Kootenay Resumes Drilling At Copalito Silver- Gold Property, Mexico
Kootenay Resumes Drilling At Copalito Silver-
Gold Property, Mexico
VANCOUVER, BC
,
June 11, 2020
/CNW/ -
Kootenay Silver Inc. (TSXV: KTN) (the "Company" or
"Kootenay")
is pleased to announce drilling has recommenced at its Copalito silver-gold property
(the "Property") located in Sinaloa State,
Mexico
. This is the continuation of the initial drill program
(the "Program") that began in
March 2020
, before operations were halted due to health restrictions
imposed by the Government of
Mexico
in wake of the COVID-19 pandemic. One-hole totalling 105.2
meters of the planned 3,000-meter program was completed before the temporary work stoppage.
The Program is the first drilling to date on the Property and will test positive surface sampling and
mapping.
Notable surface samples previously reported include
:
Grab Sample Highlights:
3,770 gpt silver and 7.2 gpt gold
in taken at the 5 Senores and Agua Veins, respectively;
2,510 gpt silver and 2.7 gpt gold
in grab samples taken at the Cobriza Vein;
17.45% zinc, 9.89% lead, 76 gpt silver and 0.52 gpt gold
in a grab sample taken at Pillar
Vein; and
5.1%, 1.6 % and 1.5% copper
taken from the northern area of the Property at the Cobriza Vein
Chip Sample Highlights:
1,700 gpt silver
including 0.109 gpt gold
over 1.5 meters
within a wider interval of
1,066 gpt
silver over 3.8 meters
taken at the La Chiva Vein.
1,030 gpt silver including 0.405 gpt gold over 1.0 meters
sampled across the La Chiva Vein
8.2 gpt gold including 583 gpt silver over a 1.1-meters
sampled across the 5 Senores Vein
;
402 gpt silver including 0.24 gpt over 5.3 meters taken
on 5 Senores Vein
;
532 gpt silver over 3.0 meters and 306 gpt silver over 4.9 meters
sampled across the Agua
Vein.
Copalito is host to a classic epithermal vein system that has never been drilled. Several principle
veins with strike lengths up to 2 kilometers and widths from 0.5 to 15 meters have been identified at
surface. Over 10 kilometers of untested vein strike has been mapped with high-grade silver and gold
discovery potential.
Results of the drill program will be announced as soon as the assays are received and interpreted
by the Company.
The Company will continue to ensure the safety of employees and the community during the COVID-
19 pandemic and will keep up to date on health regulations outlined by the Government of
Mexico
.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the
Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for
Mineral Projects) and reviewed and approved on behalf of Kootenay by
James McDonald
, P.Geo,
President, CEO & Director for Kootenay, a Qualified Person.
Sampling and QA/QC at Copalito
All technical information for the Copalito exploration program is obtained and reported under a formal
quality assurance and quality control ("QA/QC") program. Samples are taken from core cut in half
with a diamond saw under the direction of qualified geologists and engineers. Samples are then
labeled, placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are
delivered by the Company to ALS Minerals ("ALS") in
Hermosillo, Sonora
. The samples are dried,
crushed and pulverized with the pulps being sent airfreight for analysis by ALS in
North Vancouver,
B.C.
Systematic assaying of standards, blanks and duplicates is performed for precision and
accuracy. Analysis for silver, zinc, lead and copper and related trace elements was done by ICP
four acid digestion, with gold analysis by 30-gram fire assay with an AA finish. All drilling reported is
HQ core and has been contracted to Globexplore Drilling from
Hermosillo, Mexico
.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development
of mineral projects in the Sierra Madre Region of
Mexico
and in
British Columbia, Canada
.
Supported by one of the largest junior portfolios of silver assets in
Mexico
, Kootenay continues to
provide its shareholders with significant leverage to silver prices. The Company remains focused
on the expansion of its current silver resources, new discoveries and the near-term economic
development of its priority silver projects located in the states of
Sonora
,
Sinaloa
and
Chihuahua,
Mexico
, respectively.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
The information in this news release has been prepared as at
June 10, 2020
. Certain statements in
this news release, referred to herein as "forward-looking statements", constitute "forward-looking
statements" under the provisions of Canadian provincial securities laws. These statements can be
identified by the use of words such as "expected", "may", "will" or similar terms.
Forward-looking statements are necessarily based upon a number of factors and assumptions that,
while considered reasonable by Kootenay as of the date of such statements, are inherently subject
to significant business, economic and competitive uncertainties and contingencies. Many factors,
known and unknown, could cause actual results to be materially different from those expressed or
implied by such forward-looking statements. Readers are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of the date made. Except as otherwise
required by law, Kootenay expressly disclaims any obligation or undertaking to release publicly
any updates or revisions to any such statements to reflect any change in Kootenay's expectations
or any change in events, conditions or circumstances on which any such statement is based.
Cautionary Note to US Investors:
This news release may contain information about adjacent
properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's
mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S.
investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral
deposits on our properties. This news release may contain forward-looking statements including
but not limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral recovery processes, etc.
Forward-looking statements address future events and conditions and therefore involve inherent
risks and uncertainties. Actual results may differ materially from those currently anticipated in such
statements.
This press release uses the terms "Measured", "Indicated", and "Inferred" resources.
United States
investors are advised that while such terms are recognized and required by Canadian regulations,
the United States Securities and Exchange Commission does not recognize them. "Inferred
Mineral Resources" have a great amount of uncertainty as to their existence, and as to their
economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral
Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred
Mineral Resources may not form the basis of feasibility or other economic studies.
United States
investors are cautioned not to assume that all or any part of Measured or Indicated Mineral
Resources will ever be converted into Mineral Reserves.
United States
investors are also
cautioned not to assume that all or any part of a Mineral Resource is economically or legally
mineable.
SOURCE
Kootenay Silver Inc.
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For further information:
James McDonald, CEO and President at 403-880-6016; Ken Berry,
Chairman at 604-601-5652; 1-888-601-5650 or visit: www.kootenaysilver.com
CO: Kootenay Silver Inc.
CNW 08:30e 11-JUN-20