KTN.V · 2019-01-21 12:00:00

Kootenay Sampling Program Returns Several High-Grade Results at Copalito Silver-Gold Project, Mexico Highlights Include 5.3 Meters of 401 gpt Silver and 0.24 gpt Gold

Drill Results Exploration Programs

Kootenay Sampling Program Returns Several

High-Grade Results at Copalito Silver-Gold

Project, Mexico

Highlights Include 5.3 Meters of 401 gpt Silver and 0.24 gpt Gold

VANCOUVER

Jan. 21, 2019

/CNW/ -

Kootenay Silver Inc. (TSXV: KTN) (the "Company" or

"Kootenay")

is pleased to announce the results from recent surface sampling and mapping program

(the "Program") conducted on outcropping veins at the Copalito Silver-Gold Project ("Copalito" or

"Property") located in the

State of Sinaloa

, Mexico.

Copalito covers a gold and silver epithermal vein system comprised of numerous veins, with

individual veins currently traced over strike lengths up to 2 kilometers. Veins vary in width from 0.5

to 15 meters at surface. Previous exploration results have been reported on

July 19

and

September

20, 2018

(see Kootenay new releases

#18-16

and

#18-21

Sampling Highlights to-date

7.2 gpt gold and 3,770 gpt silver in grab samples taken at the 5 Senores and Agua Veins,

respectively;

8.2 gpt gold including 583 gpt silver over a 1.1-meter channel sample across the 5 Senores

Vein;

401 gpt silver including 0.24 gpt gold chip sampled across 5.3 meters on 5 Senores Vein;

532 gpt silver over 3.0 meters and 306 gpt silver over 4.9 meters chip sampled across the Agua

vein;

17.45% zinc, 9.89% lead, 76 gpt silver and 0.52 gpt gold in a grab sample taken at Pillar Vein;

and

Copper values of 5.1%, 1.6 % and 1.5% taken from the northern area of the Property along the

Cobriza Vein

Kootenay President & CEO,

James McDonald

stated

, "We are very pleased with results from

mapping and sampling recently completed at Copalito. This Program not only returned numerous

high-grade silver values, but also found significant gold values and extended the mineral strike length

of all known primary veins. Furthermore, we discovered parallel veins, increasing the dimensional

potential of the mineralized system. Copalito is a rare opportunity of an undrilled vein swarm with the

potential for a high-grade discovery, which can have immediate impact in the value of the Company

even with low silver prices. It is the second such project acquired in 2018 with the other being

Columba."

Results can be viewed in a series of maps by clicking the following link:

Copalito sampling maps

Geological Highlights of the Program

Cobriza Vein extended 200 meters to the northwest;

Pilar Vein

extended 200 meters northwest with the discovery of several parallel veins;

Chiva Vein

extended 100 meters north;

Discovery of a new vein "del

Medio Vein

" located west of Chiva;

Agua Vein extended 100 meters south and its width increased to greater than 8 meters; and

5 Señores Vein extended 250 meters south and its width extended up to 12 meters; strike

length also extended to 250 meters to the north and width increased up to 10 meters.

Summary of Silver Results

Of the 117 individual rock samples taken during the Program, 29 samples returned silver grades

exceeding 90 gpt including 11 over 300 gpt and 6 over 500 gpt. In total 51 samples or 44% graded

over 20 gpt silver (see table below further details).

Individual Channel and Rock Chip Sampling > 90 gpt Silver

Zone

Sample

Type

Width

(meters)

Gold

gpt

Silver

gpt

Lead

ppm

Zinc

ppm

Copper

ppm

5 Señores

Channel

1.30

0.05

750

1360

520

5 Señores

Channel

1.40

0.04

644

300

310

Agua

Channel

2.60

0.15

594

1240

1000

130

5 Señores

Channel

1.10

8.29

583

2750

6720

5 Señores

Channel

1.00

0.17

561

2190

6840

Agua

Channel

2.00

0.07

503

630

720

Agua

Channel

0.90

0.06

421

910

460

Agua

Channel

1.95

0.10

369

820

730

5 Señores

Channel

1.20

0.27

324

5580

4930

5 Señores

Grab

N/A

5.64

321

410

5510

5 Señores

Channel

2.00

0.07

302

650

300

Agua

Channel

1.30

0.09

293

1800

750

5 Señores

Channel

2.00

0.53

275

600

450

Cobriza

Channel

1.80

0.24

263

620

4450

Agua

Channel

1.95

0.04

253

590

170

5 Señores

Channel

1.85

0.03

224

300

120

Cobriza

Channel

0.60

0.82

199

5230

6010

1940

5 Señores

Channel

1.85

0.01

199

120

trace

5 Señores

Grab

N/A

0.12

197

720

1860

Agua

Channel

2.00

trace

194

660

1090

5 Señores

Channel

1.20

0.26

184

4550

2770

180

Cobriza

Channel

1.85

0.78

162

170

420

Agua

Channel

1.55

0.01

148

1200

3240

180

5 Señores

Channel

1.10

0.15

147

1130

2060

5 Señores

N/A

0.02

144

620

690

Cobriza

Grab

N/A

1.11

124

6610

2710

390

Agua

Channel

1.00

0.01

430

trace

Agua

Channel

1.00

trace

240

trace

5 Señores

1.30

0.11

640

1890

Copalito Geology

Mineralization is hosted within classic low sulfidation epithermal quartz and rare calcite veins.

Multiple mineral events are evidenced by banded mineralized clasts, multiple cross cutting

veins/veinlets, laminated banding of chalcedonic and crystalline quartz, sulfide replacement and

infillings of breccia matrix. Sulfide content is generally low but does range to 20% or more in hand

samples. Sulfides and their oxide equivalents include fine grained pyrite, black and yellow sphalerite,

galena, chalcopyrite and silver sulfides. Some zonation is becoming apparent with veins in the

northeast being higher in gold and base metals and those in the south being high in silver and low in

base metals.

About Copalito Silver-Gold Project

The Copalito Project is a classic low sulphidation epithermal vein system which has numerous small

old workings and no evidence or reports of historic exploration drilling. The Property consists of

seven concessions totaling approximately 3,700 hectares and is located 35 kilometres east of

McEwen Mining's "El Gallo Mine" complex in Sinaloa State, along the western fringes of the Sierra

Madre Occidental in northwestern Mexico. The Copalito Project has good access, topography and

infrastructure. Kootenay's wholly owned Mexican subsidiary can acquire a 100% ownership in the

concessions by making staged payments over a 4-year period totaling an aggregate of

US$985,000

Sampling and QA/QC

Surface samples reported herein are a combination of grab, chip and panel chip. 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 under the direction of

qualified geologists. Samples are then labeled placed in plastic bags, sealed and with interval,

location and sample numbers recorded. Samples are delivered by the Company via courier to ALS

Minerals ("ALS") in

Hermosillo

. The samples are dried, crushed and pulverized with the pulps

being sent airfreight for analysis by ALS in

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.

Qualified Persons

The Kootenay scientific and 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 Kootenay by

James McDonald

, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.

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 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 two of its priority silver projects located in prolific mining districts in

Sonora

, State

and Chihuahua, State,

Mexico

, respectively.

On Behalf of the Board of Directors of

KOOTENAY SILVER INC.

"James McDonald"

President & CEO

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.

CAUTIONARY NOTES:

The sampling results disclosed in this news release are not necessarily indicative and drilling is

required to confirm a mineral deposit.

The information in this news release has been prepared as at

January 20, 2019

. This news

release contains "forward-looking information" within the meaning of Canadian securities

legislation and "forward-looking statements" within the meaning of the United States Private

Securities Litigation Reform Act of 1995 (collectively, "

forward-looking statements

"). All

statements, other than statements of historical fact, that address activities, events or developments

that Kootenay Silver Inc. ("

Kootenay

" or the "

Company

") believes, expects or anticipates will or

may occur in the future including, without limitation, the anticipated exploration program results

from exploration activities, the discovery and delineation of mineral deposits and sampling results

from the Copalito Project and other properties, the anticipated content, commencement, and cost of

exploration programs in respect of the Company's projects and mineral properties, the anticipated

business plans and timing of future activities of the Company, future capital expenditures

(including the amount and nature thereof), business strategies and measures to implement

strategies, competitive strengths, goals, expansion and growth of the business and operations,

plans and references to the future success of the Company, and such other matters, are

forward

looking statements. These forward-looking statements reflect the current expectations or

beliefs of the Company based on information currently available to Kootenay and often use words

such as "expects", "plans", "anticipates", "estimates", "believes", "intends", "potential", "may" or

variations thereof or the negative of any of these terms.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the

actual results of the Company to differ materially from those discussed in the forward-looking

statements and, even if such actual results are realized or substantially realized, there can be no

assurance that they will have the expected consequences to, or effects on, Kootenay. Factors that

could cause actual results or events to differ materially from current expectations include, among

other things: the ability of the Company to obtain sufficient financing to fund its business activities

and plans, operating and technical difficulties in connection with mineral exploration and

development and mine development activities for Company's projects generally, actual results of

exploration activities (including the estimation or realization of mineral reserves and mineral

resources), the timing and amount of estimated future production, costs of production, capital

expenditures, the costs and timing of the development of new deposits, the availability of a

sufficient supply of water and other materials, requirements for additional capital, future prices of

gold and silver, changes in general economic conditions, changes in the financial markets and in

the demand and market price for commodities, possible variations in ore grade or recovery rates,

possible failures of plants, equipment or processes to operate as anticipated, accidents, labour

disputes and other risks of the mining industry, delays in obtaining governmental and regulatory

approvals (including of the TSX Venture Exchange), permits or financing or in the completion of

development or construction activities, changes in laws, regulations and policies affecting mining

operations, hedging practices, currency fluctuations, title disputes or claims limitations on

insurance coverage and the timing and possible outcome of pending litigation, environmental

issues and liabilities, risks related to joint venture operations, and risks related to the integration of

acquisitions, as well as those factors discussed under "Risk Factors" in the Company's most recent

annual management's discussion and analysis and other filings of the Company with the Canadian

Securities Administrators, copies of which can be found under the Company's profile on the

SEDAR website at

www.sedar.com

Any forward-looking statement speaks only as of the date on which it was made, and except as

may be required by applicable securities laws, Kootenay disclaims any intent or obligation to

update any forward-looking statement, whether as a result of new information, future events or

results or otherwise. Although Kootenay believes that the assumptions inherent in the forward-

looking statements are reasonable, forward-looking statements are not guarantees of future

performance and accordingly undue reliance should not be put on such statements due to their

inherent uncertainty. There can be no assurance that forward-looking statements will prove to be

accurate, and actual results and future events could differ materially from those anticipated in such

statements.

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.

SOURCE

Kootenay Silver Inc.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/January2019/21/c2360.html

%SEDAR: 00016508E

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 21-JAN-19

← Back to feed