Kootenay Silver Announces Aztec-Kootenay JV Final Gold Results from 2021-2022 Drill Program on Cervantes Property, Sonora
Kootenay Silver Announces Aztec-Kootenay JV Final Gold Results from
2021-2022 Drill Program on Cervantes Property, Sonora
VANCOUVER, BC
,
June 14, 2022
/CNW/ -
Kootenay Silver
(TSXV: KTN)
is pleased to announce JV operator Aztec Minerals Corp.
(TSXV: AZT) has
reported the final gold and multi-element results for the Cervantes Project 2021-2022 Reverse Circulation (RC) Phase 2 drill program in
Sonora, Mexico
. The
program involved 26 RC drill holes with a combined total of 5,249 meters that tested four targets (
California
, California North, Jasper, and
Purisima East
).
The
Cervantes
project is a 65/35 joint venture with Kootenay holding a 35% participating interest.
Highlights from final drill results
Results for Hole CAL22-018—a deep probe to test the large IP chargeability anomaly of the
California
zone, reached a total depth of 264.48 meters before
caving.
It penetrated the near surface oxide gold-copper mineralization and transitioned into a higher sulfide-silica alteration zone with significantly higher
molybdenum and copper values.
Visible, estimated pyrite contents increased from ~ 1% to ~3-5% avg
Copper increased from a 51 ppm avg to 578 ppm avg
This zone high in pyrite is consistent with pyrite shells associated with copper porphyry mineralization.
The multi-element ICP results show good relationships between Au, Cu, Bi, Ag and As, with prospective grades and widths of Cu and Ag supporting a
potential porphyry deposit at depth.
Continued intercepts of anomalous gold mineralization in the
California
zone
Multi-Element ICP results received for
Cervantes
drill holes
Results form the
California
target continue to return anomalous gold mineralization.
View drill section here:
California Drill Section CAL22-018
Reported lengths are apparent widths, not true widths, and the observed gold mineralization appears to be widely distributed in disseminations, fractures and
veinlets within quartz-feldspar porphyry, feldspar porphyry stocks, quartzites and related hydrothermal breccias.
Click to view:
California Longitudinal Section
and
California
2022 Drill Plan Map
Holes CAL22-018, 019, 020, and 021 intersected anomalous gold mineralization, extending the known mineralized zone at depth, and to the north, east and south
of the
California
zone. The now completed RC Phase 2 drilling program covers an area measuring approximately 900 meters long by 250 to 500 meters wide,
with demonstrated, continuous anomalous mineralization up to 265 meters depth vertically. The porphyry gold-copper mineralization is open in all directions.
Table 1. Select Multi-Element Results of Cervantes Phase 2 Drill Program
Hole No.
From
To
Interval
Gold (gpT)
Copper (%)
Silver(gpT)
Molybdenum PPM
m
m
m
CAL22-001
16.72
110.96
94.24
1.038
54.72m/0.361
72.96m/4.112
CAL22-002
4.6
103.36
98.76
0.374
16.72m/0.153
41.04m/1.226
CAL22-003
45.6
91.2
45.6
0.422
63.84m/0.107
53.2m/2.946
CAL22-004
0
165.68
165.68
1.002
159.6m/0.065
167.2m/1.908
CAL22-005
0
136.8
136.8
1.486
118.56m/.091
118.56m/2.661
CAL22-006
16.72
117.04
100.32
0.749
138m/0.103
165.68m/3.243
CAL22-007
83.6
147.44
63.84
0.465
107.92m/0.079
89.68m/1.429
CAL22-008
0
54.72
54.72
0.884
33.4m/0.122
30.4m/2.36
59.28m/0.096
59.28m/59.65
CAL22-009
0
86.64
86.64
0.5
74.48m/0.138
76m/2.386
CAL22-010
0
138.32
138.32
0.53
95.76m/0.224
127.7m/3.567
CAL22-011
25.84
158.08
132.24
0.427
21.52m/0.053
66.88m/2.279
65.36m/0.053
65.36m/1.502
CAL22-012
41.04
193.04
152
0.872
123.12m/0.095
165.68m/3.463
CAL22-013
139.84
147.44
7.6
0.209
54.72m/0.055
74.48m/1.489
CAL22-014
0
54.72
54.72
0.484
31.92m/.0615
27.36m/1.361
CAL22-015
4.56
72.96
68.4
0.421
30.4m/.0622
21.28m/2.779
CAL22-016
0
56.24
56.24
0.475
25.84m/.0981
12.16m/2.325
CAL22-017
28.88
53.2
24.32
0.315
31.92m/0.045
12.16m/1.475
19.8m/209.8
50.2m/0.069
10.64m/2.771
74.48m/144.57
CAL22-018
24.32
48.64
24.32
0.216
53.2m/0.078
86.65m/2.174
191.52
202.16
10.64
0.273
68.4m/0.062
28.88m/1.116
39.52m/122.46
CAL22-019
153.52
167.2
13.68
0.269
16.72./0.0803
59.28m/1.549
7.6m/126.6
CAL22-020
15.2
18.24
3.04
0.321
4.56m/1.833
CAL22-021
100.32
104.88
4.56
0.409
3.04m/.0707
3.04m/2.2
JAS22-001
10.64
19.76
9.12
0.332
69.9m/0.215
65.4m/2.723
19.76m/144.92
200.6m/0.117
PUR21-001
16.72
19.76
3.04
0.323
51.68m/0.069
83.6m/1.942
PUR21-002
22.8
31.92
9.12
0.334
31.9m/0.168
3.04m/1.8
13.68m/0.076
PUR21-003
18.2m/0.0518
3.04m/1.5
PUR22-004
25.8m/325.35
The Aztec-Kootenay JV has now completed its Phase 2 RC program of 26 holes, totaling 5,249 meters at the
Cervantes Property
. Drilling commenced in
December 2021
. The primary objectives of the 2021 – 2022 phase 2 exploration program was to better define the open pit, heap leach gold potential of the
porphyry oxide cap at
California
, evaluate the potential for deeper copper-gold porphyry sulfide mineralization underlying the oxide cap, test for north and west
extensions of the
California
mineralization at
California North
and
Jasper
, and assess the breccia potential of
Purisima East
.
Drill samples cuttings are collected every 5 feet (
1.52m
) from all drill holes. The samples are analyzed by Bureau Veritas for gold with a 30-gram sample size
using the method FA430 followed by MA300. Over limits, when present, are analyzed by AR404 or FA550. All holes contain certified blanks, standards, and
duplicates as part of the quality control program. The QA/QC review for all drilling has been completed with excellent results showing good data integrity. The
samples are shipped to and received by Bureau Veritas Minerals laboratory for the gold and multielement geochemical analysis and additional gold results will be
received and reported in the next several weeks. Final multielement ICP results are expected to follow the release of the preliminary gold assays and are
expected to be received during the second quarter 2022.
Aztec has recently completed drill hole collar surveying, field work for Drone Photogrammetry survey created a detailed ortho-topographic base map, and
Terraspec readings on the RC drill chips. Aztec is now carrying out channel sampling and geologic mapping of the new drill roads at
California
, California Norte
and Jasper, relogged the 2017-2018 core, expand surface sampling and mapping on the property in general to continue the 2021 phase 1 surface program, and
generate Leapfrog modeling of the geology, geochemistry and geophysics.
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.
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 prolific mining districts in
Sonora
, State and Chihuahua, State,
Mexico
, respectively.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
The information in this news release has been prepared as at
June 14, 2022
. 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.
2022 number 13
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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 13:31e 14-JUN-22