Kootenay Silver Drilling Intersects over 1,000 gpt Silver within Potential New High-grade Area at Columba Silver Project, Mexico
Kootenay Silver Drilling Intersects over 1,000 gpt Silver within Potential
New High-grade Area at Columba Silver Project, Mexico
VANCOUVER, BC,
Aug. 26, 2021
/CNW/ -
Kootenay Silver Inc.
(TSXV: KTN)
(the "Company" or "Kootenay")
is pleased to report the discovery of a potential
new high-grade zone known as the East Block within the Columba Silver Project, located in Chihuahua State,
Mexico
. During expansion drilling east of the JZ Zone
as part of the 2021 phase 3 drill program, Hole CDH-21-101 returned results indicative of high-grade areas on the Property seen in the F, B and D Veins and JZ
zone. Phase 3 drilling is complete with 12 holes from the JZ Trap area, B and D Veins that remain to be reported. Further results will be released once final
assays are received.
Drill Highlights to Hole CDH-21-101
459 gpt silver over 1.6 meters including
1,190 gpt silver over 0.5 meters and
127 gpt silver over 1.1 meters
Jim McDonald
, CEO & President, states
"Congratulations to our team for the outstanding geologic work leading to an exciting new area with high grade silver
potential. This extension to the Columba veining occurs under the surface of an area which appears to be barren and adds to the numerous other high-grade
zones and potential identified to date. We look forward to further testing of this exciting new area.
Detailed Drill Results – CDH-21-097 to CDH-21-101
Hole ID
From (meters)
To (meters)
Interval (meters)
Silver (gpt)
Pb (%)
Zn (%)
Geologic Intersection
CDH-21-097
98
100
2
33
0.047
0.05
Fault Zone
CDH-21-098
88.45
89.47
1.02
32
0.01
0.3
Fault Zone
CDH-21-099
126.41
127.58
1.17
61
0.011
0.08
Hydrothermal breccia
207
209
2
30
0.031
0.04
Rhyolite some oxidation
CDH-21-100
No Significant Values
CDH-21-101
208.5
210.1
1.6
459
0.23
4.00
Fault zone with tiny quartz stockwork (East Block)
including
208.5
209
0.5
1,190
0.588
3.93
including
209
210.1
1.1
127
0.08
0.152
Notes:
Notes: All widths are drilled widths. At this time the true width is not yet known in this new area as more holes are needed. All silver composites rounded
to the nearest whole number.
Links to
Cross Section of Hole CDH-21-101
and
plan map
.
Mapping by Kootenay's geological team recognized that the Columba vein system continues further east across a fault which puts the system slightly deeper than
previously considered. Five holes were drilled into this block to see if the narrow structures at surface with weak silver content contained significant quartz veining
with grade deeper down. This is a pattern associated with several other veins found throughout the property. The deeper of the five holes hit high grade silver
over 1,000 gpt indicating the East Block follows the mineral pattern confirmed elsewhere on the property where silver grades improve with depth. Four of the five
drill holes hit silver mineralization, indicating good potential for expanding the size of the high-grade East Block area at Columba. Mapping showed a strike
extension of 350 to 500 meters in four different parallel structures.
Additional drilling is required in the East Block to confirm the presence of a high-grade deposit. However, there is opportunity to significantly expand the size of the
Project's impressive potential in a new and previously untouched area.
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
August 25, 2021
. 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.
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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 26-AUG-21