Kootenay Silver reports continued exploration success at Copalito Silver-Gold Project, Mexico Sample Results in Southern Area of the Property Include 1.0 Meter of 1,155 gpt Silver and 1.96 Meters of 2.36 gpt Gold VANCOUVER
Kootenay Silver reports continued exploration
success at Copalito Silver-Gold Project,
Mexico
Sample Results in Southern Area of the Property Include 1.0 Meter of 1,155 gpt Silver and
1.96 Meters of 2.36 gpt Gold
VANCOUVER
,
Sept. 20, 2018
/CNW/ -
Kootenay Silver Inc. (TSXV: KTN) (the "Company" or
"Kootenay")
is pleased to announce that additional encouraging assay results have been received
from surface sampling program conducted on the outcropping veins within the recently optioned
Copalito Silver-Gold Project ("Copalito Project" or "Property") located in the
State of Sinaloa,
Mexico
.
Sampling of the La Chiva, Agua and the 5 Senores veins, located in the southern portion of the
Property returned consistent anomalous silver and gold values, which continue to demonstrate the
potential of the Copalito Project. These veins are part of the main principal vein system currently
identified within the Property, (
click here to view map
) and are situated south of the Coribiza and El
Pillar veins. (See Company's news release announcing initial sampling results dated
July 19, 2018
).
Kootenay President and CEO
James McDonald
states
, "In this classic low sulfidation vein
system it is very encouraging to see chip results returning 1,700 gpt, 1,030 gpt, 1,155 gpt silver with
gold up to 1.2 gpt. These grades indicate potential for discovery of truly high-grade ore shoots. It is
also positive that sampling is returning consistently anomalous silver and gold. The next stage of
work will consist of continued mapping and detailed chip and panel sampling across the veins once
the rainy season ends."
Highlights of initial mapping and sampling completed by the Company on the La Chiva, Agua and the
5 Senores veins include:
La
Chiva Vein
: 25 samples (20 chip, 4 grab and one panel) returned silver grades from a trace
to 1,700 gpt with gold grades from a trace to 2.36 gpt;
Agua Vein: 7 Chip samples returning silver grades from 65 gpt to 474 gpt with gold grades from
0.019 gpt to 0.154 gpt
5 Senores Vein: 27 samples (25 chip and 2 grab) returned silver grades from 7 gpt to 3,770 gpt
and gold grades from a trace to 1.82 gpt.
See table below for further details and highlights from recent sampling.
Sampling Results (La Chiva, Agua and 5 Senores Veins)
Zone
Sample
Type
Width
Gold
gpt
Silver
gpt
Lead
ppm
Zinc
ppm
La Chiva
Chip
1.0
0.052
11
470
1030
La Chiva
Chip
1.0
0.016
5
180
140
La Chiva
Chip
0.5
0.109
26
930
2010
La Chiva
Chip
0.5
0.054
62
3670
1780
La Chiva
Chip
0.5
0.134
60
620
2610
La Chiva
Chip
1.0
0.233
104
1350
6750
La Chiva
Chip
1.5
traces
14
250
180
La Chiva
Grab
N/A
0.280
111
15450
1850
La Chiva
Chip
1.5
0.496
32
8530
3980
La Chiva
Chip
1.6
0.123
68
1350
6370
La Chiva
Chip
0.5
0.176
13
1230
2420
La Chiva
Chip
1.9
2.360
50
5000
7190
La Chiva
Grab
N/A
0.207
12
240
1130
La Chiva
Grab
N/A
0.007
trace
190
360
La Chiva
Panel
3X3 metres
0.716
12
1190
3400
La Chiva
Chip
1.5
0.453
122
3420
12700
La Chiva
Chip
1.5
0.144
9
890
2830
La Chiva
Chip
1.0
0.130
179
2070
2940
La Chiva
Chip
1.5
0.032
57
1220
7000
La Chiva
Chip
1.5
0.109
1,700
2620
710
La Chiva
Chip
1.3
0.494
49
3230
7710
La Chiva
Chip
1.1
0.073
45
980
2000
La Chiva
Chip
1.0
0.405
1,030
770
1020
La Chiva
Chip
1.5
0.011
375
420
1090
La Chiva
Grab
N/A
0.041
91
570
470
Agua
Chip
2.0
0.019
474
2610
8680
Agua
Chip
2.0
0.056
90
1450
4660
Agua
Chip
2.0
0.048
163
410
300
Agua
Chip
1.1
0.154
309
1100
1770
Agua
Chip
1.0
0.080
204
620
1160
Agua
Chip
1.0
0.048
207
1500
590
Agua
Chip
1.0
0.101
65
1660
1310
5 Senores
Chip
0.7
0.018
82
550
1240
5 Senores
Chip
1.0
0.064
29
1840
2910
5 Senores
Chip
1.0
1.230
1,155
9620
16850
5 Senores
Chip
1.0
0.032
14
1270
3230
5 Senores
Chip
1.0
1.820
396
7050
11750
5 Senores
Chip
1.9
0.040
301
380
580
5 Senores
Chip
1.5
0.055
194
80
130
5 Senores
Chip
1.5
0.017
165
60
100
5 Senores
Chip
0.5
0.039
90
150
130
5 Senores
Chip
2.0
0.240
143
2160
6670
5 Senores
Chip
1.2
0.131
39
150
360
5 Senores
Chip
1.4
0.018
113
130
140
5 Senores
Chip
2.0
0.149
83
560
1530
5 Senores
Chip
2.0
0.391
89
950
1680
5 Senores
Chip
1.5
0.054
31
340
140
5 Senores
Chip
1.5
0.006
21
160
140
5 Senores
Chip
2.0
0.123
83
200
110
5 Senores
Chip
2.0
0.114
87
170
150
5 Senores
Chip
2.5
0.138
16
470
830
5 Senores
Chip
2.0
0.042
67
220
100
5 Senores
Chip
2.0
0.045
174
890
450
5 Senores
Chip
2.5
0.015
109
340
400
5 Senores
Panel
1.5
trace
7
120
140
5 Senores
Chip
1.6
0.044
68
130
60
5 Senores
Grab
N/A
0.006
21
30
50
5 Senores
Chip
1.0
0.007
46
130
40
5 Senores
Grab
N/A
0.046
3,770
1460
210
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 dprojects 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
September 19, 2018
. 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/September2018/20/c8860.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 08:00e 20-SEP-18