Kootenay Silver Reports Drill Results from Columba Project, Chihuahua, Mexico: Highs to 7,630 gpt Silver and 30.57% Combined Lead-Zinc
Kootenay Silver Reports Drill Results from Columba Project, Chihuahua,
Mexico: Highs to 7,630 gpt Silver and 30.57% Combined Lead-Zinc
VANCOUVER, BC
,
May 5, 2025
/CNW/ -
Kootenay Silver Inc.
(TSXV: KTN) (OTCQX: KOOYF)
(the "Company" or "Kootenay")
is pleased to announce latest
drill results from its Columba High-Grade Silver Project, including assays from the D-Vein. Highlights feature grades up to 7,630 gpt silver and 30.57% combined
lead-zinc, representing the deepest intercepts and highest silver and lead-zinc values reported to date from the D-Vein.
Plans, maps and sections are available on Kootenay's website
here
.
Highlights from the D-Vein include:
Hole CDH-25-199
D-Vein was encountered at 360 meters vertically below surface and returned the new record high value for that structure;
620 gpt silver, 0.31 gpt gold, 1.01% lead and 3.61% zinc over 16.50 meters (5.78 meters estimated true width ("etw"))
from 405.50 meters downhole
including;
1,775 gpt silver, 0.62 gpt gold, 2.34% lead and 9.26% zinc over 5.50 meters core length (1.93 metres etw) includes individual sample intervals
of;
2,920 gpt silver, 1.12 gpt gold, 7.78% lead and 29.30% zinc over 0.55 meters core length (
0.19m
etw)
7,630 gpt silver, 1.08 gpt gold, 5.47% lead and 25.10% zinc over 0.55 meters core length (
0.19m
etw)
5,620 gpt silver, 1.98 gpt gold, 2.23% lead and 22.60% zinc over 0.5 meters core length (
0.18m
etw)
Drilled from the footwall side of D-Vein, Hole-199 intercepted a broad mineralized envelope almost from surface containing formal veins (including "G-Vein"
roughly parallel to D-Vein) and weak stockwork veining with some internal waste zones averaging 28 gpt silver, 0.06% lead and 0.2% zinc (silver capped at
1,500 gpt) within a broad 408.12 meters long interval (143 meters etw) from 15.88 meters downhole.
CDH-24-196A, as well as holes 196 and
196B
represent directional drillholes on the western most extent of D-Vein drilling, all three intercepted a well mineralized
calcite-quartz vein located in the hangingwall of the formal D-Vein structure.
Hole CDH-24-196A
123 gpt silver, 0.09% lead and 0.25% zinc over 84 meters core length (63 meters etw)
from 192 meters downhole including;
Two hangingwall vein with high grades above D-Vein.
1,525 gpt silver, 1.23% lead and 3.27% zinc over 0.92 meters (0.75 meters etw)
in a hangingwall vein.
794 gpt silver, 0.74% lead and 6.92% zinc over 0.94 meters (0.75 meters etw)
from 206.80 meters downhole in a hangingwall vein.
245 gpt silver, 0.17 gpt gold, 0.16% lead and 0.21% zinc over 22.45 meters (16.50 meters etw)
on D-Vein, includes;
282 gpt silver, 0.27 gpt gold, 0.22% lead and 0.28% zinc over 13.45 meters (9.89 meters etw) includes;
460 gpt silver, 0.78 gpt gold, 0.49% lead and 0.66% zinc over 2.49 meters (1.83 meters etw).
585 gpt silver, 0.49 gpt gold, 0.34% lead and 0.56% zinc over 0.82 meters (0.73 meters etw).
Hole CDH-24-196
8 meters (5.15 meters etw.) of 104 gpt silver.
Three narrow hanging wall veins grading 204, 344 and 378 gpt silver.
Hole CDH-24-
196B
Important hole
extends vertical height of system to over
540 meters from previously known 350 meters.
Shows excellent depth potential for D-Vein.
Hit a wide 4.5-meter cavity within D-Vein.
Despite cavity hit 16.75 meters (6.5 meters etw.) of
2.78% lead+zinc and 16 gpt silver.
300 meters between
196B
and 196A
Hole CDH 24-
195B
Encountered a wide 13 meter cavity in D Vein.
With Cavity loss still intercepted
96 gpt silver over 4.1 meters. (1.71 meters etw), 0.45 gpt gold and 2.22% lead + zinc within a broad 19.8 meters (8.3
meters etw)
of 43 gpt silver, 0.16 gpt gold and 0.43 % zinc.
High grade hanging wall vein with
308 gpt silver over 3 meters.
May correspond to similar veins in holes CDH 24-175 with 8 meters of 270 gpt silver and
CDH 24-173 with 2 meters of 401 gpt silver and 2.49 meters of 377 gpt silver that are 60 and 180 meters away.
Returned elevated gold values including 0.70 meters (0.29 meters etw) of 2.60 gpt gold from 402.9 meters downhole
Compilation and validation of the completed database is underway in advance of work toward calculation of a maiden resource expected to primarily include F, D
and B-Vein.
Kootenay's President & CEO,
James McDonald
states, "
Incredible assays in hole 199 of 620 gpt silver and 4.6% lead-zinc leaves the D-Vein wide open to
depth. Further this hole combined with holes 125, 119, 110, 137, 138, 139, 140 and 141 all of which hit excellent grades and widths define a thickened
enriched zone plunging to depth. Another great hole is CDH-24-196A that carries very thick medium grades.
" Mr. McDonald adds "
Hole
195B
may be the most
important. Even though it hit a cavity in the vein it extends the minimum depth of the vein to over 500 vertical meters with decent grades even with a large
portion of the vein lost presumably to dissolution. It also is over 300 meters below 196A. This bodes well for the depth extent across the property
".
The current drill results from drill holes CDH-24-195 to 211 are tabulated below. Click to view the
drill plan
,
long section,
and cross sections –
D Vein
,
Jupiter Vein
, and
Ojo Vein
.
Hole ID
From (meters)
To (meters)
Interval (meters)
etw
(1)
Silver gpt
Gold gpt
Pb%
Zn%
Geologic Intersection
CDH-24-195
7.15
10.11
2.96
2.47
64
0.01
0.02
0.04
Hangingwall stockwork veining
CDH-24-195A
112.00
158.20
46.20
23.1
31
-
0.02
0.05
Hangingwall stockwork veining
CDH-24-195B
254.84
257.84
3.00
2.88
308
0.01
0.17
1.96
Hangingwall vein to D VEIN
AND
385.00
404.88
19.88
8.30
43
0.16
0.09
0.42
D VEIN System and Cavity (core loss 390-403)
INCL
402.90
403.60
0.70
0.29
67
2.60
0.53
3.70
VEIN
AND
429.90
434.00
4.10
1.71
96
0.45
0.71
1.51
Stockwork Zone in D Footwall
INCL
429.90
432.00
2.10
0.88
120
0.32
0.82
1.30
Stockwork Zone in D Footwall
CDH-24-196
174.35
175.50
1.15
0.74
344
-
0.91
0.17
Hangingwall vein to D VEIN
AND
186.00
187.00
1.00
0.64
378
-
0.26
0.80
Hangingwall vein to D VEIN
AND
232.15
232.65
0.50
0.32
204
0.01
0.10
1.30
Hangingwall vein to D VEIN
AND
294.00
302.00
8.00
5.15
104
0.01-
0.11
0.16
DVEIN
CDH-24-196A
192.00
276.00
84.00
63.00
123
0.05
0.09
0.25
D VEIN Envelope
INCL
201.58
202.50
0.92
0.69
1,525
0.01
1.23
3.27
Hangingwall Vein
AND
206.80
207.74
0.94
0.71
794
0.01
0.74
6.92
Hangingwall Vein
AND
252.00
274.45
22.45
16.50
245
0.17
0.16
0.21
D VEIN Stockwork and Vein
INCL
259.00
272.45
13.45
9.89
282
0.27
0.22
0.28
D VEIN Stockwork and Vein
INCL
270.33
272.82
2.49
1.83
460
0.78
0.49
0.66
D VEIN Stockwork and Vein
INCL
272.00
272.82
0.82
0.60
585
0.49
0.34
0.56
D VEIN
CDH-24-196B
170.00
170.61
0.61
0.24
227
0.02
0.20
0.24
Hanging wall vein
AND
219.75
220.50
0.75
0.30
153
-
0.05
0.15
Hanging wall vein
AND
239.52
240.14
0.62
0.25
199
0.01
0.37
1.19
Hanging wall vein
AND
570.00
586.75
16.75
6.50
16
0.02
1.00
1.78
D VEIN and 4.5m Cavity
CDH-24-197
338.00
359.00
21.00
13.40
108
0.02
0.13
0.37
D VEIN
INCL
356.00
358.00
3.00
2.01
286
0.01
0.40
1.19
D VEIN
CDH-25-198
438.00
447.25
9.25
6.10
65
0.10
0.33
2.66
D VEIN
INCL
442.08
442.75
0.67
0.44
188
0.06
3.08
3.03
D VEIN
CDH-25-199
15.88
424.00
408.12
142.84
28
0.02
0.06
0.20
Broad mineralized envelope
INCL
75.50
76.00
0.50
0.25
146
0.15
0.13
0.17
Stockwork veining
AND
91.05
98.70
7.65
3.83
96
-
0.07
0.13
G VEIN
AND
354.00
356.00
2.00
0.70
325
0.01
0.13
0.25
Footwall stockwork veining
INCL
405.50
422.0
16.50
5.78
620
0.31
1.01
3.61
D VEIN SYSTEM
AND
405.50
411.0
5.50
1.93
1,775
0.62
2.34
9.26
D VEIN
INCL
406.45
407.0
0.55
0.19
2,920
1.12
7.78
29.30
D VEIN
INCL
407.00
407.6
0.55
0.19
7,630
1.08
5.47
25.10
D VEIN
INCL
407.55
408.1
0.50
0.18
5,620
1.98
2.23
22.60
D VEIN
CDH-25-200
178.00
180.00
2.00
1.11
118
0.01
0.07
0.14
Veining Footwall to D Vein
AND
263.00
344.00
81.00
44.79
25
-
0.02
0.06
Broad Stockwork zone footwall to D
INCL
280.50
281.00
0.50
0.28
153
0.01
0.04
0.27
Broad Stockwork zone footwall to D
AND
401.00
420.00
19.00
10.50
92
0.01
0.17
0.32
D VEIN SYSTEM
INCL
402.00
417.00
15.00
8.30
103
0.01
0.18
0.37
D VEIN SYSTEM
INCL
403.10
405.65
2.55
1.41
248
0.02
0.35
0.81
D VEIN
INCL
403.10
404.00
0.90
0.50
388
0.04
0.64
1.48
D VEIN
CDH-25-201
157.00
157.50
0.50
0.21
294
0.01
0.12
0.18
Footwall Vein to D Vein
AND
278.89
279.44
0.55
0.24
260
0.01
0.76
0.99
Footwall Vein to D Vein
AND
300.00
302.00
2.00
0.86
156
0.01
0.14
0.75
Footwall Vein to D Vein
AND
392.00
416.00
24.00
10.30
72
0.02
0.15
0.35
D VEIN SYSTEM
INCL
406.80
414.30
7.50
3.22
107
0.03
0.19
0.62
D VEIN
INCL
406.80
408.30
1.50
0.64
155
0.01
0.09
0.49
D VEIN
CDH-25-202
288.25
290.85
2.60
0.78
156
0.01
0.11
0.43
G VEIN
AND
372.10
373.65
1.55
0.47
179
0.01
0.25
0.98
Footwall Vein to D
AND
380.30
381.60
1.30
0.39
529
0.02
0.36
0.93
Footwall Vein to D
AND
496.00
509.65
13.65
4.10
118
0.07
0.10
0.76
D VEIN SYSTEM
INCL
500.00
501.00
1.00
0.30
180
0.08
0.04
0.46
D VEIN
INCL
505.00
506.00
1.00
0.30
171
0.47
0.39
2.35
D VEIN
CDH-25-203
391.00
395.00
4.00
1.12
175
-
0.12
0.39
Footwall Vein to D
AND
401.00
410.00
9.00
2.52
119
-
0.06
0.20
Footwall Vein to D
AND
445.00
455.10
10.10
2.81
89
-
0.05
0.21
D VEIN SYSTEM
INCL
449.00
450.00
1.00
0.28
198
-
0.05
0.33
D VEIN
INCL
454.50
455.10
0.60
0.17
199
-
0.08
0.48
D VEIN
CDH-25-204
NSI
-
F2 Flexure "Ojo Zone"
CDH-25-205
NSI
-
F2 Flexure "Ojo Zone"
CDH-25-206
NSI
-
F2 Flexure "Ojo Zone"
CDH-25-207
282.95
283.70
0.75
1,040
-
0.91
2.34
F2 Flexure "Ojo Zone"
CDH-25-208
NSI
-
Jupiter Zone
CDH-25-209
NSI
-
Jupiter Zone
CDH-25-210
168.30
168.80
0.50
247
-
0.12
0.22
Jupiter Zone
AND
243.40
244.03
0.63
103
-
0.02
0.21
Jupiter Zone
CDH-25-211
NSI
-
Jupiter Zone
1
Estimated true widths are based on current interpretation of mineralized structures.
NSI – No Significant Intercepts
Holes CDH-25-195 to 203 targeted extensions either on strike or at depth on D-Vein. Hole CDH-196B encountered difficult drilling conditions at the target depth,
with loose ground and cavities causing recovery problems resulting in a significant loss of core in the target interval. Eight pure exploration holes on conceptual
and extension targets include Drillholes CDH-25-204 to 207 that targeted the "Ojo Zone" a flexure along the eastern projection of F-Vein recognized in LiDAR data
and confirmed by mapping at surface. Veining was encountered in all four holes with the best being
1,040
gpt silver and 3.25% lead + zinc over 0.75 meter
s in
hole CDH-25-207. Drillholes CDH-25-208 to 211 represent continuation of a systematic, wide spaced exploratory test of promising veins/breccias mapped on
surface, in this case testing the "Jupiter Zone". These holes mark the northermost drilling on the property to date.
The current drill program is now complete having surpassed the proposed 20,000 meters phase, which commenced earlier in 2024. Data for use in modelling
work is cut off at this time. Database validation and compilation is underway as is preliminary work on the calculation of a maiden resource estimate at Columba.
Drilling completed in the last 12 months forms the second phase of a larger, staged program planned to total 50,000 meters.
A comprehensive list of drill results completed on the Columba Property since 2019 may be viewed here:
Columba Drill Results.
Corporate Update
The Company also announces that during the fiscal quarter ended
March 31
, 2025, pursuant to an "at-the-market" equity distribution program (the "ATM
Program") established under to a prospectus supplement dated
July 4, 2024
, the Company issued 120,800 common shares ("Offered Shares") at an average
price of
$1.0487
per Offered Share. The Company raised aggregate gross proceeds of
$126,689
and aggregate commissions payable of
$3,167
to Research
Capital Corporation (who acted as agent), resulting in aggregate net proceeds to the Company of
$123,521
.
For more information regarding the ATM Program, please see the Company's news release dated
July 10, 2024
.
This news release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of securities in
the United States
,
or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities described in this news release have not been and will not be
registered under the United States Securities Act of 1933, as amended (the "
U.S. Securities Act
"), or under any U.S. state securities laws, and may not be
offered, sold, directly or indirectly, or delivered within
the "United States
" or to, or for the account or benefit of, persons in
the "United States
" or "U.S. persons"
(as such terms are defined in Regulation S under the U.S. Securities Act) except in certain transactions exempt from the registration requirements of the U.S.
Securities Act and all applicable U.S. state securities laws.
About Columba Project
The Columba project is a classic high grade epithermal vein system. That management believes is a newly recognized vein district. It is typical in character and
size of other vein districts in
Mexico
known to have deposited significant resources of silver or gold such as La Chispas and
Panuco
.
Hosted within a volcanic caldera setting, the surface extent of mapped veins measures roughly 4 kilometres by 3 kilometres. Vein mineralization occurs over a
minimum vertical extent of 350 meters as shown by drilling. The veins appear to be intermediate sulfidation veins indicating the potential for depths exceeding 700
meters of vertical extent. This remains to be tested, and all veins remain open to depth.
The veins cut every known rock type on the project and the veins or vein structures can be traced across the highest elevations of the caldera. This indicates veins
formed late in caldera history. As elevation increases vein development becomes irregular eventually being replaced by breccias at the higher elevations. Silver
grades diminish with increasing elevation right down to background values. Correspondingly silver grades increase with depth from background at higher
elevations to highs of kilograms per tonne at depth. It is evident from these features that the vein system has undergone almost no erosion and so whatever silver
was deposited originally is largely still there.
A general rule of thumb on the project is at levels deeper than 1,750 meters above sea level is where good grades begin to appear. This is what is referred to as
the grade line.
Prior to Kootenay Silver no exploration had occurred at Columba in nearly 40 years. Historically there were two periods of mining on one of the veins referred to
as the F Vein. The first being in the early 1900's when underground development included 6 drifts (tunnels) at different levels coming off a 200-meter-deep shaft.
This work was halted by the Mexican Revolution. Then a second brief period of mining occurred around 1958 to 1960 when a small private company used the old
development to mine. It is estimated that around 100,000 tonnes were mined.
Kootenay acquired 100% of the project and has completed detailed mapping, lidar, and airborne magnetic surveys along with over 49,000 meters of drilling in
over 200 holes across various veins. The company also has a 24-year surface access agreement that includes annual and other payments and allows for both
exploration and exploitation. The agreement covers all the mineralized areas drilled to date.
Sampling and QA/QC at Columba
All technical information for the Columba 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 Chihuahua. The Company
inserts blanks, standards and duplicates at regular intervals as follows. On average a blank is inserted every 100 samples beginning at the start of sampling and
again when leaving the mineral zone. Standards are inserted when entering the potential mineralized zone and in the middle of them, on average one in every 25
samples is a standard. Duplicates are taken in the mineralized intervals at an average 2 duplicates for each hole.
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. All drilling reported is HQ core and was completed by Globextools, S.A. de C.V.
of Hermosillo,
Sonora, 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.
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 Mr. Dale Brittliffe, BSc. P. Geol., Vice
President, Exploration of Kootenay Silver, is the Company's nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for
Mineral Projects, has reviewed the scientific and technical information disclosed in this news release. Mr. Brittliffe is not independent of Kootenay Silver.
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
.
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
May 4, 2025
. 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 includes Mineral Reserves and Mineral Resources classification terms that comply with reporting
standards in
Canada
and the Mineral Reserves and the Mineral Resources estimates are made in accordance with National Instrument 43-101 – Standards of
Disclosure for Mineral Projects ("
NI 43-101
"). NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public
disclosure an issuer makes of scientific and technical information concerning mineral projects. These standards differ significantly from the requirements
adopted by the U.S. Securities and Exchange Commission (the "
SEC
"). The SEC sets rules that are applicable to domestic
United States
reporting companies.
Consequently, Mineral Reserves and Mineral Resources information included in this news release is not comparable to similar information that would generally
be disclosed by domestic U.S. reporting companies subject to the reporting and disclosure requirements of the SEC. Accordingly, information concerning
mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.
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For further information:
For additional information, please contact: 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 07:00e 05-MAY-25