KOOTENAY SILVER REPORTS RESULTS OF SURFACE SAMPLING AT COPALITO SILVER-GOLD PROJECT, MEXICO Highlights Include 5.2 Meters of 109 gpt Silver and 0.18 gpt Gold in Chip Sampling; and 2510 gpt Silver with 2.7 gpt Gold in Grab Sampling
July 19, 2018
KOOTENAY SILVER REPORTS RESULTS OF SURFACE SAMPLING AT
COPALITO SILVER-GOLD PROJECT, MEXICO
Highlights Include 5.2 Meters of 109 gpt Silver and 0.18 gpt Gold in Chip Sampling; and
2510 gpt Silver with 2.7 gpt Gold in Grab Sampling
Kootenay Silver Inc. (TSXV: KT N) (the “Company” or “Kootenay”) is pleased to announce that
recent surface sampling of outcropping veins is return ing consistent anomalous silver and gold results
within the newly optioned Copalito Silver-Gold Project (“Copalito Project” or “Property”) located in
the State of Sinaloa, Mexico.
Kootenay President and CEO James McDonald states , “Based on consistent anomalous silver and
gold values both along strike and across excellent vein widths of up to 15 meters, we see good
potential for the discovery of a classic high-grade ve in hosted silver-gold deposit. The exploration
team will continue to systematically map and sample the surface exposures found on the Property in
the coming weeks to delineate drill targets.”
Individual veins are found to be up to 15 meters in true width and have been traced along strike for
2,000 meters, which remain open along strike. Thus far 4 principal veins have been identified in
addition to numerous smaller veins. The first chip and grab sampling from two of the four veins is
reported here.
Results of initial mapping and sampling completed by the Company on two of the principal veins, the
Cobriza and El Pillar veins, located in the north ern area of the Copalito Project, returned impressive
gold and silver values.
Cobriza Vein: 11 samples (5 chip and 6 grab) returned silver grades from 47 gpt to 2,510 gpt
with gold from 0.03 gpt to 2.70 gpt.
El Pillar Vein: 22 samples (17 chip and 5 grab) returned silver grades from 2 gpt to 166 gpt
and gold grades from 0.04 gpt to a high of 1.05 gpt.
See table below for further details and highlights from recent sampling. Click this link to view maps
as well as sampling details.
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. Ongoing follow-up work will
include detailed chip sampling of vein outcrops al ong with mapping and prospecting. The objective is
to determine grade distribution along the veins for drill targeting and to find both new veins and the
limits of the known veins at surface.
Mapping and sampling results on the La Chiva and 5 Senores veins located in the southern area of the
Copalito Project are forthcoming.
Sampling Results (Cobriza & El Pillar)
Zone Sample
Type
Width Gold
gpt
Silver
gpt
Copper
ppm
Lead
ppm
Zinc
ppm
Cobriza Channel 1.4 0.032 139 15,200 340 590
Cobriza Channel 1.9 0.506 104 7,870 420 330
Cobriza Channel 2.3 0.481 95 2,860 600 170
Cobriza Channel 1.5 0.179 93 1,330 230 200
Cobriza Channel 2 1.4 201 990 290 100
Cobriza Grab n/a 0.042 54 300 780 940
Cobriza Grab n/a 0.522 76 3,050 1,270 1,290
Cobriza Grab n/a 0.404 67 580 2,570 1,310
Cobriza Grab n/a 1.165 101 2,350 12,250 14,700
Cobriza Grab n/a 2.7 2,510 16,300 540 260
Cobriza Grab n/a 0.207 47 560 1,550 5,320
El Pillar Channel 1 1.055 37 290 12,750 6,440
El Pillar Grab n/a 0.571 27 330 900 2,120
El Pillar Channel 1 0.302 101 540 6,930 12,400
El Pillar Channel 1 0.573 20 530 4,260 13,750
El Pillar Channel 1.4 0.343 24 30 2,620 1,690
El Pillar Grab n/a 0.523 76 280 98,900 174,500
El Pillar Channel 1.7 0.047 2 10 20 50
El Pillar Channel 1 0.068 16 20 180 280
El Pillar Channel 2 0.281 166 130 1,180 1,300
El Pillar Channel 2 0.311 49 70 890 1,000
El Pillar Channel 1.5 0.227 29 50 170 390
El Pillar Channel 0.5 0.07 4 10 50 30
El Pillar Channel 0.7 0.063 4 10 20 20
El Pillar Channel 1 0.192 10 20 370 1,160
El Pillar Grab n/a 0.356 10 10 50 50
El Pillar Channel 2 0.201 44 90 2,640 1,120
El Pillar Channel 2 0.086 13 20 320 210
El Pillar Channel 1.6 0.124 80 60 1,490 1,200
El Pillar Channel 1.6 0.206 10 10 60 30
El Pillar Channel 1.5 0.286 80 100 1,380 1,450
El Pillar Grab n/a 0.043 23 30 260 430
El Pillar Grab n/a 0.173 13 10 90 100
About Copalito Silver-Gold Project
The Copalito Project 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 th e concessions by making staged payments over a 4-year period
totaling 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 a re delivered by the Company via courier to ALS Minerals
("ALS") in Hermosillo. The samples are dried, cru shed 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 di gestion, 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 requirem ents 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 asset s in Mexico, Kootenay continues to provide its
shareholders with significant leverage to sil ver prices. The Company remains focused on the
expansion of its current silver resources, new disco veries and the near-term economic development of
two of its priority silver projects located in pro lific 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
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
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 indica tive and drilling is required to confirm a
mineral deposit.
The information in this news release has been prepared as at July 18, 2018. This news release contains “forward-looking
information” within the meaning of Canadian securities legisl ation and “forward-looking statements” within the meaning of
the United States Private Secur ities Litigation Reform Act of 1995 (collectively, “ forward-looking statements ”). All
statements, other than statements of histor ical fact, that address activities, events or developments that Kootenay Silver Inc.
(“Kootenay” or the “ Company”) believes, expects or anticipates will or ma y occur in the future including, without
limitation, the anticipated exploration pr ogram results from exploration activities , the discovery and delineation of mineral
deposits and sampling results from the Copalito Project and othe r 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 Co mpany, future capital expenditures (incl uding the amount and natur e thereof), business
strategies and measures to implement strategies, compet itive 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 stat ements reflect the current expectations or beliefs of the Company based on
information currently available to Kootenay and often use word s such as “expects”, “plans”, “anticipates”, “estimates”,
“believes”, “intends”, “potential”, “may” or variati ons thereof or the negative of any of these terms.
Forward-looking statements are subject to a number of risk s and uncertainties that may cause the actual results of the
Company to differ materially from those discussed in the fo rward-looking statements and, even if such actual results are
realized or substantially realized, there can be no assuran ce 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 an d
technical difficulties in connection with mineral explora tion and development and mine development activities for
Company’s projects generally, actual results of exploration activities (including th e estimation or realization of mineral
reserves and mineral resources), the tim ing and amount of estimated future pr oduction, costs of production, capital
expenditures, the costs and timing of the development of new deposits, the availability of a suff icient supply of water and
other materials, require ments 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 failure s of plants, equipment or processes to operate as anticipated, accidents, labour
disputes and other risks of the mining i ndustry, delays in obtaining governmental and regulatory approvals (including of the
TSX Venture Exchange), permits or financing or in the comp letion of development or constr uction activities, changes in
laws, regulations and policies affecting mining operations, hedgi ng 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 th e 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 reasonabl e, forward-looking statements are not guarantees of future performance and
accordingly undue reliance should not be put on such statem ents 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 gu idelines strictly prohibit info rmation of this type in docume nts filed with
the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on ou r properties.
This news release may contain forward-looking statements in cluding but not limited to comment s regarding the timing and content of
upcoming work programs, geologic al interpretations, receipt of property titles, potential mineral recovery processes, etc. Forw ard-looking
statements address future events and conditions and therefore in volve inherent risks and uncertainties. Actual results may diff er materially
from those currently anticipated in such statements.
2018 number 16