Kootenay Silver Reports Sampling Results of 36.0 gpt Gold at Malé Gold Project, Sonora State Mexico
Kootenay Silver Reports Sampling Results of
36.0 gpt Gold at Malé Gold Project, Sonora
State Mexico
VANCOUVER
,
Sept. 6, 2018
/CNW/ -
Kootenay Silver Inc. (TSXV: KTN) (the "Company" or
"Kootenay")
is pleased to announce that additional high-grade gold sampling results have been
received on its 100% owned Malé gold project ("Malé" or "Property"), located approximately 100
kilometers south east of the city of
Hermosillo
in the
state of Sonora
, Mexico.
Recent sampling by Kootenay at Malé continues to return anomalous gold mineralization from old
pits and hand-dug small trenches found on surface. Thirty-three samples taken during the past
month returned
gold values ranging from 0.05 to 36.0 gpt with nineteen (19) samples
producing values of greater than 1.0 gpt gold. Highlights from the latest sampling program
include gold assays of 36.0, 25.5, 24.7 17.0 and 12.10 gpt.
These results compare favorably
with previous sampling announced on
August 15, 2018
(
See news release KTN 18-17
) where 36%
of
426 samples taken by Kootenay returned gold values greater than 1.0 g/t with thirty (30)
samples with gold values greater than 10 g/t.
Samples taken to date are predominately
selective grab samples. See table below for the results of the 33 samples.
Click this link to view maps
.
The Malé gold project is a granitic-hosted gold dominant polymetallic vein and vein stockwork
system covering an area of 1500 x 1500 meters with numerous showings highly anomalous in gold
that have significant potential for both high grade vein as well as well as bulk tonnage stockwork
deposits. Mineralization occurs as narrow veins, veinlets and stockworks of quartz with or without
sulphides within structures projecting in a dominant northeast trend and a secondary northwest
trend. Visible gold is noted in four areas of the Property and individual veins can be traced for over
200 meters of strike length. Despite the project area being an old bed-rock placer working operated
by gambusinos some 50-70 years ago, there is little modern exploration and no evidence of previous
drilling.
The objective of the work is to define specific areas for follow up trenching and drilling. The
Company will then seek an option partner to advance the project.
Malé Gold Project - Sampling Highlights
Sample
Number
Sample
Type
Gold
gpt
Silver
gpt
Copper
(%)
Lead
(%)
Zinc
RT-550
Grab
0.98
2.00
0.13
0.09
0.22
RT-551
Grab
0.48
17.00
0.06
0.73
0.30
RT-552
Grab
0.73
27.00
0.13
0.69
0.33
RT-553
Grab
6.44
10.00
0.13
0.85
2.67
RT-554
Grab
4.20
6.00
0.01
0.10
0.02
RT-555
Grab
0.71
<1
0.01
0.02
0.03
RT-556
Grab
0.20
<1
0.00
0.05
0.05
RT-557
Grab
0.08
2.00
0.01
0.10
0.03
RT-558
Grab
6.22
5.00
0.01
0.11
0.03
RT-559
Grab
2.97
7.00
0.01
0.11
0.09
RT-560
Grab
5.71
10.00
0.05
0.46
0.33
RT-561
Grab
2.24
35.00
0.15
0.79
1.10
RT-562
Grab
0.23
7.00
0.11
0.33
0.13
LM-2582
Grab
0.32
3.00
0.02
0.13
0.02
LM-2583
Grab
1.49
25.00
0.07
0.52
0.09
LM-2584
Grab
0.08
1.00
0.01
0.09
0.10
LM-2585
Grab
8.50
6.00
0.00
0.26
0.14
LM-2586
Grab
3.11
9.00
0.04
0.31
0.13
FC-2494
Grab
4.91
3.00
0.03
0.11
0.71
FC-2495
Grab
0.52
6.00
0.02
0.35
0.08
FC-2496
Grab
0.05
3.00
0.12
0.02
0.04
FC-2497
Grab
0.39
4.00
0.02
0.32
0.22
FC-2498
Grab
2.52
4.00
0.18
0.55
0.08
FC-2499
Grab
25.50
33.00
0.11
0.99
0.32
FC-2500
Grab
0.19
1.00
0.02
0.20
0.05
FC-2501
Grab
0.27
<1
0.05
0.01
0.01
FC-2502
Grab
0.16
1.00
0.02
0.07
0.01
FC-2503
Grab
0.57
2.00
0.25
0.05
0.02
FC-2504
Grab
12.10
26.00
0.08
0.55
0.04
FC-2505
Grab
8.35
6.00
0.03
0.34
0.08
FC-2506
Grab
0.73
<1
0.01
0.02
0.02
FC-2507
Grab
0.16
1.00
0.01
0.19
0.05
FC-2508
Grab
9.60
5.00
0.02
0.07
0.02
FC-2509
Grab
17.00
24.00
0.11
0.34
0.04
FC-2510
Grab
2.40
7.00
0.69
0.33
0.02
FC-2511
Grab
36.00
99.00
0.17
1.19
0.21
FC-2512
Grab
24.70
17.00
0.09
0.36
0.10
Sampling and QA/QC
Surface samples reported herein are a combination of grab, chip and panel chip. All technical
information for the Male 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 projects 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 5, 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 Male 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 with multimedia:
http://www.newswire.ca/en/releases/archive/September2018/06/c4094.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 06-SEP-18