Kootenay Expands Claims at Mystery Project, 50km South of Houston, Central British Columbia Mystery project totals 12,193 hectares in Shelford Hills area of Central B.C. New Claims expand on prospective ground already held by Kootenay
Kootenay Expands Claims at Mystery Project,
50km South of Houston, Central British
Columbia
Mystery project totals 12,193 hectares in Shelford Hills area of Central B.C.
New Claims expand on prospective ground already held by Kootenay
Historical and current exploration support the potential for Mystery to host a
Blackwater-style epithermal system.
VANCOUVER, BC
,
Aug. 3, 2022
/CNW/ -
Kootenay Resources Inc. (the "Company"
or "Kootenay")
is pleased to announce the staking of additional mineral claims at the Mystery
Project, located 50 kilometres south of
Houston B.C.
in the northern Nechako plateau region of
Central British Columbia
. The new mineral concessions were staked in response to recent
prospecting activities targeting the region's potential for a Blackwater-style epithermal system and
increase Mystery's surface area to 12,193 hectares in 14 mineral claims. The Mystery project adds
to an impressive portfolio of grass-roots exploration properties in the region already held by
Kootenay.
The Nechako plateau is an underexplored yet highly prospective region, specifically targeted by the
Company's generative program since 2014. Work to date has produced several high-quality grass-
roots discoveries. The most advanced property is the "Two Times Fred", a large, low-sulphidation
gold-silver vein system under option to a Centerra Gold Inc. subsidiary ("Centerra"). (see News
release dated
May 30, 2021
).
Kootenay's crews continue to prospect and sample Mystery as part of a larger campaign to
advance the Company's portfolio of Nechako properties during the 2022 exploration field season.
Mystery Project
Situated in the Shelford Hills area south of
Houston B.C.
, the Company considers the project
prospective for a Blackwater style epithermal system or a transitional porphyry/epithermal system
similar to that of the historical Equity Silver Mine. The project is underlain largely by Cretaceous
aged Kasalka Group volcanic rocks. Local granodiorite to monzonite intrusions and younger volcanic
units are also recognized. The property was first identified during the 1960s by regional stream
sediment program which yielded silver and zinc anomalies in the area now referred to as Mystery.
Subsequent years saw sporadic exploration targeting either porphyry copper or intermediate to low-
sulphidation epithermal mineralization. In additional to extensive alteration zones and geochemical
anomalies, historical geophysics returned both interesting magnetic anomalies and I.P. chargeability
anomalies worthy of follow up.
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 Resources Inc.
KSR is an exploration company actively engaged in the exploration and discovery mineral projects
in
British Columbia, Canada
.
On behalf of the board of directors of the
Company
:
James McDonald,
Director
No Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
The information in this news release has been prepared as at
August 2, 2022
. 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.
SOURCE
Kootenay Resources Inc.
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For further information:
James McDonald, Director at 403-880-6016; Raj Kang, Director at 604-
601-5650
CO: Kootenay Resources Inc.
CNW 09:00e 03-AUG-22