Kootenay Resources Provides Update on Two Times Fred Gold-Silver Property, located in the Nechako Plateau Region within the Northern Interior of British Columbia
Kootenay Resources Provides Update on Two
Times Fred Gold-Silver Property, located in
the Nechako Plateau Region within the
Northern Interior of British Columbia
VANCOUVER, BC
,
March 27, 2025
/CNW/ -
Kootenay Resources Inc.
(TSXV:
KTRI)
(the "Company" or "KTRI")
is reviewing over
$4.3 million dollars
of work conducted on Two
Times Fred (the "Property") while it was under option to Centerra Gold (KB) Inc. from 2020 to 2023.
Although the option agreement was terminated in late 2023, KTRI's current compilation of all data to
date suggests that significant potential has been uncovered. As a result, the Company is planning
additional work for the Property.
The work currently under review by KTRI, outlined below, has led to the discovery of a new vein
district in the Nechako Plateau with the following highlights:
Low sulfidation vein system
3.0 kilometers by 1.0 + kilometers in extent
Open along strike and depth
All veins encountered are anomalous in gold over the 3 by 1 kilometer area
Multiple veins with four drilled at wide spacing
Blind veins discovered in drilling
90% of holes intercepted anomalous gold and to a lesser extent silver in veins.
Highs to 12.8 gpt gold and 170 gpt silver
Individual veins traced for 1.3 kilometers and open along strike
All veins drill tested open at depth and along strike
Drill density is very low leaving lots of potential
More blind veins likely
Work to date on the Property includes:
9,956 meters of core drilling in 41 holes
965 meters of reverse circulation drilling in 6 holes
64.5 line kilometers of Induced Polarization
71.3 line kilometers of Controlled Source Audio Magneto Tellurics (CSAMT)
96.5 line kilometers of VLF-EM
2,317 line kilometers of magnetics and Mobile MT
Lidar survey
18 trenches with 244 channel samples
KTRI's CEO
James McDonald
stated "
We are extremely pleased with the progress made by our
previous partners at Two Times Fred and thank them for their professional work. Incredibly all
veins contain anomalous gold and remain open along strike and to depth. Despite the fact over 40
holes have been drilled, the drill density remains very low as there are so many veins over an
extensive area. All the veins drilled require follow up drilling. And at the same time the potential for
the discovery of new veins is very high. We look forward to sharing updates on the exploration
work conducted by Centerra Gold once our ongoing review is complete.
"
The company is in the process of a data review and compilation of extensive work done by KTRI
and former option partner Centerra Gold (KB) Inc.who expended over
$4.3 million
Canadian from
2020 to 2023.
About the Two Times Fred Property
The property hosts a newly discovered and recognized vein district with excellent potential for gold-
silver deposits. Gold and silver mineralization occur in quartz veins in Eocene aged volcanic rocks of
the Endako Group of basalts. Petrographic and mapping work indicates surface exposure is at the
top of the epithermal system as evidenced by outcropping scinter and other indicative textures. This
leaves the entire vein system intact for exploration.
Background
Kootenay Resources Inc's stated mission is the discovery a Tier One deposit and as such KTRI
focuses on those areas with demonstrated geologic potential for such deposits. The company is
exploring its flagship Moyie Anticline property in southern
British Columbia
and on its generative
program including several promising gold-silver-copper properties in the Nechako plateau of central
British Columbia. Kootenay Resources Inc. welcomes partners for exploration projects and currently
has one mineral property under option to Centerra Gold (KB) Inc. and three projects under option to
fellow junior exploration company Rokmaster Resources Corp.
Qualified Persons
The KTRI 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 KTRI by Dale Brittliffe, P.Geo, V.P.
Exploration for KTRI, a Qualified Person.
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.
About Kootenay Resources Inc.
KTRI is an exploration company actively engaged in the exploration and discovery mineral projects
in
British Columbia, Canada
. The Company was formed as a spin-out of Kootenay Silver Inc in
which prospective Canadian assets were transferred to Kootenay Resources Inc. The transaction
was completed in October of 2021, Kootenay Silver currently holds 5.4 million common shares of
KTRI.
On behalf of the board of directors of the
Company
:
James McDonald
,
Director
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
The information in this news release has been prepared as at
March 26, 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 KTRI 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, KTRI expressly disclaims any obligation or undertaking to release publicly any
updates or revisions to any such statements to reflect any change in KTRI'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:
For additional information, please contact: James McDonald, Director at
403-880-6016; Raj Kang, Director at 604-601-5650
CO: Kootenay Resources Inc.
CNW 07:15e 27-MAR-25