Kootenay Resources Reports Magnetotelluric Survey Results on Moyie Anticline Project in
Kootenay Resources Reports Magnetotelluric
Survey Results on Moyie Anticline Project in
British Columbia, Canada
VANCOUVER, BC
,
Aug. 9, 2022
/CNW/
- Kootenay Resources Inc. (the "Company"
or "Kootenay")
reports on the results of the magnetotelluric (MT) survey on its Moyie Anticline
Project in southeastern B.C. as part of its program to discover a
Tier One deposit
.
The program was very successful in identifying numerous deep conductive 'feeder' zones within
which are at least 29 individual strong conductors. Seven of the strongest anomalies are of a size
and conductive strength thought to be comparable with that of a large sulfide deposit similar to the
expected magnitude of the famous Sullivan Mine.
Figure
1a and
1b
, and Figures
2a and
2b
show several high priority anomalies, seen as low-
resistivity responses extending from depth to the near surface. The figures labeled B show the deep
conductive feeders coming from more than 20km of depth while the figures labeled A are near-
surface, individual conductive zones of size and strength similar to those of a Sullivan-like deposit.
Figure 3
is a plan map showing the locations of the MT anomalies.
Subject to financing, the Company plans to conduct further MT surveying around the stronger and
larger anomalies to establish 3D imaging for drill targeting. The resulting targets will be evaluated
against Kootenay's existing database of geological and geochemical information and ranked in order
of priority based upon features indicative of Sullivan-style mineralization. Features considered
important in the region include local stratigraphy, structure, alteration and geochemical signature.
The Company expects to commence drill testing of high priority targets in 2023.
Background
The Moyie Anticline region of the Purcell basin has long been considered prospective for the
discovery of base metal deposits similar in style to the world-famous Sullivan deposit, Kimberley,
BC. In the fall of 2021, Kootenay commissioned a survey comprising, eighty-six MT stations
dispersed across the Moyie Anticline Project area and readings were taken over a period of three to
four weeks.
The survey was designed as a first-pass test of the large prospective land package for deep-seated
(greater than 5 km depth) conductive 'feeder' zones that originate at great depths (> 10km) and
continue to shallow depths or even to the surface. In
Australia
this application of MT surveying has
lead to the understanding that detectable, crustal-scale conductive feeder-like zones can host
significant ore deposits such as the super-giant polymetallic Olympic Dam Deposit.
This method is proving increasingly useful in mineral exploration by allowing the evaluation of large
areas of prospective ground for crustal-scale features that may indicate the presence of hidden ore
bodies. Once prospective zones are identified, follow up work including more tightly spaced surveys
are expected to increase the resolution to allow for effective drill targeting.
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
. The Company was formed as a spin-out of Kootenay Silver Inc. (TSXV:
KTN) in which prospective Canadian assets were transferred to Kootenay Resources Inc. The
transaction was completed in October of 2021, Kootenay Silver Inc. currently holds ~3.2 million
common shares of Kootenay Resources Inc.
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 8, 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 09-AUG-22