VANCOUVER, BC, Feb. 23, 2021 /CNW/ - Kootenay Silver Inc.
(TSXV: KTN) (the "Company" or "Kootenay") with joint
venture partner Aztec Minerals Corp. have begun the 2021
exploration program (the "Program") on the Cervantes Porphyry
Gold-Copper Property in Sonora,
Mexico. This is following the recent approval of the Program
by the overseeing Management Committee comprised of representatives
from Aztec Minerals Corp. (65%) and Kootenay Silver Inc. (35%).
As Operator of the Cervantes Joint Venture, Aztec has mobilized
a field crew to conduct a +500 soil sample program aimed at
extending previous soil grids and covering targets with limited
historic exploration. The soil sample grid will cover 518 hectares
(5.18 square kilometers) with 100 by 100 meter spaced samples to
extend coverage over the Estrella and California North targets to
the western, northern, and eastern limits of the property. The
existing soil sample database of over 1,100 samples covers the
California, Purisima East, Purisima
West, Jasper, and Jacobo targets. Detailed lithologic,
alteration, structural mapping and rock chip sampling will proceed
along with the soil sampling program. Previous core drilling by
Aztec Minerals completed in 2018 at Cervantes is highlighted by a near surface
intercept within the California Zone, returning a 160 meter
interval grading 0.77 gpt gold, 0.13% copper and 3.4 gpt
silver. View: Cervantes Proposed Phase 1 Sampling and Mapping
Cervantes is a highly
prospective porphyry gold-copper property located in southeastern
Sonora state, Mexico. The project is situated 160 km east
of Hermosillo, Sonora, Mexico
within the prolific Laramide porphyry copper belt; approximately
265 km southeast of the Cananea
porphyry copper-molybdenum mine (Grupo Mexico).
Cervantes also lies along an
east-west trending gold belt 60 km west of the Mulatos epithermal
gold mine (Alamos Gold), 45 km west of the La India mine (Agnico
Eagle), and 40 km northwest of Santana gold deposit (Minera Alamos). View: Cervantes Project
All sampling will be conducted with strict QA/QC controls,
standards and blanks. Samples will be delivered directly to Bureau
Veritas Minerals in Hermosillo for
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
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 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 junior 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 its priority silver projects located in the states
of Sonora, Sinaloa and Chihuahua, Mexico, respectively.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
The information in this news release has been prepared as at
February 22, 2021. 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
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.
This press release uses the terms "Measured", "Indicated",
and "Inferred" resources. United
States investors are advised that while such terms are
recognized and required by Canadian regulations, the United States
Securities and Exchange Commission does not recognize them.
"Inferred Mineral Resources" have a great amount of uncertainty as
to their existence, and as to their economic and legal feasibility.
It cannot be assumed that all or any part of an Inferred Mineral
Resource will ever be upgraded to a higher category. Under Canadian
rules, estimates of Inferred Mineral Resources may not form the
basis of feasibility or other economic studies. United States investors are cautioned not to
assume that all or any part of Measured or Indicated Mineral
Resources will ever be converted into Mineral Reserves.
United States investors are also
cautioned not to assume that all or any part of a Mineral Resource
is economically or legally mineable.
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SOURCE Kootenay Silver Inc.