VANCOUVER, BC, April 15, 2021 /CNW/ - Kootenay Silver
Inc. (TSXV: KTN) (the "Company" or
"Kootenay") is pleased to report drilling is progressing
well at the Columba silver project, located in Chihuahua State,
Mexico. The Company has completed
12 core drill holes totaling over 1,800 meters, testing the F Vein
as part of the 5,000-meter drill program. Results will be
announced when received and compiled, although assay turnaround
time is currently much longer than normally experienced due to
laboratory delays.
Highlights of previous drilling along the F Vein and
hanging-wall system include holes CDH-19-041 (650 gpt silver
over 7.45 meters within a wider interval of 159 gpt silver
over 39.9 meters) and CDH-20-051 (865 gpt silver over 2
meters within a wider interval of 317 gpt silver over 6
meters in a hanging-wall vein adjacent to the F
Vein.).
The Company also reports that the drill rig is now testing an
area east of the J-Z Zone where mapping in 2020 indicated the down
faulted extension of northeast trending veins of the J-Z Zone may
occur. This area, referred to as the East Block, is approximately
1,000 meters to the east of the F Vein. Previous drill highlights
in the J-Z Zone include such intercepts found in hole CDH 20-030
(415 gpt silver over 11.15 meters including 721 gpt
silver over 4.07 meters) and hole CDH 20-060 (132 gpt silver
over 64 meters including 361 gpt silver over 11 meters
including 608 gpt silver over 5.0 meters, and 1,160 gpt silver over
1.0 meters all within 229 gpt silver over 22
meters).
About the Columba Property
Columba is a past producing high-grade silver mine, which
operated on a small scale circa 1910 and again briefly circa
1958-60. The Property covers a large high-grade epithermal
vein system which the Kootenay has mapped over strike lengths from
200 meters to up to 2 kilometers and sampled with grades returning
up to 693 gpt silver on surface and exceeding 2,000 gpt in
drilling. The Project area includes a network of underground
workings comprised of 4 shafts and 6 levels of drifts reported to
measure over 1,000 meters in length.
Sampling and QA/QC at Columba
All technical information for the Columba exploration program is
obtained and reported under a formal quality assurance and quality
control ("QA/QC") program. Samples are taken from core cut in half
with a diamond saw under the direction of qualified geologists and
engineers. Samples are then labeled, placed in plastic bags, sealed
and with interval and sample numbers recorded. Samples are
delivered by the Company to ALS Minerals ("ALS") in Chihuahua. 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. All drilling
reported is HQ core and has been contracted to Globexplore Drilling
from Hermosillo, Mexico.
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.
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
April 14, 2021. 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 Columba 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.
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SOURCE Kootenay Silver Inc.