2,035 gpt silver over 6 meters within wider
intervals of 805 gpt silver over 17 meters and
333 gpt silver over 44 meters featuring a project high 9,840 gpt
silver over 0.92 meters
VANCOUVER, BC, Oct. 6, 2021 /CNW/ - Kootenay Silver Inc.
(TSXV: KTN) (the "Company" or "Kootenay") is pleased to
announce results for 6 additional drill holes from the Columba
High-Grade Silver Project in Chihuahua State, Mexico. These holes, CDH-21-102 to CDH-21-107,
test across the J-Z trap zone some 700 meters east of the F
vein.
Importantly CDH-21-103 is the third hole that appears to be
defining a very high-grade mineralized body intersected now in 3
holes and defining a zone in drilling thus far in a 40 by 60 meter
east west orientation with at least 80 meters of dip extent. The
body appears to be pipe like in shape and plunge moderately to the
northeast and is open up and down dip.
This particularly high-grade zone of hydrothermal breccias and
stockwork in CDH-21-103 has now been hit in three holes as
follows.
Previously released:
Hole CDH-19-030
- 982 gpt silver over 1.9 meters within 721 gpt silver over
4.07 meters and 200 gpt silver over 25.85 meters and
Hole CDH-20-060
- 608 gpt silver over 5 meters within 361 gpt silver over 11
meters and 229 gpt silver over 22 meters
And from this release:
Hole CDH-21-103
- 2,035 gpt silver over 6 meters within 805 gpt silver over 17
meters and 333 gpt silver over 44 meters.
- A project high assay of 9,840 gpt silver over 0.92
meters.
3D model of Columba featuring the JZ Trap Zone and select
high-grade intercepts (Click to view)
Click to view plan map and cross sections (Holes CDH-21-103,
106, 107).
Kootenay President and CEO, James
McDonald states, "This is a very exciting hit in hole
103 being the best drill hole to date. It indicates the high grades
in holes 30 and 60 have continuity and show a vector in which to
follow and expand this very high-grade zone. This certainly
bolsters our confidence that the JZ area is another area on the
property where high grade resource may be put together."
Gustavo Gallego, Kootenay's
Chief Geological Engineer added "The hard work and
commitment of our technical team has led us to the discovery and
definition of the high-grade trap zone trend, we look forward to
phase 4 drilling to be able to extend this zone and continue
finding high silver grades at the same time that we discovered,
defined and expanded the different targets at Columba. We reiterate
our gratitude to our corporate office for allowing us to develop
and execute our hypotheses."
Also of importance is the intercept in CDH-21-106 of 316
gpt silver over 4 meters including 406 gpt
silver over 2 meters. This intercepted the O Vein some 300
meters along strike of hole CDH-21-101 which hit 459 gpt
silver over 1.6 meters with 1,190 gpt silver over
0.5 meters. These two holes appear to have both hit the O Vein
opening up another large area of strike potential. Hole CDH-21-107
likely hit O Vein with 111 gpt silver over 5.5 meters. Other holes
in the East Block are interpreted to have hit the structure too
high to encounter good silver grades.
The East Block has only been explored in the current phase 3
drill program. Results were released recently in the Company's
August 26, 2021 news release.
Exploring the area converging the J-Z Zone and East Block, the J-Z
Trap Zone, will further elucidate the continuity, strike length,
and existence of substantive high-grade mineralization.
Drill Highlights – Holes CDH-21-102 to CDH-21-107:
CDH-21-103
- 805 gpt silver over 17 meters within 333 gpt silver over
44 meters including:
- 2,035 gpt silver over 6 meters within 1,201 gpt
silver over 11 meters; and a high of
- 9,840 gpt silver over 0.92 meters
CDH-21-104
- 154 gpt silver over 2.45 meters within 100 gpt silver over 5
meters; and
- 168 gpt silver over 2.5 meters within 124 gpt silver over 4.12
meters; and
- 800 gpt silver over 1 meter
CDH-21-105
- 288 gpt silver over 2 meters within 174 gpt silver over 2.5
meters
CDH-21-106
- 417 gpt silver over 2 meters within 316 gpt silver over 4.0
meters; and
- 34 gpt silver over 21 meters
Detailed Drill Results – CDH-21-102 to
CDH-21-107
Hole
ID
|
From
(meters)
|
To
(meters)
|
Interval
(meters)
|
Silver
(gpt)
|
Pb
(%)
|
Zn
(%)
|
Geologic
Intersection
|
CDH-21-102
|
83.2
|
86.95
|
3.75
|
81
|
0.01
|
0.27
|
Quartz Barite
Vein
|
includes
|
83.2
|
84
|
0.8
|
163
|
0.02
|
0.062
|
|
91
|
92
|
1
|
94
|
0.01
|
0.05
|
Oxidized &
Silicified
Rhyolite
|
CDH-21-103
|
65.13
|
66
|
0.87
|
179
|
0.01
|
0.03
|
Quartz Barite
Vein
|
|
166
|
210
|
44
|
333
|
0.1
|
0.1
|
Hydrothermal
Breccia with
Rhyolite
|
Includes
|
179
|
196
|
17
|
805
|
0.21
|
0.137
|
and
|
183
|
194
|
11
|
1201
|
0.3
|
0.16
|
Hydrothermal
Breccia &
Quartz Barite
Vein
|
Includes
|
188
|
194
|
6
|
2035
|
0.5
|
0.19
|
and
|
188
|
189.52
|
1.52
|
933
|
0.099
|
0.258
|
Quartz barite
rhyolite host
|
and
|
189.52
|
191
|
1.48
|
657
|
0.128
|
0.161
|
Hydrothermal
Breccia
|
and
|
191
|
192.15
|
1.15
|
483
|
0.166
|
0.164
|
and
|
192.15
|
193.07
|
0.92
|
9,840
|
2.59
|
0.08
|
Quartz Barite
Vein
|
CDH-21-104
|
85
|
90
|
5
|
100
|
0.03
|
0.05
|
Quartz Barite
Vein
|
Includes
|
86
|
88.45
|
2.45
|
154
|
0.05
|
0.08
|
|
120.45
|
124.57
|
4.12
|
124
|
0.05
|
0.43
|
Includes
|
121
|
123.5
|
2.5
|
168
|
0.05
|
0.54
|
|
174.5
|
177.5
|
3
|
120
|
0.04
|
0.24
|
Rhyolite with
quartz
stockwork &
hydrothermal
breccia
|
|
185
|
186
|
1
|
802
|
0.34
|
0.29
|
Quartz Barite
Vein
|
CDH-21-105
|
121
|
123.5
|
2.5
|
174
|
0.33
|
0.43
|
JZ Trap
Zone -
Hydrothermal
Breccia
|
|
163
|
165
|
2
|
288
|
0.01
|
0.03
|
JZ Trap
Zone -
Rhyolite with
quartz breccia
|
|
243
|
245
|
2
|
111
|
0.03
|
0.08
|
JZ Trap
Zone -
Hydrothermal
Breccia
|
CDH-21-106
|
145
|
149
|
4
|
316
|
0.12
|
0.1
|
JZ Trap
Zone –
Rhyolite with
quartz
stockwork
|
and
|
147
|
149
|
2
|
417
|
0.17
|
0.12
|
|
184
|
205
|
21
|
34
|
0.02
|
0.1
|
CDH-21-107
|
24
|
29
|
5
|
40
|
0.03
|
0.02
|
JZ Trap
Zone –
Rhyolite Breccia
|
|
147.5
|
153
|
5.5
|
111
|
0.02
|
0.07
|
JZ Trap
Zone
|
Includes
|
150
|
151.5
|
1.5
|
200
|
0.019
|
0.05
|
|
|
|
|
|
|
|
Notes: Notes: All
widths are drilled widths. At this time the true width is not yet
known in this new area as more holes are needed. All silver
composites rounded to the nearest whole
number.
|
Further results from the 2021 - Phase 3 Drill Program will be
released as they are received and analysed by the Kootenay
team.
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, Sonora,
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 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 prolific
mining districts in Sonora, State
and Chihuahua, State, Mexico,
respectively.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS:
The information in this news release has been prepared as at
October 5, 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
based.
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.