Highlights Include: 453 gpt Silver over 29.9
Meters including 650 gpt Silver over
17.8 Meters and 932
gpt Silver over 6 Meters
VANCOUVER, BC, Nov. 3, 2021 /CNW/ - Kootenay Silver
Inc. (TSXV: KTN) (the "Company" or "Kootenay") is
pleased to announce multiple high-grade drill results from three
holes intercepting the D Vein located on the Columba High-Grade
Silver Project in Chihuahua State, Mexico.
The D Vein is situated approximately 600 meters southwest from
the F Vein where most of the historic production has taken place on
the property. Results from the recent drill holes
intercepting the D Vein include a high-grade silver intercept
grading 13,545 gram-meters in hole CDH-21-110. Gram-meters
are defined as grams per tonne multiplied by meters drilled (459
gpt silver times 29.9 meters). This is the second highest intercept
to date. CDH-21-103 returned the high of 14,652 gram-meters (333
gpt silver times 44 meters).
Drill Highlights from holes CDH-21-108 to CDH-21-110 are
as follows:
BDH 21-110:
- 453 gpt silver over 29.9 meters; including
- 650 gpt silver over 17.8 meters; including
- 932 gpt silver over 6 meters
- Intercept includes a high of 1,915 gpt silver over 0.85
meters
BDH 21-109:
- 193 gpt silver over 14.56 meters; including
- 294 gpt silver over 7.11 meters; including
- 476 gpt silver over 2.31 meters
- Intercept includes a high of 592 gpt silver over 0.75
meters
BDH 21-108:
- 98 gpt silver over 77 meters; including
- 328 gpt silver over 11 meters; including
- 504 gpt silver over 5.9 meters
- Intercept includes a high of 1,100 gpt silver over 1.0
meter
- All hosted in wide mineralized zone averaging 57 gpt silver
over 166 meters
Click to view plan map and cross sections.
These three holes were completed to follow-up on previous drill
results which demonstrated high-grade silver potential within the D
Vein. Earlier holes drilled along the D Vein included hole
CDH-20-079 returning 525 gpt silver over 1.58 meters within 5.35
meters of 290 gpt silver and hole CDH-19-022 returning 373 gpt
silver over 1.5 meters within 6.25 meters of 244 gpt silver. Drill
hole CDH-21-110 happens to be the second richest intercept at
Columba to date on a gram per meters basis. It is also the
deepest drill test on the D Vein to date hitting the vein at about
a 1650-meter elevation. Higher silver grades have been
typically intercepted at and below this elevation across many of
the veins at Columba and these recent results continue to confirm
the Company's general exploration model.
The Columba veins are exposed at the very top of epithermal
level and as such management believes what is exposed at surface is
only a very small part of whatever was deposited. The D Vein is a
good example as values at surface averaged about 100 gpt silver
over narrow intervals yet 150 meters vertically below is an
intercept of 453 gpt silver over 29.9 meters.
Surface mapping has traced the D Vein at surface for at least
500 meters and aerial images indicate it continues beyond that.
Drilling has scarcely tested only 180 meters of strike length.
Kootenay President and CEO, James
McDonald states, "These results demonstrate
excellent potential for the definition and development of
high-grade resources at Columba. The D Vein now represents another
area with multiple high-grade intercepts which increases the
probability that Columba hosts a viable high grade silver
resource."
Gustavo Gallego, Kootenay's
Chief Geologic Engineer adds, "These results at the D vein
encourage us to propose more drilling to define a high-grade silver
resource in the near future. We are confident that we will continue
to find high-grade silver and thus confirm the interpretations we
have developed from our surface mapping program."
Detailed Drill Results – CDH-21-108 to
CDH-21-110
Hole
ID
|
From
(meters)
|
To
(meters)
|
Interval
(meters)
|
Silver
(gpt)
|
Pb
(%)
|
Zn
(%)
|
Geologic
Intersection
|
CDH-21-108
|
177
|
343
|
166
|
57
|
0.02
|
0.116
|
Rhyolite with tiny
quartz stockwork & Quartz -barite veins &
veinlets
|
Includes
|
195
|
272
|
77
|
98
|
0.03
|
0.14
|
Includes
|
213
|
224
|
11
|
328
|
0.12
|
0.5
|
Includes
|
218.1
|
224
|
5.9
|
504
|
0.16
|
0.75
|
Quartz-Barite
manganese vein "D vein"
|
Includes
|
218.1
|
220
|
1.9
|
519
|
0.094
|
0.85
|
Includes
|
220
|
221
|
1
|
1,100
|
0.536
|
2.04
|
Includes
|
221
|
222.5
|
1.5
|
400
|
0.093
|
0.29
|
Includes
|
222.5
|
223
|
0.5
|
331
|
0.07
|
0.2
|
Includes
|
223
|
224
|
1
|
124
|
0.057
|
0.24
|
Rhyolite with tiny
quartz stockwork & Quartz -barite veins &
veinlets
|
Includes
|
316
|
317
|
1
|
273
|
0.199
|
0.61
|
Rhyolite with tiny
quartz stockwork
|
CDH-21-109
|
146
|
177
|
31
|
100
|
0.04
|
0.14
|
Rhyolite with tiny
quartz stockwork & Quartz -barite veins &
veinlets
|
Includes
|
148.44
|
163
|
14.56
|
193
|
0.08
|
0.25
|
Includes
|
148.44
|
155.55
|
7.11
|
294
|
0.14
|
0.4
|
Quartz-Barite
manganese vein "D vein
|
Includes
|
148.44
|
150.19
|
1.75
|
226
|
0.159
|
0.24
|
Includes
|
150.19
|
152.5
|
2.31
|
476
|
0.21
|
0.75
|
Includes
|
150.19
|
150.95
|
0.76
|
525
|
0.245
|
0.78
|
Includes
|
150.95
|
151.75
|
0.8
|
323
|
0.167
|
0.49
|
Includes
|
151.75
|
152.5
|
0.75
|
592
|
0.222
|
0.99
|
Includes
|
152.5
|
153.45
|
0.95
|
197
|
0.089
|
0.19
|
Includes
|
153.45
|
154.12
|
0.67
|
167
|
0.048
|
0.13
|
Includes
|
154.12
|
155.55
|
1
|
206
|
0.103
|
0.33
|
CDH-21-110
|
151
|
206
|
55
|
269
|
0.33
|
0.81
|
Rhyolite with tiny
quartz stockwork & Quartz -barite veins &
veinlets
|
Includes
|
176.1
|
206
|
29.9
|
453
|
0.6
|
1.43
|
Quartz-Barite
manganese vein "D vein"
|
Includes
|
178.2
|
196
|
17.8
|
650
|
0.9
|
2.28
|
|
Includes
|
178.2
|
179.61
|
1.41
|
557
|
0.137
|
0.26
|
|
Includes
|
179.61
|
179.95
|
0.34
|
633
|
0.274
|
1.51
|
|
Includes
|
179.95
|
181.17
|
1.22
|
509
|
0.43
|
1.79
|
|
Includes
|
181.17
|
182
|
0.83
|
1,915
|
0.451
|
3.51
|
|
Includes
|
182
|
184.5
|
2.5
|
641
|
0.507
|
0.59
|
|
Includes
|
186
|
187
|
1
|
101
|
0.202
|
0.14
|
|
Includes
|
187
|
187.93
|
0.93
|
130
|
0.077
|
0.12
|
|
Includes
|
187.93
|
189
|
1
|
604
|
0.299
|
1.55
|
|
Includes
|
189
|
190
|
1
|
520
|
1.415
|
3.68
|
|
Includes
|
190
|
191
|
1
|
885
|
1.92
|
7.11
|
|
Includes
|
191
|
192
|
1
|
1,565
|
3.06
|
8.86
|
|
Includes
|
192
|
193
|
1
|
1,360
|
5.43
|
8.96
|
|
Includes
|
193
|
194
|
1
|
685
|
0.775
|
1.99
|
|
Includes
|
194
|
195
|
1
|
362
|
0.13
|
0.19
|
|
Includes
|
195
|
196
|
1
|
382
|
0.188
|
0.22
|
|
Includes
|
201.3
|
201.85
|
1
|
1,765
|
1.22
|
1.5
|
|
Notes: Notes: All
widths are drilled widths. At this time the true widths are
estimated to be between 45 and 60% of drilled widths for these
holes. Additional drilling could change this interpretation. 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
November 2, 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.