VANCOUVER, BC, May 25, 2021 /CNW/ - Kootenay Silver Inc.
(TSXV: KTN) (the "Company" or "Kootenay") is pleased to
announce additional high-grade silver results from the Company's
5,000 meter core drill program currently underway at its Columba
silver project (the "Property") located in Chihuahua State,
Mexico.
James McDonald, President
& CEO reports, "CDH-21-94 and 96 continue to hit consistent
and high-grade results in the F Vein and are particularly
important. They encountered excellent grades to 985 gpt and 425 gpt
silver, respectively, within wide zones of high and moderate grades
in a large area of the vein with no previous drilling."
Augmenting the high-grade, in some areas, are thick zones of
mineralization coming into the high-grade such as hole CDH-21-96
where over 30 meters of continuous mineralization averaged 86 gpt
silver. A number of other areas within the F Vein show similar
thick intervals coming into the high-grade such as holes CDH-20-41
(39.9 meters of 159 gpt silver), CDH-20-47 (15.65 meters
of 166 gpt silver), CDH-20-51 (36 meters of 72 gpt
silver), CDH-20-52 (42.43 meters of 61 gpt silver),
CDH-20-53 (34 meters of 116 gpt silver) and CDH-21-89
(70.5 meters of 112 gpt silver). These thick zones of silver
mineralization preceding the high grade have the potential to add
significantly to the amount of silver within the F Vein.
Drill Highlights - Holes CDH-21-091 to 096:
CDH-21-091
- 271 gpt silver over 0.85 meters within 189 gpt silver
over 1.55 meters in the F Vein
CDH-21-092
- 368 gpt silver over 0.94 meters within 217 gpt silver
over 2.44 meters in the Hanging-wall structure
- 439 gpt silver over 1.14 meters within 321 gpt silver
over 2.94 meters in in the F Vein
- 255 gpt silver over 2.9 meters within 130 gpt silver
over 8.0 meters in the Footwall
- Hit 3 different Vein sets in the Hanging-Wall Vein, F Vein
and a Footwall Vein.
CDH-21-094
- 985 gpt silver over 1.5 meters and 809 gpt silver
over 2.63 meters within 354 gpt silver over 9 meters in
the F Vein
- CDH-21-94 tested an area about 200 meters from the old shaft in
a large undrilled segment.
CDH-21-096
- 425 gpt silver over 2.37 meters within 230 gpt silver
over 9 meters and 86 gpt silver over 30 meters in the F
Vein System.
- Hole CDH-21-096 is about 50 meters along strike and 30 meters
deeper than CDH-21-94 and also tested a large area with no
drilling.
- CDH-21-95 hit a fault and thus missed the F Vein.
Click the following links to view: Plan Map, Long Section and Cross Sections for holes
CDH-21-091 to CDH-21-096.
Detailed Drill Results – Holes CDH-21-091 to
CDH-21-096
Detailed results for all drill holes completed to date at the
Columba high grade silver project can be viewed by clicking the
following link: Columba Drill Results
Drill Results Table
Hole
ID
|
From
(meters)
|
To
(meters)
|
Interval
(meters)
|
Silver
(gpt)
|
Pb
(%)
|
Zn
(%)
|
Geologic
Intersection
|
CDH-21-091
|
50.15
|
51.7
|
1.55
|
189
|
0.07
|
0.21
|
F Vein
|
Includes
|
50.15
|
51
|
0.85
|
271
|
0.093
|
0.28
|
F Vein
|
|
62
|
63
|
1
|
104
|
0.03
|
0.08
|
Footwall
Vein
|
CDH-21-092
|
25.56
|
28
|
2.44
|
217
|
0.08
|
0.14
|
Hanging-Wall
Vein
|
Includes
|
25.56
|
26.5
|
0.94
|
368
|
0.15
|
0.17
|
|
74.7
|
77.64
|
2.94
|
321
|
0.22
|
0.57
|
F Vein
|
Includes
|
75.7
|
77.64
|
1.94
|
428
|
0.3
|
0.73
|
Includes
|
75.7
|
76.5
|
0.8
|
413
|
0.3
|
0.57
|
Includes
|
76.5
|
77.64
|
1.14
|
439
|
0.29
|
0.84
|
|
145
|
153
|
8.0
|
130
|
0.07
|
0.24
|
Footwall
system
|
Includes
|
145
|
147.9
|
2.9
|
265
|
0.15
|
0.54
|
|
Includes
|
146.4
|
147.9
|
1.5
|
339
|
0.2
|
0.77
|
|
CDH-21-093
|
118.95
|
123.75
|
Hit old
workings
|
Mine Stope
|
CDH-21-094
|
90.95
|
92.9
|
1.95
|
104
|
0.1
|
0.15
|
Hanging-Wall
Vein
|
|
175
|
184
|
9.0
|
354
|
0.11
|
0.36
|
F Vein
|
Includes
|
175
|
181
|
6.0
|
481
|
0.153
|
0.35
|
Includes
|
176.9
|
179.53
|
2.63
|
809
|
0.3
|
0.45
|
Includes
|
176.9
|
178.4
|
1.5
|
985
|
0.47
|
0.5
|
Includes
|
178.4
|
179.53
|
1.13
|
576
|
0.06
|
0.4
|
CDH-21-095
|
38.65
|
39.09
|
0.44
|
218
|
-
|
0.1
|
Hanging-Wall
Vein
|
CDH-21-096
|
182
|
212
|
30.0
|
86
|
-
|
0.04
|
F Vein
|
Includes
|
182
|
196
|
14.0
|
164
|
-
|
0.07
|
Includes
|
186
|
195
|
9.0
|
230
|
-
|
0.11
|
Includes
|
186
|
187
|
1.0
|
194
|
-
|
0.06
|
Includes
|
187
|
189.37
|
2.37
|
425
|
-
|
0.23
|
Notes: All widths
are drilled widths. At this time, it is estimated true widths will
range from 55 to 94% of drilled widths depending on dip of the vein
and inclination of the hole. All silver composites rounded to the
nearest whole number.
|
Drilling continues at Columba within the JZ Vein area, located
700 meters east of the F Vein. Previous drilling in this
region confirmed the discovery of a broad zone of high grade
hydrothermal breccias that encompasses a low to medium grade quartz
stockwork system at the J-Z Zone. Results in the JZ Area are
highlighted by 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 meters, and 1,160 gpt silver
over 1 meter all within 229 gpt silver over 22 meters).
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.
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.
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
May 24, 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.