VANCOUVER, BC, Dec. 2, 2021 /CNW/ - Kootenay Silver
Inc. (TSXV: KTN) (the "Company" or "Kootenay") is
pleased to announce results from the final drill holes of the 2021
program at the Copalito Silver-Gold Project in Sinaloa State,
Mexico.
These holes are reporting on the Agua, 5 Senores and Chiva
Veins. All veins continue to show excellent grades and grade
potential with intervals grading as high as 1,300 gpt silver, 21
gpt gold and 27% combined lead plus zinc as detailed below.
Drilling has shown veins encountered are consistently anomalous
in silver, gold, lead and zinc over 4 kilometers of strike in 6
different veins. We see several areas where grade and width show
potential for mineralized shoots and resource definition. All veins
are open to depth and a long strike with the majority of holes
testing less than a 75meter vertical depth. Geologic mapping shows
holes with no significant mineralization often hit fault zones off
setting veins resulting in the holes missing their target.
Copalito shows the potential for substantial resources given the
continuity of veins and mineralization. Drilling indicates
potential for very high grades in at least 4 of the veins. Next
steps will be focused on those areas, such as the 5 Senores and
Agua Veins, of high grade with good widths in search of those
dilational zones within the veins where mineralized shoots (bodies)
may occur. For example, from this release alone, 587.3 gpt silver,
0.819 gpt gold, 1.58% lead-zinc over 3 meters. and 5 meters of 9.3
gpt gold, 27.6 gpt silver and 0.57% lead-zinc within 23 meters of
125 gpt silver, 2.0 gpt gold and 0.95% lead-zinc. In addition,
several veins and strike extensions remain untested.
James McDonald, President and
CEO remarked "The large strike continuity of the veins and
mineralization indicate to us Copalito has good potential for the
discovery of a large resource. Also impressive are the high gold,
lead and zinc grades in numerous holes that add to this
potential."
Luis Moya, Chief Geologist,
states "With geologic mapping evidence was found that the
5 Señores vein extends 200 meters more to the SE. In some sectors
the mineralization extends outside veins in envelopes of stockwork
veinlets. With the drill holes mentioned we now see in the 5
Senores Vein continuity to 150 meters below the outcropping veins
and open to depth. Some drill holes cut high-grade zones below
previous holes where mineralization was not significant (section
BDH-20-06 & BDH-21-55), in addition to blind veins without
surface expression."
Drill Result Highlights from Holes BDH-21-051 to BDH-21-056 and
BDH-21-080 in the Agua and 5 Senores Veins (The following drill
highlights round to the nearest two decimal places and silver
equivalent is noted as "silver Eq."):
Copalito Plan Map Holes BDH-21-050 to BDH-21-081
Highlights from Agua Vein:
BDH-20-055
- 276 gpt silver Eq. over 23 meters (2 gpt gold, 125 gpt silver
and 0.92% lead plus zinc) including:
-
- 642.54 gpt silver Eq. (9.26 gpt gold, 27.6 gpt silver and 0.57%
lead plus zinc) over 5.00 meters including:
- 1408.51 gpt silver Eq. (21.1 gpt gold, 29 gpt silver and. 0.35%
lead plus zinc) over 0.65 meters and
- 676.03 gpt silver Eq. (587.3 gpt silver, 0.82 gpt gold and1.58%
lead plus zinc) over 3.00 meters
BDH-21-056
- 135.39 gpt silver Eq. over 21 meters (101 gpt silver, 0.22 gpt
gold and 0.86% lead plus zinc) including:
-
- 198.62 gpt silver Eq. (162.9 gpt silver, 0.28 gpt gold and
0.76% lead plus zinc) over 7 meters and 492 gpt silver Eq. over
1.50 meters.
CDH-21-80
- 422.78 gpt silver. Eq. over 0.43 meters (133 gpt silver, 0.69
gpt gold and 10.63% lead plus zinc) within 1.84 meters of 199.44
gpt silver Eq (63 gpt silver, 0.42 gpt gold and 4.75% lead plus
zinc).
Agua Vein Plan Map and Cross Sections
Highlights from Senores Vein:
BDH-20-051
- 289.62 gpt silver Eq. over 1.40 meters (2.95 gpt gold and 0.26%
lead plus zinc).
BDH-20-052
- 173.74 gpt silver Eq. over 0.48 meters (1.286 gpt gold and
3.37% lead plus zinc) within 34.38 gpt silver Eq. over 3.30 meters
and:
- 116.12 gpt silver Eq. (114.4 gpt silver, 0.02 gpt gold and
0.14% lead plus zinc) over 5.38 meters including:
-
- 286.39 gpt silver Eq. (281 gpt silver, 0.06 gpt gold and 0.32%
lead plus zinc) over 0.89 meters
5 Senores Vein Plan Map and Cross Sections
Highlights from Chiva Vein in
Holes BDH-21-057 to BDH-21-065:
BDH-21-057
- 546 silver Eq. over 0.82 meters (513 gpt silver, 0.229 gpt
gold, and 0.80% lead plus zinc) within 118.14 gpt Silver Eq. over
6.33 meters consisting (106.5 gpt silver, 0.059 gpt gold, and 0.33%
lead plus zinc).
BDH-21-058
- 1,364.03 gpt silver Eq. over 0.35 meters (300.0 gpt silver,
0.506 gpt gold, and 1.39% lead plus zinc) within 47.83 gpt silver
Eq. over 12 meters (40.8 gpt silver, 0.070 gpt gold, and 0.11% lead
plus zinc).
BDH-21-063
- 1,343.77 gpt silver Eq. over 0.32 meters (453 gpt silver, 4.49
gpt gold, 27.05% lead plus zinc) within 268.8 gpt silver Eq. over
1.82 meters (86.1 gpt silver, 0.924 gpt gold, and 5.46% lead plus
zinc).
Chiva Vein Plan Map and Cross
Sections
Highlights from Pilar Vein in Holes BDH-21-66 to
BDH-21-79
The Pilar Vein is showing higher gold and base metal grades as
compared to other veins with a notable 5.2 gpt gold and 15.94% lead
plus zinc with 103 gpt silver over 0.85 meters (CDH-21-63) in this
news release.
CDH-21-69
- 275.21 silver Eq. over 1.24 meters (198 gpt silver, 0.78 gpt
gold and 1.24 % lead plus zinc).
CDH-21-73
- 437.6 gpt silver Eq over 0.9 meters (4.36 gpt gold, 13.8 gpt
silver and 6.12% lead plus zinc) within 3.52 meters of 163.5 gpt
silver Eq. (16 gpt silver, 1.28 gpt gold and 2.8% lead plus
zinc).
CDH-21-74
- 329.38 gpt silver Eq. over 0.9 meters (4.0 gpt gold, 20.1 gpt
silver and 2.15% lead plus zinc) within 5.3 meters of 172.13 gpt
silver Eq. (185 gpt silver, 1.1 gpt gold and 3.57 % lead plus
zinc).
CDH-21-76
- 810.1 gpt silver Eq. over 0.85 meters (103.1 gpt silver, 5.2
gpt gold and 15.94 % lead plus zinc).
CDH-21-79
- 315.62 gpt silver Eq. over 0.45 meters (10 gpt silver, 3.37 gpt
gold and 3.69% lead plus zinc) within 4.45 meters of 176.32 gpt
silver Eq. (36 gpt silver, 1.05 gpt gold and 3.21% lead plus
zinc).
Pilar Vein Plan Map and Cross Sections
Detailed Drill Results - Holes BDH-20-050 to
BDH-21-081
Hole
ID
|
From
(meters)
|
To
(meters)
|
Interval
(meters)
|
Silver
(gpt)
|
Gold
(gpt)
|
Lead +
Zinc (%)
|
Silver
Eq. (gpt)
|
Vein
|
BDH-20-
050
|
44.68
|
63.63
|
18.95
|
32.8
|
0.171
|
0.29
|
50.74
|
5 Senores
|
Includes
|
45
|
51.77
|
6.77
|
50.3
|
0.148
|
0.24
|
65.50
|
|
60.14
|
63
|
2.86
|
76.5
|
0.684
|
0.208
|
127.51
|
BDH-20-
051
|
58.6
|
70
|
11.40
|
36.5
|
0.500
|
0.31
|
68.99
|
5 Senores
|
|
62.29
|
62.29
|
1.40
|
97.9
|
2.950
|
0.26
|
289.62
|
BDH-20-
052
|
73.3
|
76.6
|
3.30
|
14.2
|
0.236
|
0.62
|
34.38
|
5 Senores
|
|
76.12
|
76.6
|
0.48
|
61.0
|
1.285
|
3.37
|
173.74
|
|
95.68
|
96.52
|
0.84
|
16.0
|
0.696
|
0.92
|
62.76
|
|
97.67
|
98.3
|
0.63
|
33.0
|
1.755
|
1.30
|
149.19
|
|
138
|
143.38
|
5.38
|
114.4
|
0.019
|
0.14
|
116.12
|
|
138.89
|
139.78
|
0.89
|
281.0
|
0.065
|
0.32
|
286.39
|
BDH-20-
053
|
8.48
|
12.94
|
4.46
|
87.3
|
0.048
|
0.07
|
92.07
|
Agua
(South)
|
|
9
|
10
|
1.00
|
229.0
|
0.041
|
0.11
|
234.09
|
|
21
|
32
|
11.00
|
26.1
|
0.147
|
0.17
|
39.18
|
|
38
|
52
|
14.00
|
9.6
|
0.113
|
0.05
|
17.96
|
BDH-20-
054
|
16.8
|
20
|
3.20
|
75.7
|
0.039
|
0.16
|
81.69
|
Agua
|
|
22
|
25
|
3.00
|
4.7
|
0.279
|
0.17
|
26.74
|
BDH-20-
055
|
78
|
101
|
23.00
|
125.0
|
2.004
|
0.92
|
276.07
|
Agua
|
|
78
|
83
|
5.00
|
27.6
|
9.236
|
0.57
|
642.54
|
|
81
|
81.65
|
0.65
|
29.0
|
21.100
|
0.35
|
1408.51
|
|
97
|
100
|
3.00
|
587.3
|
0.819
|
1.58
|
676.03
|
|
106
|
110
|
4.00
|
7.3
|
0.302
|
1.15
|
53.88
|
BDH-21-
056
|
50
|
71
|
21.00
|
101.4
|
0.220
|
0.86
|
135.39
|
Agua
|
|
53
|
60
|
7.00
|
162.9
|
0.282
|
0.76
|
198.62
|
|
60
|
61.5
|
1.50
|
439.7
|
0.482
|
0.93
|
492.12
|
BDH-21-
057
|
15.67
|
22
|
6.33
|
106.5
|
0.059
|
0.33
|
118.14
|
Chiva
|
|
20.18
|
21
|
0.82
|
513
|
0.029
|
0.80
|
546.00
|
BDH-21-
058
|
21
|
33
|
12.00
|
40.8
|
0.070
|
0.11
|
47.83
|
Chiva
|
|
31.1
|
31.45
|
0.35
|
1300.0
|
0.506
|
1.39
|
1364.03
|
|
40.23
|
47.7
|
7.47
|
16.8
|
0.167
|
0.72
|
44.29
|
BDH-21-
059
|
28
|
28.8
|
0.80
|
16.5
|
0.342
|
0.18
|
56.17
|
Chiva
|
|
44
|
44.7
|
0.70
|
21.0
|
0.159
|
0.08
|
35.83
|
BDH-21-
060
|
93
|
104
|
11
|
5.4
|
0.547
|
1.27
|
71.25
|
Chiva
|
|
97
|
98
|
1
|
15.0
|
2.650
|
3.31
|
266.10
|
BDH-21-
061
|
28
|
30
|
2.00
|
19.2
|
0.867
|
0.44
|
86.15
|
Chiva
|
|
28
|
28.64
|
0.64
|
5.0
|
1.895
|
0.31
|
135.23
|
BDH-21-
062
|
26
|
32.53
|
6.53
|
15.5
|
0.190
|
0.51
|
39.93
|
Chiva
|
BDH-21-
063
|
29.68
|
31.5
|
1.82
|
86.1
|
0.924
|
5.46
|
268.08
|
Chiva
|
|
29.68
|
30
|
0.32
|
453.0
|
4.490
|
27.05
|
1343.77
|
BDH-21-
064
|
50.16
|
51.17
|
1.01
|
10.0
|
0.308
|
0.93
|
51.33
|
Chiva
|
BDH-21-
065
|
18
|
20
|
2.00
|
18.2
|
0.138
|
0.63
|
41.94
|
Chiva
|
|
28.3
|
31
|
2.70
|
2.9
|
0.107
|
1.12
|
36.39
|
|
BDH-21-
066
|
2.2
|
4.78
|
2.58
|
68.7
|
0.087
|
0.31
|
81.45
|
Pilar Sur
|
BDH-21-
067
|
Anomalous Values
|
BDH-21-
068
|
4.77
|
12
|
7.23
|
41.8
|
0.090
|
0.20
|
52.34
|
Pilar Sur
|
BDH-21-
069
|
4
|
18
|
14.00
|
54.9
|
0.510
|
0.34
|
72.63
|
Pilar Sur
|
|
15
|
16.24
|
1.24
|
198.0
|
0.778
|
1.18
|
275.21
|
BDH-21-
070
|
Anomalous Values
|
Pilar
|
BDH-21-
071
|
Anomalous Values
|
Pilar
|
BDH-21-
072
|
87.57
|
89.11
|
1.54
|
7.4
|
0.424
|
0.37
|
43.57
|
Pilar
|
BDH-21-
073
|
118
|
127.5
|
9.50
|
7.0
|
0.506
|
1.22
|
68.01
|
Pilar
|
|
120.88
|
121.12
|
0.24
|
31.0
|
1.930
|
11.85
|
426.56
|
|
120.88
|
124.4
|
3.52
|
16.0
|
1.280
|
2.80
|
163.60
|
|
123.5
|
124.4
|
0.90
|
13.8
|
4.362
|
6.12
|
436.65
|
BDH-21-
074
|
85
|
90.3
|
5.30
|
18.5
|
1.092
|
3.57
|
172.13
|
Pilar
|
|
88.5
|
89.4
|
0.90
|
20.1
|
4.013
|
2.15
|
329.38
|
BDH-21-
075
|
68
|
78
|
10.0
|
14.2
|
0.724
|
1.67
|
61.26
|
Pilar
|
|
68.35
|
69.2
|
0.85
|
103.1
|
5.196
|
15.94
|
440.83
|
BDH-21-
076
|
Anomalous Values
|
BDH-21-
077
|
Anomalous Values
|
BDH-21-0
78
|
Anomalous Values
|
BDH-21-
079
|
183.69
|
188.14
|
4.45
|
36.0
|
1.052
|
3.21
|
178.32
|
Pilar
|
|
186.86
|
187.69
|
0.83
|
24.0
|
1.255
|
5.56
|
234.79
|
|
187.69
|
188.14
|
0.45
|
10.0
|
3.370
|
3.69
|
315.62
|
BDH-21-
080
|
192.17
|
192.47
|
0.30
|
6.0
|
0.856
|
4.10
|
158.58
|
Agua
|
|
201
|
205.5
|
4.50
|
28.6
|
0.243
|
2.15
|
93.75
|
|
203
|
204.84
|
1.84
|
63.0
|
0.417
|
4.75
|
199.44
|
|
203.92
|
204.35
|
0.43
|
133.0
|
0.692
|
10.63
|
422.78
|
BDH-21-
081
|
Anomalous Values
|
5 Senores
|
Silver Equivalent
uses 65:1 Silver to gold ratio and lead at $0.80 per pound and zinc
at $1.00 per pound; silver equivalent calculation assumes 100%
recovery of all metals. All widths are drilled widths with true
widths generally ranging from 50 to 90% depending on vein dip and
hole inclination.
|
A total of 81 holes for 8012 meters have been completed in the
2020 and 2021 drill programs. Detailed mapping and compilation and
interpretation of drill results continues in preparation for
designing the next drill program. A geophysical IP survey is also
being considered as some veins with high base metals contain
sufficient sulfides that IP may be able to identify mineralized
bodies.
About the Copalito Property
The Copalito Project is a classic low sulphidation epithermal
vein system which has numerous small old workings and no evidence
or reports of historic exploration drilling. The Property consists
of seven concessions totaling approximately 3,700 hectares and is
located 35 kilometers east of McEwen Mining's "El Gallo Mine"
complex in Sinaloa State, along the western fringes of the Sierra
Madre Occidental in northwestern Mexico. The Copalito Project has good access,
topography and infrastructure.
Copalito Geology
Mineralization is hosted within classic low sulfidation
epithermal quartz and rare calcite veins. Multiple mineral events
are evidenced by banded mineralized textures, multiple cross
cutting veins/veinlets, laminated banding of chalcedonic and
crystalline quartz, sulfide replacement and infillings of breccia
matrix. Sulfide content is generally low but does range to 20% or
more in hand samples. Sulfides and their oxide equivalents include
fine grained pyrite, black and yellow sphalerite, galena,
chalcopyrite and silver sulphosalts. Some zonation is becoming
apparent with veins in the northeast being higher in gold and base
metals and those in the south being high in silver and low in base
metals.
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
All technical information for the Copalito 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 or 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
Hermosillo, Sonora. The samples
are dried, crushed and pulverized with the pulps being sent
airfreight for analysis by ALS in North
Vancouver, B.C. Systematic assaying of standards, blanks and
duplicates is performed for precision and accuracy. Kootenay also
inserts its own blanks, standards and duplicates for quality
control. 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 the states
of Sonora, Sinaloa and Chihuahua, Mexico, respectively.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS:
The information in this news release has been prepared as at
Dec 1, 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 includes Mineral Reserves and Mineral Resources
classification terms that comply with reporting standards in
Canada and the Mineral Reserves
and the Mineral Resources estimates are made in accordance with
National Instrument 43-101 – Standards of Disclosure for Mineral
Projects ("NI 43-101"). NI 43-101 is a rule developed by the
Canadian Securities Administrators that establishes standards for
all public disclosure an issuer makes of scientific and technical
information concerning mineral projects. These standards differ
significantly from the requirements adopted by the U.S. Securities
and Exchange Commission (the "SEC"). The SEC sets rules that
are applicable to domestic United
States reporting companies. Consequently, Mineral
Reserves and Mineral Resources information included in this news
release is not comparable to similar information that would
generally be disclosed by domestic U.S. reporting companies subject
to the reporting and disclosure requirements of the SEC.
Accordingly, information concerning mineral deposits set forth
herein may not be comparable with information made public by
companies that report in accordance with U.S. standards.
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SOURCE Kootenay Silver Inc.