VANCOUVER, BC, Aug. 16,
2022 /CNW/ - Kootenay Silver Inc. (TSXV: KTN)
(the "Company" or "Kootenay") is pleased to announce
results from the first six holes of the Phase 4 drilling program on
the Columba High-Grade Silver Project in Chihuahua State,
Mexico. The previously announced
15,000-meter drilling program is designed to extend known
mineralization and to test additional veins across the target-rich
Columba Silver Project. The results detailed below extend known
mineralization at both the D Vein and F Vein targets.
Drill Highlights:
D Vein
CDH-22-115
- Well mineralized zone averaging 449 gpt silver over 11.3 meters
from 81.1 meters downhole.
- Highest grade intercept 795 gpt silver, 0.95% lead and 1.47%
zinc over one meter.
- Extends vein mineralization 50 meters to west of nearest
intercept (CDH-19-021).
CDH-22-119
- 1,395 gpt silver over 1.5 meters within 416 gpt silver over
7.74 meters.
- Highest grade intercept 1,550 gpt silver and 0.95% lead and
4.5% zinc over 0.89 meters.
- 100-meter step out below CDH-22-115.
F Vein
CDH-22-118
- 107 gpt silver over 7.0 meters
- 75 meters deeper than previously released hole CDH 21-96 with
425 gpt silver over 2.37 meters
- Remains open to depth
Link to Drill Plan and Long Sections
Kootenay Silver's President and CEO Mr. James McDonald stated "We are extremely pleased
with the new results from Columba. Each of the holes was
designed to extend the F and D veins beyond previous drilling, in
some cases returning high silver grades which we expect from this
project. As work continues to discover high grade shoots at
Columba, we see increasing potential to identify a significant
silver resource."
The D Vein is a northwest striking, silver-bearing epithermal
vein with associated mineralized quartz stockwork and hydrothermal
breccia. The D Vein remains open in all directions.
Kootenay has intercepted the D Vein over a strike length of
425 meters to a depth of roughly 340 meters with assays pending.
The holes reported herein (CDH-22-115, CDH-22-117 and CDH-22-119)
test and extend the northwestern end of the D Vein, with a best
result from CDH-22-119 of 0.89 meters grading 1,550 gpt silver,
0.95% lead and 4.5% zinc. Mineralization at the D Vein is
open to depth and in both directions along strike (see drill plan
and long section Figure 1 and 2). To date drillhole
CDH-22-117 is the furthest step-out to the northwest on the D
Vein. This drillhole intersected the target within an
interpreted down-dropped fault block and thus is thought to
represent a higher stratigraphic level and expected to have lower
values than holes to the southeast, for example, CDH-22-115.
The F Vein is located 600 meters northeast of, and roughly
parallel to the D Vein. Most of the historical production at
Columba came from the F Vein which has been mapped for over
1,000 meters on surface. As at the beginning of 2022,
drilling had intercepted the F Vein for over 700 meters along trend
to a maximum depth of 200 meters. The three F Vein drillholes
(CDH-22-114, CDH-22-116 and CDH-22-118) reported below represent
50-meter step-outs of the structure beneath previous drilling (see
drill plan and long section Figure 3 and 4).
D VEIN
RESULTS
Hole ID
|
From
(meters)
|
To
(meters)
|
Interval
(meters)1
|
Silver
(gpt)
|
Pb
(%)
|
Zn
(%)
|
Geologic
Description
|
CDH-22-115
|
81.1
|
92.4
|
11.3
|
449
|
0.3
|
0.66
|
Quartz
stockwork-hydrothermal breccia and D Vein
|
Includes
|
83.0
|
88.3
|
5.3
|
522
|
0.31
|
0.70
|
(sub
interval)
|
83.0
|
84.2
|
1.2
|
635
|
0.24
|
0.54
|
(sub
interval)
|
85.9
|
87.0
|
1.1
|
665
|
0.24
|
1.08
|
(sub
interval)
|
87.0
|
88.3
|
1.3
|
509
|
0.55
|
1.16
|
Includes
|
90.0
|
91.0
|
1.0
|
795
|
0.95
|
1.47
|
CDH-22-117
|
111.0
|
118.0
|
7.0
|
108
|
0.05
|
0.09
|
Quartz stockwork and D
Vein
|
Includes
|
112.0
|
115.8
|
3.8
|
167
|
0.08
|
0.14
|
D Vein
|
AND
|
158.0
|
158.82
|
0.82
|
140
|
0.05
|
0.18
|
Quartz
stockwork
|
AND
|
233.15
|
236.0
|
2.85
|
183
|
0.1
|
0.35
|
Hydrothermal breccia
New System
|
AND
|
240.0
|
242.0
|
2
|
109
|
0.03
|
0.09
|
Quartz stockwork New
System
|
CDH-22-119
|
145.5
|
147
|
1.5
|
112
|
0.07
|
0.2
|
Hydrothermal
Breccia
|
AND
|
244.5
|
252.24
|
7.74
|
416
|
0.32
|
1.3
|
D Vein
|
Includes
|
247.5
|
249.0
|
1.5
|
1,395
|
0.94
|
5.3
|
|
(sub-interval)
|
247.87
|
248.76
|
0.89
|
1,550
|
0.95
|
4.5
|
|
AND
|
268.2
|
268.86
|
0.66
|
604
|
0.34
|
1.2
|
Quartz stockwork in
rhyolite
|
AND
|
275.0
|
276.0
|
1.0
|
213
|
0.26
|
0.74
|
Quartz barite
vein
|
Hole
ID
|
From
(meters)
|
To
(meters)
|
Interval
(meters)
|
Silver
(gpt)
|
Pb
(%)
|
Zn
(%)
|
Geologic
Description
|
AND
|
287.14
|
287.64
|
0.5
|
365
|
1.43
|
1.33
|
Calcite vein
|
AND
|
293.64
|
293.94
|
0.3
|
346
|
8.12
|
9.94
|
Calcite vein
|
AND
|
368.0
|
370.0
|
2.0
|
190
|
0.07
|
0.06
|
Quartz-Chlorite
stockwork New System
|
F VEIN
RESULTS
|
|
|
|
|
|
|
|
CDH-22-114
|
NSR
|
|
|
|
|
|
F Vein intercepted with
low values
|
CDH-22-116
|
NSR
|
|
|
|
|
|
F Vein intercepted with
low values
|
CDH-22-118
|
223.05
|
225.0
|
1.95
|
103
|
0.03
|
0.16
|
Intrusive with calcite
veins and quartz veins and hydrothermal breccias
|
AND
|
226.0
|
227.0
|
1.0
|
151
|
0.1
|
0.37
|
AND
|
236.0
|
242.0
|
6.0
|
107
|
0.07
|
0.23
|
Includes
|
237.0
|
238.0
|
1.0
|
110
|
0.05
|
0.37
|
AND
|
244.0
|
245.0
|
1.0
|
132
|
0.96
|
0.27
|
AND
|
247.0
|
247.66
|
0.66
|
156
|
0.25
|
1.35
|
Hydrothermal
breccia
|
AND
|
252.0
|
253.0
|
1.0
|
113
|
0.1
|
0.32
|
Hydrothermal
breccia
|
|
|
|
1True widths
are estimated at between 65% an 85% of the downhole
lengths.
|
A comprehensive list of drill results completed on the Columba
Property since 2019 can be viewed here: Columba Drill Results.
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
Company inserts blanks, standards and duplicates at regular
intervals as follows. On average a blank is inserted every 100
samples beginning at the start of sampling and again when leaving
the mineral zone. Standards are inserted when entering the
potential mineralized zone and in the middle of them, on average
one in every 25 samples is a standard. Duplicates are taken in the
mineralized zone, on average 1 to 2 duplicates for each hole.
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.
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
August 15, 2022. 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.
2022 number 17
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