VANCOUVER, BC, Sept. 1,
2022 /CNW/ - Kootenay Silver Inc. (TSXV: KTN)
(the "Company" or "Kootenay") is pleased to announce
the newest batch of results from its Phase 4 drilling program at
Columba High-Grade Silver Project in Chihuahua State, Mexico. Results from five drill holes are
reported here including one hole from D Vein and four holes from F
Vein. The current diamond drill exploration program is
planned at 15,000 meters and designed to step out on mineralized
veins along strike and to depth within the target-rich Columba
Silver Project. Drilling is currently paused pending assays. The
results below successfully extend known mineralization beneath
existing drilling at both the D Vein and F Vein targets, additional
results are awaited.
Drill Highlights:
F Vein
CDH-22-121
- High grade of 2,330 gpt silver, 0.06% lead and 0.80%
zinc across drill length of 1.63 meters
- Extends F Vein 50 meters down-dip of previous intercept
on-section (beneath CDH 20-053).
- Mineralization at F Vein remains open at depth and along
strike.
D Vein
CDH-22-122
- Interval from 194.1 meters down hole averages 574 gpt silver
with 0.19% lead and 0.66% zinc over 3.9 meters.
- Extends D Vein additional 55m
beneath previously announced drill intercept (CDH-20-079).
- Highest individual assay grade of 956 gpt silver, 0.27% lead
and 1.20% zinc over 0.72 meters.
Link to Drill Plan, and F Vein & D Vein Long Sections
Kootenay Silver's President and CEO Mr. James McDonald stated "Each new batch of results
continues to justify our excitement for the Columba Project. We are
seeing both the D and F Vein expanding with additional drilling and
are planning additional work to evaluate the many high priority
targets that remain undrilled."
D Vein is a northwest striking, silver-bearing epithermal style
vein with associated mineralized quartz stockwork and hydrothermal
breccia. Kootenay Silver has intercepted the D Vein over a
strike length of 425 meters to a depth of roughly 340 meters with
assays pending, the vein is part of a much larger system and
remains open in all directions. The hole reported herein
(CDH-22-122) is part of a systematic exploration program designed
to test high priority veins at Columba. The reported intercept is
located 50 meters below the nearest drill intercept on-section to
date.
The F Vein is located 600 meters northeast of, and roughly
parallel to the D Vein and has been mapped for over 1,000
meters on surface. Historical production in the area focused on
F Vein, two shafts sunk on the trace of the vein are located
roughly 310 meters apart. Underground mining was completed on F
Vein over six levels to a vertical depth in excess of 160 meters.
Four drill holes from F Vein are reported below.
CDH-22-120, CDH-22-121, CDH-22-123 and CDH-22-124 represent
step-outs on the F Vein structure beneath previous drilling (see
drill plan and long section Figure 3 and 4). In addition to
encountering F Vein, additional zones of quartz +/- barite-calcite
veining ware reported. Exploration continues to define the F Vein
on roughly 50-meter centres.
D VEIN
RESULTS
|
|
|
|
|
|
|
|
|
Hole
ID
|
From
(meters)
|
To (meters)
|
Interval
(meters)1
|
Silver
(gpt)
|
Gold
(gpt)
|
Pb
(%)
|
Zn
(%)
|
Geologic
Description
|
CDH-22-122
|
194.1
|
198.0
|
3.90
|
574
|
|
0.19
|
0.66
|
D Vein
|
Includes
|
194.1
|
195.0
|
0.90
|
949
|
|
0.38
|
1.135
|
Includes
|
195.0
|
195.7
|
0.72
|
956
|
|
0.27
|
1.195
|
Includes
|
195.7
|
196.1
|
0.41
|
503
|
|
0.08
|
0.13
|
|
|
|
|
|
|
|
|
|
F VEIN
RESULTS
|
|
|
|
|
|
|
|
|
CDH-22-120
|
63.00
|
80.00
|
17.00
|
95
|
|
0.03
|
0.11
|
Quartz-Barite-Calcite
stockwork
|
Includes
|
63.95
|
66.00
|
2.05
|
221
|
|
0.03
|
0.17
|
|
Includes
|
68.00
|
69.63
|
1.63
|
169
|
|
0.11
|
0.20
|
|
Includes
|
73.25
|
76.00
|
2.75
|
151
|
|
0.07
|
0.20
|
AND
|
146.6
|
147
|
0.4
|
325
|
|
0.22
|
0.63
|
AND
|
148.3
|
148.8
|
0.5
|
173
|
|
0.1
|
0.36
|
AND
|
150
|
151.8
|
1.77
|
112
|
|
0.08
|
0.25
|
AND
|
247.0
|
247.66
|
0.66
|
156
|
0.25
|
0.25
|
1.35
|
Calcite-Barite
vein
|
AND
|
252.0
|
253.0
|
1.0
|
113
|
0.1
|
0.1
|
0.32
|
Calcite Vein
|
CDH-22-121
|
87.85
|
88.69
|
0.84
|
134
|
|
0.05
|
0.15
|
Hydrothermal
Breccia
|
AND
|
202
|
203.6
|
1.58
|
425
|
|
0.11
|
0.35
|
Hydrothermal
Breccia
|
AND
|
211
|
214
|
2.97
|
91
|
|
0.07
|
0.23
|
Quartz-Barite
vein
|
Includes
|
212.8
|
213.5
|
0.7
|
161
|
|
0.16
|
0.33
|
|
AND
|
248.6
|
250.2
|
1.63
|
2330
|
|
0.06
|
0.8
|
Calcite vein in
Intrusive
|
AND
|
260
|
262
|
2
|
161
|
|
0.04
|
0.07
|
|
CDH-22-123
|
91
|
97.5
|
6.5
|
156
|
|
0.08
|
0.15
|
Hydrothermal
breccia
|
Includes
|
92.83
|
93.88
|
1.05
|
769
|
|
0.34
|
0.52
|
Calcite vein
|
AND
|
283
|
284
|
1
|
117
|
|
0.01
|
0.05
|
Calcite vein in
Intrusive
|
CDH-22-124
|
175
|
184
|
9
|
101
|
|
0.05
|
0.15
|
Dioritic rock with
narrow quartz
stockwork
|
Includes
|
175
|
176
|
1
|
305
|
|
0.22
|
0.17
|
AND
|
193
|
194.2
|
1.2
|
153
|
|
0.15
|
0.16
|
Hanging wall
Structure
|
AND
|
208
|
209
|
1
|
180
|
|
0.08
|
0.5
|
Quartz Calcite
Hydrothermal breccia
|
AND
|
222
|
225
|
3
|
136
|
|
0.12
|
0.15
|
Quartz Calcite
Hydrothermal breccia
|
AND
|
328
|
329
|
1
|
194
|
|
0.18
|
0.16
|
Dioritic rock with
narrow quartz
stockwork
|
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 may 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 31, 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.
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SOURCE Kootenay Silver Inc.