Kootenay Silver Inc. (TSXV: KTN) (the “Company” or “Kootenay”) is pleased to announce drilling has recommenced at its Copalito silver-gold property (the “Property”) located in Sinaloa State, Mexico. This is the continuation of the initial drill program (the “Program”) that began in March 2020, before operations were halted due to health restrictions imposed by the Government of Mexico in wake of the COVID-19 pandemic. One-hole totalling 105.2 meters of the planned 3,000-meter program was completed before the temporary work stoppage.
The Program is the first drilling to date on the Property and will test positive surface sampling and mapping. Notable surface samples previously reported include:
Grab Sample Highlights:
- 3,770 gpt silver and 7.2 gpt gold in taken at the 5 Senores and Agua Veins, respectively;
- 2,510 gpt silver and 2.7 gpt gold in grab samples taken at the Cobriza Vein;
- 17.45% zinc, 9.89% lead, 76 gpt silver and 0.52 gpt gold in a grab sample taken at Pillar Vein; and
- 5.1%, 1.6 % and 1.5% copper taken from the northern area of the Property at the Cobriza Vein
Chip Sample Highlights:
- 1,700 gpt silver including 0.109 gpt gold over 1.5 meters within a wider interval of 1,066 gpt silver over 3.8 meters taken at the La Chiva Vein.
- 1,030 gpt silver including 0.405 gpt gold over 1.0 meters sampled across the La Chiva Vein
- 8.2 gpt gold including 583 gpt silver over a 1.1-meters sampled across the 5 Senores Vein;
- 402 gpt silver including 0.24 gpt over 5.3 meters taken on 5 Senores Vein;
- 532 gpt silver over 3.0 meters and 306 gpt silver over 4.9 meters sampled across the Agua Vein.
Copalito is host to a classic epithermal vein system that has never been drilled. Several principle veins with strike lengths up to 2 kilometers and widths from 0.5 to 15 meters have been identified at surface. Over 10 kilometers of untested vein strike has been mapped with high-grade silver and gold discovery potential.
Results of the drill program will be announced as soon as the assays are received and interpreted by the Company.
The Company will continue to ensure the safety of employees and the community during the COVID-19 pandemic and will keep up to date on health regulations outlined by the Government of Mexico.
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 Copalito
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 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 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. 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.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: www.kootenaysilver.com