VANCOUVER, Feb. 27, 2018 /CNW/ - Kootenay Silver Inc.
(TSXV: KTN) (the "Company" or "Kootenay") is pleased to
report that Aztec Minerals Corp. ("Aztec Minerals") today announced
results of 3 additional holes from its phase I drill program
totaling 3,000 meters, currently underway at Kootenay's Cervantes
Project, located in Sonora State, Mexico. The first five
holes of the program were released on February 1, 2018; click to view the news
release.
Recent drill results released by Aztec Minerals once again
successfully intersected long intervals of porphyry gold, copper
and silver mineralization within the California Zone. The
full news release issued by Aztec Minerals can be found at:
http://aztecminerals.com/
Drill Highlights:
- Hole 18CER007 intercepting 122.0 meters (from surface) grading
0.60 gpt gold, including 62.0 meters of 2.10 gpt gold at the
California Zone; sample range 0.09 to 2.80 gpt gold;
- Hole 18CER006 intercepting 170.0 meters (from surface) grading
0.42 gpt gold, including 32.0 meters of 0.87 gpt gold at the
California Zone; sample range <0.005 to 2.81 gpt gold.
Click on the following link to view the map of the drill
area.
The Cervantes Property is held under an earn-in option to
agreement whereby Aztec Minerals can acquire up to 100% interest in
the property in two stages which would leave Kootenay with a 2.5 %
NSR and a payment of US$5.00 per
ounce or gold equivalent based on a NI 43-101 Resource Estimate.
See Kootenay news release dated
October 13, 2015.
Drill Results
|
Hole
ID
|
Zone
|
From
(meters)
|
To
(meters)
|
Interval
(meters)
|
Gold
(gpt)
|
Copper
(%)
|
Silver
(gpt)
|
18CER006
|
California
|
0
|
170
|
170
|
0.42
|
0.05
|
1.9
|
incl.
|
|
122
|
154
|
32
|
0.87
|
0.06
|
2.3
|
18CER007
|
California
|
0
|
122
|
122
|
0.60
|
0.06
|
1.8
|
|
|
20
|
82
|
62
|
0.88
|
0.06
|
1.7
|
18CER008*
|
California
|
0
|
28
|
28
|
0.35
|
0.04
|
1.8
|
Notes:
|
1)
|
Hole 18CER007 was
lost at 28 meters due to mechanical failure and drilled on the same
pad as 007 at a steeper angle.
|
2)
|
Hole 18CER008 was
lost at 128.5m due to mechanical failure and broken
ground.
|
3)
|
Drill holes to date
were oriented to cross the most prominent structures seen in
outcrops so core lengths reflect approximately the
interpreted true width of the California zone mineralization but
additional drilling is needed to provide a definitive true
width
|
Sampling and QA/QC
All core samples were split in half, placed into plastic bags,
labeled with sample number, closed with zip ties, and placed in
rice sacks by Aztec Minerals. Samples were typically collected in
2.0m intervals with occasional
exceptions of 1.5 or 3.0m intervals.
Blanks, duplicates, and 3 certified standards were inserted into
the sample stream and subsequently reviewed without any outliers or
abnormal results. The samples were delivered to Bureau Veritas
Laboratories in Hermosillo and
analyzed for gold using a 30gram sample by fire assay fusion with
AAS finish. Samples were shipped to Vancouver and analyzed with a 0.25gram sample
using 4-acid ICP-MS providing analysis on 45 elements.
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 on behalf of Kootenay by
James McDonald, P.Geo, President,
CEO & Director for Kootenay.
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 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 two 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
February 26, 2018. 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.
SOURCE Kootenay Silver Inc.