VANCOUVER, BC, June 9, 2020 /CNW/ - Kootenay Silver
Inc. (TSXV: KTN) (the "Company or "Kootenay") is pleased
to announce the recommencement of drilling at its Columba
high-grade silver project (the "Property) following the temporary
COVID-19 related work stoppage. The drilling is the continuation of
the 7,000-meter Phase-II program (the "Program") started in
February 2020 prior to the cessation
of operations due to health restrictions imposed by the Government
of Mexico.
The initial holes of the remaining 5,200 meters will focus on
expanding the F-vein by following-up on positive results from the
first 10 holes of the Program (see KTN news releases dated,
May 19th and
26th, 2020). These include the following high-grade
silver intercepts:
CDH-20-049
- 2,010 gpt silver over 1.0 meter within 762 gpt silver over
2.8 meters in the F-vein.
CDH-20-051
- 865 gpt silver over 2.0 meters within 317 gpt silver
over 6.0 meters in the Hanging-wall structure.
CDH-20-046
- 911 gpt silver over 1.4 meters within 553 gpt silver
over 2.9 meters in the F-vein.
CDH-20-047
- 782 gpt silver over 1.05 meters within 400 gpt silver
over 4.97 meters in the F-vein.
Additionally, the Program will test high-grade intercepts
discovered in other veins drilled in the 2019 Phase-I program.
Intercepts included:
CDH-20-030
- 982 gpt silver over 1.9 meters and 415 gpt silver
over 11.15 meters within the Z-vein.
CDH-20-031
- 776 gpt over 0.63 meters within 314 gpt over 3.0
meters in the M-vein.
CDH-20-038
- 628 gpt silver over 1.5 meters within 301 gpt silver
over 4.63 meters in the B-vein.
Beyond augmenting previously drilled areas the Program will
investigate untouched veins mapped out by Kootenay's geological
team. Work will begin with a single drill in operation. The Company
will remain vigilant to any changes that may arise due to the
ongoing COVID-19 pandemic working in compliance with Mexican
Authorities to keep employees and the community safe.
The 2019 drill program totaled 6,853 meters in 41
holes. Detailed results for all drill holes can be viewed by
clicking the following link: Columba Drill Results.
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 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
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, 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 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
June 8, 2020. 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.