VANCOUVER, BC, June 25, 2020 /CNW/ - Kootenay Silver Inc.
(TSXV: KTN) (the "Company" or "Kootenay") announces its
partner on the Cervantes porphyry
gold-copper property in Sonora,
Mexico (the "Project"), Aztec Minerals Corp. ("Aztec"),
reports final interpretation of a 3-Dimensional IP-Resistivity
survey identifying multiple chargeability anomalies over a 5
kilometer (km) long corridor. (view IP chargeability map here) on
the Project..
Numerous IP anomalies are associated with the previously mapped
and sampled porphyry corridor (view geological map here) that
extends at least 5 km long and up to 2 km wide from the
California zone southwest through
the Jasper, Estrella, Purisima East
and Purisima West targets.
Six porphyry prospects along the corridor exhibit strong
porphyry alteration and gold (copper) mineralization (view
geochemical map here) within and adjacent to outcropping
quartz-feldspar porphyry intrusions and diatreme breccias.
The Jacobo target not covered by this 3-D IP survey may add an
additional 2 km of length to the porphyry corridor to the
southwest. Because the IP anomalies are closely associated
with the mapped porphyry style mineralization it is interpreted
they may reflect buried sulfides (potentially gold and copper
bearing) typical of porphyry-type mineralization.
The 3-D survey encompassed 23.1 line km to cover the Purisima
West, Purisima East and Estrella
targets as well as an additional 4.5 line km of 2-D IP to tie into
the 2-D IP survey conducted in 2016 (view 2016 IP chargeability map
here). The benefit of 3-D IP surveys is to provide better
definition of the size and shape of conductive or resistive bodies
at depth.
Full details issued by Aztec Minerals can be found at:
http://aztecminerals.com. Aztec have fulfilled their obligations
under the earn-in option agreement and the parties are in the
process of finalizing a joint venture agreement for the Cervantes
Project with Kootenay holding a 35% interest.
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.
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 24, 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.