VANCOUVER, BC, Oct. 5, 2020 /CNW/ - Kootenay Silver
Inc. (TSXV: KTN) (the "Company" or "Kootenay) is
pleased to announce recent drilling results confirm the discovery
of a broad zone of high grade hydrothermal breccias and
encompassing low to medium grade quartz stockwork system at the J-Z
Zone at the Columba silver project located in Chihuahua State,
Mexico.
The highly prospective J-Z Zone is located approximately 700
meters east of the F Vein and measures at least 320 meters long,
460 meters deep and an average width of 60 meters. This system
continues to be open laterally on strike and at depth. Detailed
surface mapping and sampling indicates the strike potential of the
area may extend up to 800 meters in length. The hydrothermal
breccias and stockwork is a distinct style of silver mineralization
in comparison to the classic banded quartz vein typical of the F
Vein.
James McDonald, President
and CEO of Kootenay stated: "We are excited about the
resource and grade potential of these breccias and stockworks
because they offer potential for both high grades and large
tonnages. At the present time, we are drilling the previously
undrilled areas of the E Vein, located 100 to 400 meters east of
the F Vein. Drilling will then move onto the B and D veins to
follow up on previous hits such as 628 gpt silver over 1.5 meters
in drilling from last year."
Gustavo Gallego, Chief
Geologic Engineer of Kootenay, commented: "The Technical
team is working on a detailed geological mapping and structural
study, while the prospector team is sampling newly discovered
mineralization at surface to determine the geometry of the
high-grade mineralization in the J-Z Zone. Once this program is
complete and assay results from drilling and surface sampling have
been received, compiled and interpreted, a drill plan will be
designed immediately to further establish continuity, grade and
size of hydrothermal breccia and stock-work within the J-Z
Zone."
Drill Highlights of J-Z breccias & veins system:
New holes reported in this release include holes CDH-20-061 to
CDH-20-066. Click the following links to view a drill plan
map, set of cross sections and video of the J-Z Zone.
CDH-20-061 (two mineralized zones intercepted)
- 43 gpt silver over 30.85 meters hitting hydrothermal breccias
and quartz stockwork includes:
-
- 164 gpt silver over 1.0 meter
- 63 gpt silver over 8.0 meters; and
- 54 gpt silver over 7.85 meters in Hydrothermal breccias and
quartz stockwork includes:
- 144 gpt silver over 2.0 meters
CDH-20-062
- 93 gpt silver over 11.6 meters hitting hydrothermal breccias
and quartz stockwork includes:
-
- 115 gpt silver over 8.3 meters
- 161 gpt silver over 1.0 meter
CDH-20-063 (two mineralized zones intercepted)
- 762 gpt silver over 0.49 meters in hydrothermal breccias and
quartz stockwork within 187 gpt silver of 2.49 meters and
- 91 gpt silver over 9.0 meters
CDH-20-064
- 67 gpt silver over 7.69 meters hitting a banded quartz vein and
hydrothermal breccia includes:
-
- 100 gpt silver over 4.5 meters in a banded quartz vein
CDH-20-065
- 106 gpt silver over 7.0 meters hitting a banded quartz
vein.
CDH-20-66 (two mineralized zones intercepted)
- 22 gpt silver over 19.0 meters in hydrothermal breccia and
stockwork and
- 773 gpt silver over 1.5 meters within 9.0 meters of 154 gpt
silver and 25.5 meters of 69 gpt silver
Highlights of previously announced drill holes in the J-Z Zone
of hydrothermal breccia and quartz stockwork.
CDH-19-030 (two zones one in J Vein and the other in
breccia-stockwork)
- 76 gpt silver over 8.9 meters hitting J vein includes 173
gpt silver over 3.33 meters and
- 200 gpt silver over 25.85 meters hitting hydrothermal
breccias and quartz stockwork includes:
-
- 415 gpt silver over 11.15 meters
- 721 gpt silver over 4.07 meters
- 982 gpt silver over 1.9 meters
CDH-19-031
- 314 gpt silver over 3.0 meters hitting hydrothermal breccias
and quartz stockwork includes:
-
- 776 gpt silver over 0.63 meters in hydrothermal
breccia
CDH-20-060 (two mineralized zones intercepted)
- 132 gpt silver over 64.0 meters hitting hydrothermal
breccias and quartz stockwork includes:
-
- 226 gpt silver over 9.0 meters
- 1025 gpt silver over 1.0 meter and
- 229 gpt silver over 22.0 meters in hydrothermal breccias and
quartz stockwork includes:
-
- 608 gpt silver over 5.0 meters
- 1160 gpt silver over 1.0 meter
Holes CDH-20-67 to hole CDH-20-070 intercepted notable
hydrothermal breccias as well as quartz stockwork and results will
be announced once assays are received and compiled.
The J-Z zone is currently defined by a total of 4,587.1 meters
in 21 holes drilled intermittently in the area since 2019. The
holes have been multipurpose, trying in the first instance to
intersect the banded quartz veins outcropping in the area, and
second utilizing the teams experience to try to define the resource
potential of the breccia and stock work zone.
Detailed Drill Results – Holes CDH-20-061 to
CDH-20-066
Hole
ID
|
From
(meters)
|
To
(meters)
|
Interval
(meters)
|
Silver
gpt
|
Pb
%
|
Zn
%
|
Geologic
Intersection
|
CDH-20-061
|
180
|
210.85
|
30.85
|
43
|
0.02
|
0.06
|
Hydrothermal
Breccia &
Stockwork
|
Includes
|
180
|
181
|
1
|
164
|
0.15
|
0.1
|
Includes
|
180
|
188
|
8
|
63
|
0.35
|
0.72
|
Includes
|
194
|
197
|
3
|
72
|
0.05
|
0.06
|
Includes
|
203
|
204
|
1
|
108
|
0.03
|
0.06
|
Includes
|
203
|
210.85
|
7.85
|
54
|
0.02
|
0.06
|
|
222
|
224
|
2
|
144
|
0.1
|
0.52
|
CDH-20-062
|
69.4
|
81
|
11.6
|
93
|
0.03
|
0.1
|
Hydrothermal
Breccia &
Stockwork
|
Includes
|
71
|
79.3
|
8.3
|
115
|
0.04
|
0.13
|
Includes
|
71
|
72
|
1
|
161
|
0.09
|
0.2
|
Includes
|
72
|
73
|
1
|
141
|
0.056
|
0.14
|
Includes
|
73
|
74.7
|
1.7
|
111
|
0.05
|
0.1
|
Includes
|
76.25
|
77.75
|
1.5
|
103
|
0.01
|
0.04
|
Includes
|
77.75
|
79.3
|
1.55
|
141
|
0.06
|
0.23
|
CDH-20-063
|
66
|
75
|
9
|
91
|
0.04
|
0.08
|
Hydrothermal
Breccia &
Stockwork
|
Includes
|
70
|
73.2
|
3.2
|
165
|
0.1
|
0.11
|
|
161.51
|
164
|
2.49
|
187
|
0.05
|
0.06
|
Includes
|
161.51
|
162
|
0.49
|
762
|
0.15
|
0.15
|
CDH-20-064
|
61.31
|
69
|
7.69
|
67
|
0.02
|
0.04
|
Quartz
Vein
|
Includes
|
62.5
|
67
|
4.5
|
100
|
0.03
|
0.05
|
CDH-20-065
|
72
|
79
|
7
|
106
|
0.02
|
0.11
|
Quartz
Vein
|
CDH-20-066
|
129
|
148
|
19
|
22
|
0.01
|
0.03
|
Hydrothermal
Breccia &
Stockwork
|
Includes
|
144
|
148
|
4
|
52
|
0.01
|
0.03
|
|
189.5
|
215
|
25.5
|
69
|
0.05
|
0.15
|
Includes
|
206
|
215
|
9
|
154
|
0.1
|
0.3
|
Includes
|
213.5
|
215
|
1.5
|
773
|
0.4
|
0.8
|
All widths are
drilled widths. At this time, it is estimated true widths will
range from 60 to 80% of drilled widths depending on dip of the vein
and inclination of the hole. All silver composites rounded to the
nearest whole number.
|
Detailed Drill Results – Previously Released Holes In J-Z
Zone
Hole
ID
|
From
(meters)
|
To
(meters)
|
Interval
(meters)
|
Silver
gpt
|
Pb
%
|
Zn
%
|
Geologic
Intersection
|
CDH-19-024
|
29.8
|
31
|
1.52
|
198
|
0.05
|
0.14
|
J Vein
|
Includes
|
30.5
|
31
|
0.5
|
358
|
0.033
|
0.34
|
And
|
48.8
|
74
|
25.2
|
47
|
0.02
|
0.09
|
Hydrothermal
Breccia & Quartz
Stockwork
|
Includes
|
53.4
|
54.9
|
1.5
|
160
|
0.064
|
0.17
|
CDH-19-025
|
135.2
|
233.3
|
98.1
|
32
|
0.03
|
0.12
|
Hydrothermal
Breccia & Quartz
Stockwork
|
Includes
|
186.05
|
193.65
|
7.6
|
105
|
0.103
|
0.41
|
CDH-19-026
|
89
|
172
|
83
|
28
|
0.02
|
0.06
|
Hydrothermal
Breccia & Quartz
Stockwork
|
CHD-19-027
|
120.09
|
147
|
26.91
|
43
|
0.05
|
0.1
|
J Vein
|
Includes
|
121
|
127.56
|
6.56
|
115
|
0.18
|
0.25
|
Includes
|
126.17
|
127.56
|
1.39
|
247
|
0.8
|
0.56
|
CDH-19-028
|
138
|
205
|
67
|
40
|
0.03
|
0.08
|
Hydrothermal
Breccia & Quartz
Stockwork
|
Includes
|
153
|
167
|
14
|
72
|
0.03
|
0.09
|
Includes
|
160
|
162
|
2
|
163
|
0.23
|
0.31
|
Includes
|
195
|
205
|
10
|
95
|
0.11
|
0.21
|
CDH-19-029
|
42.7
|
45.35
|
2.65
|
73
|
0.02
|
0.04
|
J Vein
|
|
114
|
166
|
52
|
26
|
0.01
|
0.04
|
Hydrothermal
Breccia &
Stockwork
|
Includes
|
128
|
136
|
8
|
67
|
0.02
|
0.05
|
|
130.21
|
132.3
|
2.09
|
172
|
0.05
|
0.1
|
|
164
|
166
|
2
|
104
|
0.02
|
0.06
|
CDH-19-030
|
67.1
|
76
|
8.9
|
76
|
0.02
|
0.11
|
J Vein
|
And
|
149.15
|
175
|
25.85
|
200
|
0.03
|
0.15
|
Hydrothermal
Breccia & Quartz
Stockwork
|
Includes
|
150.5
|
161.65
|
11.15
|
415
|
0.07
|
0.26
|
Includes
|
154
|
158.07
|
4.07
|
721
|
0.08
|
0.33
|
Includes
|
156.17
|
158.07
|
1.9
|
982
|
0.08
|
0.4
|
CDH-19-031
|
223
|
226
|
3
|
314
|
0.2
|
0.28
|
E Vein
|
|
224.15
|
224.78
|
0.63
|
776
|
0.41
|
0.32
|
CDH-19-032
|
165
|
175
|
10
|
24
|
0.27
|
0.6
|
E Vein
|
|
238.85
|
289
|
50.15
|
20
|
0.02
|
0.07
|
Hydrothermal
Breccia
|
CDH-19-033
|
105.2
|
165
|
59.8
|
48
|
0.03
|
0.13
|
J-E & Z Vein
Intersection
|
Includes
|
150.95
|
160.52
|
9.57
|
146
|
0.27
|
1
|
CDH-19-034
|
38.15
|
54
|
15.85
|
68
|
0.02
|
0.05
|
E Vein
|
Includes
|
41.2
|
47.83
|
6.63
|
103
|
0.04
|
0.04
|
And
|
107
|
130.21
|
23.21
|
20
|
0.16
|
0.03
|
Hydrothermal
Breccia & Quartz
Stockwork
|
|
117
|
118
|
1
|
124
|
0.04
|
0.04
|
CDH-20-060
|
144
|
208
|
64.0
|
132
|
0.03
|
0.1
|
Hydrothermal
Breccia & Quartz
Stockwork
|
Includes
|
147
|
156
|
9.0
|
226
|
0.03
|
0.13
|
Includes
|
152
|
153
|
1.0
|
1025
|
0.08
|
0.21
|
And
|
183
|
205
|
22
|
229
|
0.05
|
0.14
|
Includes
|
190
|
201
|
11
|
361
|
0.08
|
0.18
|
Includes
|
191
|
196
|
5
|
608
|
0.09
|
0.12
|
Includes
|
193
|
194
|
1
|
1160
|
0.1
|
0.13
|
All widths are
drilled widths. At this time, it is estimated true widths will
range from 60 to 80% of drilled widths depending on dip of the vein
and inclination of the hole. All silver composites rounded to the
nearest whole number.
|
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
October 4, 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.
2020 number 19
SOURCE Kootenay Silver Inc.