VANCOUVER, BC, Jan. 20, 2021 /CNW/ - Kootenay Silver Inc.
(TSXV: KTN) (the "Company" or "Kootenay") is pleased to
announce assay results from the final 17 core drill holes completed
from its 2020 Phase II drill program, which totaled 9,114 meters
over 43 holes, at its Columba high-grade silver project (the
"Property") located in Chihuahua State, Mexico.
Kootenay President & CEO, James McDonald, stated "We continue
to be extremely pleased with the drill results from Columba.
The 1,186 gpt silver intersection from hole CDH-20-082
intercepting the B Vein is the highest silver grade reported to
date over widths greater than 4 meters. These results,
combined with previous drilling, indicate that significant
high-grade silver potential is being delineated in several areas
within the Property. The B Vein is located 650 meters south of the
old workings (F Vein) and can be traced on surface for 300 meters
and remains open with significant opportunity to expand with
further drilling."
Highlights from Holes CDH-20-067 to CDH-20-084:
CDH-20-069 (J-Z
Vein) intercepting hydrothermal
breccias and quartz stockwork
- 58 gpt silver over 79.0 meters including:
-
- 152 gpt silver over 10.1 meters, and
- 325 gpt silver over 3.1 meters
CDH-20-070 (J-Z Vein) intercepting hydrothermal breccias
and quartz stockwork over several intervals
- 170 gpt silver over 3.78 meters
- 40 gpt silver over 27.75 meters
CDH-20-076 (W Vein) intercepting in hydrothermal breccias
and quartz barite vein
- 40 gpt silver over 94.06 meters including:
-
- 272 gpt silver over 1.0 meter within 97 gpt silver
over 7.0 meters
CDH-20-079 (D Vein)
- 179 gpt silver over 9.05 meters, including:
-
- 290 gpt silver over 5.35 meters; and
- 525 gpt silver over 1.58 meters; including
- 689 gpt silver over 0.74 meters and 381 gpt silver
over 0.84 meters
CDH-20-082 (B Vein)
- 112 gpt silver over 70.5 meters, including:
-
- 691 gpt silver over 9.0 meters
- 1186 gpt silver over 4.6 meters; including
-
- 1,455 gpt silver over 1.55 meters and
- 1,055 gpt silver over 1.5 meters and
- 1,045 gpt silver over 1.55 meters
CDH-20-084 (B System)
- 47 gpt silver over 25 meters, including:
-
- 126 gpt silver over 7 meters
- 208 gpt silver over 2.45 meters
Click the following links to view: Plan Map and Cross
Sections for holes CDH-20-67 to 084.
Drilling Discussion
Veins B and D
The highlight from these last set of 2020 drill holes are the
high grades in the B and D Veins. The B Vein is showing excellent
grade potential as good or better than the F Vein with values
exceeding 1,186 gpt silver (up to 1,455 gpt silver) over 4.6
meters with 9 meters of 691 gpt silver in hole CDH-20-082. This
hole shows the dramatic effect of elevation on grade. In
comparison, hole CDH-19-036 drilled on the same section about 150
meters up dip and shallower than CDH-20-082, returned negligible
silver. One hundred meters along strike from CDH-20-082, hole
CDH-19-038 returned high grades of 301 gpt silver over 4.63
meters with 628 gpt silver over 1.5 meters indicating high
grade continuity along strike between these two holes. Hole
CDH-20-084 (although lower grade) extends the strike a further
south for at least 175 meters. The zone remains open along strike
to the south and down dip. With limited drilling it appears true
widths are about 70% of drilled widths.
The D Vein (which dips south) also shows excellent grade
potential with Hole CDH-20-079 returning 525 gpt silver over
1.58 meters within 5.35 meters of 290 gpt silver. This hole is
about 50 meters deeper down dip of CDH-19-022 which contained
373 gpt silver over 1.5 meters within 6.25 meters of 244 gpt
silver. These two holes indicate both continuity and grade
potential. From just two holes it appears true width is 90% of
drilled width. Hole CDH-20-080 tested the D Vein about 140 meters
along strike and hit 131 gpt silver over 10.39 meters. While
lower grade it is higher in elevation and therefore deeper drilling
is required to test for the high grades in CDH-20-080 and
CDH-19-022. The D Vein is open down and along strike to the
southeast.
Detailed mapping of this area is underway to define the strike
extent of these vein sets in preparation of the 2021 drill program
expected to start at the beginning of February.
J-Z Vein Area
The J-Z Area is a complex zone comprising of at least 16
different veins with the primary veins striking northeast and
southwest forming veins (including the E, O, J and Z veins) and
veinlet stock works cutting a large hydrothermal breccia. The
hydrothermal breccia trends northwest for about 500 meters, is
generally 25 to 90 meters wide and has been followed down dip for
at least 350 meters. It is open along strike and down dip. The
breccia is low grade generally ranging from 20 to 100 gpt silver
and contains significant high grades to 982 gpt silver. The
high grades are also in breccias that are siliceous, hematitic and
have quartz plus or minus barite veinlets.
The high-grade breccias appear to occur where the veins cut the
large low grade breccia body. Drill testing in the 2021 program
will test this hypothesis and if there is continuity of the high
grade breccias along the vein-breccias where they cross-cut the
large low-grade breccia.
Examples of the high-grade breccias include:
- CDH-19-030 grading 200 gpt silver over 25.85 meters with 415
gpt silver over 11.15 meters and 982 gpt silver over 1.9
meters;
- CDH-19-031 with 314 gpt silver over 3 meters with 776 gpt
silver over 0.63 meters;
- CDH-20-060 grading 132 gpt silver over 64 meters including
361 gpt silver over 11 meters and 608 gpt silver over 5
meters;
- CDH-20-066 with 154 gpt silver over 9 meters including 773
gpt silver over 1.5 meters; and
- CDH-20-069 with 152 gpt silver over 10.1 meters with 325 gpt
silver over 3.1 meters.
E Vein
Holes CDH-20-071 to 75,77,78 tested 400 meters of strike showing
good vein continuity. Only moderate and low grades were encountered
however most holes tested around the 1,800-meter elevation which is
above the 1700-meter mark where most high grade starts to show up
across the property. Thus, deeper drilling is required and will be
done as part of the 2021 program.
The Company is currently designing the 2021 drill program that
is slated to start in early February. Once approved the Company
will provide details of the program such as number of holes and
meters.
Detailed results for all drill holes completed to date at the
Columba high grade silver project can be viewed by clicking the
following link: Columba Drill Results
Detailed Drill Results – Holes CDH-20-067 to
CDH-20-084
Hole
ID
|
From
(meters)
|
To
(meters)
|
Interval
(meters)
|
Silver
(gpt)
|
Pb
(%)
|
Zn
(%)
|
Geologic
Intersection
|
CDH-20-067
|
87
|
137.25
|
50.25
|
18
|
0.01
|
0.03
|
Hydrothermal breccia
&
Stockwork (J&Z Vein)
|
CDH-20-068
|
213
|
215.88
|
2.88
|
58
|
0.01
|
0.17
|
Hydrothermal breccia
&
Stockwork (J&Z Vein)
|
CDH-20-069
|
132
|
211
|
79
|
58
|
0.04
|
0.22
|
Hydrothermal breccia
&
Stockwork (J&Z Vein)
|
Includes
|
159
|
169.1
|
10.1
|
152
|
0.14
|
0.4
|
Includes
|
166
|
169.1
|
3.1
|
325
|
0.37
|
2.6
|
Includes
|
169.1
|
171
|
1.9
|
115
|
0.03
|
0.49
|
Includes
|
177
|
179
|
2
|
176
|
0.04
|
0.11
|
Includes
|
179
|
180
|
1
|
111
|
0.035
|
0.09
|
Includes
|
190.6
|
192
|
1.4
|
126
|
0.089
|
0.16
|
|
286.28
|
286.82
|
0.54
|
336
|
0.355
|
2.08
|
CDH-20-070
|
83
|
84.4
|
1.4
|
91
|
0.04
|
0.14
|
Hydrothermal breccia
&
Stockwork (J&Z Vein)
|
|
130
|
133
|
3
|
64
|
0.02
|
0.13
|
|
171.8
|
175.58
|
3.78
|
170
|
0.07
|
0.32
|
|
202.5
|
230.25
|
27.75
|
40
|
0.02
|
0.06
|
CDH-20-071
|
100.03
|
100.65
|
0.62
|
178
|
0.11
|
0.38
|
Hydrothermal breccia
(E Vein)
|
|
107
|
108
|
1
|
74
|
0.03
|
0.15
|
Quartz stockwork (E
Vein)
|
CDH-20-072
|
No Significative
values
|
|
CDH-20-073
|
95.59
|
97.06
|
1.47
|
102
|
0.02
|
0.07
|
E Vein
|
|
121.37
|
121.91
|
0.54
|
69
|
0.01
|
0.02
|
Hydrothermal breccia
&
Quartz barite vein
|
CDH-20-074
|
64.35
|
64.9
|
0.55
|
91
|
0.043
|
0.05
|
E vein
|
CDH-20-075
|
232
|
239.5
|
7.5
|
33
|
0.01
|
0.05
|
Quartz stockwork (E
Vein)
|
CDH-20-076
|
69.94
|
164
|
94.06
|
40
|
0.03
|
0.07
|
Hydrothermal breccia
&
Quartz barite vein (W Vein)
|
Includes
|
83.5
|
84.5
|
1
|
272
|
0.1
|
0.18
|
W Vein
|
Includes
|
83.5
|
90.5
|
7
|
97
|
0.03
|
0.12
|
W Vein
system
|
Includes
|
96.5
|
100
|
3.5
|
105
|
0.03
|
0.1
|
Hydrothermal
breccia
|
Includes
|
134.2
|
138
|
3.8
|
98
|
0.11
|
0.18
|
Faulted hydrothermal
breccia
|
|
185
|
186.19
|
1.19
|
118
|
0.02
|
0.01
|
Quartz
stockwork
|
CDH-20-077
|
No Significative
Values
|
E Vein
|
CDH-20-078
|
No Significative
Values
|
E Vein
|
CDH-20-079
|
150.95
|
160
|
9.05
|
179
|
0.05
|
0.14
|
D vein
|
Includes
|
150.95
|
156.3
|
5.35
|
290
|
0.08
|
0.22
|
Includes
|
153.6
|
155.18
|
1.58
|
525
|
0.14
|
0.42
|
Includes
|
153.6
|
154.34
|
0.74
|
689
|
0.226
|
0.52
|
Includes
|
154.34
|
155.18
|
0.84
|
381
|
0.06
|
0.33
|
CDH-20-080
|
92
|
116.25
|
24.25
|
80
|
0.04
|
0.11
|
D Vein
|
Includes
|
98.61
|
109
|
10.39
|
131
|
0.06
|
0.13
|
CDH-20-081
|
No Significative
Values
|
|
CDH-20-082
|
26.3
|
30.5
|
4.2
|
42
|
0.02
|
0.03
|
F Vein
system
|
|
93
|
95.5
|
2.5
|
195
|
0.06
|
0.11
|
F Vein
|
Includes
|
93
|
94
|
1
|
434
|
0.15
|
0.15
|
and
|
127.5
|
198
|
70.5
|
112
|
0.02
|
0.1
|
B Vein
system
|
Includes
|
183
|
192
|
9
|
691
|
0.11
|
0.46
|
|
Includes
|
184.5
|
189.1
|
4.6
|
1,186
|
0.2
|
0.53
|
B Vein
|
Includes
|
184.5
|
186.05
|
1.55
|
1,455
|
0.13
|
0.34
|
Includes
|
186.05
|
187.55
|
1.5
|
1,055
|
0.378
|
0.88
|
Includes
|
187.55
|
189.1
|
1.55
|
1,045
|
0.092
|
0.38
|
CDH-20-083
|
261
|
261.85
|
0.85
|
231
|
0.374
|
0.09
|
F Vein
system
|
|
275.5
|
276
|
0.5
|
77
|
0.17
|
0.1
|
CDH-20-084
|
194
|
219
|
25
|
47
|
0.01
|
0.05
|
B Vein
system
|
Includes
|
206
|
213
|
7
|
126
|
0.02
|
0.08
|
Includes
|
208
|
210.45
|
2.45
|
208
|
0.01
|
0.05
|
|
Notes: 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
January 19, 2021. 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.
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SOURCE Kootenay Silver Inc.