Kootenay starts 3,000 metres of drilling on Promontorio
Kootenay Gold Inc (C:KTN)
Shares Issued 17,602,225
Last Close 7/16/2007 $1.05
Monday July 16 2007 - News Release
Mr. Ken Berry reports:
PHASE I DRILLING HAS COMMENCED ON KOOTENAY'S PROMONTORIO SILVER PROPERTY
Kootenay Gold Inc. ("Kootenay") ("KTN-TSX Venture") is pleased to announce that the first phase of diamond drilling has commenced on Promontorio. The program consists of 3,000 meters of diamond drilling with HQ-size core and is contracted to Layne Drilling out of Hermosillo Sonora, Mexico.
This first drill phase will concentrate on the historic areas of mineralization where high-grade silver occurs with lead-zinc sulfides in phreatic-type breccias. Recent chip sampling from Promontorio in the Pit Breccia has returned 480 grams per tonne silver, 2.51 grams per tonne gold, 11,199 ppm lead and 17,284 ppm zinc over an estimated true width of 19 meters. All samples were taken as continuous chips over a two-meter length as reported in a news release dated May 24, 2007.
In addition to the Pit Breccia two other breccias called the Adobe Breccia and Central Breccia will also be tested. Recent mapping augmented by airborne geophysics has outlined a northeast-trending mineralized zone along a strike of 2,000 meters and width of 500 meters. The Pit, Adobe and Central Breccias sit within a small portion of this trend in an area of about 100 by 250 meters.
Following the first phase drilling, a second round of drilling will be planned to follow up phase I results and to test additional priority target areas on the 2,000-meter trend.
The foregoing geological disclosure has been reviewed and verified by Kootenay's CEO, James McDonald, PGeo (a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects). Mr. McDonald is a director of the Company. |
