Kootenay Announces Two Drill Rigs Operating on Promontorio, ThirdDiamond Drill Rig Has Been Mobilized and is Expected to CommenceDrilling in Two Weeks
Shares Outstanding: 44,958,100
VANCOUVER, June 15, 2011 /CNW/ - Kootenay Gold Inc. (TSX VENTURE: KTN.V) is pleased to announce that two diamond drills are now operating at theCompany's Promontorio Silver Project in Sonora, Mexico and a thirddiamond drill rig has recently been mobilized on site and is expectedto commence drilling in the next two weeks.
As previously announced on May 31, 2011, Kootenay has initiated 25,000meters of drilling to follow up on the success of the Company'srecently concluded 10,000 meter drill program on Promontorio. Thecurrent in-fill drilling and resource definition program represents thesingle largest and most expansive drilling campaigns conducted to dateby Kootenay on the Promontorio Silver project.
The 25,000 meter, multi-phase program will concentrate on step out andin-fill drilling off setting the numerous drill intercepts concentratedalong a 1.0 kilometer long mineralized corridor that includes the PitResource, Pit NE zone, Northeast zone and Southwest zone.
See 25,000 meter drill highlights and map: kootenaygold.ca
ABOUT KOOTENAY
Kootenay Gold is actively developing mineral projects in the SierraMadre Region of Mexico and in British Columbia, Canada. The Company'sflagship property is the former producing Promontorio Silver mine inSonora State, Mexico. The Company's objective is to develop near termdiscoveries and long term sustainable growth. Kootenay's management andtechnical team are proven professionals with extensive internationalexperience in all aspects of mineral exploration, operations andventure capital markets. Multiple, ongoing J/V partnerships in Mexicoand Canada maximize potential for additional, new discoveries whilemaintaining minimal share dilution.
The TSX Venture Exchange has not reviewed and does not acceptresponsibility for the adequacy or the accuracy of this release.
Cautionary Note to US Investors: This news release may contain information about adjacent properties onwhich we have no right to explore or mine. We advise U.S. investorsthat the SEC's mining guidelines strictly prohibit information of thistype in documents filed with the SEC. U.S. investors are cautioned thatmineral deposits on adjacent properties are not indicative of mineraldeposits on our properties. This news release may containforward-looking statements including but not limited to commentsregarding the timing and content of upcoming work programs, geologicalinterpretations, receipt of property titles, potential mineral recoveryprocesses, etc. Forward-looking statements address future events andconditions and therefore involve inherent risks and uncertainties.Actual results may differ materially from those currently anticipatedin such statements.
For further information:
James McDonald, CEO and President at 403-238-6986
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: www.kootenaygold.ca |
