Kootenay Silver (KTN-V) announces inaugural drill program completed on La Negra Silver Discovery and initiates plans for NI 43-101 resource calculation
Dec 3rd 2014 - NR
Kootenay Silver is pleased to announce results on the final 2 drill holes from its inaugural Phase I drill program on its new La Negra Breccia Silver Discovery, situated approximately 6.5 kilometers north of Kootenay's flagship Promontorio Silver Resource in Sonora, Mexico.
A total of 25 holes for 3173 meters of drilling have been completed along an approximate 400 meter strike length of the breccia. Silver mineralization is exposed at surface and is shown to extend to a vertical depth of at least 190 meters (approximately 110 meters above sea level) and along the entire length of the breccia, where drill testing and surface sampling was conducted. The breccia silver mineralization is open to the east and at depth, with possible extensions to the west as indicated from surface exposures.
States Kootenay President and CEO James McDonald "We are very pleased to conclude our inaugural drill program on the La Negra Diatreme Breccia system that has resulted in a significant and exciting new silver discovery in Mexico. Drilling continues to return high grades and shows a remarkable consistency of silver mineralization on surface and at depth across the entire length of the breccia. Results from the inaugural program will be immediately compiled and collated in a 3D model showing the geologic controls and assay results. This compilation will be used to design the next drill phase which is expected to begin early in the New Year. Based on the outstanding results to date, the objective is to move the project quickly to a maiden NI 43-101 resource calculation."
The remaining two holes LN 24 and 25-14 are reported herein, along with complete results of the 25 hole drill program. Drill hole LN 24-14 encountered high grades of silver starting at surface on the same section as LN 22 and 23-14. This is also the eastern most section drilled. LN 25-14 hit 60 meters of silver mineralized breccia from surface, which is interpreted to confirm a south dip in this area of the breccia.
Details of the final two drill hole intercepts are in the following table:
|
| Drill Hole
|
| From
| To
| Interval
| Silver
| Gold
| Lead
| Rock
|
|
| (m)
| (m)
| (m)
| (gpt)
| (gpt)
| %
| Type
| LN-24-14
| -45/360 Az
| 0
| 76
| 76
| 92.88
| 0.063
| 0.69
| Breccia/Stockwork
|
| Including
| 29
| 41
| 12
| 397.83
| 0.246
| 1.76
| Breccia
| 144m EOH
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LN-25-14
| -45/015 Az
| 0
| 61
| 61
| 44.86
| 0.017
| 0.17
| Breccia
|
| Including
| 0
| 19
| 19
| 50.11
| 0.020
| 0.34
| Breccia
|
| Including
| 3
| 30
| 27
| 74.18
| 0.026
| 0.24
| Breccia
|
| Including
| 21
| 30
| 9
| 128.55
| 0.037
| 0.13
| Breccia
| 115m EOH
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
To view cross sections of the drill holes visit: La Negra Cross Sections LN 01 to LN 25-14. To view a drill plan outlining the location of the La Negra drilling visit: La Negra Drill Plan Map.
Phase I Highlights include:
LN 01-14 Containing from surface; 110.46 gpt Ag over 41 meters including 223.23 gpt Ag over 13 metersLN 02-14 Containing from surface; 141.28 gpt Ag over 50 meters including 212.64 gpt Ag over 28 meters and 323.13 gpt Ag over 15 metersLN 03-14 Bottomed in mineralized breccia in a vertical hole from surface; 82.57 gpt Ag over 144 meters including 98 gpt Ag over 106 meters and 195.84 gpt Ag over 25 metersLN 04-14 Containing from surface; 92.98 gpt Ag over 92 meters including; 149.43 gpt Ag over 20 meters from surface and 146.38 gpt Ag over 31 meters from 43 meter depthLN 05-14 Containing from surface; 91 gpt Ag over 119 meters including 182.87 gpt Ag over 40 meters 367.85 gpt Ag over 14 metersLN 06-14 Containing from surface and bottomed in mineralized breccia; 92.79 gpt Ag over 98 meters including 168.33 gpt Ag over 21 meters including 214.3 gpt Ag over 13 metersLN 07-14 Containing from surface; 132.49 gpt Ag over 59 meters including 149.6 gpt Ag over 43 meters and 185.35 gpt Ag over 17 metersLN 08-14 Containing from 13 meter depth; 91.89 gpt Ag over 49 meters including 251 gpt Ag over 11 metersLN 10-14 Containing from 5 meters; 87.08 gpt Ag over 35 meters including 135.52 gpt Ag over 21 metersLN 13-14 Containing from surface; 61.43 gpt Ag over 140 meters including 79 gpt Ag over 47 meters and 355.16 gpt Ag over 8 metersLN 21-14 Containing from surface and bottomed in mineralization; 156.47 gpt Ag over 200 meters including 420.34 gpt Ag over 50 meters from 150 to 200 meters including 1337.66 gpt Ag over 6 meters and 492.30 gpt Ag over 17 meters at the bottom of the hole excl. the 6 meters of 1337 gpt Ag intervalLN 22-14 Containing from surface 265.31 gpt Ag including over 34 meters including 467.77 gpt Ag over 18 meters LN 23-14 Containing from surface; 239.92 gpt Ag over 30 meters including 459.76 gpt Ag over 13 metersLN 24-14 from surface on section with LN 22 and 23-14; 92.88 gpt Ag over 76 meters including 397.83 gpt Ag over 12 meters Management believes that La Negra is a diatreme breccia which implies good depth potential as diatreme breccias can extend to depths of 100's of meters. The depth potential in the La Negra Breccia is underscored by hole LN 21-14 as it bottoms in high silver grades at a vertical depth of around 150 meters showing the potential for resources to depth. The depth of the high silver grade shows the grades are primary so not a result of supergene enrichment.
Due to faulting and possibly the nature of the breccia contact itself the width of the breccia body is not well defined at this time. Thus far the apparent widths of the breccia interpreted from drilling are varying from about 60 to over 100 meters within a broader 200 by 500 meter area of breccia outcrop exposures.
The La Negra Breccia is cut by two northwest trending faults across which the dip of the breccia changes from near vertical to moderate southerly dips. This is evidenced by holes LN 11, 12, 14, 18, 19 and 20, which were drilled through the breccia into the footwall or directly within the footwall thus missing the bulk of the breccia body. Hole LN 25-14 drilled to the north confirms a southerly dip encountering 60 meters of breccia from surface followed by about 50 meters of stockwork and argillic alteration.
Drill hole intercepts LN 01 to 23-14 (Previously Announced):
|
| Drill Hole
|
| From
| To
| Interval
| Silver
| Gold
| Lead
| Rock
|
|
| (m)
| (m)
| (m)
| (gpt)
| (gpt)
| %
| Type
| LN-01-14
| -45/180 Az
| 3
| 44
| 41
| 110.46
| 0.068
| 0.126
| Breccia
|
| Including
| 18
| 37
| 19
| 177.1
| 0.113
| 0.056
| Breccia
|
| Including
| 18
| 31
| 13
| 223.23
| 0.129
| 0.07
| Breccia
| 95m EOH
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LN-02-14
| -60/180 Az
| 0
| 50
| 50
| 141.28
| 0.108
| 0.215
| Breccia
|
| Including
| 0
| 40
| 40
| 161.25
| 0.121
| 0.256
| Breccia
|
| Including
| 19
| 47
| 28
| 212.64
| 0.149
| 0.144
| Breccia
|
| Including
| 19
| 34
| 15
| 323.13
| 0.198
| 0.216
| Breccia
| 100m EOH
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LN-03-14
| -90/360 Az
| 0
| 144
| 144
| 82.57
| 0.058
| 0.309
| Breccia
|
| Including
| 0
| 27
| 27
| 108.32
| 0.077
| 0.618
| Breccia
|
| Including
| 0
| 106
| 106
| 98.03
| 0.062
| 0.373
| Breccia
|
| Including
| 0
| 78
| 78
| 114.63
| 0.066
| 0.383
| Breccia
|
| Including
| 53
| 78
| 25
| 195.84
| 0.107
| 0.144
| Breccia
|
| Including
| 54
| 67
| 13
| 229.38
| 0.104
| 0.166
| Breccia
| 144m EOH
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LN-04-14
| -60/360 Az
| 0
| 114
| 114
| 78.54
| 0.066
| 0.311
| Breccia
|
| Including
| 0
| 92
| 92
| 92.98
| 0.080
| 0.351
| Breccia
|
| Including
| 0
| 67
| 67
| 118.93
| 0.083
| 0.409
| Breccia
|
| Including
| 0
| 20
| 20
| 149.43
| 0.073
| 0.85
| Breccia
|
| Including
| 43
| 74
| 31
| 146.38
| 0.096
| 0.103
| Breccia
| 152m EOH
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LN-05-14
| -45/360 Az
| 0
| 119
| 119
| 91
| 0.046
| 0.576
| Breccia
|
| Including
| 0
| 88
| 88
| 108.85
| 0.040
| 0.625
| Breccia
|
| Including
| 89
| 119
| 30
| 40.4
| 0.065
| 0.427
| Breccia
|
| Including
| 51
| 91
| 40
| 182.87
| 0.071
| 1.171
| Breccia
|
| Including
| 51
| 65
| 14
| 367.85
| 0.111
| 1.84
| Stockwork
| 147m EOH
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LN-06-14
| -60/090 Az
| 3
| 101
| 98
| 92.79
| 0.104
| 0.153
| Breccia
|
| Including
| 3
| 55
| 52
| 124.36
| 0.089
| 0.224
| Breccia
|
| Including
| 3
| 24
| 21
| 168.33
| 0.126
| 0.416
| Breccia
|
| Including
| 3
| 16
| 13
| 214.3
| 0.131
| 0.618
| Breccia
| 101m EOH
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LN-07-14
| -60/270 Az
| 5
| 64
| 59
| 132.49
| 0.085
| 0.26
| Breccia
|
| Including
| 5
| 48
| 43
| 149.60
| 0.079
| 0.27
| Breccia
|
| Including
| 31
| 48
| 17
| 185.35
| 0.153
| 0.23
| Breccia
|
| Including
| 5
| 116
| 111
| 83.89
| 0.052
| 0.23
| Breccia/Stockwork
|
| Including
| 65
| 116
| 51
| 17.06
| 0.007
| 0.19
| Stockwork
|
| Including
| 106
| 116
| 10
| 41.90
| 0.013
| 0.47
| Stockwork
| 130m EOH
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LN-08-14
| -45/180 Az
| 13
| 62
| 49
| 91.89
| 0.015
| 0.26
| Breccia/+Andesite
|
| Including
| 30
| 41
| 11
| 251.00
| 0.035
| 0.15
| Breccia
|
| Including
| 53
| 62
| 9
| 59.70
| 0.009
| 0.53
| Breccia
| 137m EOH
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LN-09-14
| -60/180 Az
| 9
| 37
| 28
| 60.00
| 0.038
| 0.32
| Breccia
|
| Including
| 9
| 23
| 14
| 64.57
| 0.044
| 0.39
| Breccia
| 105m EOH
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LN-10-14
| -90/360 Az
| 5
| 40
| 35
| 87.08
| 0.037
| 0.51
| Breccia/+Andesite
|
| Including
| 10
| 35
| 25
| 116.56
| 0.045
| 0.60
| Breccia
|
| Including
| 14
| 35
| 21
| 135.52
| 0.053
| 0.65
| Breccia
|
|
| 70
| 78
| 8
| 37.25
| 0.005
| 0.24
| Breccia
|
|
| 157
| 163
| 6
| 38.83
| 0.063
| 0.27
| Breccia
| 191m EOH
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LN-11-14
| -60/360 Az
| 6
| 11
| 5
| 56.33
| 0.010
| 0.33
| Breccia
|
|
| 27
| 29
| 2
| 32.50
| 0.003
| 0.01
| Stockwork
| 131m EOH
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LN-12-14
| -45/360 Az
| 13
| 28
| 15
| 29.76
| 0.009
| 0.44
| Stockwork/Breccia
|
| Including
| 17
| 28
| 11
| 37.33
| 0.010
| 0.47
| Breccia
| 117m EOH
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LN-13-14
| -60/090 Az
| 0
| 140
| 140
| 61.43
| 0.048
| 0.38
| Breccia/Stockwork
|
| Including
| 24
| 71
| 47
| 79.00
| 0.052
| 0.31
| Breccia
|
| Including
| 12
| 19
| 7
| 95.57
| 0.050
| 0.22
| Stockwork
|
| Including
| 24
| 34
| 10
| 83.33
| 0.050
| 0.10
| Breccia
|
| Including
| 54
| 64
| 10
| 136.50
| 0.057
| 0.73
| Breccia
|
| Including
| 66
| 71
| 5
| 120.20
| 0.013
| 0.74
| Breccia
|
| Including
| 112
| 120
| 8
| 355.16
| 0.118
| 2.97
| Breccia
|
| Including
| 132
| 140
| 8
| 52.75
| 0.089
| 0.19
| Breccia
| 183.5m EOH
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LN-14-14
| -60/270 Az
| 0
| 33
| 33
| 179.65
| 0.033
| 0.33
| Breccia
|
| Including
| 13
| 24
| 11
| 412.11
| 0.062
| 0.24
| Breccia
|
| Including
| 26
| 30
| 4
| 181.00
| 0.055
| 0.72
| Breccia
|
|
| 48
| 60
| 12
| 31.50
| 0.008
| 0.13
| Stockwork
| 92m EOH
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LN-15-14
| 77m EOH
| No Significative Results
| Argillic Andesite
| LN-16-14
| 60m EOH
| No Significative Results
| Argillic/Propylitic
| LN-17-14
| 51m EOH
| No Significative Results
| Argillic/Propylitic
| LN-18-14
| 156m EOH
| No Significative Results
| Argillic/Propylitic
|
|
|
|
|
|
|
|
|
| LN-19-14
| -45/180 Az
| 70
| 82
| 12
| 289.58
| 0.040
| 1.42
| Breccia
|
| Including
| 74
| 82
| 8
| 421.37
| 0.051
| 1.93
| Breccia
| 193m EOH
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LN-20-14
| -45/180 Az
| 51
| 61
| 10
| 33.70
| 0.030
| 0.40
| Stockwork
|
|
| 97
| 133
| 36
| 79.05
| 0.065
| 0.24
| Breccia/Stockwork
|
| Including
| 105
| 133
| 28
| 99.35
| 0.089
| 0.24
| Breccia/Stockwork
|
| Including
| 111
| 133
| 22
| 107.66
| 0.100
| 0.16
| Breccia
| 192m EOH
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LN-21-14
| -45/290 Az
| 0
| 200
| 200
| 156.47
| 0.103
| 0.18
| Breccia/Stockwork
|
| Including
| 41
| 57
| 16
| 114.31
| 0.009
| 0.21
| Breccia
|
| Including
| 119
| 128
| 9
| 392.11
| 0.218
| 0.15
| Breccia
|
| Including
| 150
| 158
| 8
| 258.37
| 0.155
| 0.07
| Breccia
|
| Including
| 164
| 169
| 5
| 476.20
| 0.294
| 0.14
| Breccia
|
| Including
| 150
| 200
| 50
| 420.34
| 0.183
| 0.23
| Breccia
|
| Including
| 174
| 180
| 6
| 1337.66
| 0.475
| 0.28
| Breccia
|
| Including
| 183
| 200
| 17
| 492.30
| 0.128
| 0.50
| Breccia
| 200m EOH
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LN-22-14
| -90/360 Az
| 0
| 34
| 34
| 265.31
| 0.114
| 0.75
| Breccia/Stockwork
|
| Including
| 16
| 34
| 18
| 467.77
| 0.201
| 1.11
| Breccia
| 82m EOH
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LN-23-14
| -45/180 Az
| 0
| 30
| 30
| 239.92
| 0.053
| 0.41
| Breccia/Stockwork
|
| Including
| 17
| 30
| 13
| 459.76
| 0.090
| 0.59
| Breccia
|
| Including
| 17
| 23
| 6
| 899.50
| 0.161
| 1.15
| Breccia
|
| Including
| 18
| 19
| 1
| 3040.00
| 0.426
| 4.53
| Breccia
| 78m EOH
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Phase I Drill Program
Drilling in the Phase I program was conducted in widely spaced fences along 400 of 500 meters of La Negra's length to provide information on the sub-surface grade, continuity and geometry of the mineralized Breccia system. Current holes were broadly spaced as single holes or fences of holes from the same platforms in 115 to 50 meter spacing's along strike. Extensive zones of breccia and stockwork were encountered along the strike length and dips seem to vary from steep northerly dips to moderate southerly dips. The Phase I drill program totaled 25 HQ diameter core holes with 3173.5 meters of drilling.
La Negra Silver Discovery
The La Negra Breccia prospect is situated approx. 6.5 kms north of Kootenay's flagship Promontorio Silver Resource in Sonora, Mexico and is contained within a 25 x 15 km mineralized corridor, the 'Promontorio Mineral Belt.' The current Phase I drill program on La Negra follows a highly successful trenching and surface sampling program that confirmed widespread silver mineralization exists over a large 100 to 200 meters by 500 meters area on surface. (See news releases from May 28th and June 5th, 2014 for more details). To View Full Results of Sampling and drill Program Visit: www.kootenaysilver.com.
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.kootenaysilver.com |
