Kootenay Silver (KTN-V) March 31, '15 is pleased to announce results from the first six holes of its Phase II drill program on its Promontorio La Negra Silver discovery in Sonora, Mexico. All six holes intercepted significant widths and grades of silver mineralization.
States Kootenay President and CEO James McDonald "We are very pleased with results from the first six holes of our drill program on La Negra. In all six holes, substantial grades of silver mineralization were encountered. This is an exciting development that further supports and re-affirms results from our initial Phase I discovery program. As drilling advances, our objective will be to systematically build on the multiple high-grade silver intercepts encountered to date, as we continue to define the continuity of silver mineralization established on surface and at depth."
Highlights include:
LN 31-15
76 gpt Ag over 138 meters starting from surface includes three separate higher grade intervals; 160 gpt Ag over 12 meters,146 gpt Ag over 37 meters with 1 meter of 3040 gpt Ag and 115 gpt Ag over 23 meters
LN 30-15
120 gpt Ag over 60 meters from surface includes; 185 gpt Ag over 26 meters and 539 gpt Ag over 7 meters
LN 29-15
72 gpt Ag over 17 meters from 10 meter hole depth
LN 28-15
110 gpt Ag over 84 meters includes; 300 gpt Ag over 8 meters and 179 gpt Ag over 18 meters
LN 27-15
96 gpt Ag over 52 meters includes; 183 gpt Ag over 25 meters 357 gpt Ag over 8 meters with 963 gpt Ag over 2 meters and 322 gpt Ag over 5 meters
Details of the intercepts are in the following table:
Drill Hole
|
| From
(m)
| To
(m)
| Interval
(m)
| Silver
(gpt)
| Gold
(gpt)
| Lead
(%)
| Rock
Type
| LN-26-15
| -45/180 Az
| 37
| 72
| 35
| 49.37
| 0.092
| 0.16
| Breccia
|
| Including
| 37
| 46
| 9
| 72.00
| 0.017
| 0.17
| Breccia
|
| Including
| 68
| 72
| 4
| 129.75
| 0.070
| 0.40
| Breccia
| 102m EOH
|
|
|
|
|
|
|
|
| LN-27-15
| -70/180 Az
| 45
| 97
| 52
| 96.86
| 0.068
| 0.08
| Breccia
|
| Including
| 72
| 97
| 25
| 183.60
| 0.082
| 0.10
| Breccia
|
| Including
| 72
| 77
| 5
| 322.25
| 0.152
| 0.14
| Breccia
|
| Including
| 88
| 96
| 8
| 357.37
| 0.110
| 0.09
| Breccia
|
| Including
| 94
| 96
| 2
| 963.00
| 0.273
| 0.11
| Breccia
| 153m EOH
|
|
|
|
|
|
|
|
| LN-28-15
| -90/360 Az
| 55
| 139
| 84
| 110.48
| 0.079
| 0.47
| Breccia
|
| Including
| 98
| 116
| 18
| 178.94
| 0.098
| 0.24
| Breccia
|
| Including
| 123
| 131
| 8
| 300.70
| 0.180
| 2.04
| Breccia
| 168m EOH
|
|
|
|
|
|
|
|
| LN-29-15
| -90/360 Az
| 3
| 44
| 41
| 47.11
| 0.012
| 0.24
| Breccia
|
| Including
| 10
| 27
| 17
| 72.61
| 0.018
| 0.28
| Breccia
| 78m EOH
|
|
|
|
|
|
|
|
| LN-30-15
| -45/330 Az
| 0
| 60
| 60
| 120.70
| 0.032
| 0.43
| Breccia
|
| Including
| 22
| 48
| 26
| 185.84
| 0.041
| 0.59
| Breccia
|
| Including
| 22
| 29
| 7
| 539.28
| 0.097
| 1.29
| Breccia
| 102m EOH
|
|
|
|
|
|
|
|
| LN-31-15
| -65/360 Az
| 0
| 180
| 180
| 66.12
| 0.062
| 0.22
| Breccia/Phyllic Andesite
|
| Including
| 0
| 138
| 138
| 76.20
| 0.074
| 0.19
| Breccia/Phyllic Andesite
|
| Including
| 34
| 45
| 11
| 104.00
| 0.034
| 0.21
| Breccia
|
| Including
| 51
| 74
| 23
| 115.95
| 0.145
| 0.27
| Breccia
|
| Including
| 55
| 67
| 12
| 160.75
| 0.178
| 0.18
| Breccia
|
| Including
| 101
| 138
| 37
| 146.02
| 0.103
| 0.20
| Breccia
|
| Including
| 102
| 103
| 1
| 3040.00
| 0.434
| 0.24
| Breccia
|
| Including
| 162
| 180
| 18
| 62.61
| 0.039
| 0.64
| Breccia/Phyllic Andesite
| 222m EOH
|
|
|
|
|
|
|
| |
To view a drill plan outlining the location of the La Negra drilling visit: La Negra Drill Plan Map. To view results from Phase I drilling visit: La Negra Phase I Drilling Results.
Holes LN-26 to 29-15 were drilled southward on the same section defining about 165 meters of dip extent on the east end of the breccia. Hole LN-31-15 was drilled from within the breccia for 165 meters before exiting the footwall. Holes LN-29-15 and 30 were drilled on the west end of the breccia off the collar for LN-25-15.
These first holes were designed to begin expanding the area of known mineralization and to help define the limits and geometry of the breccia. Overall, the breccia is steeply to north dipping with probable minor fault offsets. Ten holes have been completed in this phase and the program is ongoing. Further results will be release once received and compiled.
La Negra is a strong and explosive diatreme breccia as evidenced by the strong tourmaline-sericite-quartz alteration throughout the matrix and dominant sericite alteration of clasts and textures and variety of clasts. Clasts are polymictic including instrusive and extrusive fragments, mineralized fragments and possible basement quartzite fragments indicating deep roots to the system.
La Negra Silver Discovery
The La Negra Breccia prospect is situated approx. 6.5kms 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 Phase II drill program on La Negra follows a successful Phase I drill program, which returned significant and consistent intervals of high grade, widespread silver mineralization extending from surface to depth, confirming a substantial new silver discovery. Highlights included 200 meters of 156 gpt Ag bottoming in 492 gpt Ag over 17 meters above which there is 6 meters of 1337 gpt Ag, 141 gpt Ag over 50 meters, including 212 gpt Ag over 28 meters and 323 gpt Ag over 15 meters. (See news releases, 'Drill Results' October 15th, November 26th and December 3rd, 2014 for more details). The Phase I drill program was led by a successful trenching and surface sampling program that confirmed extensive silver mineralization 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: http://www.kootenaysilver.com.
QA/QC
Core is being detailed logged and sampled with half the core being bagged, tagged, catalogued, sealed and sent to an accredited assay lab for analysis. A quality control program including blanks, standards and replicates is being used similar to that used on the Phase I and Promontorio drill program. Geotechnical data such as recovery, RQD and density are being recorded also. Drilling has been diamond drill HQ sized core and is being done by B.D Drilling Mexico, S.A. de C.V from Guadalajara, Mexico. Further Quality Assurance and Control procedures and details on assays procedures and laboratories used are disclosed on the Kootenay Silver Inc. website.
The foregoing geological disclosure has been reviewed and verified by Kootenay's CEO, James McDonald, P.Geo (a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects). Mr. McDonald is a director of Kootenay.
ABOUT KOOTENAY
Kootenay Silver Inc. is actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Its flagship property is the former producing Promontorio Silver mine in Sonora State, Mexico. Kootenay's objective is to develop near term discoveries and long-term sustainable growth. Its management and technical team are proven professionals with extensive international experience in all aspects of mineral exploration, operations and venture capital markets. Multiple, ongoing J/V partnerships in Mexico and Canada maximize potential for additional, new discoveries while maintaining minimal share dilution.
James McDonald, CEO and President
at +1-403-238-6986;
Ken Berry, Chairman
at +1-604-601-5652;
+1-888-601-5650; or
visit: http://www.kootenaysilver.com |
