KOOTENAY DRILLING EXPANDS MINERALIZATION AT PROMONTORIO;
LARGE STEPOUT ENCOUNTERS MINERALIZATION TO A DEPTH OF 650 METERS
January 9, 2009, Vancouver, B.C. - Kootenay Gold Inc. TSX.V: KTN (�Kootenay�) is pleased to announce drill results from 16 holes at its 100% owned Promontorio Silver Discovery located in Sonora State, Mexico. Nine holes reported are from the PIT Discovery Zone and seven are �large step out� exploratory holes. A total of 57 holes have now been drilled on Promontorio, assay results are pending for an additional five drill holes.
Jim McDonald, CEO of Kootenay commented: �Significant mineralization and alteration encountered in the large step outs in the exploratory holes KP39 to 43 are further confirmation of the size and strength of the Promontorio mineral system and represent new drill targets. Given the success of large scale step outs at Promontorio, Kootenay intends to accelerate exploration to identify additional regional targets�.
The exploratory holes are within the large IP anomaly (see enclosed map) and step out 650 to 850 meters to the northeast (E or Northeast Zone) and up to 475 meters to the northwest of the Pit Discovery Zone. Holes KP 39, 40 and 41 tested the northeast end of the IP anomaly in the east end of the E Zone. Strong alteration and mineralization was encountered down to 650 vertical meters. Hole KP 43 drilled 475 meters northwest of the Pit Discovery Zone encountered several intervals of vein dominant mineralization.
Highlights of results include:
|
Drill Hole |
From (m) |
To (m) |
Interval (m) |
AgEq (Ag,Au) (g/t) |
Pb+Zn (%) |
|
Pit/Discovery Zone |
|
|
|
|
|
KP-37-08 |
83.92 |
123.70 |
39.78 |
79.60 |
1.85 |
|
Incl. |
108.45 |
123.70 |
15.25 |
184.90 |
3.78 |
|
KP-44-08 |
1.00 |
106.50 |
105.50 |
60.69 |
1.35 |
|
Incl. |
1.00 |
33.00 |
32.00 |
95.31 |
1.80 |
|
KP-44-08 |
130.50 |
136.50 |
6.00 |
138.20 |
1.39 |
|
KP-44-08 |
180.50 |
185.00 |
4.50 |
128.50 |
3.13 |
|
KP-44-08 |
202.00 |
321.00 |
119.00 |
72.21 |
2.25 |
|
Incl. |
222.00 |
294.00 |
72.00 |
93.43 |
3.09 |
|
KP-47-08 |
29.00 |
31.00 |
2.00 |
815.20 |
3.97 |
|
KP-52-08 |
154.50 |
157.50 |
3.00 |
181.80 |
1.82 |
|
East/Northeast Zone |
|
|
|
|
|
KP-39-08 |
293.21 |
311.94 |
18.73 |
52.97 |
1.26 |
|
KP-39-08 |
328.84 |
341.82 |
12.98 |
52.63 |
1.13 |
|
KP-39-08 |
590.30 |
621.00 |
30.70 |
48.45 |
1.68 |
|
KP-40-08 |
100.00 |
133.50 |
33.50 |
116.10 |
0.80 |
|
KP-41-08 |
550.50 |
561.00 |
10.50 |
55.99 |
2.14 |
|
Northwest Zone |
|
|
|
|
|
KP-43-08 |
129.50 |
138.50 |
9.00 |
59.62 |
2.34 |
|
|
|
|
|
|
|
|
*Weighted averages for intervals including lost or unsampled intervals were calculated using zero values for the missing intervals |
|
*Prices used in calculating AgEq: Au $790/oz, Ag $14/oz |
|
*If an assay value was below the detectable limit a value halfway between the detectable limit and zero was used: Au < 2 ppb = 1 ppb; Ag < 0.5 ppm = 0.25 ppm; Pb < 0.01% = 0.005%; Zn < 0.01% = 0.005% |
|
*Grades assume 100% recovery |
Drill results announced include 16 of 21 holes, namely KP 37 to KP 52. A total of 57 holes have now been drilled on Promontorio and assays are pending for holes KP 53 to KP 57. These holes consist of more exploratory and step out in the Dorotea Zone some 1600 meters northwest of the Pit Discovery Zone.
Holes KP 37, 38 and KP 42 to 48 and KP 50 and 52 were step out and infill holes in the Pit Discovery Zone. Holes KP 49 and 51 tested some veins in the west edge of the E Zone.
Eleven of the 16 holes contain mineralization which occurs as pyrite, galena, sphalerite in veins, veinlets, disseminations and breccia infilling along with calcite, quartz, sercite and propylitic alteration.
Drill results are summarized in the following table.
|
Drill Hole |
From (m) |
To (m) |
Interval (m) |
Ag (g/t) |
Au (g/t) |
AgEq (Ag,Au) (g/t) |
Pb (%) |
Zn (%) |
Pb+Zn (%) |
|
Pit/Discovery Zone |
|
|
|
|
|
|
|
|
|
KP-37-08 |
83.92 |
123.70 |
39.78 |
54.85 |
0.44 |
79.60 |
0.84 |
1.01 |
1.85 |
|
Incl. |
108.45 |
123.70 |
15.25 |
142.20 |
0.76 |
184.90 |
1.76 |
2.03 |
3.78 |
|
KP-37-08 |
155.95 |
167.20 |
11.25 |
22.00 |
0.37 |
42.99 |
0.34 |
0.48 |
0.82 |
|
KP-37-08 |
244.70 |
251.83 |
7.13 |
44.39 |
1.22 |
113.50 |
1.12 |
1.26 |
2.38 |
|
KP-37-08 |
280.00 |
308.71 |
28.71 |
41.80 |
0.30 |
58.91 |
0.61 |
0.72 |
1.34 |
|
Incl. |
305.30 |
307.06 |
1.76 |
163.10 |
1.14 |
227.20 |
2.64 |
3.12 |
5.76 |
|
KP-37-08 |
316.50 |
336.97 |
20.47 |
23.27 |
0.38 |
44.44 |
0.34 |
0.40 |
0.73 |
|
KP-37-08 |
359.81 |
360.96 |
1.15 |
57.19 |
2.14 |
178.10 |
1.09 |
0.03 |
1.12 |
|
KP-44-08 |
1.00 |
106.50 |
105.50 |
34.26 |
0.47 |
60.69 |
0.65 |
0.70 |
1.35 |
|
Incl. |
1.00 |
52.50 |
51.50 |
43.23 |
0.64 |
79.29 |
0.73 |
0.79 |
1.53 |
|
Incl. |
1.00 |
33.00 |
32.00 |
48.87 |
0.82 |
95.31 |
0.86 |
0.94 |
1.80 |
|
KP-44-08 |
123.00 |
126.00 |
3.00 |
92.05 |
0.58 |
124.90 |
1.34 |
1.33 |
2.67 |
|
KP-44-08 |
130.50 |
136.50 |
6.00 |
111.30 |
0.48 |
138.20 |
0.65 |
0.75 |
1.39 |
|
KP-44-08 |
180.50 |
185.00 |
4.50 |
87.40 |
0.73 |
128.50 |
1.26 |
1.87 |
3.13 |
|
KP-44-08 |
202.00 |
321.00 |
119.00 |
52.30 |
0.35 |
72.21 |
1.15 |
1.10 |
2.25 |
|
Incl. |
222.00 |
294.00 |
72.00 |
70.57 |
0.41 |
93.43 |
1.55 |
1.54 |
3.09 |
|
Incl. |
222.00 |
319.50 |
97.50 |
61.76 |
0.38 |
83.10 |
1.36 |
1.31 |
2.68 |
|
KP-45-08 |
117.00 |
201.00 |
84.00 |
7.60 |
0.25 |
21.68 |
0.09 |
0.10 |
0.19 |
|
Incl. |
117.00 |
150.00 |
33.00 |
7.53 |
0.31 |
24.86 |
0.08 |
0.09 |
0.17 |
|
KP-46-08 |
171.00 |
172.50 |
1.50 |
125.30 |
1.92 |
233.60 |
2.71 |
3.14 |
5.84 |
|
KP-47-08 |
29.00 |
31.00 |
2.00 |
687.10 |
2.27 |
815.20 |
1.37 |
2.60 |
3.97 |
|
KP-50-08 |
162.00 |
163.50 |
1.50 |
2.00 |
2.69 |
153.80 |
0.12 |
0.24 |
0.36 |
|
KP-52-08 |
154.50 |
157.50 |
3.00 |
67.25 |
2.03 |
181.80 |
0.94 |
0.88 |
1.82 |
|
KP-52-08 |
247.50 |
250.50 |
3.00 |
29.80 |
0.98 |
85.21 |
0.45 |
0.42 |
0.88 |
|
KP-52-08 |
331.50 |
334.50 |
3.00 |
20.30 |
0.83 |
66.97 |
0.38 |
0.40 |
0.78 |
|
East/Northeast Zone |
|
|
|
|
|
|
|
|
|
KP-39-08 |
293.21 |
311.94 |
18.73 |
37.58 |
0.27 |
52.97 |
0.60 |
0.66 |
1.26 |
|
KP-39-08 |
328.84 |
341.82 |
12.98 |
37.51 |
0.27 |
52.63 |
0.62 |
0.50 |
1.13 |
|
KP-39-08 |
450.85 |
520.24 |
69.39 |
16.44 |
0.17 |
26.08 |
0.47 |
0.37 |
0.84 |
|
Incl. |
492.00 |
513.63 |
21.63 |
22.89 |
0.26 |
37.54 |
0.67 |
0.47 |
1.13 |
|
Incl. |
463.70 |
483.34 |
19.64 |
20.16 |
0.15 |
28.46 |
0.54 |
0.57 |
1.10 |
|
Incl. |
450.85 |
483.34 |
32.49 |
17.29 |
0.17 |
26.93 |
0.48 |
0.43 |
0.92 |
|
KP-39-08 |
575.30 |
590.30 |
15.00 |
18.57 |
0.17 |
28.23 |
0.38 |
0.64 |
1.02 |
|
KP-39-08 |
590.30 |
621.00 |
30.70 |
30.67 |
0.32 |
48.45 |
0.74 |
0.94 |
1.68 |
|
KP-40-08 |
100.00 |
133.50 |
33.50 |
69.38 |
0.83 |
116.10 |
0.31 |
0.49 |
0.80 |
|
KP-40-08 |
174.00 |
241.50 |
67.50 |
12.44 |
0.23 |
25.41 |
0.13 |
0.18 |
0.31 |
|
KP-40-08 |
320.50 |
395.50 |
75.00 |
19.73 |
0.32 |
37.97 |
0.53 |
0.45 |
0.98 |
|
Incl. |
344.50 |
395.50 |
51.00 |
23.11 |
0.39 |
45.28 |
0.62 |
0.54 |
1.16 |
|
Incl. |
338.50 |
395.50 |
57.00 |
22.46 |
0.37 |
43.14 |
0.62 |
0.53 |
1.16 |
|
KP-41-08 |
523.50 |
565.50 |
42.00 |
22.73 |
0.08 |
27.34 |
0.54 |
0.49 |
1.03 |
|
KP-41-08 |
550.50 |
561.00 |
10.50 |
45.76 |
0.18 |
55.99 |
1.26 |
0.88 |
2.14 |
|
Northwest Zone |
|
|
|
|
|
|
|
|
|
KP-43-08 |
129.50 |
138.50 |
9.00 |
47.35 |
0.22 |
59.62 |
0.97 |
1.37 |
2.34 |
|
KP-43-08 |
152.00 |
156.00 |
4.00 |
0.25 |
1.66 |
93.64 |
0.02 |
0.05 |
0.07 |
|
KP-43-08 |
195.00 |
228.00 |
33.00 |
5.31 |
0.24 |
18.98 |
0.11 |
0.23 |
0.34 |
|
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|
|
|
|
|
|
|
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*Weighted averages for intervals including lost or unsampled intervals were calculated using zero values for the missing intervals |
|
*Prices used in calculating AgEq: Au $790/oz, Ag $14/oz |
|
|
|
|
|
|
*If an assay value was below the detectable limit a value halfway between the detectable limit and zero was used |
|
|
*Au < 2 ppb = 1 ppb; Ag < 0.5 ppm = 0.25 ppm; Pb < 0.01% = 0.005%; Zn < 0.01% = 0.005% |
|
|
|
|
*Grades assume 100% recovery |
|
|
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|
The Pit Discovery Zone remains open to the northeast, partially to the northwest and at depth to the southwest. The mineralization in the E/Northeast Zone is open and it�s shape and dimensions are yet to be defined. Positive results from surface sampling indicate this mineralization may come to surface. Mineralization 475 meters to the northwest in KP 43 shows another zone may occur in that area. A further 225 meters northwest of KP 43 is Zone A, where tourmaline-silica breccias returned up to 6.5 grams per tonne gold from grab samples.
Holes KP 38, 42, 48, 49 and 51 contained no significant intervals of mineralization.
This drilling has defined two new areas of mineralization to be pursued with further drilling. Integration of existing data with detailed mapping underway will define specific drill targets for the next phase of drilling.
Drilling
Drilling is all core and has been contracted to BDW International out of Guadalajara Mexico and all core has been HQ sized. Drill hole coordinates can be viewed at www.kootenaygold.ca
Sampling and Assaying
All core samples are cut by a rock saw with one half being returned to the core box for reference and the other being bagged in a plastic sample bag which is labeled, tagged, documented and sealed with wire. Each sample is placed in a rice sack and sealed with a zip tie. All samples are recorded and delivered to International Plasma Labs Ltd. (�iPL�) sample preparation lab in Hermosillo, Sonora, Mexico. Receipt of the samples is signed off at the preparation lab. Pulps of each sample are then prepared and sent to iPL Laboratories in Richmond B.C. Canada an ISO 9001-2000 certified full service laboratory. All of the samples referred to herein are core samples. A QA/QC program which includes the regular insertion by the Company of duplicates, blanks and standards has been instituted. iPL Laboratories also has its own system of replicate analysis and blanks which it provides to the Company. Each pulp is analyzed us ing iPL�s AU(FA/AAS) Ag/Ore-Grade by Multi acid digestion ICP (Cu/Pb/Zn/Ag) assay package. This is a multi acid digestion with gold analyzed with an AA finish with over limits done with gravimetric finish and silver analyzed by ICP (inductively coupled plasma) and a gravimetric finish on over limits while zinc was analyzed by ICP and lead by fire assay. Sample lengths vary from 0.5 to 2.0 meters in width with the majority being 1.5 or 2.0 meters.
Certain technical engineering data is also being collected from the core including RQD (Rock Quality Designation), recovery, photographs and specific gravity measurements.
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 the Company.
THIS PRESS RELEASE CONTAINS A MAP. CLICK HERE TO VIEW.
ABOUT KOOTENAY Kootenay is an emerging exploration Company actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. The Company's top priority remains the ongoing development of its Promontorio Silver project in Sonora State, northwest Mexico, which encompasses the former producing Promontorio Silver Mine.
For additional information, please contact:
James McDonald, CEO and President at 403-238-6986
or
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
Renmark Financial Communications Inc.
Barry Mire : bmire@renmarkfinancial.com
Rea Joline C. Unson : runson@renmarkfinancial.com
Montreal � Tel. : (514) 939-3989 / Fax : (514) 939-3717
Toronto � Tel. : (416) 644-2020 / Fax : (416) 644-2021
www.renmarkfinancial.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.
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.
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