Vancouver, B.C. -
Kootenay Gold Inc. TSX.V: KTN ("Kootenay") is pleased to announce results of channel
sampling, geologic mapping and prospecting on the Copley property in the
Nechako Plateau of north central B.C. Work during the 2010 season on the
Copley is part of a larger generative program looking for multi million
ounce gold deposits within the Nechako Plateau, an area of B.C. that is
conducive for the formation and discovery of such deposits. The recent
discovery at the Blackwater-Davison property
underscores the potential of the area.
HIGHLIGHTS
OF COPELY CHANNEL SAMPLE INCLUDE:
- 10.02
g/t gold over 2 meters;
- 4.8
g/t gold over 3 meters;
- 0.55
g/t gold over 7 meters;
- 0.33
g/t gold over 9 meters (with 0.461 g/t
gold over 5 meters);
- 0.226
g/t gold over 8 meters.
HIGHLIGHTS OF PROSPECT SAMPLING:
- Up
to 14 g/t gold from grabs
NECHAKO GENERATIVE PROGRAM -
"Looking for Multi-Million Ounce Gold Deposits"
The results of exploration encountered several areas of high level
epithermal mineralization evidenced by hydrothermal breccias, silicification, argillic
alteration associated mostly with an east west trend of rhyolite
domes within a larger northeast structural corridor. The different areas of
mineralization define a large area over a 6 by 2 kilometer trend. Outcrop
is generally poor indicating potential for buried deposits is good.
The best mineralized occurrence to date, the Smoking Pipe occurrence, is a
large 55 by 150 meter outcrop of silicified rhyolite
and rhyolite porphyry ubiquitously altered by
quartz stockwork veinlets,
hydrothermal breccia and silicification.
The occurrence is anomalous in gold throughout.
The Smoking Pipe occurrence sits on the outer rim of a circular magnetic
low measuring about 1.5 by 2.0 kilometers across. This low is overburden
covered and may represent magnetic destruction caused by the epithermal
system that mineralized the Smoking Pipe. The magnetic low is a notable
feature as gold mineralization at the nearby Blackwater
Davison discovery is reported to occur with magnetic lows.
The Smoking Pipe is one of several mineralized areas covered by the
property. A map detailing the channel sampling of the Smoking Pipe will be
posted on the Kootenay Gold Inc. website.
Permitting is underway for further work to include drilling, geophysics and
additional mapping and channel sampling.
QA/QC
Rock and soil samples were prepared at the Acme Analytical Laboratories Ltd
("Acme") preparation lab in Vancouver, B.C..
Rock samples were crushed to 70% passing a 2mm screen, and a 250 g split
from the crushed sample was then pulverized to 85% passing a 75 micron
screen. The samples were then fire assayed for gold (Group 3B, 30-gram
sample), and analyzed by 35-element ICP-ES with four-acid digestion (Group
1E) for surface rock samples, and aqua regia
digestion for channel samples (Group 1DX) at the ACME Vancouver analytical
lab.
Channel sampling comprised of 10 lines: two base lines 10 meters apart
trending 050o and 8 tie lines roughly 10 apart and trending approximately
150o (Figs. 9-3 and 9-4). In all, 249 samples were collected. Channels were
cut with a gas-powered cut-off saw using a 16 inch diamond blade. Channels
were approximately 3 cm wide and 3 cm deep; and samples were loosened using
a cold chisel and then placed in a bag. Each bag was labeled with a unique
code; and a corresponding metal pin with a scribed metal tag was placed at
each sample site. Prospecting samples were handled in the same manner.
All samples were securely handled. Sample material was placed in
polyurethane, woven (rock) and their tops secured and shipped to ACME Labs
Ltd. in Vancouver, B.C together with sample shipment forms listing the
sample numbers.
The foregoing geological disclosure has also 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 is actively developing mineral projects in the Sierra Madre Region
of Mexico and in British Columbia, Canada. The Company flagship property is
the former producing Promontorio Silver Mine in
Sonora State, Mexico.
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information
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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. 2010 number 24
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