Step Out Drilling on Promontorio
Intercepts 92 meters of 147 gpt Silver Equivalent (56 gpt Ag, 2.11%
Pb+Zn) Extending the Southwest Zone 100 Meters Down Dip. Includes 5
Meters of 378 gpt Silver Equivalent (174 gpt Ag, 4.72% Pb+Zn)
Kootenay Gold
Inc. (TSX VENTURE: KTN.V) is pleased to announce assay results from the
an additional 6 holes of its ongoing 25,000 meter multi-phase drilling
program on its Promontorio Silver project in
Sonora, Mexico.
Three
diamond drill rigs are currently operating on Promontorio
with two stepping out in a systematic manner outside of the Pit Resource
to the southwest and northeast. The third rig is working on stepping out
from PC 28 in the Northeast Zone.
States
Kootenay President and CEO James McDonald "We continue to hit
excellent intervals and grades of silver mineralization at depth in the
Pit Resource, to the southwest and to the northeast. Moreover, assays
show excellent continuity of silver mineralization between the Pit
Resource and the Southwest Zone, further supporting the Company's
resource expansion model that the SW Zone and Pit Resource form one large
and continuous zone."
"Additionally,
the first follow up holes to PC 28*, Northeast of the Pit Resource,
intercepted multiple zones of silver mineralization including medium to
high-grades in the Northeast Zone, where previously drilled, widely
spaced holes defined a 300 meter strike length, which is double the
strike length of Promontorio's established NI
43-101 Pit Resource, which bodes exceptionally well for additional
resource expansion potential in the Northeast Zone." Adds McDonald
(*See April 4, 2011 News Release)
Highlights
from the latest results include:
Southwest
and Pit Zone Area
DH
62
- Step out on section
- Returns 147 gpt
Ag Equivalent over 92 meters including 5 meters of 378 gpt Ag Equivalent.
- Mineralization extends 100 meters further
down dip from previously released DH 61 which returned 96 gpt Ag Equivalent over 182 meters including 290 gpt Ag Equivalent over 24 meters.
- Hole shows significant potential for new
resources at depth.
DH 67
- Two separate intervals over 40 meters in
core length
- 161 gpt Ag
Equivalent over 41 meters including 14 meters of 342 gpt Ag Equivalent
- 45 gpt Ag
Equivalent over 45 meters including 165 gpt
Ag Equivalent over 5 meters
- Other zones in DH 67 include 8 meters of
132 gpt Ag Equivalent including 4 meters
of 194 gpt Ag Equivalent; 7 meters of 58 gpt Ag Equivalent.
- Helps extend continuity of Pit
mineralization 75 to 100 meters further along strike into the
Southwest Zone.
DH 57
- Three mineralized intercepts
- 118 gpt Ag Equivalent over 31 meters
- 63 gpt Ag
Equivalent over 26 meters and
- 680 gpt Ag Equivalent over 5 meters
- Extends mineralization on section with DH
56 upto another 100 meters down dip. DH 56
was previously released and contained 251 meters grading 116 gpt Ag Equivalent including 66 meters of 186 gpt Ag Equivalent.
DH 64
- Hits shallow mineralization at 47 meter
hole depth grading 119 gpt Ag Equivalent
over 39 meters including 180 gpt Ag
Equivalent over 19 meters.
- Other intercepts include 4 meters grading
152 gpt Ag Equivalent and 21 meters of 115
gpt Ag Equivalent
Northeast
Zone
DH 65
- Up dip test of PC 28 which graded 237 gpt Ag Equivalent over 51 meters (see news
release April 4, 2011)
- Five
mineralized zones
- 167 gpt Ag Equivalent over 11 meters
- 122 gpt Ag Equivalent over 10 meters
- 96 gpt Ag
Equivalent over 20 meters including 122 gpt
Ag Equivalent over 10 meters
- 240 gpt Ag Equivalent over 8 meters
- 192 gpt Ag Equivalent over 3 meters
- 100 gpt Ag Equivalent over 3meters
DH 69
- Three mineralized zones
- 25 meters southwest of PC
28
- 128 gpt Ag Equivalent over 7 meters
- 45 gpt Ag Equivalent over 23 meters
- 35 gpt Ag Equivalent over 19 meters
TABLE OF RESULTS
Hole ID
|
Target
|
From
|
To
|
Interval
|
*AgEq (Ag,Pb,Zn)
|
Ag
|
Pb
|
Zn
|
Pb+Zn
|
(m)
|
(m)
|
(m)
|
(gpt)
|
(gpt)
|
(%)
|
(%)
|
(%)
|
DH-057-11
|
Pit In-fill
|
156
|
161
|
5
|
680
|
486
|
2.5
|
1.98
|
4.48
|
DH-057-11
|
Pit In-fill
|
379
|
405
|
26
|
63
|
20
|
0.4
|
0.62
|
1.02
|
DH-057-11
|
Pit In-fill
|
422
|
453
|
31
|
118
|
44
|
0.69
|
1.05
|
1.75
|
|
|
|
|
|
|
|
|
|
|
DH-062-11
|
Pit SW Extension
|
311
|
403
|
92
|
147
|
56
|
1.03
|
1.08
|
2.11
|
including
|
Pit SW Extension
|
344
|
349
|
5
|
378
|
174
|
3.03
|
1.69
|
4.72
|
|
|
|
|
|
|
|
|
|
|
DH-064-11
|
Pit SW Extension
|
47
|
86
|
39
|
119
|
51
|
0.7
|
0.87
|
1.57
|
including
|
Pit SW Extension
|
66
|
85
|
19
|
180
|
80
|
1.02
|
1.32
|
2.35
|
DH-064-11
|
Pit SW Extension
|
198
|
202
|
4
|
152
|
55
|
0.73
|
1.56
|
2.3
|
DH-064-11
|
Pit SW Extension
|
208
|
229
|
21
|
115
|
54
|
0.67
|
0.77
|
1.43
|
|
|
|
|
|
|
|
|
|
|
DH-065-11
|
NE
Zone
|
166
|
177
|
11
|
167
|
76
|
0.95
|
1.19
|
2.14
|
DH-065-11
|
NE
Zone
|
201
|
221
|
20
|
96
|
47
|
0.34
|
0.83
|
1.16
|
including
|
NE
Zone
|
204
|
214
|
10
|
122
|
69
|
0.39
|
0.84
|
1.24
|
DH-065-11
|
NE
Zone
|
225
|
228
|
3
|
192
|
74
|
1.83
|
0.89
|
2.73
|
DH-065-11
|
NE
Zone
|
236
|
239
|
3
|
166
|
130
|
0.56
|
0.28
|
0.84
|
DH-065-11
|
NE
Zone
|
246
|
254
|
8
|
240
|
109
|
1.25
|
1.82
|
3.07
|
|
|
|
|
|
|
|
|
|
|
DH-067-11
|
Pit SW Extension
|
98
|
106
|
8
|
132
|
54
|
0.83
|
0.99
|
1.82
|
including
|
Pit SW Extension
|
98
|
102
|
4
|
194
|
82
|
1.24
|
1.39
|
2.63
|
DH-067-11
|
Pit SW Extension
|
115
|
156
|
41
|
161
|
58
|
0.89
|
1.52
|
2.41
|
including
|
Pit SW Extension
|
140
|
154
|
14
|
342
|
123
|
1.88
|
3.26
|
5.15
|
DH-067-11
|
Pit SW Extension
|
159
|
166
|
7
|
58
|
28
|
0.36
|
0.35
|
0.71
|
DH-067-11
|
Pit SW Extension
|
256
|
301
|
45
|
65
|
28
|
0.41
|
0.46
|
0.87
|
including
|
Pit SW Extension
|
263
|
268
|
5
|
165
|
66
|
1.03
|
1.28
|
2.31
|
|
|
|
|
|
|
|
|
|
|
DH-069-11
|
NE
Zone
|
138
|
161
|
23
|
45
|
33
|
0.11
|
0.18
|
0.29
|
DH-069-11
|
NE
Zone
|
176
|
195
|
19
|
35
|
26
|
0.08
|
0.12
|
0.2
|
DH-069-11
|
NE
Zone
|
225
|
226
|
1
|
278
|
157
|
1.57
|
1.25
|
2.82
|
DH-069-11
|
NE
Zone
|
288
|
295
|
7
|
128
|
49
|
0.99
|
0.85
|
1.84
|
*Assuming
100% Metallurgical Recovery
|
|
*Prices used in Silver Equivalent (AgEq)
Calculations:
|
|
Ag dollars/oz
|
$15.00
|
|
|
|
|
|
|
|
Zn dollars/lb
|
$0.91
|
|
|
|
|
|
|
|
Pb dollars/lb
|
$0.97
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
current 25,000 meter step out drilling and resource definition program
represents the single largest and most expansive drilling campaign
conducted by Kootenay on the Promontorio Silver
project to date.
Click here for a drill results
map.
Upcoming
drilling will continue to concentrate on step out and in-fill drilling
off setting the numerous medium to high grade silver intercepts
concentrated along a 1.0 kilometer long mineralized corridor that
includes the Pit Resource, Pit NE zone, Northeast zone and Southwest
zone.
QA/QC
All
holes reported here were drilled with HQ sized diamond drill core with
some sections reduced down to NQ sized core. Core samples were cut using
a core saw with 1 to 2 meter long sample intervals. All mineralized intercepts
are drill core length drilled across a vertically inclined breccia system
at angles of 45 to 70 degrees. Dimensions of the breccia system are being
determined. The current resource sits approximately along 140 meters of
strike by 60 meters of horizontal width in a range of 20 to 90 meters and
to a 400 meter depth. Further Quality Assurance and Control procedures
are posted on the Kootenay Gold Inc. website.
The
foregoing geological disclosure has also been reviewed by James McDonald,
P. Geo (a qualified person for the purpose of National Instrument 43-101
Standards of Disclosure for Mineral Projects). Mr. McDonald is the
President and CEO and a director of Kootenay.
ABOUT
KOOTENAY
Kootenay Gold is actively
developing mineral projects in the Sierra Madre Region of Mexico and in
British Columbia, Canada. The Company's flagship property is the former
producing Promontorio Silver mine in Sonora
State, Mexico. The Company's objective is to develop near term
discoveries and long term sustainable growth. Kootenay's 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.
-30-
For additional information,
please contact:
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
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. 2011
number 16
|