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Kootenay Silver Inc.

Publié le 26 novembre 2014

/C O R R E C T I O N from Source ...

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Mots clés associés :   Canada | G Mexico |

/C O R R E C T I O N from Source -- Kootenay Silver Inc./

Shares Outstanding: 70,110,683

VANCOUVER , Nov. 26, 2014 /CNW/ - Kootenay Silver Inc. (TSX VENTURE: KTN.V) ("Kootenay") is pleased to announce results on 16 additional drill holes from its 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 .

To date, a total of 25 holes have been drilled and completed in the inaugural discovery drill program on La Negra. Results from the final 2 holes of the program are pending and are expected to be released in the near future.

States Kootenay President and CEO, James McDonald "We are extremely pleased with assay results from the current 16 holes of the program. La Negra is rapidly evolving into an exciting new silver discovery that is ideally situated and continues to yield multiple high-grade results. The mineralization is outcropping on a hill top and drill results show both consistency of mineralization and demonstrated potential for continued high grades, as shown in holes such as LN 21-14 that returned 1337 gpt silver over 6 meters. Combined, these factors indicate strong potential for developing a significant low cost silver operation."

Highlights include:

  • 200 meters from surface of 156 gpt Silver in LN 21-14 including the bottom 50 meters grading 442 gpt Silver. This hole bottomed in 492 gpt over 17 meters.
  • 6 meters of 1337 gpt Silver in LN 21-14, the highest grade interval to date.
  • 34 meters from surface of 265 gpt Silver in LN 22-14 with 18 meters of 467 gpt Silver
  • 30 meters from surface of 250 gpt Silver in LN 23-14 with 13 meters of 459 gpt Silver
  • 33 meters from surface of 179 gpt Silver with 11 meters of 412 gpt Silver in LN 14-14.
  • 49 meters from 13 meter depth of 92 gpt Silver with 34 meters of 251 gpt Silver in LN 8-14.
  • 140 meters from surface of 61 gpt Silver with 47 meters of 79 gpt Silver and 8 meters of 355 gpt Silver in LN 13-14.

Details of the intercepts are in the following table:

Drill Hole


From

(m)

To
(m)

Interval

(m)

Silver

(gpt)

Gold
(ppb)

Lead

%

Rock

Type

LN-08-14

-45/180 Az

13

62

49

91.89

15.14

0.26

Breccia/+Andesite


Including

30

41

11

251.00

34.54

0.15

Breccia


Including

53

62

9

59.70

8.55

0.53

Breccia

137m EOH


















LN-09-14

-60/180 Az

9

37

28

60.00

38.19

0.32

Breccia


Including

9

23

14

64.57

44.00

0.39

Breccia

105m EOH


















LN-10-14

-90/360 Az

5

40

35

87.08

37.34

0.51

Breccia/+Andesite


Including

10

35

25

116.56

45.48

0.60

Breccia


Including

14

35

21

135.52

53.00

0.65

Breccia



70

78

8

37.25

5.25

0.24

Breccia



157

163

6

38.83

63.00

0.27

Breccia

191m EOH


















LN-11-14

-60/360 Az

6

11

5

56.33

9.66

0.33

Breccia



27

29

2

32.50

2.50

0.01

Stockwork

131m EOH


















LN-12-14

-45/360 Az

13

28

15

29.76

8.88

0.44

Stockwork/Breccia


Including

17

28

11

37.33

9.94

0.47

Breccia

117m EOH


















LN-13-14

-60/090 Az

0

140

140

61.43

47.75

0.38

Breccia/Stockwork


Including

24

71

47

79.00

52.00

0.31

Breccia


Including

12

19

7

95.57

49.85

0.22

Stockwork


Including

24

34

10

83.33

50.00

0.10

Breccia


Including

54

64

10

136.50

57.40

0.73

Breccia


Including

66

71

5

120.20

13.20

0.74

Breccia


Including

112

120

8

355.16

118.30

2.97

Breccia


Including

132

140

8

52.75

89.37

0.19

Breccia

183.5m EOH


















LN-14-14

-60/270 Az

0

33

33

179.65

33.21

0.33

Breccia


Including

13

24

11

412.11

61.77

0.24

Breccia


Including

26

30

4

181.00

55.25

0.72

Breccia



48

60

12

31.50

8.18

0.13

Stockwork

92m EOH


















LN-15-14

77m EOH

No Significant Results

Argillic Andesite

LN-16-14

60m EOH

No Significant Results

Argillic/Propylitic

LN-17-14

51m EOH

No Significant Results

Argillic/Propylitic

LN-18-14

156m EOH

No Significant Results

Argillic/Propylitic










LN-19-14

-45/180 Az

70

82

12

289.58

39.66

1.42

Breccia


Including

74

82

8

421.37

50.50

1.93

Breccia

193m EOH


















LN-20-14

-45/180 Az

51

61

10

33.70

29.85

0.40

Stockwork



97

133

36

79.05

64.92

0.24

Breccia/Stockwork


Including

105

133

28

99.35

88.57

0.24

Breccia/Stockwork


Including

111

133

22

107.66

100.00

0.16

Breccia

192m EOH


















LN-21-14

-45/290 Az

0

200

200

156.47

102.67

0.18

Breccia/Stockwork


Including

41

57

16

114.31

9.03

0.21

Breccia


Including

119

128

9

392.11

218.44

0.15

Breccia


Including

150

158

8

258.37

155.37

0.07

Breccia


Including

164

169

5

476.20

294.20

0.14

Breccia


Including

150

200

50

420.34

182.91

0.23

Breccia


Including

174

180

6

1337.66

475.00

0.28

Breccia


Including

183

200

17

492.30

128.23

0.50

Breccia

200m EOH


















LN-22-14

-90/360 Az

0

34

34

265.31

114.37

0.75

Breccia/Stockwork


Including

16

34

18

467.77

200.97

1.11

Breccia

82m EOH


















LN-23-14

-45/180 Az

0

30

30

239.92

53.13

0.41

Breccia/Stockwork


Including

17

30

13

459.76

89.65

0.59

Breccia


Including

17

23

6

899.50

160.50

1.15

Breccia


Including

18

19

1

3040.00

426.00

4.53

Breccia

78m EOH









To view cross sections of the drill holes visit: La Negra Cross Sections LN 01 to LN 23-14.  To view a drill plan outlining the location of the La Negra drilling visit: La Negra Drill Plan Map.
 

OCTOBER 15, 2014 News Release (Previously Announced)

Drill Hole


From

(m)

To

(m)

Interval

(m)

Silver

(gpt)

Gold

(ppb)

Lead

%

Rock

Type

LN-01-14

 -45/180 Az

3

44

41

110.46

67.71

0.126

Breccia


Including

18

37

19

177.1

112.78

0.056

Breccia


Including

18

31

13

223.23

129.38

0.07

Breccia

95m EOH


















LN-02-14

-60/180 Az 

0

50

50

141.28

107.72

0.215

Breccia


Including

0

40

40

161.25

121.15

0.256

Breccia


Including

19

47

28

212.64

149.14

0.144

Breccia


Including

19

34

15

323.13

197.8

0.216

Breccia

100m EOH


















LN-03-14

-90/360 Az 

0

144

144

82.57

57.93

0.309

Breccia


Including

0

27

27

108.32

77.3

0.618

Breccia


Including

0

106

106

98.03

62.19

0.373

Breccia


Including

0

78

78

114.63

66.04

0.383

Breccia


Including

53

78

25

195.84

107.4

0.144

Breccia


Including

54

67

13

229.38

103.61

0.166

Breccia

144m EOH


















LN-04-14

-60/360 Az 

0

114

114

78.54

66.4

0.311

Breccia


Including

0

92

92

92.98

79.68

0.351

Breccia


Including

0

67

67

118.93

83.39

0.409

Breccia


Including

0

20

20

149.43

73.21

0.85

Breccia


Including

43

74

31

146.38

95.67

0.103

Breccia

152m EOH


















LN-05-14

-45/360 Az 

0

119

119

91

46.44

0.576

Breccia


Including

0

88

88

108.85

39.95

0.625

Breccia


Including

89

119

30

40.4

64.55

0.427

Breccia


Including

51

91

40

182.87

70.97

1.171

Breccia


Including

51

65

14

367.85

111.42

1.84

Stockwork

147m EOH


















LN-06-14

-60/090 Az 

3

101

98

92.79

104.37

0.153

Breccia


Including

3

55

52

124.36

88.59

0.224

Breccia


Including

3

24

21

168.33

125.8

0.416

Breccia


Including

3

16

13

214.3

131.3

0.618

Breccia

101m EOH


















LN-07-14

 -60/270 Az

5

64

59

132.49

85.34

0.26

Breccia


Including

5

48

43

149.60

78.96

0.27

Breccia


Including

31

48

17

185.35

153.18

0.23

Breccia


Including

5

116

111

83.89

52.49

0.23

Breccia/Stockwork


Including

65

116

51

17.06

7.42

0.19

Stockwork


Including

106

116

10

41.90

12.80

0.47

Stockwork

130m EOH










These results highlight the importance of the La Negra discovery and the potential for finding and developing additional high grades. Drilling has tested and encountered Breccia and stockwork mineralization along a strike length of 400 meters to vertical depths of over 190 meters. Due to faulting and possibly the nature of the breccia contact itself the width of the breccia body is undetermined at this time. Thus far minimum drilled widths are varying from about 60 to 100+ meters within a broader 200 by 500 meter area of breccia outcrop exposures.

The breccia is cut by two northwest trending faults across which the dip of the breccia changes from near vertical dips 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.  The last hole LN 25-14 (assays pending) drilled to the north confirms a southerly dip encountering 60 meters of breccia from surface followed by about 50 meters of stockwork.

Holes LN 15 to 18 were drilled at the western edge of the breccia and seem to define the western extent of the main breccia body. However outcropping breccia does occur about another 50 meters further west of these holes so a western extension or a separate breccia body is implied.

Breccia characteristics indicate the La Negra Breccia is a in the vent facies of a diatreme. Diatreme breccias have extensive depth potential in the order of 100's of meters. The La Negra Breccia also appears to have a steep northeast plunge to the system.

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 75 meter spacings 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 included approximately 3100 meters of core drilling. A total of 25 HQ diameter core holes were drilled and completed.

La Negra Silver Discovery

The La Negra Beccia 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 28 th and June 5 th, 2014 for more details). Recently, each of the first seven holes of its current Phase I drill program on La Negra returned significant intervals and high grades of widespread silver mineralization extending from surface to depth, confirming a substantial new silver discovery. (See news release, 'Drill Results' Oct. 15, 2014 for more details)

To View Full Results of Sampling and drill Program Visit: 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 Promontorio drill program.  Geotechnical data such as recovery, RQD and density are being recorded also. Sample lengths are one meter in breccia or stockwork zones and 2 meters in other zones. All drilling has been with HQ core and is being done by BD Drilling 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements: The information in this news release has been prepared as at November 25 , 2014.  Certain statements in this news release, referred to herein as "forward-looking statements", constitute "forward-looking statements" under the provisions of Canadian provincial securities laws.  These statements can be identified by the use of words such as "expected", "may", "will" or similar terms.

Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Kootenay as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies.  Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements.  Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made.  Except as otherwise required by law, Kootenay expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Kootenay's expectations or any change in events, conditions or circumstances on which any such statement is based.

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.

This press release uses the terms "Measured", "Indicated", and "Inferred" resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. "Inferred Mineral Resources" have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of a Mineral Resource is economically or legally mineable.  

SOURCE Kootenay Silver Inc.

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Kootenay Silver Inc.

EXPLORATEUR
CODE : KTN.V
ISIN : CA5005831097
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Kootenay Silver est une société développant des projet miniers d'or et d'argent basée au Canada.

Kootenay Silver détient divers projets d'exploration au Canada et au Mexique.

Ses principaux projets en exploration sont CONNOR CREEK, ROSETTA STONE, JUMPING JOSEPHINE, SILVER FOX CANADA et BC PROPERTIES au Canada et ESPIRITU, SANTA LUCIA NORTE, PROMONTORIO et SONORA PROPERTIES au Mexique.

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22/01/2015Kootenay mobilizes plans for Phase II drill program on La Ne...
12/01/2015Theia Resources Closes Option Agreement on the Fox and 2 X F...
23/12/2014KOOTENAY CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEM...
23/12/2014Kootenay closes first tranche of non-brokered private placem...
10/12/2014KOOTENAY ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UP TO $...
10/12/2014Kootenay announces non-brokered private placement of up to $...
08/12/2014KOOTENAY RETAINS SERVICES OF HANS SMIT P.GEO TO ASSIST IN DE...
08/12/2014Kootenay retains services of Hans Smit P.Geo to assist in de...
03/12/2014Kootenay announces inaugural drill program completed on La N...
26/11/2014/C O R R E C T I O N from Source -- Kootenay Silver Inc./
15/10/2014KOOTENAY DRILLING CONFIRMS NEW SILVER DISCOVERY ON PROMONTOR...
10/10/2014Kootenay Silver Inc. amends warrant expiry date
25/02/2014Mid=2DDay Breaking News from Kootenay Silver and Rango Energ...
25/02/2014Kootenay Provides Exploration Update Of Promontorio Satellit...
05/02/2014Kootenay Silver points to the success of the 2013 drill prog...
05/02/2014Kootenay Silver Points To The Success Of The 2013 Drill Prog...
20/12/2013T'was the week before Christmas at the office of Kootenay Si...
13/11/2013Kootenay Hits 218 gpt Silver Eqv Over 45 Meters (107 gpt Ag,...
23/10/2013Kootenay hits 183 gpt Silver Eqv over 25 meters including 30...
18/09/2013Kootenay Announces Drill Program Underway on Promontorio. Cu...
18/09/2013Kootenay Announces Drill Program Underway On Promontorio. C...
04/09/2013Mid=2DDay Breaking News From Zenyatta Ventures and Kootenay ...
04/09/2013KOOTENAY ANNOUNCES DRILLING TO COMMENCE ON PROMONTORIO - PRO...
30/07/2013Midday Breaking News From Kootenay Silver and Majestic Gold
04/06/2013Kootenay Silver: Drilling Encounters High-Grade Silver Zone ...
28/05/2013Singing the Song of Sonora: Kootenay Silver's Promontorio Re...
14/05/2013Kootenay Silver Approaches Milestone With Latest Updated Res...
26/04/2013closes $4.75M Private Placement with Agnico-Eagle Mines Limi...
23/04/2013Kootenay Announces Strategic Investment by Agnico-Eagle Mine...
04/04/2013Mid-Day Breaking News From Abzu Gold, Kootenay Silver, and I...
04/04/2013Kootenay Announces Updated NI 43-101 Resource Calculation Co...
04/04/2013(Promontorio)Announces Updated NI 43-101 Resource Calculation Commissione...
26/03/2013Century Mark: Kootenay Silver's Aggressive Drill Program Tow...
17/01/2013Mid-Day Breaking News From Focus Ventures and Kootenay Silve...
07/11/2012Mid-Day Breaking News From Eagle Hill and Kootenay Silver
07/11/2012Kootenay Silver Announces 30,000 Meter, Multi-Phase Drilling...
07/11/2012Kootenay Silver Announces 30,000 Meter, Multi-Phase Drilling...
31/10/2012Mid-Day Breaking News From Coronet, Intertainment, and Koote...
25/10/2012Mid-Day Breaking News From Forum Uranium, Kootenay, Mineral ...
04/10/2012Silver Announces $6 Million Private Placement
06/09/2012Mid-Day Breaking News From Canoel, Blackbird, MAG Silver, Ko...
21/08/2012Kootenay Silver Announces Results of Updated NI 43-101 Resou...
21/08/2012KTN News Release: Kootenay Silver Announces Results of Updat...
25/07/2012Kootenay News Release - Promontorio Update: NI 43-101 Resour...
15/06/2012Kootenay and Pinecrest Announce Drill Results from the Espir...
17/05/2012(Promontorio)Announces Progress Update of New NI 43-101 Resource Calculat...
17/05/2012Mid-Day Breaking News from El Nino, Kootenay, Tajiri, Novadx...
02/05/2012Mid-Day Breaking News From Moneta Porcupine, Kootenay, Lomik...
25/04/2012Kootenay Hits 18 Meters of 254 gpt Silver Eqv Within 89 Mete...
25/04/2012Hits 18 Meters of 254 gpt Silver Eqv Within 89 Meters of 84 ...
25/04/2012Kootenay Drills18 Meters of 254 gpt Silver Eqv Within 89 Met...
06/02/2012Mid-Day Breaking News From Douglas Lake, Maple Leaf, and Koo...
06/02/2012(Promontorio)Announces Name Change to Kootenay Silver Inc. As High-grade ...
06/02/2012For Immediate Release: Kootenay Announces Name Change; Silve...
01/02/2012(Promontorio)Hits 873 gpt Silver Eqv Over 18 Meters in NE Zone (471 gpt ...
01/02/2012Kootenay Hits 873 gpt Silver Eqv Over 18 Meters in NE Zone (...
17/01/2012Mid-Day Breaking News From Kootenay, Next Gen, International...
17/01/2012(Promontorio)Hits 706 gpt Silver Equivalent Over 16 Meters (370 Ag and 7....
03/10/2011(Promontorio)Promontorio Drilling Intercepts 47 Meters of 214.2 gpt Silve...
15/06/2011News Release for Immediate Dissemination
31/05/2011(Promontorio)Drills 146 gpt Silver eqv over 234m as 10,000 Meter Drill P...
04/04/2011For Immediate Release, Kootenay News (KTN)
26/07/2010Drilling Commences on Deer Creek Gold Property
14/07/2010Accelerates Work Programs; Results Pending
22/06/2010Joint Venture - Exploration Commences on Jumping Josephine G...
03/05/2010And Arctic Hunter Commence a 3D Induced Polarization Study a...
08/03/2010Joins Alberta Star Bid to Acquire One of The Worlds Largest ...
23/02/2009ANNOUNCES THREE NEW MINERAL DISCOVERIES
17/02/2009DISCOVERS SEVEN NEW STRONGLY MINERALIZED ZONES AT PROMONTORI...
31/03/2008OPTIONS SIX MEXICAN MINERAL CONCESSIONS TO KLONDIKE SILVER
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