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Kootenay Silver Inc.

Publié le 09 janvier 2009

Kootenay Drilling Expands Mineralization at Promontorio ; Large Stepout Encounters Mineralization to

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Mots clés associés :   Canada | G Mexico | Kootenay Gold | Zinc |

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

 

 

 

 

 

 

 

 

 

 

*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

 

 

 

 

 

 

 

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.

<
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

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, SILVER FOX CANADA et BC PROPERTIES au Canada et ESPIRITU, SANTA LUCIA NORTE, PROMONTORIO, JUMPING JOSEPHINE et SONORA PROPERTIES au Mexique.

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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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