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Message: KOOTENAY AND ARCTIC HUNTER COMMENCE A 3D INDUCED POLARIZATION STUDY AT THE SANTA
News Releases
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May 03, 2010 JOINT VENTURE - KOOTENAY AND ARCTIC HUNTER COMMENCE A 3D INDUCED POLARIZATION STUDY AT THE SANTA LUCIA GOLD PROPERTY IN SONORA, MEXICO |
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| Vancouver, BC - Kootenay Gold Inc. ("Kootenay") (TSX-V: KTN) and Arctic Hunter Uranium Inc. (CNSX: AHU) are pleased to announce that a 3D induced polarization geophysical survey ("3D-IP") has commenced and is underway on the Santa Lucia Gold and Silver property in Sonora, Mexico. The 3D geophysical program is comprised of approximately 20 line kilometers of line being surveyed over the property. Following the completion of the 3D program and receipt of all required drill permits, drilling will commence on all high priority targets. The 3D geophysical program is concentrating on the Santa Lucia north area where preliminary geologic mapping and sampling has been successfully completed. The results from the 3D-IP will aid in target definition and will be the basis for a comprehensive diamond drilling program at Santa Lucia. The 3D Induced Polarization survey will test two primary areas of interest as identified by the recent mapping and compilation of historic work primarily the Central and La Fortuna zones. The Santa Lucia north area has four mineralized zones forming a 1 by 4 kilometer area of intermittent veining and mineralization and is controlled by north and northwest trending structures. The known mineralization is open to the north and south. The Santa Lucia north area represents a target area where ore bodies may be buried by shallow cover. The extent of mineralization along trends measuring a few kilometers in length with only about 5% bedrock exposure lend support to the belief the area may contain buried epithermal vein type gold-silver deposits. Four main areas of alteration and mineralization have been mapped and sampled. From south to north they are the South, Central, San Geronimo and La Fortuna zones. Results will be reported once they have been received and compiled. The South and Central zones are defining an area of epithermal veining occurring intermittently along a minimum strike length of 1,500 meters. This trend is coincident and overlying a large resistivity anomaly at depth as defined by a CSAMT survey conducted in the late 1990's. This anomaly remains untested by drilling. Shallow drilling conducted in the 1990's tested a zone above this anomaly and returned gold values ranged from 0.25 g/t Au to 0.70 g/t Au with some thick low-grade sections including 22.95 m @ 0.51 g/t Au, 13.4 g/t Ag in hole SLC-4; 36.9 m @ 0.25 g/t Au, 15.9 g/t Ag in hole SLC-14. The San Geronimo and La Fortuna zones form a northwest trending zone of epithermal veining and alteration extending for at least 1,200 meters along strike and open to the northwest. This area is untested by drilling as historic drilling did not test the mineralization. Surface grab samples collected by Kootenay Gold (News Dec 10, 2009); have returned from background to a high of 34.8 g/t gold and 856 g/t silver from grab samples which indicates the potential for bonanza grades within the system. Additionally one sample of sericitically altered tuff without visible veining assayed 3.138 g/t Au and 173.8 g/t Ag which is an indication that mineralization may be found outside of veining opening up the possibility of wide areas of mineralization. Current work is in preparation of drill testing these zones. 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. Santa Lucia Gold & Silver Property The Santa Lucia gold project is comprised of two mineral claims covering 9,350 hectares. This large mineral concession is located in the southern Sonora state region of Mexico, extending 16.5 km north-south x 11.5 km east-west. The property is approximately 100 km northeast of Ciudad Obregon, Mexico. The Santa Lucia gold and silver project area contains several styles of precious-metals mineralization including: 1) coarsely crystalline, deep-seated, gold-silver +/- minor base metals quartz in Mesozoic plutonic rocks, 2) vuggy finely crystalline quartz-breccia veins and stockworks in Tertiary volcanics, 3) barren sulfide-deficient hairline quartz veinlets in Tertiary volcanics, 4) barren sulfataric (argillic and silicic) alteration in andesitic volcanics. About Kootenay Kootenay is focused on advancing the former producing Promontorio Silver Mine in Sonora State, Mexico. Significant intercepts include KP-25 with 386.64 meters of 46.15 g/t silver, 0.44 g/t gold & 1.54% lead/zinc -- including 97.67 meters of 100.4 g/t silver, 0.77 g/t gold & 3.24% lead/zinc. Intercepts encountered in KP 25 are associated with sulfides hosted in breccias and stockwork veining (see new Feb 5, 2009 news release). Since 2006, Kootenay has systematically advanced the Promontorio Silver Project with a 3D Induced Polarization Study, an Electromagnetic Airborne Study, Surface Sampling, Satellite Imagery, Trenching, Sampling, Mapping and more than 25,000 metres of Diamond Core Drilling. In addition, Kootenay has a portfolio of mineral projects in Sonora, Mexico and in British Columbia, Canada. -30- For additional information, please contact: James McDonald, CEO and President at 403-238-6986 or |
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