Kootenay Gold could have a new discovery at Smoking Pipe

Kootenay Gold (TSX.V:KTN) reported channel sampling, geologic mapping and prospecting results from the Copley property, in the Nechako Plateau of north central British Columbia.

The results lifted shares in the junior exploration company by more than 10%.

Kootenay Gold’s main focused at Copley is the grassroots discovery of large gold deposits. Highlights from channel sampling included just over 10 grams per tonne gold over 2 meters, 4.8 grams per tonne gold over 3 meters and several wider zones of lower, but still very encouraging, gold mineralization. Grab samples returned grades up to 14 grams per tonne gold.

“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,” Kootenay noted to investors.

“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.”

To date the best results have emanated from the “Smoking Pipe” occurrence a 55 meters 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,” Kootenay stated.

Smoking Pipe sits on the outer rim of a circular magnetic low measuring about 1.5 by 2.0 kilometers across.
Kootenay is now applying for permitting to carry out additional work, including drilling.