120 M of 164 gpt Silver Eqv (68 gpt Ag & 2.24% Pb+Zn)
posted on
Dec 06, 2011 04:15PM
Kootenay's La Negra prospect is a significant and exciting new high grade silver discovery that offers exceptional potential to evolve into a substantial near surface, open-pit resource.
December 06, 2011 PROMONTORIO - Kootenay Drills 120 M of 164 gpt Silver Eqv (68 gpt Ag & 2.24% Pb+Zn) Incl High-Grade Intervals; 31 M of 292 gpt Silver Eqv (118 gpt Ag & 4.06 Pb+Zn) and 13 M of 362 gpt Silver Eqv |
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Kootenay Gold Inc. (TSX VENTURE: KTN.V) is pleased to announce assay results from an additional five drill holes from its 25,000 meter, ongoing, multi-phase, in-fill drill and resource definition program on its Promontorio Silver Project in Sonora, Mexico. Drill holes DH 79 and 77 are from the Southwest and Pit NE extension areas respectively and DH 75, 85 and 86 are from the Northeast Zone. All five drill holes encountered consistent, widespread silver mineralization and multiple high-grade silver intercepts in Promontorio's Southwest Extension Zone, and Northeast Zone, which sits 700 meters outside of the current 43-101 Pit Resource. (To view map please visit:http://www.kootenaygold.ca/i/projects/Promontorio/drillresultsmap.pdf) States Kootenay CEO James McDonald "We are very pleased and excited with results from the current five holes of our 25,000 meter drill program. We are consistently hitting excellent grades of silver mineralization in both the Southwest Zone, extending from the Pit Resource, and in the emerging Northeast Zone, which sits 700 meters outside of the 43-101 Pit Resource". "Hole DH 79 underlines the high-grade silver potential that exists within the system. The high-grade results that we continue to achieve across Promontorio's 1.0 kilometer long mineralized corridor will play a major factor in building and adding to the overall volume of contained silver ounces in the resource as we move toward a future updated 43-101 Resource Estimate" Adds McDonald.. The current 25,000 meter in-fill drilling and resource definition program represents the single largest and most expansive drilling campaigns conducted by Kootenay on the Promontorio Silver project to date. Upcoming drilling will continue to focus on step out and in-fill drilling off setting the numerous silver intercepts concentrated along a 1.0 kilometer long mineralized corridor that includes the Pit Resource, Pit NE Zone, Northeast Zone and Southwest Zone. Table of the full results follows:
*Prices used in Silver Equivalent (AgEq.) Calculations: Ag dollars/oz 15.00 Zn dollars/lb 0.91 Pb dollars/lb 0.97 DH 79 returned 120 meters grading 164 gpt Silver Equivalent (68 gpt Ag and 2.24% Pb+Zn) with three high grade intervals of 31 meters of 292 gpt Silver Equivalent (118 gpt Ag and 4.06 Pb+Zn) including 13 meters of 362 gpt Silver Equivalent (149 gpt Ag and 4.96% Pb+Zn) and 30 meters of 212 gpt Silver Equivialent (93 gpt Ag and 2.76% Pb+Zn).
DH 77 returned two intervals, first 97 meters of 76 gpt Silver Equivalent (31 gpt Ag and 1.04% Pb+Zn) including 13 meters of 155 gpt Silver Equivalent (64 gpt Ag and 2.11% Pb+Zn) and second 47 meters of 81 gpt Silver Equivalent (33 gpt Ag and 1.11% Pb+Zn) including 7 meters of 161 gpt Silver Equivalent (60 gpt Ag and 2.35% Pb+Zn)
Drill holes DH 75, 85 and 86 are from the Northeast Zone DH 75 returned three intervals including 233 gpt silver Equivalent over 9 meters (109 gpt Ag and 2.9% Pb+Zn); 55 gpt Silver Equivalent over 10 meters (45 gpt Ag and 0.23% Pb+Zn) and 50 gpt Silver Equivalent over 42 meters (25 gpt Ag and 0.59% Pb+Zn) that includes 140 gpt Silver Equivalent over 4 meters (67 gpt Ag and 1.69% Pb+Zn)
DH 85 returned 107 gpt Silver Equivalent over 24 meters (46 gpt Ag and 1.45% Pb+Zn) including 5 meters of 221 gpt Silver Equivalent (86gpt Ag and 3.17 % Pb+Zn) and 7 meters of 149 Silver Equivalent (64 gpt Ag and 1.99% Pb+Zn)
DH 86 returned 2 meters of 79 gpt Silver Equivalent (69 gpt Ag and 0.23% Pb+Zn) and 1 meter of 1,520 gpt Silver Equivalent (699 gpt Ag and 19.10% Pb+Zn)
QA/QC The foregoing geological disclosure has also 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 -30- For additional information, please contact: |