VANCOUVER, March 2, 2017 /CNW/ – Kootenay Silver Inc. (TSXV: KTN) (the “Company” or “Kootenay”) is pleased to announce plans are underway to proceed with the 2017 exploration program being conducted and operated by Pan American Silver Corp on its La Negra silver discovery in Sonora, Mexico. The program is part of an option agreement between Kootenay and Pan American that provides Kootenay with a series of work and cash commitments and a carried to production interest on La Negra.
The 2017 program will focus on defining the potential size of the La Negra magmatic hydrothermal silver-lead breccia. The current program budget is US$2.0 million and will entail approximately 6500 meters of diamond drilling, geologic mapping and reconnaissance work to define additional prospective targets proximal to La Negra within the Promontorio project. Drilling is scheduled to start late in the second quarter.