Kootenay Silver Inc. (TSXV: KTN) (the “Company” or “Kootenay”) is pleased to announce that it has completed the first three drill holes of the previously announced 7,500-meter core drill program being carried out at its 100% owned La Cigarra silver project located in Chihuahua State, Mexico.
Drilling continues with the forth drill hole of the program underway on the eastern portion of the Las Venadas Zone, where an extensive new area of silver mineralization has been recently discovered by Kootenay’s technical team through an ongoing geological mapping and sampling program. This new mineralized area within the Las Venadas Zone measures 400 x 200 meters and is open to the north towards the Las Carolinas Zone and to the south.
The new mineralized area is believed to be the southeasterly continuation of the San Gregorio-Las Carolinas silver mineralized trend that hosts La Cigarra’s established NI 43-101 silver resource. Detailed exploration within the southeast area of Las Venadas was initiated after sampling by Kootenay returned values of 190, 323 and 582 gpt silver over the prospective area from surface grab samples. The zone is open to the southeast as some of the strongest mineralization becomes covered by tertiary rhyolites where prospecting values of 139, 195, 179, 133, 56 and 53 gpt silver were obtained from grab samples. Of the 168 samples taken during the program results ranged from a high of 582 gpt to less than 1 gpt silver, 42 samples reported grades exceeding 20 gpt silver with many samples returning high values of lead.