Kootenay Silver Inc. (TSXV: KTN) (the “Company” or “Kootenay”) is pleased to announce that the latest drill hole on the Las Venadas Zone has been completed and the Company has mobilized the drill rig to the La Navidad Zone, at its 100% owned La Cigarra silver project located in the Parral District of Chihuahua State Mexico.
Kootenay Silver President & CEO Jim McDonald states, “Drilling at Las Venadas was successful in identifying what we believe is a very significant new silver zone with potential to add to the La Cigarra silver resource count (see news releases August 30th, 2017 and August 15th, 2017). Obviously we are looking forward to the follow up drill program on the new discovery once the current program is complete. Meanwhile we are excited to get the first ever drill holes into the La Navidad Zone, which offers considerable exploration upside given it’s similarities to the San Gregorio part of the deposit just 500 meters to the west.”
The La Navidad Zone is situated approximately 500 meters to the east and parallel to the San Gregorio Zone, which currently contains approximately 60% of La Cigarra’s NI 43-101 Mineral Resource Estimate of 51.47 million ounces of silver in the Measured & Indicated categories (18,540,000 tonnes) grading 86.3 gpt silver and 11.46 million ounces of silver in the Inferred category (4,450,000 tonnes) grading 80 gpt silver (see Northair News Release dated January 14, 2015 or SEDAR for information on the NI 43-101 technical report).