Kootenay Silver Announces Drill Results From Copalito Silver-Gold Project - Highlights Include 276 gpt Silver Eq. Over 23 Meters and 642 gpt Silver Eq. Over 5 Meters
VANCOUVER, BC, Dec. 2, 2021 /CNW/ - Kootenay Silver Inc. (TSXV: KTN) (the "Company" or "Kootenay") is pleased to announce results from the final drill holes of the 2021 program at the Copalito Silver-Gold Project in Sinaloa State, Mexico.
Kootenay Silver Logo (CNW Group/Kootenay Silver Inc.)
These holes are reporting on the Agua, 5 Senores and Chiva Veins. All veins continue to show excellent grades and grade potential with intervals grading as high as 1,300 gpt silver, 21 gpt gold and 27% combined lead plus zinc as detailed below.
Drilling has shown veins encountered are consistently anomalous in silver, gold, lead and zinc over 4 kilometers of strike in 6 different veins. We see several areas where grade and width show potential for mineralized shoots and resource definition. All veins are open to depth and a long strike with the majority of holes testing less than a 75meter vertical depth. Geologic mapping shows holes with no significant mineralization often hit fault zones off setting veins resulting in the holes missing their target.
Copalito shows the potential for substantial resources given the continuity of veins and mineralization. Drilling indicates potential for very high grades in at least 4 of the veins. Next steps will be focused on those areas, such as the 5 Senores and Agua Veins, of high grade with good widths in search of those dilational zones within the veins where mineralized shoots (bodies) may occur. For example, from this release alone, 587.3 gpt silver, 0.819 gpt gold, 1.58% lead-zinc over 3 meters. and 5 meters of 9.3 gpt gold, 27.6 gpt silver and 0.57% lead-zinc within 23 meters of 125 gpt silver, 2.0 gpt gold and 0.95% lead-zinc. In addition, several veins and strike extensions remain untested.
James McDonald, President and CEO remarked "The large strike continuity of the veins and mineralization indicate to us Copalito has good potential for the discovery of a large resource. Also impressive are the high gold, lead and zinc grades in numerous holes that add to this potential."
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