Kootenay Silver Inc. Provides Exploration Update of Promontorio Satellite Targets Defining 25 X 15 Kilometer Mineralized Corridor
Feb 25 14
Kootenay Silver Inc. provided an update of exploration on the contiguous land position surrounding its Promontorio Silver Project in Sonora, Mexico. Ongoing exploration has resulted in the discovery of numerous zones of gold-silver, silver and gold-copper mineralization that defines a 25 x 15 km northwest trending corridor, the "Promontorio Mineral Belt". The results of this exploration program documents the Promontorio Diatreme breccia's belong to a mineral event that is part of a regional mineral exploration belt. None of these newly-discovered zones have been drilled. The principle areas of mineralization within the 'Promontorio Mineral Belt' are named Nopalera, Metallica Pesada, Tordillo, Alamito, La Negra and Leona. Descriptions of the primary areas of interest are as follows: The La Negra Zone: The La Negra prospect is a hydrothermal-diatreme breccia exposed over a 100 to 150 x 400 to 500 meters area, 7 km north of the Promontorio diatreme breccias. Seventy-seven samples have been collected over the La Negra prospect. Of the 77 samples collected, 56 returned values greater than 10 gpt silver and 35 greater than 20 gpt silver. Eighteen chip samples (random chips taken within a 2m x 2m area) averaged 107 gpt silver with a single high of 512 gpt and 15 greater than 20 gpt. Gold values are low within the breccias but highly anomalous in small veins peripheral to the breccias with values from background to 8.2, 4.3, 3.2 and 2.0 gpt gold obtained from grab samples. The Tordillo Zone: The Tordillo zone is located 20 km northwest of Promontorio. Gold and silver mineralization occurs over a 3 x 5 km area as veins, stockworks and breccia's intimately associated with strong potassic and argillic/sericite/hematite alteration. This is suggestive of a gold porphyry setting. Three hundred and ten samples have been collected over the Tordillo zone. 175 samples are greater than 50 ppb gold, 148 greater than 100 ppb (0.1 gpt Au), and 54 greater than 1 gpt (with high values of 71.0, 20.2, 18.0, 14.2, 11.3, 9.8, 8.0, 6.7, 6.1 and 5.5 gpt noted). Anomalous silver showed in 94 samples with values greater than 10 gpt and 20 greater than 50 gpt, with highs of 547, 227, 252, 192, 166 and 147 gpt. Two main areas of precious metal have been identified in the Tordillo area. They are Mucho Oro and Tordillo Sur zones. In the 'Tordillo Sur' zone, gold values from background to 18, 2.7, 1.8, 3.5, 1.6, 2.3, 2.7 gpt and silver values from background to 252, 107 and 66 gpt occur with secondary biotite, potash feldspar, magnetite, hematite and sericite hosted in altered sandstones. Significant copper values occur with the gold. In conjunction with potassic alteration this is indicative of a porphyry system. The 'Mucho Oro' is a zone with strongly sericitic/hematite altered sediments hosting values from background to 71.0, 14.2, 11.3, 8.0 and 6.1 gpt gold with low silver from grab samples. Visible gold is noted. Chips of 1.5 m across a 21 m trench averaged 0.80 gpt gold (including 10.5 m of 1.44 gpt gold). One hundred meters to the north, the Mucho Oro Norte zone contained values from background to 6.3, 5.5 and 4.5 gpt gold and 192, 166 and 119 gpt silver also hosted in sericite/hematite altered brecciated sandstones from grab samples. The Metallica Pesada Zone: Metallica Pesada zone adjoins Tordillo to the immediate north. Prospecting, geologic mapping and soil geochemistry has outlined a 3 x 3 km area with gold and silver mineralization. Mineralization occurs as veins, stockworks and breccia's hosted in regionally sericite-hematite altered sediments and argillic altered volcanics. Two hundred and eighty-two rock samples have been collected over Metallica Pesada. One hundred eighty-two samples returned gold greater than 50 ppb, 147 greater than 100 ppb (0.1 gpt gold) and 45 greater than 1000 ppb (1 gpt gold). High values for gold include: 33.3, 16.3, 13.9, 11.8, 8.2, 6.2 and 5.2 gpt. For silver, 84 samples were greater than 10 gpt, with 20 greater than 50 gpt with isolated high values of 3,390 and 1,495 gpt silver noted. A soil survey collected 185 samples that outlined a 1.5 km by 200 to 500 meter wide northerly-trending gold/silver/arsenic soil anomaly (with 45 soils> 50 ppb ranging to 1.2 gpt gold) coincident with both the regional sericite-hematite altered sediments and the distribution of the rock samples. The Alamito Zone: Newly recognized, the Alamito zone lies southeast of both the Tordillo and Metallic Pesada zones within the axial part of the Promontorio Mineral Corridor. Follow up work during 2013 of previously known isolated gold and silver anomalies defined three anomalous zones. One hundred and forty-two samples have been collected in the Alamito area. Gold from rock samples gave 63 greater than 50 ppb, 47 greater than 100 ppb and 13 greater than 1,000 ppb with high values of 44.5 10.7, 7.5 and 4.6 gpt. Visible gold was noted. Silver values samples resulted in 48 greater than 10 gpt, 10 greater than 50 gpt with high values of 2,780, 498, 331, 277 and 174 gpt. Mineralization is hosted in veins, stockworks, disseminations and hydrothermal breccias with quartz, sericite, hematite and tourmaline alteration. The La Leona Zone: One hundred and forty-two samples have been collected in the La Leona area. Gold from rock samples gave 63 greater than 50 ppb, 47 greater than 100 ppb and 13 greater than 1,000 ppb with high values of 44.5 10.7, 7.5 and 4.6 gpt. Visible gold was noted. Silver values gave 48 greater than 10 gpt, 10 greater than 50 gpt with high values of 2,780, 498, 331, 277 and 174 gpt. Mineralization is hosted in veins, stockworks, disseminations and hydrothermal breccias associated with quartz, sericite, hematite and tourmaline alterations.
Kootenay Silver Points to the Success of the 2013 Drill Program and Outlines Proposed Steps for the Focused Development of Promontorio
Feb 13 14
Kootenay Silver Inc. reported that it has completed mapping, core logging and compilation of results from its recently completed 2013 drill and resource expansion program on its flagship Promontorio Silver Project in Sonora, Mexico. The current analysis of drill results marks the conclusion of the 2013 drill season. The 2013 multi-phase, drill and resource expansion program successfully established mineralization along, throughout and to at least 400 meters of the recently identified Central Breccia Zone situated between the Pit and Northeast Zones. Results indicate excellent potential exists for the establishment of continuity of mineralization between the two zones. Numerous holes drilled within both the Central Breccia and Northeast Zones demonstrated high grades of mineralization and indicate potential to add significant tonnage to the established mineral resource. Mineralization in the Central Breccia and Northeast Zones area appears to be stratabound within Maar type diatreme facies as opposed to the vent diatreme facies of the Pit Zone. Potential exists to host a significant tonnage of higher grades within the Central Breccia and Northeast Zone area as higher-grade intercepts are scattered along its length. Management believes the potential for discovery of a high-grade core within this region of the property is good. The next phase of drilling at Promontorio will focus on testing this thesis. The program testing for significant tonnages of high-grade mineralization will be aided using 3 D interpretation of mineralized breccia and stockwork domains. The first step will involve the interpretation of the 3-D IP geophysics together with the drill results and geologic interpretation to determine if 3-D IP can discretely map the high grade areas to aid in drilling. It is anticipated that a minimum of 5,000 meters is required to test for extensions and continuity to the high-grade intercepts. Additionally targets to the south and east of the Northeast Zone remain undrilled and require approximately 3,000 additional meters to test.
Kootenay Silver Inc Announces Assay Results of its Promontorio Silver Project in Sonora, Mexico
Dec 12 13
Kootenay Silver Inc. announced assay results from a further fifteen drill holes as part of its ongoing, multi-phase drill and resource expansion program on its Promontorio Silver Project in Sonora, Mexico. The company reports drilling continues to encounter high-grade results within a newly identified breccia zone situated between the Pit and NE Zones. A further 5,500 meters of drilling have been completed, which concludes the current 5,000 meter drill phase, bringing the total drilled since November 2012 to 21,500 meters. The company reports, mapping, core logging and compilation of results are currently underway to establish the next phase of work on Promontorio. The current mineral estimate on Promontorio effective date March 31, 2013 contains a combined Measured and Indicated silver resource of 92,428,000 silver equivalent ounces (39.9M oz's Ag, 508K oz's Au, 394.8M lb's Pb, 462.2M lb's Zn). In addition to the measured and indicated silver resources, there are an additional 26,814,000 silver equivalent ounces in the Inferred category (12.8M oz's Ag, 147 oz's Au, 99.5M lb's Pb, 109.1M lb's Zn). Measured and Indicated resources are contained in open pit resources of 44,504,000 tones grading an average of 64.32 gpt silver equivalent (27.77 gpt Ag, 0.35 gpt Au and 0.87% Pb+Zn) and resources outside of the open pit of 215,000 tones grading an average of 56.96 gpt silver equivalent (22.89 gpt Ag, 0.28 gpt Au and 0.95% Pb+Zn). Inferred resources are within open pit resources of 14,564,000 tones grading an average of 51.95 gpt silver equivalent (24.95 gpt Ag, 0.28 gpt Au and 0.59% Pb+Zn) and resources outside of the open pit of 1,265,000 tones grading an average of 61.17 gpt silver equivalent (26.57 gpt Ag, 0.37 gpt Au and 0.74% Pb+Zn).