Kootenay Sampling Program Returns Several High-Grade Results at Copalito Silver-Gold Project, Mexico
posted on
Jan 21, 2019 08:55AM
Kootenay's La Negra prospect is a significant and exciting new high grade silver discovery that offers exceptional potential to evolve into a substantial near surface, open-pit resource.
Highlights Include 5.3 Meters of 401 gpt Silver and 0.24 gpt Gold
VANCOUVER, Jan. 21, 2019 /CNW/ - Kootenay Silver Inc. (TSXV: KTN) (the "Company" or "Kootenay") is pleased to announce the results from recent surface sampling and mapping program (the "Program") conducted on outcropping veins at the Copalito Silver-Gold Project ("Copalito" or "Property") located in the State of Sinaloa, Mexico.
Copalito covers a gold and silver epithermal vein system comprised of numerous veins, with individual veins currently traced over strike lengths up to 2 kilometers. Veins vary in width from 0.5 to 15 meters at surface. Previous exploration results have been reported on July 19 and September 20, 2018 (see Kootenay new releases #18-16 and #18-21).
Sampling Highlights to-date:
Kootenay President & CEO, James McDonald stated, "We are very pleased with results from mapping and sampling recently completed at Copalito. This Program not only returned numerous high-grade silver values, but also found significant gold values and extended the mineral strike length of all known primary veins. Furthermore, we discovered parallel veins, increasing the dimensional potential of the mineralized system. Copalito is a rare opportunity of an undrilled vein swarm with the potential for a high-grade discovery, which can have immediate impact in the value of the Company even with low silver prices. It is the second such project acquired in 2018 with the other being Columba."
Results can be viewed in a series of maps by clicking the following link: Copalito sampling maps.
Geological Highlights of the Program:
Summary of Silver Results
Of the 117 individual rock samples taken during the Program, 29 samples returned silver grades exceeding 90 gpt including 11 over 300 gpt and 6 over 500 gpt. In total 51 samples or 44% graded over 20 gpt silver (see table below further details).
Individual Channel and Rock Chip Sampling > 90 gpt Silver
Zone |
Sample |
Width |
Gold |
Silver |
Lead |
Zinc |
Copper |
5 Señores |
Channel |
1.30 |
0.05 |
750 |
1360 |
520 |
20 |
5 Señores |
Channel |
1.40 |
0.04 |
644 |
300 |
310 |
10 |
Agua |
Channel |
2.60 |
0.15 |
594 |
1240 |
1000 |
130 |
5 Señores |
Channel |
1.10 |
8.29 |
583 |
2750 |
6720 |
50 |
5 Señores |
Channel |
1.00 |
0.17 |
561 |
2190 |
6840 |
50 |
Agua |
Channel |
2.00 |
0.07 |
503 |
630 |
720 |
30 |
Agua |
Channel |
0.90 |
0.06 |
421 |
910 |
460 |
30 |
Agua |
Channel |
1.95 |
0.10 |
369 |
820 |
730 |
40 |
5 Señores |
Channel |
1.20 |
0.27 |
324 |
5580 |
4930 |
90 |
5 Señores |
Grab |
N/A |
5.64 |
321 |
410 |
5510 |
40 |
5 Señores |
Channel |
2.00 |
0.07 |
302 |
650 |
300 |
20 |
Agua |
Channel |
1.30 |
0.09 |
293 |
1800 |
750 |
40 |
5 Señores |
Channel |
2.00 |
0.53 |
275 |
600 |
450 |
10 |
Cobriza |
Channel |
1.80 |
0.24 |
263 |
60 |
620 |
4450 |
Agua |
Channel |
1.95 |
0.04 |
253 |
590 |
170 |
20 |
5 Señores |
Channel |
1.85 |
0.03 |
224 |
300 |
120 |
10 |
Cobriza |
Channel |
0.60 |
0.82 |
199 |
5230 |
6010 |
1940 |
5 Señores |
Channel |
1.85 |
0.01 |
199 |
120 |
80 |
trace |
5 Señores |
Grab |
N/A |
0.12 |
197 |
720 |
1860 |
40 |
Agua |
Channel |
2.00 |
trace |
194 |
660 |
1090 |
20 |
5 Señores |
Channel |
1.20 |
0.26 |
184 |
4550 |
2770 |
180 |
Cobriza |
Channel |
1.85 |
0.78 |
162 |
170 |
170 |
420 |
Agua |
Channel |
1.55 |
0.01 |
148 |
1200 |
3240 |
180 |
5 Señores |
Channel |
1.10 |
0.15 |
147 |
1130 |
2060 |
20 |
5 Señores |
SC |
N/A |
0.02 |
144 |
620 |
690 |
40 |
Cobriza |
Grab |
N/A |
1.11 |
124 |
6610 |
2710 |
390 |
Agua |
Channel |
1.00 |
0.01 |
99 |
430 |
60 |
trace |
Agua |
Channel |
1.00 |
trace |
92 |
240 |
50 |
trace |
5 Señores |
SC |
1.30 |
0.11 |
91 |
640 |
1890 |
90 |
Copalito Geology
Mineralization is hosted within classic low sulfidation epithermal quartz and rare calcite veins. Multiple mineral events are evidenced by banded mineralized clasts, multiple cross cutting veins/veinlets, laminated banding of chalcedonic and crystalline quartz, sulfide replacement and infillings of breccia matrix. Sulfide content is generally low but does range to 20% or more in hand samples. Sulfides and their oxide equivalents include fine grained pyrite, black and yellow sphalerite, galena, chalcopyrite and silver sulfides. Some zonation is becoming apparent with veins in the northeast being higher in gold and base metals and those in the south being high in silver and low in base metals.
About Copalito Silver-Gold Project
The Copalito Project is a classic low sulphidation epithermal vein system which has numerous small old workings and no evidence or reports of historic exploration drilling. The Property consists of seven concessions totaling approximately 3,700 hectares and is located 35 kilometres east of McEwen Mining's "El Gallo Mine" complex in Sinaloa State, along the western fringes of the Sierra Madre Occidental in northwestern Mexico. The Copalito Project has good access, topography and infrastructure. Kootenay's wholly owned Mexican subsidiary can acquire a 100% ownership in the concessions by making staged payments over a 4-year period totaling an aggregate of US$985,000.
Sampling and QA/QC
Surface samples reported herein are a combination of grab, chip and panel chip. All technical information for the Copalito exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken under the direction of qualified geologists. Samples are then labeled placed in plastic bags, sealed and with interval, location and sample numbers recorded. Samples are delivered by the Company via courier to ALS Minerals ("ALS") in Hermosillo. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver, B.C. Systematic assaying of standards, blanks and duplicates is performed for precision and accuracy. Analysis for silver, zinc, lead and copper and related trace elements was done by ICP four acid digestion, with gold analysis by 30-gram fire assay with an AA finish.
Qualified Persons
The Kootenay scientific and technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed and approved on behalf Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
On Behalf of the Board of Directors of
KOOTENAY SILVER INC.
"James McDonald"
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.