Kootenay Gold receives encouraging drill results from Promontorio

Kootenay Gold (CVE:KTN) announced Wednesday results from the first seven holes of its 25,000-metre drill program at its Promontorio silver property in Sonora, Mexico, confirming the continuity between two major zones of mineralization.

The drill program is designed to test the Pit resource, the Southwest zone and the continuity between these two zones.

Hole DH 61, which intersected 96 g/t silver equivalent over 182 metres, including 290 g/t silver equivalent over 24 metres, was drilled outside of the Pit zone and continued for approximately 50 metres into the Southwest zone, confirming that mineralization exists between the Southwest and Pit areas.

Other notable results from the seven holes reported included 117 grams per tonne (g/t) silver equivalent over 205 metres, including 169 g/t silver equivalent over 50 metres, and 152 g/t silver equivalent over 48 metres, all in hole DH 58 in the Southwest zone.

Also on the Southwest zone, hole DH 60 found 107 metres grading 71 g/t silver equivalent, including 237 g/t silver equivalent over 12 metres.

Meanwhile, holes DH54 and DH 56, both on the Pit zone, returned 80 g/t silver equivalent over 103 metres, including 105 g/t silver equivalent over 68 metres; and 116 g/t silver equivalent over 251 metres, including 186 g/t silver equivalent over 66 metres.

"We are very pleased with results from the first seven holes of our 25,000 meter drill program," said president and CEO, James McDonald.

"Not only is diamond drilling continuing to hit higher grades of silver at depth where previous drilling bottomed out in silver mineralization within the Pit resource itself, equally important to our resource expansion program, we are seeing continuity of silver mineralization developing in the Southwest Zone from step-out drilling that returned impressive intervals and grades of widespread silver mineralization extending to depth."

Currently, three drill rigs are conducting step-out drilling on the Promontorio site. An additional ten drill holes have been completed and samples have been sent for assay. Three other holes are now in progress at the property.

This 25,000-metre drill program is the most expansive drill campaign that Kootenay has ever conducted on the silver project to date.

The company, whose stock on the TSX-Venture Exchange spiked 6.12% as of 10:35 am EDT to trade at $1.04 per share, said it plans to complete an NI 34-101 compliant resource estimate at the program's end.