Thursday 29 September 2011

Kootenay kicks of additional round of studies to speed up development of Promontorio Silver Project

Shares in junior exploration outfit Kootenay Gold (CVE:KTN) moved 5% higher this morning after the company announced that it had contracted Hatch Engineering, Sanguaro Geosciences and G&T Metallurgical Services to undertake a number of studies on the company’s flagship Promontorio Silver Project in Sonora, Mexico.  The Vancouver based company has also brought in independent consulting engineer Patricia Aguayo Hurtado.
Hatch Engineering will conduct initial hydrologic studies, which will form the basis of additional studies assessing
mine water supply for potential open pit and underground mining. Saguaro Geosciences will design a geotechnical logging program “that goes beyond the basic specific gravity and RQD data currently being recorded.”
Meanwhile, G&T Metallurgical Services, will conduct additional metallurgical work on Promontorio mineralization. The company was keen to note that this work will include a gold deportment study to consider if gold content in the deposit can be extracted economically.
Independent Consulting Engineer Patricia Aguayo Hurtado has been contracted to conduct an environmental baseline study.
“An extensive drilling and analysis program is underway to quantify and confirm the scope and size of our silver deposit. Based on the continued success of our current 25,000 meter drill program, combined with results from our previous phases of drilling, we are sufficiently encouraged with results to begin taking the requisite steps to pursue our ultimate goal, which is to advance the Promontorio Silver Project to commercial production,” stated CEO James McDonald.
Under the direction of James McDonald, Kootenay has completed over 35,000 meters of multi-phase drilling on Promontorio, moving the project to its current advanced stage of development. McDonald has been a key driver in the success of the Promontorio project, and brings a strong track record of helping companies, such as Alamos Gold, move from exploration to production.

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