Kootenay Silver (CVE:KTN) unveiled Wednesday additional drill hole results from its current program at the company's Promontorio silver project in Sonora, Mexico.
The results today from 10 holes are from the 25,000 metre core
drilling program at the project, which forms part of the 35,000 metre
infill and resource definition campaign.
The remaining 10,000 metres were dedicated to reverse circulation drilling, with both parts of the program now complete.
Highlights of the latest core drilling results include 18 metres of
254 grams per tonne (g/t) silver equivalent, within 89 metres of 84 g/t
silver equivalent in hole DH-116-12 in the Northeast Zone, the eastern
most intercept to date.
Other notable results included hole DH-115-12 in the Northeast Pit
Extension, which returned 3 metres of 112 g/t silver equivalent within
12 metres of 43 g/t silver equivalent. The company said this hole shows
the potential opening of mineralization to the north.
Kootenay said that work for an updated NI 43-101 resource is
underway, which will incorporate the results from the recent drilling.
"The high-grade results achieved from step-out drilling in the
Northeast Zone is further testimony to the success of our multi-phase
drill program," said CEO James McDonald.
"Since confirming our initial NI 43-101 silver resource in 2010, we
established one continuous zone of silver mineralization from the Pit
(Discovery) Zone through the Southwest Zone. This zone remains open to
the east, west and to depth.
"We continue to encounter high-grade silver intercepts over
widespread areas of silver mineralization in the Northeast Zone, some
700 meters outside of the current NI 43-101 resource.
"We expect these developments will play a critical factor in sharply
boosting the size of our existing silver resource as we prepare for our
updated independent NI 43-101 resource study."
The Promontorio silver mineralization is hosted in a large diatreme
complex, which has significant geologic implication, the company said,
as these types of systems can typically be "very large in size and
result in discovery of numerous deposits".
Examples in Mexico include the Pitarrilla silver-lead-zinc deposits
in Durango, and the Peñasquito silver-gold-lead-zinc mine in the
northeast of the State of Zacatecas in north-central Mexico.
Silver mineralization at Kootenay's project remains open in both
strike directions and down dip, between the Pit, Southwest Extension and
Northeast zones, the company said.
Kootenay also said Wednesday it has identified a host of new
prospective targets within the Diatreme complex, that require further
drill testing, with a large follow-up drill program planned for after
the release of the resource update.
Kootenay Silver is developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada.
Currently, Promontorio itself hosts an NI 43-101-compliant resource
containing 8.9 million indicated ounces of silver plus 1.17 million
ounces of inferred silver, 99.3 million indicated pounds of lead plus
13.4 million inferred pounds of lead, and 110.8 million indicated pounds
of zinc plus 14.3 million inferred pounds of zinc.