Kootenay Silver intercepts 1,050 gpt silver over 2.0 meters at less than 667 gpt silver over 7.05 meters with last 2021 drill holes on the Columba high grade silver project

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VANCOUVER, BC, December 16, 2021 / PRNewswire / – Kootenay Money Inc. (TSXV: KTN) (the “Company” or “Kootenay”) is pleased to announce the drilling results of the last three holes of phase 3 of the 2021 program on the Columba High-Grade Silver project (the “Property”) in the State of Chihuahua, Mexico. These last 3 holes tested vein B, located in the southwest part of the property. Previous B vein results were published on January 20, 2021 (Phase 2 drilling program). The Phase 3 program drilled a total of 5,782 meters.

The B vein is approximately 400 meters east of the D vein, another promising high grade zone that has recently produced the best results on the property to date (press release November 3, 2021). The first tests on the B vein were carried out in 2020 with 3 drilled holes. Previously published highlights include Hole CDH-20-082 return 1,186 silver gpt over 4.6 meters in 691 silver gpt over 9 meters and 112 silver gpt over 70.5 meters.

James McDonald Kootenay’s The President and Chief Executive Officer declares, “Vein B continues to produce impressive grades and widths. These results are among the best on the property and as such we consider the B vein to have excellent potential for the discovery of large mineralized zones in the vein. “

Gustavo Gallego, commented the chief geological engineer of Kootenay: “The B vein system is very promising, like all the targets drilled to date at Columba, the holes have returned excellent values ​​with very interesting widths. We tested a little over 200 meters in length of this system and up to 200 meters in depth with drilling. At the surface, we did not find high silver values, however significant grades start at about 100 meters depth, giving us confidence that almost the entire epithermal system is preserved from erosion. With the 1: 500 scale mapping program, we have succeeded in extending this area up to 600 meters laterally with vein widths of up to 1 meter on the surface. We are looking forward to the Phase 4 program to start drilling to expand this entire area. “

The grades found in these latter holes, holes CDH-21-111 to CDH-21-113, coincide well with the results reported earlier this year for the B vein.

Highlights of the exercise:

CDH-21-111

  • 105 silver gpt over 5.29 meters including;
  • 190 gpt of silver over 2.15 meters.

CDH-21-112

  • 219 silver gpt over 29.5 meters including
    • 434 silver gpt over 13.05 meters including;
    • 1,050 silver gpt over 2 meters in 667 silver gpt over 7.05 meters.

CDH-21-113

  • 156 silver gpt over 3.5 meters; and
  • 628 silver gpt over 1.1 meters to less than 393 silver gpt over 2.05 meters.

Click to view CDH-21-111 through CDH-21-113 map plan and cross sections.

Detailed drill results – CDH-21-111 to Drill-21-113

Hole ID

From (meters)

At (meters)

Interval (meters)

Silver (gpt)

Pb (%)

Zn (%)

Geological intersection

CDH-21-111

155.71

161

5.29

105

0.04

0.06

Stockwork and B vein venules

Including

157.85

160

2.15

190

0.07

0.10

Including

157.85

158.5

0.65

387

0.19

0.12

Venous system B

CDH-21-112

98.6

99.9

0.70

125

0.05

0.09

Quartz stockwork


133

133.65

0.65

174

0.07

0.15

B2 quartz barite vein


197.5

227

29.50

219

0.06

0.12

B vein + stockwork

Including

205

218.05

13.05

434

0.14

0.22

Venous system B

Including

211

218.05

7.05

667

0.25

0.26

Including

212

214

2.00

1,050

0.43

0.23

Including

214

215

1.00

781

1.0

0.1

CDH-21-113

149.5

153

3.50

156

0.06

0.15

B vein stockwork

Including

150.7

151.3

0.60

574

0.23

0.34


245.5

300.4

54.90

47

0.01

0.06

Including

254.5

257.5

3.00

114

0.01

0.1

Venous system B

Including

293.95

296

2.05

393

0.03

0.28

Including

293.95

295.05

1.10

628

0.05

0.41

All widths shown are drilled widths. The true widths are estimated between 55% and 70% of the drilled widths depending on the interpreted dip and orientation of the veins.

The Kootenay geological team is now focused on developing a drilling program for the coming year to further test promising high grade zones, including the B vein.

Sampling and QA / QC in Columba

All technical information for the Columba exploration program is obtained and reported under a formal quality assurance and control (“QA / QC”) program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists and engineers. The samples are then labeled, placed in plastic bags, sealed and with the interval and sample numbers recorded. The samples are delivered by the Company to ALS Minerals (“ALS”) in Chihuahua. The Company inserts blanks, standards and duplicates at regular intervals as follows. On average, a blank is inserted every 100 samples starting at the start of sampling and again leaving the mineral zone. Standards are inserted at the entrance to the potential mineralized zone and in the middle of them, on average one in 25 samples is a standard. Duplicates are taken from the mineralized zone, on average 1 to 2 duplicates for each hole.

The samples are dried, crushed and pulverized, the pulps being sent by air for analysis by ALS in Vancouver, BC Systematic assay of standards, blanks and duplicates is performed for precision and accuracy. Analysis for silver, zinc, lead and copper and associated trace elements was performed by four acid ICP digestion, with a 30 gram fire assay gold analysis with an AA finish. All reported drilling is HQ core and has been subcontracted to Globexplore Drilling from Hermosillo, Sonora, Mexico.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Qualified people

The Kootenay technical information contained in this press release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Disclosure Standards for Mining Projects) and reviewed and approved on behalf of Kootenay by James mcdonald, P.Geo, President, CEO and Director of Kootenay, a Qualified Person.

About Kootenay Silver Inc.

Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mining projects in the Sierra Madre region of Mexico and in British Columbia, Canada. Backed by one of the largest junior silver asset portfolios in Mexico, Kootenay continues to provide its shareholders with significant leverage over silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the short-term economic development of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.

CAUTION REGARDING FORWARD-LOOKING STATEMENTS:

The information contained in this press release has been prepared at December 15, 2021. Certain statements contained in this press release, referred to herein as “forward-looking statements”, constitute “forward-looking statements” under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as “expected”, “may”, “will” or similar terms.

Forward-looking statements are necessarily based on a number of factors and assumptions which, while considered reasonable by Kootenay as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to differ materially from those expressed or implied by these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of their publication. Except as otherwise provided by law, Kootenay expressly disclaims any obligation or commitment to publicly post any updates or revisions to these statements to reflect any change in Kootenay’s expectations or any change in the events, conditions or circumstances upon which such statement is based.

Warning to US investors: This press release includes terms for the classification of mineral reserves and mineral resources that comply with the reporting standards in Canada and mineral reserves and mineral resource estimates are made in accordance with National Instrument 43-101 – Disclosure Standards for Mining Projects (“Regulation 43-101NI 43-101 is a rule developed by the Canadian Securities Administrators that sets standards for any public disclosure by an issuer of scientific and technical information about mining projects. These standards differ significantly from the requirements adopted by the United States Securities and Exchange Commission. (the “SECOND“). The SEC sets rules applicable to United States reporting companies. Therefore, the information on mineral reserves and mineral resources included in this press release is not comparable to similar information that would generally be disclosed by US reporting companies subject to SEC reporting and disclosure requirements. Therefore, information regarding mineral deposits presented in this document may not be comparable to information made public by companies reporting in accordance with US standards..

SOURCE Kootenay Silver Inc.

Related links

https://kootenaysilver.com/


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