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Kootenay Silver Inc.
Summary
| Project: | La Cigarra | |
|---|---|---|
| Deposit: | RAM | |
| Location: | Mexico | |
| Commodities: | Silver-Gold-Lead-Zinc | |
| Date: | 11/23/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-11-2016: Kootenay Silver Inc. announces an Exploration/Drilling Update report for its RAM deposit at the La Cigarra project. Drilling results incl. 18.0m @ 89.83g/t Ag, 0.009g/t Au, 0.049% Pb+Zn from 36.00m. Kootenay Silver Inc. (TSXV: KTN) (the “Compa | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: James McDonald (Internal) | |
| ABSTRACT: | Kootenay Silver Inc. (TSXV: KTN) (the “Company” or “Kootenay”) is pleased to announce results from the first 11 holes of its maiden drill program on its RAM structure, situated approximately 700 meters to the west and south of the Company’s La Cigarra silver deposit in Chihuahua State, Mexico. The program drill tested a 400-meter strike length of the 3,800-meter long RAM structure and dip extents between 65 and 200 meters. Assay results from drilling confirm RAM is a strongly mineralized silver system, hosting multiple zones of quartz veining as sheeted, stockworked or brecciated veins within an altered structure that measures 50 to 150 meters wide. The Company reports the system remains open along strike to the north and south for up to 3,400 meters and down dip to the west. Kootenay President and CEO James McDonald states, “Results from the first 11 holes of the program confirm RAM is an entirely new silver discovery and development of this mineralized structure will remain a top priority for the Company. The strength and consistency of veining within the structure bodes well for the discovery of further silver resources at depth and along both strike directions. Drilling returned good continuity of silver grades across a 400-meter strike length and widespread silver mineralization was encountered in all but two of the eleven holes, confirming the structure’s large-scale potential. Moving forward, the close proximity of the RAM structure to our established La Cigarra silver resource offers excellent potential for future shared infrastructure and economies of scale, as we continue to develop RAM and advance our main La Cigarra deposit towards the economic stage.” | |
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