KOOTENAY SILVER INC, LA CIGARRA PROJECT, SAMPLING RESULTS 2016-05-05
Kootenay Announces Sampling Results at La Soledad Zone, La Cigarra Project, Mexico
* Mexico
TSX VENTURE: KTN
Mr. James McDonald reports:
VANCOUVER, May 5, 2016 /CNW/ - Kootenay Silver Inc. (TSXV: KTN) (the "Company" or "Kootenay") is pleased to announce positive sampling results at the La Soledad Zone ("La Soledad") on its La Cigarra silver project located in Chihuahua State, Mexico.
La Soledad, situated approximately 1,000 metres south of the main La Cigarra silver deposit (Las Carolinas Zone) and 500 metres south of the Las Venadas Zone, contains a number of mine dumps and historic mine workings that exploited a series of silver bearing quartz veins. Rock sampling here was conducted over a 500 metre long north-south striking area. Of the 70 rock samples taken during the recent program, one channel sample returned a high value of 252.0 g/t silver and 20% lead over 1.2 metres. In total, 35 samples reported grades exceeding 10 g/t silver with many samples returning high values of lead (see table below for further highlights of the most significant samples).
Kootenay believes that the mineralization along the Soledad Fault Zone represents leakage through impermeable quartzite caprock, potentially overlying undiscovered silver deposits. The Soledad Zone, lies in what is believed to be the extension of the La Cigarra hosting structure, where silver mineralization can be traced intermittently for at least 2 kilometers south of the main La Cigarra silver deposit.
The sampling and mapping program at the La Soledad Zone is part of a larger ongoing exploration program being conducted by the Company, which includes evaluating and prioritizing numerous anomalous areas for a future drill program; currently in the initial planning stages. To view a map of the La Cigarra silver project highlighting the La Soledad Zone as well as other areas to be targeted by the proposed work program click on the following link: La Cigarra Silver In Rock Map.
Highlights of Rock Sampling Recently Completed at La Soledad Zone
| Sample | East | North | Type | Width (metres) | Ag (g/t) | Au (g/t) | Pb ppm | Zn ppm |
|---|---|---|---|---|---|---|---|---|
| 232413 | 410528 | 2989554 | Channel | 1.2 | 252.0 | 0.025 | 20.00% | 0.04% |
| 232430 | 410597 | 2989800 | Channel | 1.0 | 113.0 | 0.057 | 0.68% | 0.01% |
| 232415 | 410526 | 2989560 | Channel | 1.2 | 106.0 | 0.024 | 8.52% | 0.08% |
| 232414 | 410530 | 2989556 | Grab | N/A | 87.3 | 0.018 | 4.90% | 0.08% |
| 232431 | 410608 | 2989835 | Channel | 1.5 | 65.8 | 0.047 | 1.22% | 0.01% |
| 232428 | 410581 | 2989723 | Channel | 1.5 | 55.5 | 0.019 | 0.14% | 0.02% |
| 232429 | 410588 | 2989793 | Grab | N/A | 44.1 | 0.025 | 0.87% | 0.03% |
| 232396 | 410436 | 2989382 | Channel | 1.5 | 41.1 | 0.04 | 0.71% | 0.10% |
| 232420 | 410553 | 2989630 | Grab | N/A | 37.8 | 0.02 | 7.41% | 0.01% |
| 232371 | 410418 | 2989350 | Channel | 1.5 | 30.4 | 0.008 | 0.46% | 0.07% |
| 232395 | 410437 | 2989381 | Channel | 0.6 | 29.0 | 0.021 | 0.22% | 0.08% |
| 232423 | 410568 | 2989636 | Channel | 1.2 | 28.7 | 0.025 | 0.32% | 0.42% |
| 232412 | 410530 | 2989554 | Channel | 1.2 | 28.1 | 0.025 | 2.29% | 1.20% |
| 232369 | 410427 | 2989344 | Channel | 1.5 | 27.7 | 0.009 | 0.20% | 0.02% |
| 232409 | 410525 | 2989550 | Channel | 1.5 | 27.2 | 0.005 | 1.03% | 0.05% |
| 232367 | 410425 | 2989348 | Channel | 1.2 | 26.9 | 0.007 | 0.10% | 0.03% |
| 232424 | 410562 | 2989652 | Grab | N/A | 22.8 | 0.024 | 0.95% | 2.07% |
| 232365 | 410423 | 2989351 | Channel | 1.2 | 22.5 | 0.01 | 0.99% | 0.60% |
| 232422 | 410570 | 2989640 | Channel | 1.5 | 21.1 | 0.005 | 0.67% | 1.36% |
| 232432 | 410610 | 2989853 | Channel | 0.6 | 21.0 | 0.032 | 0.09% | 0.02% |
Sampling and QA/QCAll technical information for the La Cigarra exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken under the direction of qualified geologists and stored in sealed bags. Samples are delivered by the Company via courier to ALS Minerals ("ALS") in Chihuahua. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver B.C. Systematic assaying of standards is performed for precision and accuracy. Analysis for silver, zinc, lead and copper and related trace elements was done by ICP four acid digestion, with gold analysis by 30 gram fire assay with an AA finish.
Qualified PersonsThe Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
About Kootenay Silver Inc.Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. The Company's top priorities are the advancement of the La Cigarra silver project and the Promontorio Mineral Belt, in Chihuahua, Mexico and Sonora, Mexico, respectively. The La Cigarra property is 26 kilometres from the historic mining city of Parral and boasts nearby power, good road access, gentle topography, and established infrastructure. La Cigarra currently hosts a resource estimate of 18.54 million tonnes containing 51.47 million ounces of silver in the Measured & Indicated categories grading 86.3 g/t silver and 4.45 million tonnes containing 11.46 million ounces of silver in the Inferred category grading 80 g/t silver. The mineralized system at La Cigarra has been traced over 6.5 kilometres and is defined at surface as a silver soil anomaly and by numerous historic mine workings. The La Cigarra silver deposit is open along strike and at depth and is approximately 25 kilometres north, and along strike, of Grupo Mexico's Santa Barbara mine and Minera Frisco's San Francisco del Oro mine. The Promontorio Mineral Belt includes the Company's La Negra high-grade silver discovery and its Promontorio Silver Resource. The Promontorio Mineral Belt is under option to Pan American Silver whereby they can earn a 75% interest in the project with US$16 million of expenditures and payments with Kootenay retaining a 25% carried to production interest (see news release February 16 and March 4, 2016). The Promontorio Silver Resource currently hosts a resource estimate of 44.5 million tonnes containing 92 million ounces of silver equivalent in the Measured & Indicated categories grading 64.3 g/t silver equivalent and 14.6 million tonnes containing 24.3 million ounces of silver equivalent in the Inferred category grading 52 g/t silver equivalent. The Company's core objective is to create value by acquiring silver resources through discovery and acquisition and testing those resources with the ultimate goal of developing them into silver production if they are proven to be economically viable.