Kootenay Silver Inc. TSX-V: KTN has commenced its 2018 drill program on its 100-per-cent-owned La Cigarra silver project in the Parral mining camp, Chihuahua, Mexico.
The first phase of the 2018 program will consist up to 5,000 metres of drilling and will focus on three primary objectives, including:
- Drilling within the La Borracha zone northwest of the La Cigarra silver deposit;
- Drill testing for continuity of high-grade-bearing structures such as the 104 vein at the southern end of the resource;
- The first drill test of the newly identified Nogalera gold trend.
A comprehensive second phase drill program will be determined following the assessment of the various targets and the results from the initial 5,000 metres of drilling.
Kootenay president and chief executive officer James McDonald states: “We are very pleased to launch the first phase of our 2018 drill program on La Cigarra. Our recent successes identifying two new silver discoveries (RAM and Las Venadas) and multiple new priority targets, along with the identification of a potential new emerging gold trend, clearly underscores La Cigarra’s immense potential within one of Mexico’s premier mining districts.”
Upcoming drilling and development
La Cigarra National Instrument 43-101 resource
Drilling will begin to the immediate northwest of the La Cigarra silver deposit following up on positive results from 2017 program, where hole CC-17-37 intercepted 107 grams per tonne silver over eight metres 500 metres beyond the edge of the current resource boundary. This is within the La Borracha zone, which is the strike extension of the La Cigarra silver deposit. Approximately six widely spaced holes are planned to determine the extent and grade of silver mineralization for 800 m of strike beyond the resource. The overall objective will be to add silver ounces to the resource by testing the strike extent of the main mineralized structure hosting the La Cigarra silver deposit, which is largely untested by previous drilling.
Nogalera gold trend
Preparations are under way to prepare the first drill test of the newly identified gold trend at Nogalera upon completion of the La Borracha drilling. Anomalous gold mineralization has been traced on Nogalera for a minimum 1,000 m and remains open along strike. The first drill holes will test the southern 400 m of the zone where multigram gold grades of up to 12.35 g/t gold and 179 g/t silver. See the company’s news release dated Feb. 8, 2018, for more information.
104 vein structure
The third priority area is the 104 vein situated at the southern end of the resource named Las Carolinas. Drilling will test the continuity and extent of high grades in the recently recognized 104 vein structure. The 104 vein structure was identified after reassessing previous drilling and projected to surface where it has been traced for over 200 m. The southern 100 m are consistently anomalous with a low of 13 g/t silver over 0.7 m and a high of 1,170 g/t silver over 1.7 m in chip sampling.
Previous drill holes encountered up to 310 g/t silver over 11.3 m including 0.8 m of 3,920 g/t silver (CC-12-104), 155 g/t silver over 17.25 m including 342.55 g/t silver over six m (CC-11-13), 100 g/t silver over 18 m (CC-12-64), 260 g/t silver over 15.1 m including 686 g/t silver over 4.6 m (CC 11-13), 83 g/t silver over 10.7 m and the southeastern most hole CC-14-155 with 138 g/t silver over 23.45 m.
Results from the current multiphase drill program will be continuing and announced as assays are received and interpreted by the company.
The 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, PGeo, president, chief executive officer and director for Kootenay, a qualified person.
Sampling and quality assurance/quality control at La Cigarra
All technical information for the La Cigarra exploration program is obtained and reported under a formal quality assurance and quality control program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists. Samples are then labelled, placed in plastic bags and sealed with interval and sample numbers recorded. Samples are delivered by the company via courier to ALS Minerals 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, blanks and duplicates 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. All drilling will be with HQ core and has been contracted to BD Drilling from Guadalajara, Mexico.
About Kootenay Silver Inc.
Kootenay Silver 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. Supported by one of the largest portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora state and Chihuahua state, Mexico, respectively.