VANCOUVER, April 22 /CNW/ - Kootenay Gold Inc. (KTN: TSX.V) is pleased to announce that it has contracted PEG Mining Consultants Inc. (PEG) of Barrie, Ontario to produce a 43-101 compliant resource calculation for the Pit Discovery Area at Kootenay's Promontorio Silver-Lead-Zinc Project in Sonora, Mexico.
The Pit Discovery Area is the most advanced of Kootenay's drill targets at Promontorio and is located within an elongate IP chargeability anomaly. Step out drilling along the IP anomaly some 650 to 850 meters to the northeast encountered strong alteration and mineralization down to 650 vertical meters. To date drilling at Promontorio has intercepted mineralized breccia and vein zones including:
- 386m grading 46.15 g/t Ag, 0.44 g/t Au, 0.78% Pb and 0.76% Zn
including 7.85m grading 335 g/t Ag, 2.46 g/t Au, 6.12 % Pb and 4.01%
Zn and 97.67m grading 100.4 g/t Ag, 0.77 g/t Au, 1.74% Pb and 1.50%
Zn from hole KP-25.
Kootenay Gold has completed a preliminary metallurgical study on drill core from the Pit drilling (see October 6th 2009 news release). A complete listing of drill intercepts from the Pit area can be found on the website at www.kootenaygold.ca/s/DrillResults.asp.
PEG will develop a geological block model and a tonnage and grade estimate for the pit area which contains roughly 60 diamond drill holes in and around the vicinity of the old workings. Validation work is underway and Kootenay expects to receive a report in approximately 8 weeks time. Once received, the report will be made available to the public.
Step out drilling on geophysical and prospecting targets continues at the Promontorio Project where Kootenay has completed 91 holes for a total of 26,505m. Drilling has targeted numerous mineralized showings and geophysical targets along two key trends at Promontorio.
Sampling and Assaying
All core samples are cut by a rock saw with one half being returned to the core box for reference and the other being bagged in a plastic sample bag which is labeled, tagged, documented and sealed with wire. Each sample is placed in a rice sack and sealed with a zip tie. All samples are recorded and delivered to ALS Chemex laboratories for sample preparation lab in Hermosillo, Sonora, Mexico. Receipt of the samples is signed off at the preparation lab. Pulps of each sample are then prepared and sent to ALS Chemex in North Vancouver B.C. Canada an ISO 9001-2000 certified full service laboratory. All of the samples referred to herein are core samples. A QA/QC program which includes the regular insertion by the Company of duplicates, blanks and standards has been instituted. ALS Chemex also has its own system of replicate analysis and blanks which it provides to the Company. Each pulp is analyzed using Au(FA/AAS) Ag/Ore-Grade by Multi acid digestion ICP (Cu/Pb/Zn/Ag) assay package. This is a multi acid digestion with gold analyzed with an AA finish with over limits done with gravimetric finish and silver analyzed by ICP (inductively coupled plasma) and a gravimetric finish on over limits while zinc was analyzed by ICP and lead by fire assay. Sample lengths vary from 0.5 to 2.0 meters in width with the majority being 1.5 or 2.0 meters. Certain technical engineering data is also being collected from the core including RQD (Rock Quality Designation), recovery, photographs and specific gravity measurements.
Kootenay is an emerging exploration Company actively developing several mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Numerous joint-venture partnerships maximize the potential for new discoveries. The Company's top priority remains the ongoing development of its Promontorio Silver project in Sonora State, northwest Mexico, which encompasses the former producing Promontorio Silver Mine.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.
Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
SOURCE Kootenay Silver Inc.
For further information: For further information: James McDonald, CEO and President at (403) 238-6986 or Ken Berry, Chairman at (604) 601-5652, 1-888-601-5650, www.kootenaygold.ca