Fall Drill Program Concludes with Further High Grade Breccia
Kootenay Silver INC. (V-KTN) $0.66 (Intraday)
Recommendation: Buy (unchanged), Target: $1.00 (unchanged)
Fall Drill Program Concludes with Further High Grade Breccia Hits
- Today Kootenay Silver announced positive assays from 15 holes from its fall 5,000m drill campaign at its flagship Promontorio project.
- Targeted breccia mineralization between the historic Pit and NE zone continue to return high grade intercepts.
- The highlight hole of todays batch includes hole DH-203-13 which outlined 29m of 114g/t Ag-Eq that included a high grade zone of 5m containing 79g/t Ag, 5.0g/t Au and 2.47% Pb+Zn.
- The breccia mineralization in this zone continues to expand and further supports our growing in-situ resource thesis as we expect an updated resource estimate on Promontorio to be delivered in mid-2014.
- Shares of KTN continue to be rated a BUY with a $1.00/sh target price.
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