KTN CONCLUDES PHASE I DRILLING ON LA NEGRA Kootenay Silver Inc. has completed its phase I drill program on its new La Negra breccia silver discovery, situated approximately 6.5 kilometres north of Kootenay's flagship Promontorio silver resource in Sonora, Mexico.
Current drilling included 18 additional HQ diameter core holes that were drilled along an approximate 400-metre strike length, for a total of 25 holes drilled in the phase I program. An announcement on assay results will be made once results are received and compiled. The company anticipates announcing results from the remaining 18 holes of the phase I program by the end of November, 2014.
States Kootenay president and chief executive officer James McDonald: "We are very pleased to conclude the final 18 holes of our phase I drill program on La Negra. Our goal is to continue to fast-track drilling and development on La Negra. Once current assays results are received, the next step will be to collate and interpret the additional results in a 3-D model and design. Once concluded, we plan to immediately proceed to a phase II drill program with the objective of producing an NI 43-101 resource on La Negra at the earliest opportunity."
Phase I drill program
Drilling in the phase I program was conducted in widely spaced fences along 400 of 500 metres of La Negra's length to provide information on the subsurface grade, continuity and geometry of the mineralized Breccia system. Current holes were broadly spaced as single holes or fences of holes from the same platforms in 50- to 115-metre spacings along strike. Breccia and stockwork were encountered along the strike length and dips seem to vary from steep northerly dips to moderate southerly dips. The phase I drill program included approximately 3,100 metres of core drilling. A total of 25 HQ diameter core holes were drilled and completed.
La Negra silver discovery
The La Negra beccia prospect is situated approximately 6.5 kilometres north of Kootenay's flagship Promontorio silver resource in Sonora, Mexico, and is contained within a 25 by 15 km mineralized corridor, the Promontorio mineral belt. The current phase I drill program on La Negra follows a highly successful trenching and surface sampling program that confirmed widespread silver mineralization exists over a large 100 to 200 metres by 500 metres area on surface. (See news releases from May 28 and June 5, 2014, for more details). Recently, each of the first seven holes of its current phase I drill program on La Negra returned significant intervals and high grades of widespread silver mineralization extending from surface to depth, confirming a substantial new silver discovery. (See news release, "Drill results," published Oct. 15, 2014, for more details.)
To view full results of sampling and drill program visit the company's website.
Quality assurance/quality control
Core is being detailed logged and sampled with half the core being bagged, tagged, catalogued, sealed and sent to an accredited assay lab for analysis. A quality control program including blanks, standards and replicates is being used similar to that used on the Promontorio drill program. Geotechnical data such as recovery, RQD and density are being recorded also. All drilling has been with HQ core and is being done by BD Drilling from Guadalajara, Mexico. Further quality assurance and control procedures and details on assays procedures and laboratories used are disclosed on the Kootenay Silver Inc. website.
The foregoing geological disclosure has been reviewed and verified by Kootenay's chief executive officer, James McDonald, PGeo (a qualified person for the purpose of National Instrument 43-101, standards of disclosure for mineral projects). Mr. McDonald is a director of Kootenay.