Post by
Stock20 on Apr 03, 2018 9:11pm
Waiting for assays result. News out today.
KOOTENAY ZINC CORP.
Suite 800-1199 West Hastings Street Vancouver, B.C. V6E 3T5
SULLY PROJECT UPDATE
Vancouver, Canada, April 3, 2018 – Kootenay Zinc Corp. (the “Company”) (CSE:ZNK; OTCQB:KTNNF; FSE:KYH) announces that FB Drilling has completed Drill Hole SY18-17 on the Sully Property 30 km east of Kimberley BC. The hole was stopped at a depth of 236m. Core logging identified Aldridge Formation strata over its entire length. Traces of Sphalerite (a zinc mineral) are present as minute and isolated grains, in small clusters and scattered along hairline fractures over much of the length of the hole. Several of the grains of Sphalerite are associated with common, up to 3mm wide, pyrrhotite laminations. DDH SY18-17 passed about 100 metres down dip of an outcrop from which a 1% zinc in a grab sample was obtained in summer 2017. Samples are being selected for laboratory analysis and assays will be reported when received.
While minor zinc mineralization is not uncommon in many sedimentary shale basins, within the Aldridge it may be considered directly indicative of the potential for more concentrated mineralization nearby. In this case it is theorized that it represents an up-flow zone of a hydrothermal system that vented at a higher stratigraphic level. Similar traces of mineralization, believed to be part of the Sullivan hydrothermal system, have been observed in drilling on North Star Hill, 3 kilometers south of that mine.
The small (15,000 tons) Kootenay King silver, lead, zinc massive sulphide SEDEX deposit, 3.5 km north of Sully, is in strata at the top of the Kootenay King Quartzites (Hughes Range Facies Aldridge Formation unit A1f), approximately 1,000 metres up-section of DDH SY18-17. Historic exploration along this trend has yielded very little of interest except for a couple of minor showings. The top portion of the quartzites is mapped along most of the east side of the Sully claim block. Exploration of this trend is now viewed as an additional opportunity at Sully.