Kootenay Silver (
TSX: V.KTN,
Stock Forum) continued to boost the prospectivity of its Promontorio La Negra Silver discovery located in Sonora, Mexico, when the company released results from the first six holes of its Phase II drill campaign at the project.
According to the
news release, all six holes intercepted significant widths and grades of silver mineralization.
Highlights from the results included 76 g/t silver over 138 metres including 146 g/t over 37 metres with 1 metre of 3040 g/t silver at LN 31-15, 110 g/t silver over 84 metres including 300 g/t silver over 8 metres at LN 28-15 and 96 g/t silver over 52 metres including 183 g/t silver over 25 metres at LN 27-15.
Company President and CEO, James McDonald, commented on the encouraging assays, “We are very pleased with results from the first six holes of our drill program on La Negra. In all six holes, substantial grades of silver mineralization were encountered. This is an exciting development that further supports and re-affirms results from our initial Phase I discovery program.”
He then summed up, “As drilling advances, our objective will be to systematically build on the multiple high-grade silver intercepts encountered to date, as we continue to define the continuity of silver mineralization established on surface and at depth.”
Kootenay Silver was in the news recently when
the Vancouver-based company announced the commencement of Phase II drilling at La Negra at the end of February.
Shares gained 4.65% on the news to $0.45 per share.
Currently there are 74.6m outstanding shares with a market cap of $33.6 million.
FULL DISCLOSURE: Kootenay Silver is a Stockhouse Publishing client.