Mexican silver stock backed by large resource estimates and high-grade exploration projects
Kootenay Silver (TSXV:KTN) is an exploration company with a focus on the exploration and development of high-grade silver projects. With its flagship project, Columba High Grade Silver Project, in Mexico, Kootenay Silver has recently announced the resumption of drilling operations.
Drilling season has just begun, and the team has already hit good strong veining in its first four holes and now awaits assay results.
Kootenay Silver’s Columba High Grade Silver Project
Situated in the prolific Silver Belt region of Mexico, the Columba High Grade Silver Project showcases immense potential for substantial silver discoveries. The project covers 93.8 square km along the famous Sierra Madre trend that is host to some of Mexico’s biggest silver-mining districts, such as Parral where the company’s La Cigarra resource sits.
Columba is a past-producing silver mine that is host to numerous classic epithermal high-grade veins measuring more than 10 km of strike over widths of more than six metres. To prepare for initial drilling, the team completed mapping and sampling in 2018, which resulted in the confirmation of anomalous silver in numerous veins at surface.
Source: Kootenay Silver Inc.
Kootenay Silver resumes drilling
Kootenay Silver recently returned to drilling activities at the Columba High Grade Silver Project after a brief hiatus. This development comes as an exciting opportunity for the company to further explore the resource potential and expand its understanding of this promising project.
The decision to resume drilling operations indicates a positive outlook for Kootenay Silver. It shows the company’s commitment to capitalizing on the significant silver potential at Columba and its dedication to pursuing further discoveries in the region.
“Surface work and follow-up drilling at Columba has identified a series of cross-cutting, well-mineralized veins within an area measuring approximately 4 km by 4 km,” Kootenay’s CEO, Jim McDonald, said in a news release. “Of all the veins drilled to date, D Vein has returned the most impressive grades and widths, so we are looking to expand the size of this mineralized shoot. This program marks the first step of an aggressive drilling campaign designed to culminate in a maiden resource for the third quarter of next year, as financing will allow, at which point a decision on a PEA can be made.”
Progress in diamond drilling at Columba
In the Vancouver miner’s recent update, it explained the current drilling program is designed to step out along and beneath the known extents of the well-mineralized D Vein and is expected to total 12-15 holes for approximately 3,000 metres.
The team confirmed veining and associated stockwork mineralization in drilled length in each hole measured around 5 metres stockwork, 8.2-metre vein and 23-metre stockwork, 10-metre vein and 26-metre stockwork and 1-metre vein, 3-metre stockwork in holes CDH-23-136 through CDH-23-139 respectively.
The progress in diamond drilling at Columba High Grade Silver Project is a significant milestone for Kootenay Silver. It allows the company to gain valuable insights into the geological characteristics of the deposit, including its extent, grade and potential continuity. Furthermore, it aids in identifying potential areas for resource expansion, ultimately driving the project’s commercial viability, and enhancing shareholder value.
Kootenay Silver prepares for upcoming drill results
The resumption of drilling activities at Columba raises anticipation for the upcoming drill results. The results for the first three holes were disclosed in a news release from Oct. 17. This phase of exploration has the potential to uncover substantial silver resources, which could significantly impact Kootenay Silver’s prospects and investor sentiment.
Investors and stakeholders keenly await further drill results, as they provide tangible evidence of the project’s economic viability and potential for further growth. Strong drill results often act as catalysts for increased investor interest, leading to potential share price appreciation and expanded market capitalization for the company.
Investment corner
Kootenay Silver Inc.’s resumption of drilling activities at Columba High Grade Silver Project highlights the company’s commitment to unlocking the project’s vast silver potential. The progress made in diamond drilling further solidifies Kootenay Silver’s understanding of the geological characteristics and resource potential at Columba. As investors eagerly anticipate the upcoming drill results, these developments carry significant implications for the company’s future growth trajectory and shareholder value.
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