Kootenay Silver Inc. (TSXV:KTN) hit 104 gpt silver eqv (81gpt Ag and 0.97% Pb+Zn) over 10 meters, including 3 meters grading 246 gpt silver eqv (176 gpt Ag and 3.04% Pb+Zn) and 9 meters grading 47 gpt silver eqv (33 gpt Ag and 0.60% Pb+Zn) in New Discovery Zone at Promontorio in Sonora, Mexico. The holes are step out and exploratory holes testing 3 different target areas.
As quoted in the press release:
Highlights Include: Farm EM Zone
- Discovery of a new oxide zone of mineralization 350 to 400 meters to the southwest of the Pit Resource. Drilling intercepted 3 separate intervals in the new zone, including DH 135, which returned 104 gpt Silver Eqv (81 gpt Ag and 0.97% Pb+Zn) over 10 meters, including 3 meters grading 246 gpt Silver Eqv (176 gpt Ag and 3.04% Pb+Zn)
- DH 140 returned 9 meters of 47 gpt Silver Eqv (33 gpt Ag and 0.60% Pb+Zn)
North of Pit Resource
- DH 129 intercepted 2 intervals including 60 meters returning 58 gpt Silver Eqv (31 gpt Ag and 1.18% Pb+Zn) including 22 meters of 96 gpt Silver Eqv (50 gpt Ag and 1.96% Pb+Zn) and 4 meters of 57 gpt Silver Eqv (33 gpt Ag an 1.03% Pb+Zn)
- DH 137 returned 3 different intercepts approximately 50 to 75 meters up dip of DH 129 including 21 meters of 39 gpt Silver Eqv (22 gpt Ag and 0.72% Pb+Zn, 15 meters of 52 gpt Silver Eqv (31 gpt Ag and 0.91% Pb+Zn)
Kootenay Silver CEO James McDonald said:
We are very pleased with results from step-out drilling. Assays returned a series of encouraging intercepts from a newly discovered mineralized zone in the Farm EM target area, which sits over 350 meters to the southwest of the Pit resource and remains open in several directions. Additionally, mineralization in the Pit resource continues to open up to the north and west. Ongoing drilling and technical analysis will continue to focus on delineating the extent of mineralization in the Pit area and on determining the geometry of the new zone and its relation to the Pit Resource mineralization.