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Kootenay Announces New Drill Discovery Proximal to La Cigarra Silver Deposit
VANCOUVER, Nov. 23, 2016 /CNW/ – Kootenay Silver (TSXV:KTN) is pleased to announce results from the first 11 holes of its maiden drill program on its RAM structure, situated approximately 700 meters to the west and south of the Company’s La Cigarra silver deposit in Chihuahua State, Mexico.
VANCOUVER, Nov. 23, 2016 /CNW/ – Kootenay Silver (TSXV:KTN) is pleased to announce results from the first 11 holes of its maiden drill program on its RAM structure, situated approximately 700 meters to the west and south of the Company’s La Cigarra silver deposit in Chihuahua State, Mexico.
The program drill tested a 400-meter strike length of the 3,800-meter long RAM structure and dip extents between 65 and 200 meters. Assay results from drilling confirm RAM is a strongly mineralized silver system, hosting multiple zones of quartz veining as sheeted, stockworked or brecciated veins within an altered structure that measures 50 to 150 meters wide. The Company reports the system remains open along strike to the north and south for up to 3,400 meters and down dip to the west.
Kootenay President and CEO James McDonald states, “Results from the first 11 holes of the program confirm RAM is an entirely new silver discovery and development of this mineralized structure will remain a top priority for the Company. The strength and consistency of veining within the structure bodes well for the discovery of further silver resources at depth and along both strike directions. Drilling returned good continuity of silver grades across a 400-meter strike length and widespread silver mineralization was encountered in all but two of the eleven holes, confirming the structure’s large-scale potential. Moving forward, the close proximity of the RAM structure to our established La Cigarra silver resource offers excellent potential for future shared infrastructure and economies of scale, as we continue to develop RAM and advance our main La Cigarra deposit towards the economic stage.”
Drill Highlights from RAM Zone:
- CC-16-04 returning 89.83 gpt silver over 18.0 meters; including 190.5 gpt silver over 3.0 meters
- CC-16-09 returning 166.5 gpt silver over 6.0 meters; including 761.0 gpt silver over 1.0 meter
- CC-16-03 returning 58.86 gpt silver over 16.5 meters; including 141.25 gpt silver over 4.5 meters
- CC-16-01 returning 27.60 gpt silver over 31.1 meters; including 83.0 gpt silver over 4.45 meters
- CC-16-06 returning 56.45 gpt silver over 14.7 meters; including 80.14 gpt silver over 9.35 meters
The RAM structure is one of 8 prospective targets that have been identified proximal to the La Cigarra deposit with the potential to add near surface silver resources to the project. Click to view: the RAM drill plan and cross sections of holes 6, 7, 8 and 9.
Read the full press release.
Connect with Kootenay Silver (TSXV:KTN) to receive an Investor Presentation.
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