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Kootenay Acquires Drill Ready Silver/Copper Property in South Eastern, B. C.
Kootenay Gold Inc. (CVE:KTN) reports that it has acquired Silver Fox silver/copper property in South Eastern, British Columbia.
Kootenay Gold Inc. (TSXV:KTN) reports that it has acquired Silver Fox silver/copper property in South Eastern, British Columbia.
The press release is quoted as saying:
The Western Montana Copper Sulfide Belt, which lies on trend with, and bears strikingly similar geological characteristics to the Silver Fox, consists of “Revett Type” Silver-Copper sediment hosted deposits, which combined, in the United States portion of the trend, are host to over 680 million ounces of silver and 5,600 million pounds of copper in several deposits, the largest of which individually contain in excess of 200 million ounces of silver and 1,700 million pounds of copper (e.g. Montanore, Rock Creek).
Kootenay Gold’s President and CEO, James McDonald says:
“The acquisition of the mineral rights which form and encompass the Silver Fox property is the result of extensive evaluation and preliminary ground exploration conducted to date by our geological team”
“We have assessed the property’s geological characteristics and structural control and have already defined several prospective drill targets. Accordingly, we clearly view the potential of the Canadian side of the formation as a significant emerging play in the region”.
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