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Kootenay Silver Inc. (TSXV:KTN) announced an updated resource estimate incorporating the gold content contained into the mineral resources of its flagship Promontorio Silver Project, due to new metallurgical data and information which supports recovery of gold. This updated resource estimate does not incorporate any drilling completed since the resource estimate announced on August 21, 2012.
As quoted in the press release:
The updated Measured and Indicated Resource contains an estimated 92,035,000 oz AgEq with another 24,326,000 oz AgEq categorized as Inferred, summarized in Table 1:
Kootenay Silver President and CEO James McDonald said:
This is an exciting day for Kootenay and its shareholders. The Company is extremely pleased with the findings of the resource estimate and proud to be approaching the 100 Million ounces, silver equivalent milestone. Two key factors contributed to the success of the updated resource estimate. First, the important addition of the gold content to the resource has added significantly to the resource value. Secondly, resulting from the addition of gold, the resource is now contained in a single larger optimized Whittle Pit, as opposed to two individual smaller pits reported in the August 21, 2012 resource estimate. We look forward to providing a further resource update at the conclusion of our current drill and resource expansion program.
Click here to read the Kootenay Silver Inc. (TSXV:KTN) press release
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