Kootenay announced that additional assay results support the potential discovery of a high-grade silver deposit at Columba silver project.
Kootenay Silver Inc. (TSXV: KTN) announced that additional assay results from outcropping quartz veins continue to support the potential for the discovery of a high-grade silver deposit at the company’s newly acquired Columba silver project located in Chihuahua State, Mexico.
As quoted in the press release:
Columba hosts a former producing high-grade silver mine that covers a classic high-grade silver epithermal system comprised of numerous veins. The property has never been systematically explored during modern times. Initial exploration by the Company traced mineralized veins on surface over strike lengths of 200 meters to up to 2 kilometers, while sampling returned widths of 0.5 to 6 meters with grades of up to 692 grams per tonne (gpt) silver.
Exploration work at Columba is continuing prior to the commencement of drilling which is anticipated to begin in Q1 2019. The strategy of the upcoming drill program will focus on confirming high grades reported from historic underground sampling and production data.
Results of the most recent mapping and sampling completed at Columba returned anomalous silver values consistent to those previously reported on the property. The follow up program comprised of 79 individual samples (50 channel and 29 grab) taken from 8 of the 10 veins identified on surface, with all but three samples returning anomalous silver values. Highlights include 33 samples, between lengths of 0.70 and 2.0 meters, returning silver values ranging between 30 gpt to 397 gpt and 55 samples returning grades >10 gpt.
In addition to the individual sample results, adjacent channel samples taken along continuous segments of the veins were assembled to create cross sections to establish overall widths and grades of the outcropping mineralization at surface. Highlights of these contiguous channel samples include individual cross sections returning 4.9 meters of 198.37 gpt silver, 3.5 meters of 275.97 gpt silver and 2.2 meters of 330 gpt silver.
These results are consistent with the previously announced results from earlier work reported by the company and support the observation that grades, vein continuity and vein widths improve as one moves into lower elevations, being deeper into the system. This observation is also seen in historic underground mining data that indicate grades continue to increase with depth as reported in the company’s news release dated November 19, 2018.