Kootenay Options Four Properties to SG Spirit Gold

- February 2nd, 2011

Kootenay Gold Inc. (CVE:KTN) reports that it has entered into an option agreement with SG Spirit Gold Inc. (CVE:SG) whereby Spirit Gold can earn an undivided 60% interest in four properties, three of which are drill ready.

Kootenay Gold Inc. (TSXV:KTN) reports that it has entered into an option agreement with SG Spirit Gold Inc. (TSXV:SG) whereby Spirit Gold can earn an undivided 60% interest in four properties, three of which are drill ready.

The press release is quoted as saying:

The properties: Chenier, Sweet Spot, Enigma and Ruby Steel (the “Option Properties”) comprise a total of 8,664.6074 ha. located in the highly prospective Kootenay region of southeastern British Columbia; Sweet Spot is proximal to the recent Iron Range discovery made by Eagle Plains Resources Ltd. and Providence Capital Corp.

Kootenay’s Consulting Geologist, Dr. Bob Thompson says:

“The newly formed J/V provides SG Spirit Gold the opportunity to participate in the exciting gold-base metal play underway in the Purcell Mountains by drilling the Sweet Spot property and at the same time drill three additional properties in the west Kootenay region, all of which possess large-scale potential. Kootenay’s interest in four prospective upcoming drill programs is a very positive development that will allow the Company to maximize the potential of its ongoing generative programs in the region”.

Click here to access the entire news release.

Click here to access Kootenay’s company profile.

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