Kootenay Silver Inc. (TSXV: KTN) reported that a re-interpretation of data that included its Measured and Indicated resource estimate announced in August 2012 has outlined areas of potential expansion of the known M&I resource, and discovery and outline of numerous newly recognized breccia pipes in the diatreme system.
As quoted in the press release:
Subsequent to the August, 2012 resource estimate, Kootenay has undertaken extensive exploration which included: a drill program (16,400 metres) testing numerous peripheral anomalies and extensions of the known mineralization; re-interpretation of the geophysics; geologic mapping; re-interpretation of previous mapping and a soil survey program. Interpretation of this new data with the earlier database has outlined:
A. Areas of potential expansion of the known M&I resource. B. Target zones where drilling shows potential for up-grading category from inferred resource. C. New zones of resource potential outside drilled areas. D. Discovery and outline of numerous newly recognized breccia pipes in the diatreme system.
Kootenay Silver President and CEO James McDonald said:
The current work has identified numerous additional priority areas with potential to sharply expand resources. Especially noteworthy are the high silver grades in drill holes DH 185 to 188 (see news release June 4, 2013). Sitting between the NE and Pit zones, these holes show potential for the existence of a high-grade core that may connect to high grades previously identified in the NE Zone. As we approach our 100 million ounce silver equivalent milestone on Promontorio, we are excited about starting the next drill phase to test this new area of high grade silver mineralization along with the many other targets identified.