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Kootenay Update on Activities at La Cigarra Project: Site Preparation Nearing Completion, 3,000 Metre Drill Program Slated to Commence August 1, 2016
VANCOUVER, July 21, 2016 /CNW/ – Kootenay Silver (TSXV:KTN) (the “Company” or “Kootenay”) is pleased to provide an update on activities at its 100% owned La Cigarra silver project located in Chihuahua State, Mexico. The Company reports drill permits are in place and preparations for the previously announced 3,000 metre drill program are well underway with …
VANCOUVER, July 21, 2016 /CNW/ – Kootenay Silver (TSXV:KTN) (the “Company” or “Kootenay”) is pleased to provide an update on activities at its 100% owned La Cigarra silver project located in Chihuahua State, Mexico. The Company reports drill permits are in place and preparations for the previously announced 3,000 metre drill program are well underway with expectations that drilling will commence on or by August 1, 2016.
The targeted drill program is designed to test the high priority RAM target and to expand La Cigarra’s current mineral resource estimate by targeting continuity of high-grade trends recently identified within the resource. (Click the following link to view a map of the La Cigarra Resource and RAM drill targets)
States Kootenay President and CEO James McDonald “We are very pleased to proceed with our drill program on La Cigarra and the highly prospective nearby RAM target. This is a key drill campaign that will aid us in our goal of expanding known resources with focus on understanding and expanding high-grade silver zones extending from within the La Cigarra resource prior to proceeding with a Preliminary Economic Assessment on the project. We are also very excited to conduct a maiden drill program on the nearby RAM target that is a large, structurally controlled 3.8 kilometre anomalous silver trend that offers significant potential to further add to our current silver resources.”
Drill testing will begin on the RAM target where the initial 8 holes of the program are planned, followed by drilling along extensions of the La Cigarra resource where several underlying high-grade silver zones have been identified. This includes the southern boundary of the Las Carolinas Zone where hole 155 returned 23 metres of 138 g/t silver. (See Northair News Release dated Dec 15, 2014). This area remains open down dip and along strike to the southeast, which could potentially extend an additional two kilometres. The overall objective of the program will be to further determine the controls of the high-grade mineralized zones, contained within and extending from La Cigarra with a focus on expanding the known NI 43-101 silver resource estimate.
A larger drill program will be designed as progress and results of re-logging to assess the potential to model the high-grade zones and the 3,000 metre program are made and received.
Connect with Kootenay Silver (TSXV:KTN) to receive an Investor Presentation.
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