VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 5, 2009) - Kootenay Gold Inc. (TSX VENTURE:KTN) ("Kootenay") is pleased to announce drill results from five holes at its 100% owned Promontorio Silver Discovery located in Sonora State, Mexico. Three holes are large step out exploratory holes in a new Dorotea discovery 1600 meters to the northwest of the PIT Discovery zone. A total of 57 holes have now been drilled at Promontorio.
Jim McDonald, CEO of Kootenay, commented: "The new Dorotea area is along a northwest trending structural zone. This structure can be traced for at least 2 kilometers northwest of Dorotea in airborne aeromagnetic and satellite photography. It appears to be open to the northwest and may project southeast into the northeast trending structural zone in the PIT area. This represents an exciting new target discovered by drilling a known mineral occurrence. Dorotea is a positive indication of the discovery potential of the numerous other mineral occurrences within the 90,000 hectare Promontorio project."
Detailed mapping work and integration of recent assays is underway and the results will form the basis for designing the next drill program. Assay results are also pending on surface exploration along the northwest trend.
Drill results of holes KP 53 and KP 54 are step out holes to the north and east of the PIT Discovery. KP 55 to KP 57 are in the new Dorotea discovery some 1600 meters northeast of the PIT Discovery. Highlights of results include:
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AgEq
From To Interval Ag Au (Ag,Au) Pb+Zn
Drill Hole (m) (m) (m) (g/t) (g/t) (g/t) (%)
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Pit/Discovery Zone
KP 53 08 135.00 193.50 58.50 32.24 0.27 52.31 1.26
Incl. 135.00 153.00 18.00 73.67 0.45 106.75 2.99
Incl. 142.50 148.50 6.00 194.50 0.98 266.66 7.95
KP 54 08 212.00 313.00 101.00 26.21 0.37 53.72 0.74
Incl. 262.00 277.00 15.00 40.85 1.11 122.44 1.03
Dorotea
KP 55 08 3.00 16.50 13.50 77.39 2.78 282.39 1.08
Incl. 3.00 9.00 6.00 167.20 5.92 603.20 1.62
KP 56 08 0.00 34.50 34.50 74.83 1.73 202.00 2.42
Incl. 9.00 18.00 9.00 173.40 3.28 414.93 5.24
KP 57 08 123.00 139.50 16.50 86.10 0.52 124.18 3.79
Incl. 130.50 138.00 7.50 157.80 0.95 227.78 7.15
Notes to table:
1. Weighted averages for intervals including lost or unsampled intervals
were calculated using zero values for the missing intervals
2. Prices used in calculating AgEq: Au $810/oz, Ag $11/oz
3. If an assay value was below the detectable limit a value halfway
between the detectable limit and zero was used: Au less than 2 ppb
equals 1 ppb; Ag less than 0.5 ppm equals 0.25 ppm; Pb less than 0.01%
equals 0.005%; Zn less than 0.01% equals 0.005%
4. Grades assume 100% recovery
Geology
All five holes contain mineralization which occurs as pyrite, galena, sphalerite in veins, veinlets, disseminations and breccia infilling along with calcite, quartz, sercite and propylitic alteration.
Drill results from the 2007/8 program are summarized in the table below. NOTE: (i) Denotes previously released drill holes; Previous news releases utilized a conversion rate of Au $790 and Ag $14 to calculate AgEq (Silver Equivalent). All previously announced holes (KP 1 to KP 52), including current results (KP 53 to KP 57) have been converted using Au $810, Ag $11. For a complete summary of KP 1 to KP57 visit http://www.kootenaygold.ca/s/DrillRe... .
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AgEq
From To Interval Ag Au (Ag,Au) Pb Zn Pb+Zn
Drill Hole (m) (m) (m) (g/t) (g/t) (g/t) (%) (%) (%)
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KP 01 07(i) 53.48 57.25 3.77 236.80 0.72 289.82 0.47 0.35 0.81
KP 02 07(i) 71.15 100.75 29.60 215.60 1.23 306.17 0.94 2.39 3.33
KP 04 07(i) 110.60 130.57 19.97 18.84 0.49 54.92 0.21 0.19 0.39
KP 05 07(i) 66.37 81.34 14.97 329.50 1.81 462.78 1.79 2.60 4.39
KP 06 07(i) 111.58 136.72 25.14 209.40 0.97 280.83 0.89 1.12 2.01
Incl. 117.87 121.93 4.06 492.70 1.63 612.73 1.49 2.59 4.08
Incl. 130.73 136.72 5.99 462.30 0.93 530.78 2.05 2.58 4.64
KP 07 07(i) 47.12 62.15 15.03 27.95 0.60 72.13 0.47 0.83 1.29
KP 07 07(i) 23.64 66.45 42.81 20.85 0.36 47.36 0.27 0.44 0.71
Incl. 23.64 25.95 2.31 128.90 0.92 196.65 1.13 2.03 3.15
KP 08 07(i) 0 45.15 45.15 23.10 0.58 65.81 0.11 0.28 0.39
Incl. 17.47 45.15 27.68 36.09 0.87 100.15 0.17 0.32 0.49
KP 09 07(i) 54.80 87.46 32.66 212.90 2.34 385.21 1.72 2.21 3.93
Incl. 61.85 68.55 6.70 671.20 3.46 925.98 3.29 4.59 7.88
Incl. 60.35 80.25 19.90 345.10 3.36 592.52 2.78 3.59 6.37
KP 10 07(i) 106.10 135.00 28.90 31.32 0.24 48.99 0.28 0.15 0.44
KP 12 07(i) 127.20 127.74 0.54 158.50 3.83 440.53 2.15 2.95 5.10
KP 12 07(i) 111.20 115.00 3.80 95.49 1.30 191.22 1.16 1.59 2.75
KP 12 07(i) 58.61 60.35 1.74 26.53 0.60 70.71 0.72 0.75 1.47
KP 13 07 49.70 92.23 42.53 8.61 0.47 43.22 0.02 0.02 0.05
KP 14 07(i) 58.88 62.17 3.29 11.33 0.11 19.43 0.53 0.66 1.20
KP 15 07(i) 64.20 65.40 1.20 942.10 1.51 1053.29 6.26 6.44 12.70
KP 15 07(i) 119.91 124.18 4.27 8.47 0.27 28.35 0.46 0.20 0.66
KP 16 07(i) 10.55 22.23 11.68 17.87 0.15 28.92 0.24 0.27 0.51
KP 17 07(i) 8.38 188.75 180.37 16.67 0.23 33.61 0.32 0.37 0.70
Incl. 27.40 38.85 11.45 55.54 1.12 138.01 1.18 1.28 2.46
Incl. 12.95 75.90 62.95 36.27 0.53 75.30 0.72 0.84 1.57
KP 18 07(i) 18.75 23.37 4.62 34.61 0.29 55.96 0.55 1.10 1.65
KP 18 07 14.35 21.95 7.60 22.10 0.98 94.26 0.32 0.63 0.95
KP 18 07(i) 91.23 96.12 4.89 35.07 0.24 52.74 0.70 0.59 1.29
KP 18 07(i) 161.12 182.95 21.83 9.62 0.42 40.55 0.09 0.27 0.35
KP 19 07(i) 8.90 153.00 144.10 36.62 0.17 49.14 0.38 0.46 0.85
Incl. 126.61 153.00 26.39 134.50 0.24 152.17 1.35 1.53 2.88
KP 20 07(i) 35.55 381.92 346.37 28.12 0.38 56.10 0.56 0.74 1.30
Incl. 343.58 348.34 4.76 76.81 2.20 238.81 1.76 3.25 5.01
Incl. 215.35 302.05 86.70 52.37 0.43 84.03 1.10 1.28 2.38
Incl. 215.35 381.92 166.57 40.54 0.45 73.68 0.86 1.06 1.92
Incl. 35.55 83.10 47.55 30.10 0.67 79.44 0.55 0.73 1.28
KP 21 07 16.80 20.20 3.40 1.13 1.15 85.81 0.02 0.01 0.03
KP 22 07(i) 44.40 202.05 157.65 48.93 0.51 86.48 0.70 0.95 1.65
Incl. 190.85 197.93 7.08 212.20 2.58 402.18 3.06 3.60 6.66
Incl. 71.05 75.95 4.90 49.67 1.71 175.59 0.93 3.09 4.03
Incl. 152.25 202.05 49.80 95.53 0.95 165.48 1.36 1.76 3.12
KP 22 07(i) 6.30 26.10 19.80 8.02 0.16 19.80 0.09 0.13 0.22
KP 23 08(i) 6.55 444.00 437.45 28.20 0.44 60.60 0.53 0.63 1.16
Incl. 67.45 79.10 11.65 143.50 1.14 227.45 2.82 2.11 4.93
Incl. 6.55 196.47 189.92 52.30 0.64 99.43 0.97 1.04 2.00
Incl. 333.65 444.00 110.35 13.93 0.46 47.80 0.27 0.50 0.77
KP 24 08(i) 3.00 438.00 435.00 13.96 0.20 28.69 0.22 0.28 0.50
Incl. 131.83 193.64 61.81 55.65 0.76 111.61 0.84 0.98 1.82
Incl. 338.30 419.40 81.10 9.40 0.10 16.76 0.19 0.37 0.56
KP 25 08(i) 2.01 388.65 386.64 46.15 0.44 78.55 0.78 0.76 1.54
Incl. 225.80 233.65 7.85 335.40 2.46 516.55 6.12 4.01 10.13
Incl. 201.00 298.67 97.67 100.40 0.77 157.10 1.74 1.50 3.24
Incl. 117.70 388.65 270.95 62.44 0.57 104.41 1.07 1.03 2.10
KP 26 08(i) 176.60 364.40 187.80 36.94 0.53 75.97 0.65 0.66 1.31
Incl. 200.75 302.40 101.65 53.00 0.82 113.38 0.92 0.94 1.85
Incl. 200.75 230.65 29.90 87.11 1.02 162.22 1.48 1.45 2.93
KP 27 08(i) 0 419.88 419.88 31.86 0.43 63.52 0.57 0.67 1.24
Incl. 11.15 83.85 72.70 52.27 1.06 130.32 0.85 0.97 1.82
Incl. 15.61 43.33 27.72 76.98 1.24 168.29 1.10 1.18 2.27
Incl. 109.80 345.95 236.15 34.75 0.36 61.26 0.66 0.74 1.40
Incl. 200.45 266.35 65.90 61.36 0.78 118.80 1.13 1.20 2.33
KP 28 08(i) 22.10 33.67 11.57 13.67 0.22 29.87 0.43 0.62 1.05
KP 28 08(i) 87.61 164.20 76.59 20.75 0.23 37.69 0.36 0.52 0.89
Incl. 119.94 164.20 44.26 24.78 0.33 49.08 0.44 0.67 1.11
KP 28 08(i) 195.78 234.50 38.72 22.76 0.58 65.47 0.35 0.53 0.88
KP 28 08(i) 392.71 416.00 23.29 23.71 0.33 48.01 0.47 1.13 1.59
KP 29 08(i) 19.13 38.02 18.89 24.33 0.19 38.32 0.51 0.79 1.30
KP 29 08(i) 166.35 434.56 268.21 28.49 0.42 59.42 0.54 0.65 1.18
Incl. 166.35 357.40 191.05 34.83 0.50 71.65 0.65 0.72 1.37
Incl. 288.15 336.50 48.35 36.76 0.99 109.66 0.85 0.94 1.79
Incl. 323.00 335.00 12.00 84.99 2.77 288.96 1.99 2.02 4.01
KP 30 08(i) 70.00 75.00 5.00 21.68 0.11 29.78 0.49 0.60 1.09
KP 30 08(i) 123.57 129.76 6.19 16.06 0.22 32.26 0.26 0.45 0.71
KP 30 08(i) 202.19 351.27 149.08 31.01 0.40 60.46 0.43 0.41 0.84
Incl. 277.26 312.40 35.14 50.14 0.65 98.00 0.90 0.76 1.67
KP 30 08(i) 381.64 425.10 43.46 25.26 0.25 43.67 0.55 0.73 1.28
KP 31 08(i) 206.90 219.66 12.76 12.59 0.11 20.69 0.24 0.37 0.60
KP 31 08(i) 226.00 236.71 10.71 23.62 0.14 33.93 0.45 0.59 1.04
KP 31 08(i) 275.45 357.90 82.45 16.41 0.19 30.40 0.28 0.30 0.58
Incl. 275.45 291.23 15.78 34.50 0.52 72.79 0.63 0.68 1.30
KP 32 08(i) 198.95 327.30 128.35 26.66 0.52 64.95 0.49 0.50 0.98
Incl. 267.56 327.30 59.74 32.54 0.60 76.72 0.60 0.57 1.17
KP 32 08(i) 354.70 366.97 12.27 16.89 0.12 25.73 0.35 0.37 0.72
KP 32 08(i) 407.25 411.08 3.83 21.03 0.36 47.54 0.44 0.56 1.01
KP 33 08(i) 164.35 295.71 131.36 42.21 0.50 79.03 0.60 0.71 1.31
KP 33 08(i) 164.35 264.00 99.65 52.84 0.62 98.49 0.77 0.89 1.66
KP 33 08(i) 310.64 386.20 75.56 37.17 0.45 70.31 0.68 0.68 1.36
Incl. 323.69 386.20 62.51 40.95 0.50 77.77 0.75 0.71 1.46
KP 34 08(i) 215.28 284.60 69.32 30.46 0.39 59.18 0.38 0.41 0.79
KP 35 08(i) 287.60 385.00 97.40 50.79 0.40 80.24 0.97 1.24 2.21
Incl. 311.74 335.95 24.21 89.81 0.59 133.26 1.94 2.25 4.19
Incl. 321.90 335.95 14.05 111.60 0.76 167.56 2.51 2.86 5.37
KP 36 08(i) 88.15 396.89 308.74 30.27 0.36 56.78 0.52 0.58 1.10
Incl. 208.35 295.80 87.45 41.83 0.49 77.91 0.72 0.89 1.62
Incl. 259.95 295.80 35.85 60.31 0.59 103.76 1.05 1.25 2.31
Incl. 332.14 373.98 41.84 32.46 0.59 75.91 0.72 0.71 1.43
KP 37 08(i) 83.92 123.70 39.78 54.85 0.44 87.25 0.84 1.01 1.85
Incl. 108.45 123.70 15.25 142.20 0.76 198.16 1.76 2.03 3.78
KP 37 08(i) 155.95 167.20 11.25 22.00 0.37 49.25 0.34 0.48 0.82
KP 37 08(i) 244.70 251.83 7.13 44.39 1.22 134.23 1.12 1.26 2.38
KP 37 08(i) 280.00 308.71 28.71 41.80 0.30 63.89 0.61 0.72 1.34
Incl. 305.30 307.06 1.76 163.10 1.14 247.05 2.64 3.12 5.76
KP 37 08(i) 316.50 336.97 20.47 23.27 0.38 51.25 0.34 0.40 0.73
KP 37 08(i) 359.81 360.96 1.15 57.19 2.14 214.77 1.09 0.03 1.12
KP 39 08(i) 293.21 311.94 18.73 37.58 0.27 57.46 0.60 0.66 1.26
KP 39 08(i) 328.84 341.82 12.98 37.51 0.27 57.39 0.62 0.50 1.13
KP 39 08(i) 450.85 520.24 69.39 16.44 0.17 28.96 0.47 0.37 0.84
Incl. 492.00 513.63 21.63 22.89 0.26 42.04 0.67 0.47 1.13
Incl. 463.70 483.34 19.64 20.16 0.15 31.21 0.54 0.57 1.10
Incl. 450.85 483.34 32.49 17.29 0.17 29.81 0.48 0.43 0.92
KP 39 08(i) 575.30 590.30 15.00 18.57 0.17 31.09 0.38 0.64 1.02
KP 39 08(i) 590.30 621.00 30.70 30.67 0.32 54.23 0.74 0.94 1.68
KP 40 08(i) 100.00 133.50 33.50 69.38 0.83 130.50 0.31 0.49 0.80
KP 40 08(i) 174.00 241.50 67.50 12.44 0.23 29.38 0.13 0.18 0.31
KP 40 08(i) 320.50 395.50 75.00 19.73 0.32 43.29 0.53 0.45 0.98
Incl. 344.50 395.50 51.00 23.11 0.39 51.83 0.62 0.54 1.16
Incl. 338.50 395.50 57.00 22.46 0.37 49.71 0.62 0.53 1.16
KP 41 08(i) 523.50 565.50 42.00 22.73 0.08 28.62 0.54 0.49 1.03
KP 41 08(i) 550.50 561.00 10.50 45.76 0.18 59.01 1.26 0.88 2.14
KP 43 08(i) 129.50 138.50 9.00 47.35 0.22 63.55 0.97 1.37 2.34
KP 43 08(i) 152.00 156.00 4.00 0.25 1.66 122.49 0.02 0.05 0.07
KP 43 08(i) 195.00 228.00 33.00 5.31 0.24 22.98 0.11 0.23 0.34
KP 44 08(i) 1.00 106.50 105.50 34.26 0.47 68.87 0.65 0.70 1.35
Incl. 1.00 52.50 51.50 43.23 0.64 90.36 0.73 0.79 1.53
Incl. 1.00 33.00 32.00 48.87 0.82 109.25 0.86 0.94 1.80
KP 44 08(i) 123.00 126.00 3.00 92.05 0.58 134.76 1.34 1.33 2.67
KP 44 08(i) 130.50 136.50 6.00 111.30 0.48 146.65 0.65 0.75 1.39
KP 44 08(i) 180.50 185.00 4.50 87.40 0.73 141.15 1.26 1.87 3.13
KP 44 08(i) 202.00 321.00 119.00 52.30 0.35 78.07 1.15 1.10 2.25
Incl. 222.00 294.00 72.00 70.57 0.41 100.76 1.55 1.54 3.09
Incl. 222.00 319.50 97.50 61.76 0.38 89.74 1.36 1.31 2.68
KP 45 08(i) 117.00 201.00 84.00 7.60 0.25 26.01 0.09 0.10 0.19
Incl. 117.00 150.00 33.00 7.53 0.31 30.36 0.08 0.09 0.17
KP 46 08(i) 171.00 172.50 1.50 125.30 1.92 266.68 2.71 3.14 5.84
KP 47 08(i) 29.00 31.00 2.00 687.10 2.27 854.25 1.37 2.60 3.97
KP 50 08(i) 162.00 163.50 1.50 2.00 2.69 200.08 0.12 0.24 0.36
KP 52 08(i) 154.50 157.50 3.00 67.25 2.03 216.73 0.94 0.88 1.82
KP 52 08(i) 247.50 250.50 3.00 29.80 0.98 101.96 0.45 0.42 0.88
KP 52 08(i) 331.50 334.50 3.00 20.30 0.83 81.42 0.38 0.40 0.78
KP 53 08 0 15.00 15.00 14.42 0.12 23.32 0.13 0.09 0.22
KP 53 08 135.00 193.50 58.50 32.24 0.27 52.31 0.64 0.62 1.26
Incl. 135.00 153.00 18.00 73.67 0.45 106.75 1.56 1.43 2.99
Incl. 142.50 148.50 6.00 194.50 0.98 266.66 4.22 3.73 7.95
KP 54 08 212.00 313.00 101.00 26.21 0.37 53.72 0.40 0.34 0.74
Incl. 262.00 277.00 15.00 40.85 1.11 122.44 0.68 0.34 1.03
Incl. 262.00 303.00 41.00 40.75 0.72 93.68 0.61 0.52 1.13
Incl. 262.00 313.00 51.00 40.76 0.62 86.66 0.60 0.53 1.13
KP 55 08 3.00 16.50 13.50 77.39 2.78 282.39 0.62 0.45 1.08
Incl. 3.00 9.00 6.00 167.20 5.92 603.20 1.31 0.32 1.62
Incl. 3.00 13.50 10.50 98.64 3.50 356.59 0.78 0.44 1.22
KP 55 08 37.50 48.00 10.50 23.06 0.25 41.35 0.33 0.25 0.58
KP 56 08 0 34.50 34.50 74.83 1.73 202.00 1.26 1.16 2.42
Incl. 9.00 18.00 9.00 173.40 3.28 414.93 2.57 2.67 5.24
Incl. 0 18.00 18.00 111.90 2.55 299.82 1.78 1.41 3.19
Incl. 0 24.00 24.00 100.70 2.31 270.43 1.63 1.49 3.12
KP 57 08 81.00 90.00 9.00 8.21 0.43 40.22 0.16 0.18 0.35
KP 57 08 123.00 139.50 16.50 86.10 0.52 124.18 1.90 1.89 3.79
Incl. 130.50 138.00 7.50 157.80 0.95 227.78 3.61 3.54 7.15
Incl. 129.00 139.50 10.50 127.70 0.78 185.25 2.86 2.88 5.74
Notes to table:
1. Weighted averages for intervals including lost or unsampled intervals
were calculated using zero values for the missing intervals
2. Prices used in calculating AgEq: Au $810/oz, Ag $11/oz
3. For drill holes KP 01 07 to KP 36 08: If an assay value was below the
detectable limit the grade of the limit was used in calculations.
4. For holes drilled after KP 36 08: If an assay value was below the
detectable limit a value halfway between the detectable limit and zero
was used: Au less than 2 ppb equals 1 ppb; Ag less than 0.5 ppm equals
0.25 ppm; Pb less than 0.01% equals 0.005%; Zn less than 0.01% equals
0.005%
5. Grades assume 100% recovery
Drilling
Drilling is all core and has been contracted to BDW International out of Guadalajara Mexico and all core has been HQ sized. Drill hole coordinates can be viewed at www.kootenaygold.ca.
Sampling and Assaying
All core samples are cut by a rock saw with one half being returned to the core box for reference and the other being bagged in a plastic sample bag which is labeled, tagged, documented and sealed with wire. Each sample is placed in a rice sack and sealed with a zip tie. All samples are recorded and delivered to International Plasma Labs Ltd. ("iPL") sample preparation lab in Hermosillo, Sonora, Mexico. Receipt of the samples is signed off at the preparation lab. Pulps of each sample are then prepared and sent to iPL Laboratories in Richmond B.C. Canada an ISO 9001-2000 certified full service laboratory. All of the samples referred to herein are core samples. A QA/QC program which includes the regular insertion by the Company of duplicates, blanks and standards has been instituted. iPL Laboratories also has its own system of replicate analysis and blanks which it provides to the Company. Each pulp is analyzed using iPL's AU(FA/AAS) Ag/Ore-Grade by Multi acid digestion ICP (Cu/Pb/Zn/Ag) assay package. This is a multi acid digestion with gold analyzed with an AA finish with over limits done with gravimetric finish and silver analyzed by ICP (inductively coupled plasma) and a gravimetric finish on over limits while zinc was analyzed by ICP and lead by fire assay. Sample lengths vary from 0.5 to 2.0 meters in width with the majority being 1.5 or 2.0 meters.
Certain technical engineering data is also being collected from the core including RQD (Rock Quality Designation), recovery, photographs and specific gravity measurements.
The foregoing geological disclosure has been reviewed and verified by Kootenay's CEO, James McDonald, P.Geo (a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects). Mr. McDonald is a director of the Company.
About Kootenay
Kootenay is an emerging exploration Company actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. The Company's top priority remains the ongoing development of its Promontorio Silver project in Sonora State, northwest Mexico, which encompasses the former producing Promontorio Silver Mine.
Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
To view the map accompanying this release please click on the following link: http://media3.marketwire.com/docs/02... |
