fast track exploration - Canada & Mexico
Kootenay's La Negra prospect is a significant and exciting new high grade silver discovery that offers exceptional potential to evolve into a substantial near surface, open-pit resource.
Message: Kootenay drives Promontorio to new heights
Northern Miner: Kootenay Silver drives Promontorio to new heights
http://www.northernminer.com/news/kootenay-drives-promontorio-to-new-heights/1002534288/
Kootenay drives Promontorio to new heights
2013-08-16
While investment in silver juniors has been sluggish for most of the year, Kootenay Silver (TSXV: KTN) isn’t letting the malaise slow it down.
The company is closing in on its goal of outlining 100 million ounces of silver equivalent resources at its Promontorio project in Sonora, Mexico, roughly 165-km south of Hermosillo, and it’s getting some help from the yellow metal along the way.
With recent metallurgical test work showing that 70% of the gold in the Promontorio’s could be extracted, the company updated its resource estimate in May and showed that the deposit was significantly bolstered by getting gold into the mix.
The estimate broke resources into open pit and underground categories with the open pit section showing measured and indicated resources of 44.5 million tonnes grading 27.77 grams silver per tonne, 0.35 gram gold per tonne, 0.4% lead and 0.47% zinc for 92.4 million oz. of silver equivalent.
It also has inferred resources of 14.6 million tonnes averaging 24.95 grams silver, 0.28 gram gold, 0.28% lead and 0.31% zinc.
Underground resources, which would be mined directly below a future pit, have measured and indicated resources of 215,000 tonnes grading 22.89 grams silver, 0.28 gram gold, 0.4% lead and 0.55% zinc and inferred resources of 1.3 million tonnes averaging 26.57 grams silver, 0.37 gram gold, 0.36% lead and 0.38% zinc.
Just a month before the updated resource estimate was announced, Agnico Eagle Mines (TSX: AEM; NYSE: AEM) made a $4.75 million investment into the company as part of its strategy to beef-up its presence in the Sonora state.
Prior to the Agnico investment the company had roughly $4 million in its treasury so it remains well financed to push ahead on further resource expansion at the deposit which is a diatreme breccia-hosted mineralization.
With the vote of confidence from Agnico and an updated resource estimate behind it, Kootenay dove head-first into a busy summer under the hot Mexican sun.
Just a few weeks after releasing the resource update it announced some of the most impressive drill results yet.
The results were from phase five of its program and highlight intercepts included 31.7 metres grading 301 grams per tonne silver equivalent and 18.4 metres grading 274 grams silver equivalent.
Those results came out of two separate holes and represented some of the highest grades ever seen at Promontorio.
The holes came from a new zone that Kootenay had only modest expectations for. The area is between the North East and Pit zones and is open along strike and dip directions. Kootenay says the zone appears to be on strike with other high-grade intercepts from the North East Zone.
With the strong drill results in the bag Kootenay next updated the market on its hydrologic work and environmental baseline studies at the end of July. It says monitoring the groundwater on the property will help advance the regulatory permits and assess potential environmental impacts.
The work should yield information on possible water sources for the project and dewatering for the planned open pit and underground mining operations.
Kootenay drives Promontorio to new heights
2013-08-16
While investment in silver juniors has been sluggish for most of the year, Kootenay Silver (TSXV: KTN) isn’t letting the malaise slow it down.
The company is closing in on its goal of outlining 100 million ounces of silver equivalent resources at its Promontorio project in Sonora, Mexico, roughly 165-km south of Hermosillo, and it’s getting some help from the yellow metal along the way.
With recent metallurgical test work showing that 70% of the gold in the Promontorio’s could be extracted, the company updated its resource estimate in May and showed that the deposit was significantly bolstered by getting gold into the mix.
The estimate broke resources into open pit and underground categories with the open pit section showing measured and indicated resources of 44.5 million tonnes grading 27.77 grams silver per tonne, 0.35 gram gold per tonne, 0.4% lead and 0.47% zinc for 92.4 million oz. of silver equivalent.
It also has inferred resources of 14.6 million tonnes averaging 24.95 grams silver, 0.28 gram gold, 0.28% lead and 0.31% zinc.
Underground resources, which would be mined directly below a future pit, have measured and indicated resources of 215,000 tonnes grading 22.89 grams silver, 0.28 gram gold, 0.4% lead and 0.55% zinc and inferred resources of 1.3 million tonnes averaging 26.57 grams silver, 0.37 gram gold, 0.36% lead and 0.38% zinc.
Just a month before the updated resource estimate was announced, Agnico Eagle Mines (TSX: AEM; NYSE: AEM) made a $4.75 million investment into the company as part of its strategy to beef-up its presence in the Sonora state.
Prior to the Agnico investment the company had roughly $4 million in its treasury so it remains well financed to push ahead on further resource expansion at the deposit which is a diatreme breccia-hosted mineralization.
With the vote of confidence from Agnico and an updated resource estimate behind it, Kootenay dove head-first into a busy summer under the hot Mexican sun.
Just a few weeks after releasing the resource update it announced some of the most impressive drill results yet.
The results were from phase five of its program and highlight intercepts included 31.7 metres grading 301 grams per tonne silver equivalent and 18.4 metres grading 274 grams silver equivalent.
Those results came out of two separate holes and represented some of the highest grades ever seen at Promontorio.
The holes came from a new zone that Kootenay had only modest expectations for. The area is between the North East and Pit zones and is open along strike and dip directions. Kootenay says the zone appears to be on strike with other high-grade intercepts from the North East Zone.
With the strong drill results in the bag Kootenay next updated the market on its hydrologic work and environmental baseline studies at the end of July. It says monitoring the groundwater on the property will help advance the regulatory permits and assess potential environmental impacts.
The work should yield information on possible water sources for the project and dewatering for the planned open pit and underground mining operations.
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