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Drilling Dramatically Increases Strike Length of D-Vein with highs to 920 gpt Silver and 4.1% lead-zinc at Columba High-Grade Silver Project

In This Article:

VANCOUVER, BC, May 21, 2024 /CNW/ - Kootenay Silver Inc. (TSXV: KTN) (the "Company" or "Kootenay") is very pleased to announce results from the first six drill holes targeting the eastern extension of the D-Vein target.

Kootenay Silver Inc. Logo (CNW Group/Kootenay Silver Inc.)
Kootenay Silver Inc. Logo (CNW Group/Kootenay Silver Inc.)

Four of the first six holes (CDH-24-148 to 151) were deliberately drilled at shallow levels to establish dip orientation of the vein before testing the deeper productive zone. Outcrop exposure is limited in the drilling area and initial holes drilled for structure followed by holes CDH-24-152 and 153 that drilled for grade at a significant 200 meter step out from previous intercepts at a comparable depth.

Holes CDH-24-152 and 153 targeted D-Vein at or below the important elevation of 1750 meters above sea level below which, as a rule of thumb at Columba Project, high silver grades are encountered. These two holes are on the same fence and are both very large step outs of 200 meters from the nearest intercept below 1750m elevation (CDH-23-147). and both intercepted mineralization in the  D-vein. The two holes are 150 meters apart in the dip direction.

Holes CDH-24-152 to 153 increase the previously established 450 meter strike length to 650 meters between holes CDH-23-136 to 137 and CDH-24-152 to 153.

Highlights

CDH-24-153

  • 435 gpt silver over 11 meters drilled width/3.52 meters estimated true width within 183 gpt silver over 40 meters drilled width/12.96 meters estimated true width

  • 920 gpt silver assay high over 1.35 meters drilled width/0.43 meters est. true width

  • Very large lateral step out along strike from nearest holes at similar elevation around 1600 to 1675m.

  • ~325 meters from CDH-23-145 (22 meters/15.4 meters est. true width of 174 gpt silver with 6 meters/4.2 meters est. true width of 435 gpt silver and 1 meter of 814 gpt silver)1

  • ~375 meters from CDH-22-128 (20 meters/13.6 meters est. true width of 136 gpt silver with 2 meters of 520 gpt silver)2

CDH-24-152

  • Large step out along strike of previous drilling.

  • Tests the upper edge of high grade zone near 1775 meter above seal level

  • 200 meters along strike of CDH-23-147 (532 gpt silver over 8 meters drilled/4.96 meters est. true width within 219 gpt silver over 28 meters)3

  • 150 meters up dip of CDH-24-153

  • 347 gpt silver over  5.6 meters drilled/3.36 meters est. true width within 240 gpt silver over 9.0 meters drilled /5.4 meters est. true width.

  • 492 gpt silver over 2.65 meters drilled/1.59 meters est. true width.

The current drilling program is designed to find the strike extent of D-Vein mineralization in preparation of infill drilling and a now fully funded follow up program of 20,000 meters, aimed to delineate a maiden resource expected in late 2024. In addition to the D-Vein, the Company maintains a priority list of new vein targets and known vein extensions all warranting drill testing.