Kootenay Silver (TSXV: KTN) this morning announced the completion of the drill program at the Copalito Silver-Gold project in Sinaloa, Mexico. The program in its entirety consisted of 40 drill holes being conducted in a 4,153 metre program, for which assays from 29 holes were released this morning. While the first hole hole results were released in July, todays results were for holes five through thirty three.
While the first four holes produced notable results including 3.2 metres of 1,297 g/t silver and 0.285 gold, such high values were not released this morning. The highest grade reported this morning came from hole nine, with 95.4 g/t silver equivalent being reported over 18.0 metres, including 1,047 g/t equivalent over 1.0 metre.
The program conducted this summer at Copalito was the first drill program conducted on the property. The focus of the program was to drill a number of short holes into each of the known vein structures to determine grade, continuity potential, and build a prioritized inventory of veins. Each hole averaged a length of just 100 metres, confirming mineralization is present at depth. The company has identified a number of locations that will be subject to follow up drilling.
Drilling was conducted on seven of the nine known veins on the property, with the veins veins having a total strike length estimated at 10,000 metres. Drilling however was conducted along only 2,500 metres of this strike length.
DEtailed drill results were provided by the company and can be found here.
Assays from the final seven holes are expected to be released by the company once received.
Kootenay Silver last traded at $0.40 on the TSX Venture.
Information for this briefing was found via Sedar and Kootenay Silver. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
