Kootenay Silver (TSXV: KTN) this morning published a maiden mineral resource estimate for their Columba Silver project in Mexico, which is one of the flagship assets within Kootenay’s portfolio.
The maiden estimate is a based on an underground resource model, with the model based upon over 53,000 metres of drilling within over 200 holes. Highlights from the estimate include:
- Inferred Resources: 5.92 million tonnes at 284 g/t silver, 0.19% lead and 0.50% zinc
- Containing 54.07 million ounces of silver, 25.2 million pounds of lead and 65.6 million pounds of zinc
The estimate is based on a cut-off grade of 150 grams per tonne, with the mineralized veins said to remain wide open to expansion along strike, to depth, or both. The resource includes a total of 17 epithermal veins within it, which comprise the Columba vein system. The veins across all zone are believed to average 5 to 6 metres in width, with continuity said to be excellent.
“We believe this resource is just the first step in defining the true extent of the mineralized system at Columba and remain focused on advancing exploration. We will continue with step out drilling of several kilometers of undrilled veins as well as selective infill on wide spaced intervals on known veins. Our team have designed an additional 50,000 meters of drilling planned at Columba with the first 20,000 to 30,000 meters focused on expanding the known resource,” commented James McDonald, CEO of Kootenay Silver.
Kootenay Silver last traded at $1.20 on the TSX Venture.
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