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Joint Venture Programs
Kootenay's experienced exploration team has developed an impressive portfolio with multiple exploration discoveries during the last five years
in the Rossland Republic Trend of British Columbia, Canada and the Sierra Madre Trend of Mexico.
Joint Venture Expenditures plus Share Payments
- Results in minimized dilution to Kootenay
- Increases exploration dollars spent on portfolio of properties
- Leverages success of exploration by holding shares in partner company
- Generates future sustainable growth
| PROJECT |
AGREEMENT |
SHARES TO KTN |
EXPENDITURES |
| Copley |
Joint Venture to earn 60% |
800,000 (NEE) |
C$2,200,000 |
| Santa Lucia |
Joint Venture to earn 60% |
800,000 (CPV) |
C$2,000,000 |
| Deer Creek |
Joint Venture to earn 60% |
400,000 (NEE) |
C$1,000,000 |
| Jumping Josephine |
Joint Venture earned in 60% |
400,000 (AA) |
C$2,100,000 |
| Rosetta Stone |
Joint Venture to earn 60% |
400,000 (THH) |
C$1,000,000 |
LaCabana |
Joint Venture to earn 60% |
1,200,000 (FMG) |
C$2,000,000 |
| Espiritu |
Joint Venture to earn 50% |
750,000 (PCR.P) |
US$1,000,000 |
Copley Property (JV):
Exploration including; channel sampling, geologic mapping and prospecting have been conducted on the Copley property in the Nechako Plateau of north central B.C. Work during the 2010 season on the Copley is part of a larger generative program looking for multi million ounce gold deposits within the Nechako Plateau, an area of B.C. that is conducive for the formation and discovery of such deposits. The recent discovery at the Blackwater-Davison property underscores the potential of the area.
Iron Range (JV):
During October-November, 2011, the Company completed 4 diamond drill holes totaling 908 m on its road-accessible Red Lobster Property, located 25 km west of the historic giant Sullivan Mine in southeastern BC.
The 2011 IP survey on the GCP Property located approximately 10 km southeast of the Sullivan mine was completed, along the trend of interpreted mineralization and led to the identification of a 2000 m by 500 m, north-south trending IP chargeability high anomaly. Fjordland plans to initiate a 3-4 hole drilling program to test parts of the large IP anomaly in December.
Santa Lucia (JV):
Santa Lucia is part of the Sierra Madre Occidental gold-silver belt, host to many epithermal deposits including: Mulatos, Dolores, Pinos Alto, Ocampo, Suazal amongst many others.
An exploration program will be determined by the partners with Copper Creek as operator. The main objective will be to drill test the CSAMT target and associated gold bearing structures.
Deer Creek (JV) :
The Deer Creek property comprises approximately 420 hectares. Several styles of mineralization have been recognized. Gold occurs within north trending shear zones in quartz veins, veinlets and irregular fracture zones, commonly with minor copper or other base metal sulphides; within a mapped and projected strike length of nearly 3km. Higher concentrations and better grades appear to be associated with small east-trending, crosscutting fractures or faults, with hand sample values containing up to 23 g/t gold.
Jumping Josephine (JV) :
The 18,429.5 hectare gold project is located in the West Kootenay region of British Columbia within a mining district boasting historical production in excess of 9 million ounces of high-grade gold. Gold mineralization has been traced 900 m along strike and to vertical depths up to 240m below surface; the zone is open on strike and at depth.
Drilling on the JJ Project in 2010 targeted three main areas around the JJ Main Gold Discovery: 1) the extension of the JJ Main structure/Highway showing; 2) JJ Main parallel zones northwest and southeast of known mineralization and 3) a single hole tested for a potential northerly plunge to the JJ Main zone. In addition three holes were drilled at the Big Sheep soil geochemical anomaly, 5km southwest of JJ Main.
The TSX just accepted Astrals option to earn the remaining 40% of this property. Within the next year we will hold 4 million shares of Astral. They currently have approx 11.6 million shares outstanding.
Rosetta Stone Property (JV):
The 11,588 hectares is located in southeastern BC, Canada. The drill program will test two newly discovered gold showings named the "Road" and "Rosetta Stone" showings. The road showing is 94 m long and 4 to 6 m wide and can be projected for another 450 meters along strike; and the Rosetta Stone showing is exposed for 40 m of strike over 2 to 4 m wide before disappearing into overburden on both ends. Grab samples from the Rosetta Stone showing up to 21.1 grams per tonne (gpt.), gold. Grab samples from the Road showing ranged from background to a high of 17.0 gpt. gold.
LaCabana (JV):
The property package (located in Sonora State, Mexico) comprises 3,606 hectares and is considered very prospective for gold and silver mineralization with numerous historic workings present. The claims include La Cabana 1 Frac I, La Cabana 1 Frac II, La Cabana 1 Frac III and Cuatas which are 100% owned by Kootenay.
Espiritu (JV):
Pinecrest Resources Ltd. has begun a phase 1 exploration program on the Espiritu polymetallic vein/breccia project in Sonora, Mexico. The initial focus will be on the south-western portion of the property where mineralization is characterised by veins, breccias and stockworks anomalous in silver, gold, copper, lead and zinc. The main mineralization in the south-west is defined by several zones spread along a two km length. Fifty-eight grab samples were collected by Kootenay Gold in 2009-2010 within the west, central and eastern parts of the southwest polymetallic vein/breccia zone. The polymetallic veins averaged 226 g/t Ag, 1.58% Pb, 1.57% Zn associated with 0.18 g/t Au and 0.15% Cu. The current exploration program on the Espiritu property will include prospecting, geological mapping, trenching, rock chip sampling and diamond drilling of high priority targets
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