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News Releases
| | July 17, 2007
PROMONTORIO - Phase I Drilling Has Commenced On Kootenay's Promontorio Silver Property
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| | Kootenay Gold Inc. ("Kootenay") ("KTN-TSX Venture") is pleased to announce that the first phase of diamond drilling has commenced on Promontorio. The program consists of 3000 meters of diamond drilling with HQ size core and is contracted to Layne Drilling out of Hermosillo Sonora, Mexico.
This first drill phase will concentrate on the historic areas of mineralization where high grade silver occurs with lead-zinc sulfides in phreatic type breccias. Recent chip sampling from Promontorio in the Pit Breccia has returned 480 grams per tonne silver, 2.51 grams per tonne gold, 11,199 ppm lead and 17,284 ppm zinc over an estimated true width of 19 meters. All samples were taken as continuous chips over a 2 meter length as reported in a news release dated May 24, 2007.
In addition to the Pit Breccia two other breccias called the Adobe Breccia and Central Breccia will also be tested. Recent mapping augmented by airborne geophysics has outlined a northeast trending mineralized zone along a strike of 2000 meters and width of 500 meters. The Pit, Adobe and Central Breccias sit within a small portion of this trend in an area of about 100 by 250 meters.
Following the first phase drilling, a second round of drilling will be planned to follow up phase I results and to test additional priority target areas on the 2000 meter trend.
The foregoing geological disclosure has been reviewed and verified by Kootenay's CEO, James McDonald, P.Geo. (a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects). Mr. McDonald is a director of the Company.
About Kootenay
Kootenay is an emerging exploration Company actively developing a suite of premier gold and silver projects in British Columbia, Canada and Mexico. The Company's top priority remains the ongoing aggressive development of its rich Promontorio Silver project, which encompasses the former producing Promontorio Silver Mine in Northwest Mexico. Supported by an experienced and accomplished technical team, over the past four years Kootenay has substantially grown its mineral asset base through key acquisitions, while successfully achieving four new mineral discoveries in the Rossland Republic Gold Trend of British Columbia.
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For additional information, please contact:
James McDonald, CEO at 403- 238-6986
or
Ken Berry, President at 604-683-2214; 1-888-268-8688; www.kootenaygold.ca
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. |
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| | You can view the Next News Releases item: Wed Jul 25, 2007, <html><FONT COLOR="FF6600"><b>PROMONTORIO - </b></font></html>DOW JONES: A View From Kootenay's Promontorio
You can view the Previous News Releases item: Thu Jul 12, 2007, <html><FONT COLOR="0066CC"><b>JOINT VENTURE - </b></font></html> Jumping Josephine Drilling Returns 7.01 g/t over 19m
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