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News Releases
| | October 18, 2007
JOINT VENTURE - Jumping Josephine Drilling Update
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| | Kootenay Gold Inc. ("Kootenay") (TSX Venture: KTN) is pleased announce it's joint venture partner, Astral Mining Corporation (TSX-V AST) has provided a progress update for the ongoing Phase II drilling program on the Jumping Josephine Gold Discovery in southern British Columbia. Phase II drilling to date on the JJ Main Zone includes 3,333.4m in 27 HQ diamond drill holes, significantly adding to the Phase I program which totaled 1,461m in 20 holes. A minimum of 12 more holes are currently planned to be included in the Phase II program.
Drilling to date has now tested the JJ Main quartz stockwork zone over a strike length of 540m and down to a maximum vertical depth of 152m below surface. Most of the Phase II drilling has focused on testing the extent of the stockwork zone to the south of the southernmost section drilled in the Phase I program as gold grades and zone width generally increase towards the south, as evidenced by previously reported hole 07JD013 which assayed 19m averaging 7.01 g/t gold (see July 12, 2007 News Release). Fences of holes have been drilled along 40m section step-outs up to 200m south of drill hole 07JD013.
Drilling progress has prompted Astral to apply for permits to drill an additional 4500m in 30 holes, some of which may be incorporated into the Phase II program this fall, weather permitting, the remainder to be completed in 2008. Due to laboratory backlogs receipt of assay results from the Phase II drilling program has been slower than expected. Results will be released in batches as they are received.
Astral has the right to earn a 60% interest in the JJ Project from Kootenay (see April 12, 2006 news release).
ABOUT KOOTENAY
Kootenay is an emerging exploration Company actively developing a suite of premier gold and silver projects. 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. Since listing on the TSX Venture Exchange in March of 2005, Kootenay's management team has aggressively pursued its strategy of developing an Advance Project, establishing a Generative Exploration Team active in Northwest Mexico and British Columbia Canada, and initiating Joint Venture Partnerships on its exploration discoveries.
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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
To view a live interview with Jim McDonald on Kootenay's vision and strategy visit:
www.kootenaygold.ca
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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| | You can view the Next News Releases item: Tue Oct 23, 2007, <html><FONT COLOR="0066CC"><b>FINANCING - </b></font></html>Kootenay Closes $2,000,000 Private Placement
You can view the Previous News Releases item: Tue Oct 16, 2007, <html><FONT COLOR="0066CC"><b>FINANCING - </b></font></html>Kootenay Increases Private Placement up to $2,000,000
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