Kootenay Silver Inc.
Kootenay Silver Inc.
Kootenay Silver Inc.

News Releases

 
Feb 25, 2010
JOINT VENTURE - Kootenay Reports Encouraging Gold Results From Connor Creek Property

Kootenay Gold Inc. (KTN: TSX.V) is pleased to announce assay results from a 1,631 m, 9-hole diamond drilling program on the Connor Creek Property situated near Nelson in southwestern B.C. Drilling was conducted during the period November 23 to December 19, 2009. The work was completed by Orestone Mining Corp. as part of an option to earn 60% of Kootenay's 100% interest in the Property by expending $1,000,000 on the Property prior to November 10, 2013 and delivering to Kootenay an aggregate of 750,000 Orestone shares prior to November 13, 2013. To date, Orestone has expended approximately $300,000 on the Property and delivered 150,000 shares to Kootenay Gold Inc.

Initial drilling by Orestone targeted the CC Gold Zone discovered by Kootenay in 2007. Seven of nine holes tested this zone and its inferred southeasterly extension over a distance of about 550 m. A summary of significant 2009 mineralized intercepts is given in the table below.

Hole #

From-To (m)

Interval (m)

Au g/t

Cu ppm

CC09-01

29.37 - 30.75

1.38

6.11

251

CC09-02

20.79 - 22.50

1.71

1.2

43

CC09-03

95.00 - 96.98

1.98

7.06*

75

CC09-06

121.57 - 122.95

1.38

1.02

185

CC09-09

110.90 - 111.80

0.9

1.93

>10,000

CC09-09

144.22 - 145.58

1.36

4.4

2,657

 

 

 

 

 

* 12.61 g/t Au on re-analysis (separate assay pulp)

 



Holes CC09-01 to 03 were drilled proximal to Hole CC07-10 which intersected, at shallow depths, mineralized intervals of 4.75 g/t Au over 3.0 m, 3.29 g/t Au over 1.76 m and 1.09 g/t Au over 4.0 m. Gold mineralization in these holes is associated with veinlets and fracture fillings of pyrite, pyrrhotite and lesser chalcopyrite in altered meta-sediments at or near the contacts of diorite sills or feldspar porphyry dikes or sills. The Company is currently reviewing sectional drill data in order to evaluate continuity of the mineralized zones. The potential for discovering additional gold-mineralized zones preferentially developed along sill or dike contacts is considered excellent.

In Hole CC09-06, collared approximately 550 m southeast of Holes CC09-01 to 03, the 1.38 m interval grading 1.02 g/t Au is part of a 9.37 m interval grading 0.39 g/t Au. Mineralization in this interval is hosted by a silica-potassium feldspar altered intrusive(?) unit which contains disseminations and fracture fillings of pyrrhotite, pyrite and chalcopyrite. In Hole CC09-07, inclined beneath Hole CC09-06, similarly mineralized silica and potassically-altered rocks returned several intercepts grading from 0.37 to 0.68 g/t Au over intervals of 3.5 m to 9.4 m. In these two holes, the gold mineralization could be fringing a larger zone of porphyry-style mineralization which could offer bulk tonnage potential.

In Hole CC09-09, collared about 270 m east of Holes CC09-01 to 03, the two gold-copper mineralized intervals in the above table are diorite-hosted and characterized by pervasive silica alteration accompanied by veinlets of pyrrhotite, pyrite, chalcopyrite and chlorite. They represent structurally-controlled zones of mineralization hosted by competent wallrocks. Further drilling is required to better define continuity and grade of the zones.

The Connor Creek Property is very well located relative to road, rail and power infrastructure and is near the smelter complex at Trail, B.C. Its geological setting is similar to the historic gold-producing veins at Rossland, 40 km southwest. The widespread occurrences of gold indicated by soil and rock geochemistry, prospecting and diamond drilling show that the property contains a large, gold and copper-bearing sulphide system which has the potential to host both bulk tonnage and structurally-controlled deposit types.

Drilling

Drilling was all NQ size core drilling contracted to Black Hawk Drilling Ltd. of Smithers, B.C.

Sampling and Assaying

All core samples were cut by a rock saw with one half being returned to the core box for reference and the other half being placed in a plastic sample bag which was labeled, tagged, documented and sealed with wire.

All samples were placed in rice sacks sealed with a zip tie, recorded in a shipment notice and delivered to Acme Analytical Laboratories (Vancouver) Ltd. Receipt of the samples was signed off at the lab. Pulps of each sample were then prepared and analyzed using their Group 601 Fire Assay Au analyses on a one assay-ton (29.2 grams) sample accompanied by a Group 1D (ICP-ES) multi-element analyses on a 0.5 gram sample. Acme Analytical Laboratories (Vancouver) Ltd is an ISO 9001-2008 registered full service laboratory.

The foregoing geological disclosure has been reviewed and verified by Barney Bowen, P.Eng., a director of Orestone Mining Corp. and a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Kootenay
Kootenay is an emerging exploration Company actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. The Company's top priority remains the ongoing development of its Promontorio Silver project in Sonora State, northwest Mexico, which encompasses the former producing Promontorio Silver Mine.

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For additional information, please contact:

James McDonald, CEO and President at 403-238-6986
or
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650

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. 2010 number 3
 
 

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