KOOTENAY GOLD INC. : http://www.kootenaygold.ca/ : Live Customized Report

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
PROJECT AGREEMENT SHARES TO KTN EXPENDITURES
Rosetta Stone Joint Venture to earn 60% 400,000 (THH) C$1,000,000
Espiritu Joint Venture to earn 50% 500,000 (KS) US$1,000,000
Santa Lucia Joint Venture to earn 60% 750,000 (AHU) US$1,000,000
Connor Creek Joint Venture to earn 60% 750,000 (ORS) US$1,000,000
Deer Creek Joint Venture to earn 60% 400,000 (NEE.P) C$1,000,000
Jumping Josephine Joint Venture earned in 60% 400,000 (AA) C$2,100,000

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.

Espiritu (JV):

Mineralization and alteration at Espiritu is traceable in a northeasterly trend for approximately 4 kilometres and up to 800 metres in width. Greater than 0.100 g/t Gold was contained in 30 of the 150 grab samples including values of 1.078, 1.359, 1.781, 2.39 and 3.6 g/t. Silver values include highs of 114, 133, 138, 182, 199, 215 and 302 g/t. The average copper values from surface grab samples returned 0.27% (2700 ppm), including background levels. Lead returned values to 9.6% and zinc to 9.8%.

Connor Creek (JV):

The property is located in south eastern British Columbia. Exploration conducted over the past few years has identified several clear gold and gold-copper-lead-zinc enriched zones as defined by geophysics, geologic mapping, rock and soil anomalies and ~1,850 meters of drilling. Two main types of mineralization found are; semi-massive sulfide vein with characteristics similar to the Rossland veins in nearby Rossland that produced nearly 3.0 million ounces of gold at an average grade of 0.4 ounces per tonnes and disseminated sulfides hosted in zones of shearing.

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.
Trenching is underway on four key early stage prospects. Drilling (2,500m) has commenced and will test the JJ Extension and three new targets. Drill results are expected in August/September.
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.


Santa Lucia (JV) :

Kootenay has conducted extensive exploration on the Santa Lucia Property which includes prospecting, mapping, sampling, airborne mag and EM work. In addition, a complete historic data package was purchased in 2009. The data contains information from more than US$1 million of exploration expenditures conducted in the 1990's. Based on Kootenay's exploration and drill intercepts contained within the data package, several compelling Drill Targets have been identified. Planning and permitting is now underway for a comprehensive diamond drilling program at Santa Lucia (see News Release dated Dec 10, 2009). Click here to view a map of the sample locations
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This page was created on Tue Sep 7, 2010 at 6:15:54 PM Pacific Time.