Kootenay Gold Inc.
(TSX.V: KTN)is a progressive exploration and mining company headquartered in Vancouver, British Columbia and Sonora, Mexico. Kootenay’s emerging Promontorio Silver project, situated in the prolific Sierra Madre mining region in Sonora, Mexico remains the Company’s top priority.
Over the past four years, under the direction of Company CEO and Chief Geologist James McDonald, Kootenay has achieved a high level of success in each phase of its exploration and drilling programs on Promontorio. Supported by an established 43-101 silver resource and recent drill assays that returned promising silver intercepts over the property’s entire 1 km mineralized corridor, Kootenay remains focused on rapidly advancing Promontorio towards its ultimate goal of developing a major silver resource.
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Promontorio is a Silver dominated polymetallic system hosted by breccias and stockwork veining transitional between a porphyry and intermediate sulfidation system. Based on extensive work conducted to date and comparison to similar mineral systems in Mexico, management believes Promontorio has potential to host a silver deposit in the 50 to 150 million ounce range with grades in the range of 40 to 100 gpt silver and 2 to 4% lead + zinc*. The objective is to test this potential and if realized systematically develop the Promontorio property taking the necessary steps to advance the project towards a production decision. * The potential quantity and grade is conceptual in nature. Insufficient exploration has been done to define a mineral resource of the target size and it is not yet known if further exploration will result in the target size being delineated.
Currently the project hosts a 43 101 resource containing 8.9 million indicated ounces of silver plus 1.17 million ounces of inferred silver, 99.3 million indicated pounds of lead plus 13.4 million inferred pounds of lead and 110.8 million indicated pounds of zinc plus 14.3 million inferred pounds of zinc. The indicated resources are contained within 5.22 million tonnes of 52.7 grams per tonne silver, 0.86% lead and 0.96% zinc and the inferred resources are contained within 0.65 million tonnes grading 55.7 gpt silver, 0.94% lead and 1.0% zinc. The total contained mineral resource is estimated at approximately 21 million ounces of silver equivalent. Link here to the 43 101 report.
Kootenay recently concluded a comprehensive 10,000 meter multi-phase drilling program on Promontorio. The program was a resounding success returning multiple high to medium grade silver intercepts across Promontorio’s entire 1 km mineralized corridor. Additionally, assays from drilling indicate continuity of silver mineralization over 300 meters of strike in the North East Zone, which is double the size and strike length of the current 43-101 resource.
Based on highly encouraging results to date, Kootenay recently commenced a follow up 25,000 meter drill program on Promontorio. The in-fill and resource definition drilling program represents the Company’s largest and most expansive drill campaigns ever conducted at Promontorio. The objective of the systematic program will be to substantially boost the size of the current 43-101 resource conducted on the project by AGP Mining Consultants in 2010. In-fill and step out drilling will focus on establishing the continuity and size of the high and medium grade silver domains established within and outside of the 43-101 silver resource along Promontorio’s 1 km mineralized corridor.
The Sierra Madre region of Mexico is responsible for discoveries in excess of 520 million oz silver, and 15 million oz of gold. Prior to 2001 the Sierra Madre Trend had no major producers, just nine years later it now has seven producing mines, each containing multi million oz reserves of silver, gold and base metals. In addition, there is one project under construction and one more in feasibility. Kootenay has produced consistent results in each phase of its strategic program at Promontorio. Results to date underscore the potential to define a large-scale mineral system similar to other major deposits within the region.
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Northern Vertex
(TSX.V: NEE) is a publically traded Canadian exploration and mining company actively pursuing precious metals discoveries in Canada and the United States. The Company’s mandate is to acquire, develop and advance precious metal projects that demonstrate near term production potential and long term sustainable growth.
The Company is currently conducting a multi-phase confirmation in-fill and definition drilling program on its flagship Moss Gold-Silver property in Northwestern, Arizona. The systematic program will include an estimated 25,000 feet that is aimed at confirming and bringing to NI 43-101 standards, results from 305 historical holes drilled on the Moss property between 1982 and 2008.
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Moss Gold-Silver Property
The Moss Gold-Silver property is situated in the heart of Arizona’s historic Oatman Mining District. Since it was first discovered in the late 1800’s, the Oatman Mining District has produced over 2 million ounces of gold principally from high-grade underground operations. The historic Moss Mine property has been the site of sporadic high-grade gold mining dating back to the late 18th and early 19th centuries.
Supported by the sharp rise in gold prices in recent years, along with the project’s extensive drilling history and demonstrated gold potential, Moss is quickly becoming recognized as one of the region’s premier underdeveloped precious metals projects.
The Moss Gold-Silver project contains a well-defined and extensively drilled stockwork gold-silver vein system that offers Northern Vertex exceptional, near-term production potential and high growth upside through continued resource expansion.
Following a $3.7 million financing and the successful conclusion of lengthy negotiations that led to the strategic acquisition of the Moss property, Northern Vertex announced the commencement of an aggressive multi-phase drilling program on its promising Gold-Silver project. The two rig, confirmation and in-fill drilling program, now in full progress on the Moss project, is aimed at confirming and bringing to National Instrument 43-101 standards, historic gold and silver resource estimates derived from 305 holes drilled on the property between 1982 and 2008.
Existing Gold-Silver Resource. The 25,000 foot multi-phase drilling program will include an estimated 60 drill holes and is focused on the property’s high priority stockwork gold-silver vein system that measures 45 feet thick and has been traced along a strike length of 5000 feet. The easy to access, outcropping mineralized structure remains open for expansion both on strike and at depth. The objective of the systematic drill program will be to confirm ore grades and widths within the main stockwork vein zone to determine the overall size and scope of the Moss gold-silver system.
Resource Expansion. In addition to its pursuit of establishing ore grades and confirming a minable resource, Northern Vertex plans to further drill test extensions of the stockwork gold-silver vein system to depth and along strike. Exploration upside on the Moss property is considered significant and exists along strike of the main Moss vein, to depth, down dip and along underexplored sub parallel hanging wall veins. Mineralization at the Moss and in the district is hosted in low sulfidation epithermal veins, vein breccias and stockworks and the likelihood of finding additional bulk mineable ore is considered excellent.
Based on historic drill results and data compiled to date, Northern Vertex is targeting a low-cost heap leachable gold-silver resource at Moss in the order of one million ounces of gold equivalent. As a result of Moss’s maturing status, management has begun initial requisite base line and scoping studies in conjunction with its multi-phase drilling program to fast track the project’s permitting and feasibility process should the Company be successful advancing Moss to a production decision.
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Theia Resources Ltd.
(TSX.V: THH) is an early stage Canadian public company keenly focused on the exploration and development of its Rosetta Gold Property located in the West Kootenay region of British Columbia, Canada.
The 11,588 hectare Rosetta Property has been the site of extensive exploration and development over the past twenty-four months. Results from an 11 hole, 1000 metre drill program recently conducted on the Rosetta Property was successful in identifying a large gold-bearing structure in the ‘Creek Zone’. The newly identified structure remains open along strike in both directions and to depth.
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The structure has been traced for 50 metres along strike and to a depth of 110 metres, where it is believed to become wider and more intense. Initial highlights from drilling on the structure include 2.75 g/t Au over 1.0 metres and broader zones of anomalous gold including 0.71g/t Au over 8.89 metres.
Two separate structures were tested on the ‘Road zone’ where surface grab samples returned up to 17 g/t Au. On surface the structures contained sericite and clay altered granite with narrow zones of hydrothermal breccia. Hole RS09-9 intersected two sections of anomalous gold. Drilling highlights from the uppermost and lower sections of the structures included 0.29 g/t Au over 2.33m and 0.52 g/t Au over 2.34m respectively.
Two holes drill tested the ‘Skid Trail’ showing contained quartz veining within altered granite. Hole RS09-11 intersected some narrow sections of hydrothermal breccia and anomalous gold values highlighted by assays of 0.27 g/t Au over 1.0m.
Upcoming exploration will focus on determining whether there is a zonation to the gold distribution that will help in vectoring in to higher-grade portions of the structure.
Supported by encouraging results to date, the Company plans to further test the strike extensions of the structures on Rosetta using a combination of geochemistry, prospecting and sampling to further delineate targets for an anticipated upcoming phase II drilling program.
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