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Kootenay Silver Completes Surface Access Agreement with Ejido in Mexico

Mining News - Published on Wed, 09 Oct 2019

Image Source: miningconnection.com
Kootenay Silver Inc announced that the company has signed a surface access agreement with the local Ejido at the Copalito Project located in the State of Sinaloa, Mexico. The Agreement allows Kootenay full surface access to the land that covers the gold and silver epithermal vein system discovered by Kootenay as well as surrounding exploration potential at Copalito. The Agreement also allows the Company to conduct exploration activities including but not limited to mapping, sampling, geophysics, trenching and drilling.

Currently, Kootenay is in the process of filing necessary permit applications with the government to conduct a maiden drill program, with the expectation of permits being issued by the end of the year. The Company has retained the services of an environmental consultant to assist in and expediate the process. Updates on permitting and the proposed drilling program for Copalito will be reported in future news releases.

Copalito covers a gold and silver epithermal vein system comprised of numerous veins, with individual veins currently traced over strike lengths of up to two kilometers. Veins vary in width from 0.5 to 15 meters at surface. Exploration efforts by the Company to date have been focused on six known principal veins discovered by Kootenay, with results previously reported over the past year.

Copalito Sampling Highlights:
7.2 gpt gold and 3,770 gpt silver in grab samples from 5 Senores and Agua Veins, respectively;
8.2 gpt gold including 583 gpt silver over a 1.1-meter chip sample across the 5 Senores Vein;
401 gpt silver including 0.24 gpt gold in a chip sample across 5.3 meters on 5 Senores Vein;
532 gpt silver over 3.0 meters and 306 gpt silver over 4.9 meters chip sampled across Agua Vein;
17.45% zinc, 9.89% lead, 76 gpt silver and 0.52 gpt gold in a grab sample taken at Pillar Vein; and
Copper values of 5.1%, 1.6 % and 1.5% taken from the northern area of the Property along the Cobriza Vein
Copalito Geology

Source :

Posted By : Rabi Wangkhem on Wed, 09 Oct 2019
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