Kootenay Silver Announces Aztec-Kootenay JV Final Gold Results from 2021-2022 Drill Program on Cervantes Property, Sonora – QNT Press Release


VANCOUVER, BC, June 14, 2022 /PRNewswire/ – Kootenay Silver (TSXV:KTN) is pleased to announce JV operator Aztec Minerals Corp. (TSXV:AZT) has reported the final gold and multi-element results for the Cervantes Project 2021-2022 Reverse Circulation (RC) Phase 2 drill program in Sonora, Mexico. The program involved 26 RC drill holes with a combined total of 5,249 meters that tested four targets (CaliforniaCalifornia North, Jasper, and Purisima East).

The Cervantes project is a 65/35 joint venture with Kootenay holding a 35% participating interest.

Highlights from final drill results

  • Results for Hole CAL22-018—a deep probe to test the large IP chargeability anomaly of the California zone, reached a total depth of 264.48 meters before caving.
    • It penetrated the near surface oxide gold-copper mineralization and transitioned into a higher sulfide-silica alteration zone with significantly higher molybdenum and copper values.
    • Visible, estimated pyrite contents increased from ~ 1% to ~3-5% avg
    • Copper increased from a 51 ppm avg to 578 ppm avg
    • This zone high in pyrite is consistent with pyrite shells associated with copper porphyry mineralization.
  • The multi-element ICP results show good relationships between Au, Cu, Bi, Ag and As, with prospective grades and widths of Cu and Ag supporting a potential porphyry deposit at depth.
  • Continued intercepts of anomalous gold mineralization in the California zone
  • Multi-Element ICP results received for Cervantes drill holes

Results form the California target continue to return anomalous gold mineralization.
View drill section here: California Drill Section CAL22-018

Reported lengths are apparent widths, not true widths, and the observed gold mineralization appears to be widely distributed in disseminations, fractures and veinlets within quartz-feldspar porphyry, feldspar porphyry stocks, quartzites and related hydrothermal breccias.

Click to view: California Longitudinal Section and California 2022 Drill Plan Map

Holes CAL22-018, 019, 020, and 021 intersected anomalous gold mineralization, extending the known mineralized zone at depth, and to the north, east and south of the California zone. The now completed RC Phase 2 drilling program covers an area measuring approximately 900 meters long by 250 to 500 meters wide, with demonstrated, continuous anomalous mineralization up to 265 meters depth vertically. The porphyry gold-copper mineralization is open in all directions.

Table 1. Select Multi-Element Results of Cervantes Phase 2 Drill Program

Hole No.

From

To

Interval

Gold (gpT)

Copper (%)

Silver(gpT)

Molybdenum PPM

m

m

m

CAL22-001

16.72

110.96

94.24

1.038

54.72m/0.361

72.96m/4.112

CAL22-002

4.6

103.36

98.76

0.374

16.72m/0.153

41.04m/1.226

CAL22-003

45.6

91.2

45.6

0.422

63.84m/0.107

53.2m/2.946

CAL22-004

0

165.68

165.68

1.002

159.6m/0.065

167.2m/1.908

CAL22-005

0

136.8

136.8

1.486

118.56m/.091

118.56m/2.661

CAL22-006

16.72

117.04

100.32

0.749

138m/0.103

165.68m/3.243

CAL22-007

83.6

147.44

63.84

0.465

107.92m/0.079

89.68m/1.429

Full story available on Benzinga.com



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