TSV.V: KTN - Kootenay Announces Mr. Jon Morda Appointed to Board of Directors

           

        

 Kootenay Gold Inc. (TSX VENTURE: KTN.V) is pleased to announce the appointment of Mr. Jon Morda, CA to the Company’s Board of Directors. Mr. Morda brings Kootenay over 20 years of experience in the mining industry, having served as Chief Financial Officer for several mineral exploration and gold producing companies. As a senior executive, Mr. Morda is highly adept in all areas of strategic corporate planning, operations, budgeting, accounting and taxation functions.

States Kootenay President and CEO James McDonald “We are very pleased to welcome Jon Morda to the Kootenay Board. Mr. Morda is a high-caliber mining executive that brings a unique skill-set to our Board, having previously served as a senior officer, providing leadership and guidance from the start-up phase of operations, through to commercial production. We look forward to Mr. Morda’s valued contributions as we continue to advance and develop our Promontorio Silver Project in Sonora, Mexico.”

Silver producers being held hostage - Sprott

Sprott Asset management, CEO, Eric Sprott says that silver producers are being hurt by the volatility in the paper silver market and need to help ensure that the physical market rules the price

Interviewer: Geoff Candy
Posted:  Tuesday , 06 Dec 2011

Download this interview


GEOFF CANDY:  Welcome to this week's edition of Mineweb.com's Metals Weekly podcast - joining me on the line is the chief executive officer at Sprott Asset Management, Eric Sprott.  Eric you recently issued a "call to action" letter that was published online, on King World News basically asking that silver producers invest a portion of their cash holdings effectively in the silver that they're producing.  Why do you think that's a good idea?

ERIC SPROTT:  Sure - we have to go back and one of the things that most people don't appreciate although I'm surprised they haven't with all that's happened in the last three or four years - there's a lot of instances where having money in a bank is a very unwise investment.  As you know - and I could give you a list of banks probably 20, 30 or 50 that have failed.  Now in almost every instance, some government comes to take them over or inject funds and we should ask ourselves "why do they fail".  They fail because they're over levered and with a little decline in the value of paper assets that they own, their equity comes under stress.  Obviously as we looked over in Europe recently, we had stock markets down 25% and the sovereign bond market was probably down 15% to 20% and when banks are levered 20:1 it means they only have 5% of their equity supporting 100% of their assets.  Well if the assets go down by 10% or 15% there is no equity there and there was a lot of discussion last week before the central banks came in to support things, there were a number of banks at risk.  And I just think that the leveraging in the banking system would suggest that all banks are at risk because they've just got so levered that putting your money in there and earning no returns, is not a very good reward for the risk you're taking.  So that's the fundamental start - that if you have cash in the bank - you as an individual or company should be worried about that.  And yes, the FDIC guarantees whatever the number is - I don't care what the number is but the FDIC has no money.  Basically it's the government of the United States backing it, and they have no money and of course most people wouldn't appreciate that either, but there's a lot of data to support that.  It starts with what I call the weakness in the banking system.

Kootenay Drills 120 Meters Grading 164 gpt Silver Equivalent (68 gpt Ag and 2.24% Pb+Zn) Including High-Grade Intervals of 31 Meters of 292 gpt Silver Equivalent (118 gpt Ag and 4.06 Pb+Zn) and 13 Meters of 362 gpt Silver Equivalent (149 gpt Ag and 4.96% Pb+Zn)

Kootenay Gold Inc. (TSX VENTURE: KTN.V) is pleased to announce assay results from an additional five drill holes from its 25,000 meter, ongoing, multi-phase, in-fill drill and resource definition program on its Promontorio Silver Project in Sonora, Mexico.

Drill holes DH 79 and 77 are from the Southwest and Pit NE extension areas respectively and DH 75, 85 and 86 are from the Northeast Zone.

All five drill holes encountered consistent, widespread silver mineralization and multiple high-grade silver intercepts in Promontorio’s Southwest Extension Zone, and Northeast Zone, which sits 700 meters outside of the current 43-101 Pit Resource. (To view map please visit: http://www.kootenaygold.ca/i/projects/Promontorio/drillresultsmap.pdf)

Northern Vertex Aggressively Fast-Tracking Moss Gold-Silver Project in Arizona to Production

    To say that Northern Vertex Capital Inc. (TSX.V: NEE) -- northernvertex.com -- is on a fast track to prove up its U.S. gold-silver properties does not do justice to the impressive record this company has set in little more than a year.
        Consider that in just the past seven months this company acquired two highly prospective properties, one in Arizona and the other in Idaho, both mining-friendly states. Northern Vertex then embarked on an aggressive drilling program that has clearly established an NI 43-101 compliant 590,400 ounce gold equivalent resource. And if that wasn’t enough, the company simultaneously began base line studies for an eventual pre-production feasibility report. Now a $9 million exploration program is planned at its new Idaho property.
        “We have a strong team and we are pretty aggressive,” admits CEO Ken Berry. “Our intention is to become a mid-size producer.”

TSX.V: NEE Northern Vertex Announces Phase II Drilling and Development Program Underway On Moss Gold-Silver Project in Southwestern Arizona

December 5, 2011

Vancouver, B.C. - Northern Vertex Capital Inc. (TSX.V:NEE) (“Northern Vertex”) is pleased to
announce a phase II drilling and development program is underway to include RC and Core drilling on its
Moss Gold-silver project situated in the historic Oatman Mining District in Southwestern Arizona. The
Company reports the first 4 holes of the program were recently completed, with pending assay results
expected imminently. Approximately 20,000 feet of drilling is planned for the phase II program.
The phase II program is designed to expedite the path to a production decision on the Moss Gold-Silver
Project and will include: A multi-phase drill program to test the newly discovered western extension of
the Moss deposit; infill drilling to render 'inferred resources' into the 'indicated resources' category;
continued scoping and baseline studies to advance the mine permitting process and; additional
metallurgical testing to further define precious metal recoveries.

TSX. V: NEE Northern Vertex Receives Exchange Approval for Joint Venture Agreement for Lemhi Gold-Silver Property in Idaho and Closes $13.3M Non-Brokered Private Placement

November 28, 2011

Vancouver, B.C. - Northern Vertex Capital Inc. (TSX.V:NEE) (“Northern Vertex”) is pleased to
report that it has received approval from the TSX Venture Exchange regarding the joint venture
agreement to acquire up to a 75.5% interest in the Lemhi Gold Project (the “Lemhi Property”) located
25 miles north of Salmon, Idaho (the “Joint Venture”) and that it has closed its non-brokered private
placement for gross proceeds of $13,379,500.

Stockhouse: How "big money" could push silver 54% higher in 2012

The big money is tiptoeing back into silver. Last month, commodity trading advisors, pool operators, and hedge funds – the "big money" – weren't interested in silver AT ALL... 
But as they move back into the market, silver prices could soar. Let me show you what I'm talking about...
Jason Goepfert created SentimenTrader, a service that tracks investor sentiment toward various asset classes. According to Jason, silver just bounced off its most pessimistic reading in four years. 

A Primer on Mining in Idaho

Idaho has many different types of minerals, and it was gold that brought the first permanent white settlers to the state. Although minerals can be used up, we are lucky to have enough minerals to meet our needs for hundreds of years to come. Explore the natural history of Idaho mining with the photographs and text below.

Almost every important mineral except oil, gas and coal can be found in Idaho. Some would cost too much to mine, but others provide us with jobs and money.

David Morgan, The “Silver Guru” of “The Morgan Report” Explains Why He is “More Bullish on Silver Now”

SNNLive was pleased to welcome David Morgan, Founder and Editor of The Morgan Report to the stage at the Silver Summit Conference 2011 in Spokane, WA. The self-described “Metals Head”, was “seduced by silver at the tender age of 11″, and has become a “precious metals aficionado”, according to his website.
His website, www.silver-investor.com is where is his own publication, “The Morgan Report” resides. In brief, “the report looks at the silver and gold markets each month and also explores the commodity markets, the general stock market and is devoted to help you make money by investing in this exciting sector”. Mr. Morgan’s passion for silver as led to appearances on FOX and CNBC to discuss his insights and research reports.

In this interview, David Morgan reflects on the silver and gold markets in 2011 by stating, “Like any market, it [silver] goes up and down…I still think silver is undervalued compared to gold“, and also makes the claim that “you can make strong argument that silver spiked first before gold“. Even though “silver has been volatile”, as he states, “I think that it will take a few more months to build a base and come back up”, where his “ultimate target price is $100/oz“. Although Mr. Morgan is very passionate about silver, his website also delves deep into the heart of the gold market, while maintaining its silver motif.
For more information on “The Morgan Report”, visit www.silver-investor.com or type in the URL www.themorganreport.com, which redirects you to silver-investor.com. You can also follow David Morgan on Twitter @SilverGuru22.


You can see the interview here.

Eric Sprott talks to James Turk in Munich

Source: goldmoney.com

Eric Sprott: "Forces are at Work that can Move the Prices Down."

At the Casey Research/Sprott Summit When Money Dies, Eric Sprott speaks with Louis James for this week's Conversation with Casey. Eric Sprott makes the case for precious metals investment. (10/19/11)

Northern Vertex Announces $12.65 Million Non-Brokered Private Financing

October 18, 2011

Northern Vertex Announces $12.65 Million Non-Brokered Private Financing

Vancouver, B.C. - Northern Vertex Capital Inc. (TSX.V:NEE) (“Northern Vertex”) is pleased to announce a Non-Brokered private placement (the “Private Placement”) of up to approximately 11 million units (each “Unit”) at a purchase price of $1.15 per Unit, for aggregate gross proceeds to the Company of up to $12,650,000.

Northern Vertex Reports Significant NI 43-101 Resource of 590,400 Ounces of Gold Equivalent Resources at the Moss Gold-Silver Project

Northern Vertex Reports Significant NI 43-101 Resource of 590,400 Ounces of Gold Equivalent Resources at the Moss Gold-Silver Project

Vancouver, B.C. - Northern Vertex Capital Inc. (TSX.V:NEE) (“Northern Vertex”) is pleased to announce that it has obtained an independent resource estimate from the engineering firm Scott E. Wilson Consulting, Inc. (“SEWC”) with respect to its Moss Gold-Silver Project situated in the historic Oatman Mining district in Mohave County, Northwestern Arizona. The resource estimate was based on 288 exploration drill holes, 8 trenches and 53 channel samples of which 58 of the drill holes were part of a Northern Vertex Phase I drilling program recently conducted on the Moss Project.

Scott E. Wilson Consulting - October 2011 - Independent Resource Calculation

At a 0.3 gram per ton gold cutoff the current resource at Moss is reported as:

INDICATED RESOURCE at 0.3 g/t Au Cutoff
Tonnes	Grades (Grams/Tonne)1		Contained Metal (Ounces)2
x 1,000	Au	Ag	Au	Ag	Au Equivalent3
13,377	0.89	9.4	383,248	4,021,740	483,7924

INFERRED RESOURCE at 0.3 g/t Au Cutoff
Tonnes	Grades (Grams/Tonne)1		Contained Metal (Ounces)2
x 1,000	Au	Ag	Au	Ag	Au Equivalent3
4,731	0.55	6.2	83,124	940,164	106,6284

¹ Grams/Tonne = grams / metric tonne;

² ounces = troy ounces / short ton

³ AuEq (ozs) = Au (ozs) + 1/40th Ag (ozs)

⁴ Assumes 100% metallurgical recovery

Kootenay Gold: PROMONTORIO - Intercepts 47 Meters of 214.2 gpt Silver Eqv (84.47 gpt Ag, 3.04% Pb+Zn) and 54 meters of 197 gpt Silver Eqv (91.98 gpt Ag, 2.47% Pb+Zn) in NE Zone, 700 Meters from Current 43-101 Resource

High Grade Intervals Include 16 Meters of 492 gpt Silver Eqv (202.7 gpt Ag, 6.8% Pb+Zn) and 11 Meters of 480.6 gpt Silver Eqv (179.4 gpt Ag, 7.0% Pb+Zn) 

Kootenay Gold Inc. (TSX VENTURE: KTN.V) is pleased to announce assay results from its ongoing 25,000 meter, multi-phase drilling program on its Promontorio Silver project in Sonora, Mexico. At present, three diamond drill rigs are operating on site.

States Kootenay President and CEO James McDonald "We are extremely pleased with current drill results. Step out drilling returned multiple intercepts of high-grade silver mineralization in the Northeast Zone, which sits 700 meters outside of and on strike to the Company's established 43-101 Pit Resource. Equally critical to the current resource expansion program, hole DH 68 drilled in the Southwest expansion zone of the Pit Resource, returned widespread zones of medium to high-grade silver, showing excellent continuity of silver mineralization with the Pit Resource on strike and to depth, extending more than 50 meters outside the Pit Resource."

Kootenay Gold Initiates Geotechnical, Hydrogeologic, Environmental Baseline and Metallurgical Studies to Accelerate Development of Promontorio Silver Project

  
Kootenay Gold Inc. (TSX VENTURE: KTN.V) is pleased to announce the Company has contracted U.S. based companies Hatch Engineering out of Scottsdale, Arizona and Sanguaro Geosciences Inc., as well as Canadian based G&T Metallurgical Services Ltd and independent Consulting Engineer Patricia Aguayo Hurtado to conduct preliminary environmental baseline, scoping studies and metallurgical work with respect to the Company's plans to proceed with a pre-feasibility study and mine modeling analysis on the Company's Promontorio Silver Project in Sonora, Mexico.

Eric Sprott - From Here Silver is a 30 Bagger to $1,200

With stocks plunging and gold and silver still consolidating recent gains, today King World News interviewed billionaire Eric Sprott, Chairman of the $10 billion strong Sprott Asset Management to get his take on the action.  When asked about gold Sprott replied, “I think it’s explosive.  As you know James Sinclair said, ‘When it goes through $1,764 it’s going to $12,000,’ and I for one am not ruling out that kind of development here.  It could be very explosive as more and more people worry about one, fiat currencies, two, sovereign debt and three, bank deposits.  It would take very little to spill into gold to make a dramatic difference in where the price will be.”

Drilling Success Continues at Promontorio as Kootenay Hits 205 meters of 117 gpt Silver Equivalent in Step-Out Drilling in Southwest Zone

Kootenay Gold Inc. (TSX VENTURE: KTN.V) is pleased to announce assay results from the first seven holes of its ongoing 25,000 meter multi-phase drilling program on its Promontorio Silver project in Sonora, Mexico.

Results include three holes (DH 54 to 56) of in-fill drilling of the Pit Resource and four holes (DH 58 to 61) into the Southwest Zone outside of the Pit Resource designed to confirm continuity between the two mineralized areas. Results from the first seven holes demonstrate widely disseminated Zones of silver mineralization extend beyond current resource boundaries and continuation of higher grades within the Pit Resource.

States Kootenay President and CEO James McDonald "We are very pleased with results from the first seven holes of our 25,000 meter drill program. Not only is diamond drilling continuing to hit higher grades of silver at depth where previous drilling bottomed out in silver mineralization within the Pit resource itself, equally important to our resource expansion program, we are seeing continuity of silver mineralization developing in the Southwest Zone from step-out drilling that returned impressive intervals and grades of widespread silver mineralization extending to depth".

Globe and Mail: Think Gold May Lose Some Lustre? Eric Sprott Sees a Silver Lining

Eric Sprott, the perennial gold enthusiast, has his sights set on a new precious metal.
Mr. Sprott’s charitable organization, The Sprott Foundation, is selling two million units of its gold holdings and using the money to buy silver.
The move comes as gold veers close to $1,800 (U.S.) per ounce, and less than a week after Mr. Sprott had declared the metal “the investment of the last decade” in an interview with GoldMoney Foundation. “I think silver is going to be the investment of this decade.”

Since the commodity boom kicked into high gear last fall, Mr. Sprott has been touting silver’s merits. To demonstrate his conviction, he set up and invested his own money in the exchange-traded Sprott Physical Silver Trust (PHS.U-T19.40-0.93-4.57%), which buys silver bullion and stores it at the Royal Canadian Mint. Investors in the trust can cash in their units, or take delivery of silver in physical form if they wish.
He also launched a Silver Bullion Fund that enables investors to speculate on the metal’s market price, but without the physical redemption option.

Investorplace: China’s New Futures Market Will Lift Silver

Why Hong Kong Mercantile Exchange is a game-changer

By Keith Fitz-Gerald

If you’re still bearish on long-term silver prices, you’d better reconsider your stance.
Dollar-denominated Chinese silver futures were scheduled to begin trading on the Hong Kong Mercantile Exchange early today. This development will grant Asian investors direct access to the metal and will blunt the U.S. dominance in silver-bullion trading.
It’s also highly bullish for long-term silver prices.
Let me explain …

Gold ,Silver, Stocks: What the Big Guys are Saying

Some of the biggest names in the Canadian investment sector talk to Stockhouse about their views on the outlook for precious metals and underlying stocks.
Sprott Inc. Chairman Eric Sprott
Veteran Canadian money manager Eric Sprott believes silver will emerge as the investment opportunity of the decade and may reach US$50 an ounce before the end of 2011.
As anti-government demonstrations in Egypt sent U.S. stocks into retreat on Friday, lifting some of the selling pressure on precious metals, a Canadian money manager said he expects silver to emerge as the investment opportunity of the current decade.
Eric Sprott, the 66-year-old Chairman of Toronto-based Sprott Inc., said he is prepared to bet that silver prices will not only rebound from the recent peak of US$31.24 an ounce, they will also reach highs not seen since 1980s, when the white metal reached an all-time high of almost $50 an ounce.

Kootenay Announces Three Diamond Drill Rigs Now Operating on Promontorio

Kootenay Gold Inc. (TSX VENTURE: KTN.V) is pleased to announce it now has three core drills operating at the Company's Promontorio Silver Project in Sonora, Mexico with the recent commencement of drilling of the third diamond drill rig.

As previously announced on May 31, 2011, the drills are executing a 25,000 meter diamond drill program to follow up on the success of the Company's recently concluded 10,000 meter drill program on Promontorio. The current drill program represents the single largest and most expansive drilling campaigns conducted on Promontorio to date. The multi-phase step out and in-fill drilling program at Promontorio will be ongoing for the next several months.

Union Securities Initiates Analyst Coverage of Kootenay Gold

http://www.union-securities.com/contact.asp

For report details please contact:

Brian Mok, P.Eng., MBA

Senior Mining Analyst

Mining

416-775-5135

bmok@union-securities.com

Kootenay Drills 146 gpt Silver eqv over 234m as 10,000 Meter Drill Program Concluded; Major 25,000 Meter Multi-Phase In-Fill Drilling and Resource Definition Program to Commence at Promontorio Silver Project

Vancouver, B.C. - Kootenay Gold Inc. TSX.V: KTN ("Kootenay") is pleased to announce it has successfully concluded the final holes of its 10,000 meter drill program on its Promontorio Silver project in Sonora, Mexico, highlighted by a 234 meter intersection grading 146 gpt silver equivalent*. Based on the success of the 10,000 meter program Kootenay reports it has entered into a contract with BDW Drilling to immediately commence a minimum 25,000 meter multi-phase diamond drill program at Promontorio. The in-fill drilling and resource definition program will be the Company’s single largest and most expansive drill campaign ever conducted at Promontorio.

*See 10,000 meter drill highlights below - Click here for the complete drill results and map.

States James McDonald, President and CEO of Kootenay: "Hitting excellent grades of silver mineralization over a broad 234 meter intersection is further testimony to the success of our 10,000 meter drilling program on Promontorio. Paramount to its success, we confirmed that high and medium grade silver occurs along the entire 1.0 kilometer long mineralized corridor that hosts the current resource. Equally important broadly spaced holes indicate continuity of silver mineralization over 300 meters of strike in the North East Zone, which is double the strike length of our current 43-101 silver resource.”

Investment U: The Price of Silver’s Rising: This Time, There Are No Scapegoats

 
by David Fessler, Investment U’s Energy and Infrastructure Expert
Thursday, April 21, 2011

“Silver Thursday” is a day that's been in the history books for more than 31 years. For those of you too young to remember Woodstock or the Allman Brothers Band, you probably have no idea what Silver Thursday is, either.

This is a story about silver's previous meteoric rise, one that occurred in late 1979 and early 1980. Alas, it had an all-to-familiar Madoff-esque twists to it: fear, irrational exuberance and greed.

The story begins back in the early 1970s, when two brothers, Nelson Bunker and William Herbert Hunt, decided they would begin to accumulate silver.

They believed that the U.S. government was printing too much money, and thus devaluing the dollar. Sounds all too familiar, doesn't it?

The Hunts further believed that silver, like its golden cousin, would become a haven for investors, too. They wanted to invest in something that wasn't denominated in – or tied to – paper currency…

Kootenay Gold Has A Lot More Silver Than Its Name Might Suggest

Judging by the share price, investors reckon that Kootenay Gold has a bright future ahead. Since last October the shares have risen steadily from just below C50 cents. But in the last week they have suddenly taken off, and risen in an almost straight line from C90 cents to C1.27. A quick look at recent news items shows that Dick Whittington, a mining graduate from the Royal School of Mines, joined the company as a director towards the end of March. That appointment underlines that Kootenay is now starting to build its team for the development of the Promontorio silver project in Mexico. Dick took Farallon Mining right through from discovery to production in four years as chief executive, and only left the company when it was taken over by Nyrstar. So he comes to Kootenay still in his prime.

Silver and Gold: Sprott Sees 20%-40% Gains Still Ahead This Year

 Source: Yahoo! Finance

Kootenay Drills 237 gpt Silver eqv over 51m, Including 526.2 gpt Silver eqv over 18 m; Step Out Holes Return Multiple High Grade Silver Intercepts Across a 1 Kilometer Corridor

Kootenay Gold Inc. (TSX VENTURE: KTN.V) is pleased to announce assay results from an additional 10 drill holes as part of a 10,000 meter, ongoing, multi-phase drilling program on its Promontorio Silver Project in Sonora, Mexico.

Drill holes encountered consistent, widespread silver mineralization and multiple high-grade silver intercepts in Promontorio's newly extended Northeast and Southwest Zones, which sit outside of the current 43-101 Pit Resource. (To view map please click here)

States Kootenay CEO James McDonald "We are very pleased and enthused with current results from the 10,000 meter drilling program and believe our objective of building Promontorio into a significant mining entity is coming into focus".

"We are consistently hitting high and medium grade silver mineralization to the North East of our Pit Resource expanding the North East Zone to over 300 meters, which is double the strike length of our current 43-101 silver resource. Moreover, widely spaced step out holes have encountered multiple, high grade silver intercepts confirming the exciting upside potential of the entire 1.0 kilometer long mineralized corridor at Promontorio". Adds McDonald

Eric Sprott: The Government Lied… There is No More Silver!

Silver Institute Predicts Rising Demand For Industrial Silver

A GFMS report for the Silver Institute predicts a bullish picture for the future of industrial silver demand with a record high of 665.9 million ounces in 2015.

The GFMS study, The Future of Silver Industrial Demand, made public Monday, also forecast the annual average silver price to continue to rise this year, "driven in large part by further inflows of investment demand, and supported by additional growth in fabrication demand."

"Looking ahead, a bullish picture for the future of silver industrial demand emerges. From an estimated volume of 487.4 Moz in 2010, the global total is expected to post an uninterrupted period of growth through to a record high of 665.9 Moz in 2015," said the report.

Northern Vertex’s Acquisition of Historic Moss Gold – Silver Property in Mohave County, Arizona Sets Stage For Advanced Exploration and Development

Highlights include:

• The Moss Gold – Silver Property which encompasses the historic Moss Gold Mine hosts a non-compliant NI 43-101 drill indicated resource estimated to contain a total 606,535 ounces gold equivalent.
• Extensive drilling on the Moss property between 1982 and 2008 includes a total of 305 drill holes for a total of 54,390 feet.
• Moss project offers excellent near-term production potential with high growth upside to develop into significant open-pit, heap leach, bulk minable resource.

http://www.northernvertex.com/extras/Northern_Vertex_NR_%20MOSS_Mar_9_2011_Final.pdf