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

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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.