TGR: What are some other junior precious metals companies that could rebound significantly in 2012?
PK: I like Kootenay Gold Inc. (KTN:TSX.V). It has the Promontorio silver deposit down in Mexico and is currently engaged in a 25,000m drill program. It has been successful with extending mineralization outside of the current resource pit, particularly in the northeast and southwest zones. It is aiming for almost five times its current resource, targeting 100 Moz Ag eq.
TGR: What does that tell you about the project and the deposit?
PK: This northeast zone at Promontorio is not a one-hole wonder. It is continuing to intersect this zone along strike as well as along different fence lines within the zone. There definitely seems to be a high-grade area that can add significant resources in the upcoming NI 43-101.
TGR: What are you expecting from that?
PK: It is targeting 100–105 Moz Ag eq. In terms of silver prospects, it is mid to small size, but it is definitely in a good district. Mexico is one of the largest silver producers on the planet.
TGR: If it keeps hitting intercepts like that, it will not be long before that resource doubles. What is your 12-month target price for Kootenay?
PK: $2.50.
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