Wednesday, April 6, 2011
Monday, April 4, 2011
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
Tuesday, March 29, 2011
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.
Wednesday, March 9, 2011
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.
Friday, March 4, 2011
NEE.V 2011-03-02: Northern Vertex Initial Drilling on Copley Project Identifies Large Gold Bearing Structures
Highlights Include:
- 9 of 11 drill holes intersected gold in the companies first round of exploration drilling including a 33 m intersection of 0.271 g/t Au in hole 01-04 including: 5.6 m averaged 0.68 g/t Au, and 1.4 m averaged 1.57 g/t Au.
- Drilling focused on the Smoking Pipe target and results indicate the mineralized zoning is near surface and the zones of gold-rich rocks thicken to the west.
- The drilling identified large gold bearing structures with distinct geological similarities and presence of magnetic lows suggest the potential for Blackwater Style Bulk-Tonnage Discovery in B. C.'s Nechako Plateau.
- The company also announced a Non-Brokered private placement of up to approximately 3.15 million units at a purchase price of $0.70 per Unit, for aggregate gross proceeds to the Company of up to $2,200,000.
Wednesday, March 2, 2011
KTN.V 2011-02-03: Kootenay Reports Assay Results From 15 Holes on Promontorio
- 15 Drill holes encountered consistent and multiple intercepts of widespread silver mineralization.
- 149 g/t silver over 10.5 meters.
- 108 g/t silver over 16.5 meters.
- Silver mineralization has now been extended from the 43-101 Pit Discovery Zone towards the North East Zone a further 200 meters, remaining open in three directions.
- A second diamond drill rig that will run concurrent to its RC drilling program, to test the deposit at depth.
“Our goal from the outset of the current 10,000 meter drill program has been to expand silver mineralization outside of the existing 43-101 Pit resource. We are very pleased and excited with results from the current 15 holes. Not only have we dramatically extended silver mineralization to the NE and SW of the Discovery Zone, we are achieving consistent grades and continuity within areas of widespread silver mineralization not yet calculated into the current 43-101 resource. Adding a second diamond drill rig will allow us to drill test a host of existing holes at depth that bottomed out in mineralization, which is expected to play a major factor in further boosting the size of our growing silver resource at Promontorio”.
---Jim MacDonald President and CEO
Please find the drill fencing and assay map at:
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