“Our initial Phase 2 drill holes have been focused on upgrade drilling within the very large open pit outlined in our Preliminary Economic Assessment in late 2021. The drill results in today’s release intercepted broad zones of higher-grade mineralization within the pit outline and will enhance the resource definition for our PFS which we anticipate delivering later this year.”
Drilling is starting at the Shear zone at Big Pit within the Main Zone with 6 planned holes; then will move down to Pique Viejo for 3 holes focused on the steep-dipping high-grade quartz veining recently identified in sampling, including drilling a steeply dipping vein where a channel sample returned 93.9 g/t gold.
Kootenay Silver Inc. is pleased to announce that it has entered into an agreement with Research Capital Corporation, as sole agent and sole bookrunner in connection with a best efforts, private placement of units of the Company at a price of $0.16 per Unit for gross proceeds of up to $4,000,000.
“In the quarter, we continue to invest heavily in our main driver of value – the Los Ricos district – as we advance our second 100,000 metre drill program,” said Brad Langille, President and CEO.
Peter Hawley, President, CEO reports; “The past year of exploration diamond drilling, underground diamond drilling, definition diamond drilling and finally surface mapping and sampling has been not only aggressive, but has resulted in over 6,900 samples collected and analyzed.”
“The wide intercept in Hole 288 in the black shale continues to strengthen our hypothesis that the evolving shale horizon is mineralized where the high-grade quartz veins pass through it.”
“We are very encouraged by the widespread anomalous gold assays, the longer intercepts of moderate to low grade mineralization, and the local occurrence of high-grade gold. The drill program has very successfully built upon the surface exploration programs completed since 2019 and will provide an invaluable basis as we continue to explore the property and plan for further drilling”
Eight diamond drill holes (Z21-14, Z21-38 to 41, Z21-43, 44 and 46) were drilled with IMPACT’s man portable rig to test the mineralization below and to the south of the operating open pit for a total of 1221 meters.
Greg McKenzie, President and CEO commented: “These additional efforts will increase our messaging and brand awareness across a number of platforms, helping investors come to understand the significant value proposition of, we believe, owning shares in Golden Tag represents.”
Bailleres will be remembered as a “visionary businessman, exemplary Mexican, a romantic dreamer who triumphed and exceeded his goals.”
Mexico Mining Center © 2021 / All Rights Reserved
