VANCOUVER, Oct. 31, 2016 /PRNewswire/ â Kootenay Silver (TSXV:KTN)Â is pleased to report 11 core drill holes totaling 2,100 meters have been completed and submitted for assaying on the Ram Zone as part of its initial 3,000 meter drill program on its 100% owned La Cigarra silver project (the âPropertyâ), located in Chihuahua State, Mexico. The 11 holes tested the northern 500 meters of strike on the Ram structure. Management believes the RAM target has potential to host high-grade silver mineralization within a large structurally controlled anomalous silver trend measuring 3.8 kilometers in length. Â Assay results will be released once received and compiled.
The Company further reports it is currently mobilizing the drill rig to the La Soledad Zone, located approximately 1,000 meters south of the La Cigarra silver resource.
The current program on La Cigarra is the first stage of a planned multi-phased approach focused on drill testing several new highly prospective targets on the property that lie adjacent to and in close proximity to the main NI 43-101 silver resource. These include the Ram Zone and the Las Venadas â La Soledad-La Chinas mineralized trend, which extends southward from the La Cigarra Resource and has been traced over a length of 3 kilometers.
The extended multi-phase drill program is expected to be executed over the next 12-18 months with the objective of discovering entirely new silver resources that sit adjacent to and outside of the main resource. In conjunction with the new discovery program, the Company is currently conducting a strategic exploration and assessment program that includes extensive re-logging and mapping to aid in optimization of project economics and guide drilling for expansion of the La Cigarra resource.
Upcoming drilling on La Cigarra will aim to expand the size and define the limits of the resource and underlying high-grade silver zones known to extend in three different directions from the deposit. Upon compilation of future exploration and drill results the Company plans to immediately proceed to an updated independent resource calculation and a Preliminary Economic Assessment on the La Cigarra resource.