Kootenay Expands 3D IP Survey Over New Dorotea Discovery at Promontorio
Kootenay Expands 3D IP Survey Over New Dorotea Discovery at Promontorio
(EMAILWIRE.COM, July 24, 2009 ) Vancouver, British Columbia, Canada - Kootenay Gold Inc. ("Kootenay") (TSX Venture: KTN") is pleased to announce commencement of a 3D Induced Polarization ('IP') geophysical survey over the new Dorotea Discovery at their wholly owned Promontorio Gold/Silver Property, Sonora, Mexico.
The Dorotea Zone has been traced for more than 2 kms, surface sampling and trenching indicate mineralization along at least 1,000 meters of its length (see attached map). Drilling encountered 34.5 meters grading 1.73 grams per tonne ("gpt") gold, 74.83 gpt silver and 2.4% lead + zinc reported in hole KP 56 and 6.0 meters grading 5.92 gpt gold, 167.20 gpt silver and 1.625% lead + zinc reported in hole KP 55 (see news release dated February 5, 2009 for full results).
Jim McDonald, CEO of Kootenay commented: "The initial geophysical survey of 3D IP conducted over the Promontorio Mine area was very successful in mapping out sulfide mineralization (see news release dated May 14, 2008) and proved to be a valuable predictive tool for drill targeting. The current 3D IP survey on the Dorotea Zone will extend the original 2km x 2km 2008 survey by an additional 2km x 1.2 km to the NW and help provide the drill targets along the Dorotea zone."
To view 3D DRILL MODEL click here or visit http://www.kootenaygold.ca/s/Links.asp
2008 "Pit Discovery" IP Results
The 3D IP conducted over the Pit Discovery in 2008 revealed the outline of a large area of chargeability at +20m millivolts/volt contour ("mV/V"), which correlates to areas of well known mineralization. The area of chargeability was 'L' shaped with one 'arm' measuring 1,600 meters and the other 900 meters with widths being 250 to 600 meters. (Chargeability is a measure of the voltage decay of an electric current put into the ground and is used to help map out areas of sub-surface mineralization.)
The +30mV/V and +40mV/V contour corresponds well with drilling when using a IP mineralization footprint overlay. Mineralization also extends within the 20mV/V contour as shown by mineralization at surface and in drill holes which sit within the +20mV/V contour.
Systematic Trenching
Kootenay Gold Inc. has completed excavation work relating to trenching in and around the Promontorio mine area that totalled 47 trenches for 2,613 metres. Twelve mineralized zones were tested and were sought to test mineralization identified by prospecting and known showings. Results will be reported once complete and compiled.
Dorotea Discovery Geology
The Dorotea structural zone is comprised of several phases and types of breccia and semi-ductile shearing may prove to be up to 60 metres wide and extend for over 1,000 metres to the northwest. The structure has strike potential beyond the 1,000 metres as it projects into the Pit discovery area about 1,600 metres to the southeast and is covered to the northwest by postmineral conglomerates. Mineralization is hosted by a silicified and quartz veined, semi-ductile shear zone and breccias within a sequence of sandstones, siltstones and andesite/dacite. Anomalous mineralization within this broad area occurs in a silica-rich sheared zone of 10 metres true width or less within the broader 60-metre-wide shear. Steep dip and apparent lateral extent combined with highly anomalous drill and grab sampling values make this a highly attractive target.
The foregoing geological disclosure has been reviewed and verified by Kootenay's CEO, James McDonald, P.Geo (a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects). Mr. McDonald is a director of the Company.
PROMONTORIO PROPERTY: DOROTEA IP SURVEY:
http://www.kootenaygold.ca/i/pdf/doroteaipsurvey.pdf
About Kootenay
Kootenay is an emerging exploration Company actively developing mineral projects in British Columbia, Canada and the Sierra Madre Region of Mexico. The Company's top priority remains the ongoing development of its 100% owned Promontorio Gold/Silver project, which encompasses the former producing Promontorio Silver Mine in Northwest Mexico.
For additional information, please contact:
James McDonald, President & CEO at 403-238-6986
Ken Berry, Chairman at 604-601-5652
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.
Cautionary Note: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
2009 number 11
Visit Kootenay Gold Inc. Website: www.kootenaygold.ca
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The Information in a Stockgroup Media Inc. Stockhouse News Hotline is A PAID ADVERTISEMENT and is for the viewers information only. Kootenay Gold Inc. has paid a fee not exceeding $2500.00 in cash or stock to have their corporate information featured. The corporate information is purely and solely the responsibility of Kootenay Gold Inc. and it is neither commented upon, researched, or in any manner the responsibility of Stockgroup Media Inc, whose only function is as a supplier of media facilities. Any information provided by the advertisers of Stockgroup Media Inc., through its media services, is not to be construed as a recommendation or suggestion or offerto buy or sell securities, but is provided purely as an informational media service. Stockgroup Media Inc. makes no warranties or undertakings as to the accuracy or completeness of this information. All due diligence should be done by the reader or their financial advisor. Investing in securities is speculative and carries risk. Persons who wish to buy or sell securities should only do so in consultation with their registered securities advisers.
The Dorotea Zone has been traced for more than 2 kms, surface sampling and trenching indicate mineralization along at least 1,000 meters of its length (see attached map). Drilling encountered 34.5 meters grading 1.73 grams per tonne ("gpt") gold, 74.83 gpt silver and 2.4% lead + zinc reported in hole KP 56 and 6.0 meters grading 5.92 gpt gold, 167.20 gpt silver and 1.625% lead + zinc reported in hole KP 55 (see news release dated February 5, 2009 for full results).
Jim McDonald, CEO of Kootenay commented: "The initial geophysical survey of 3D IP conducted over the Promontorio Mine area was very successful in mapping out sulfide mineralization (see news release dated May 14, 2008) and proved to be a valuable predictive tool for drill targeting. The current 3D IP survey on the Dorotea Zone will extend the original 2km x 2km 2008 survey by an additional 2km x 1.2 km to the NW and help provide the drill targets along the Dorotea zone."
To view 3D DRILL MODEL click here or visit http://www.kootenaygold.ca/s/Links.asp
2008 "Pit Discovery" IP Results
The 3D IP conducted over the Pit Discovery in 2008 revealed the outline of a large area of chargeability at +20m millivolts/volt contour ("mV/V"), which correlates to areas of well known mineralization. The area of chargeability was 'L' shaped with one 'arm' measuring 1,600 meters and the other 900 meters with widths being 250 to 600 meters. (Chargeability is a measure of the voltage decay of an electric current put into the ground and is used to help map out areas of sub-surface mineralization.)
The +30mV/V and +40mV/V contour corresponds well with drilling when using a IP mineralization footprint overlay. Mineralization also extends within the 20mV/V contour as shown by mineralization at surface and in drill holes which sit within the +20mV/V contour.
Systematic Trenching
Kootenay Gold Inc. has completed excavation work relating to trenching in and around the Promontorio mine area that totalled 47 trenches for 2,613 metres. Twelve mineralized zones were tested and were sought to test mineralization identified by prospecting and known showings. Results will be reported once complete and compiled.
Dorotea Discovery Geology
The Dorotea structural zone is comprised of several phases and types of breccia and semi-ductile shearing may prove to be up to 60 metres wide and extend for over 1,000 metres to the northwest. The structure has strike potential beyond the 1,000 metres as it projects into the Pit discovery area about 1,600 metres to the southeast and is covered to the northwest by postmineral conglomerates. Mineralization is hosted by a silicified and quartz veined, semi-ductile shear zone and breccias within a sequence of sandstones, siltstones and andesite/dacite. Anomalous mineralization within this broad area occurs in a silica-rich sheared zone of 10 metres true width or less within the broader 60-metre-wide shear. Steep dip and apparent lateral extent combined with highly anomalous drill and grab sampling values make this a highly attractive target.
The foregoing geological disclosure has been reviewed and verified by Kootenay's CEO, James McDonald, P.Geo (a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects). Mr. McDonald is a director of the Company.
PROMONTORIO PROPERTY: DOROTEA IP SURVEY:
http://www.kootenaygold.ca/i/pdf/doroteaipsurvey.pdf
About Kootenay
Kootenay is an emerging exploration Company actively developing mineral projects in British Columbia, Canada and the Sierra Madre Region of Mexico. The Company's top priority remains the ongoing development of its 100% owned Promontorio Gold/Silver project, which encompasses the former producing Promontorio Silver Mine in Northwest Mexico.
For additional information, please contact:
James McDonald, President & CEO at 403-238-6986
Ken Berry, Chairman at 604-601-5652
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.
Cautionary Note: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
2009 number 11
Visit Kootenay Gold Inc. Website: www.kootenaygold.ca
--------------------------------------------------------------------------------
The Information in a Stockgroup Media Inc. Stockhouse News Hotline is A PAID ADVERTISEMENT and is for the viewers information only. Kootenay Gold Inc. has paid a fee not exceeding $2500.00 in cash or stock to have their corporate information featured. The corporate information is purely and solely the responsibility of Kootenay Gold Inc. and it is neither commented upon, researched, or in any manner the responsibility of Stockgroup Media Inc, whose only function is as a supplier of media facilities. Any information provided by the advertisers of Stockgroup Media Inc., through its media services, is not to be construed as a recommendation or suggestion or offerto buy or sell securities, but is provided purely as an informational media service. Stockgroup Media Inc. makes no warranties or undertakings as to the accuracy or completeness of this information. All due diligence should be done by the reader or their financial advisor. Investing in securities is speculative and carries risk. Persons who wish to buy or sell securities should only do so in consultation with their registered securities advisers.
Contact Information:
Kootenay Gold Inc.
James McDonald
Tel: 403-238-6986
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
Kootenay Gold Inc.
James McDonald
Tel: 403-238-6986
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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