KTN - Kootenay Silver makes progress with Columba Project in Mexico - PDAC 2024
(NewsDirect)
Kootenay Silver Inc (TSX-V:KTN) CEO JimMcDonald shares an update on the company's projects withProactive's Angela Harmantas at PDAC 2024 conferenc.
McDonald told Proactive the company isexperiencing positive momentum from the gold and silver markets,contributing to a buoyant atmosphere among stakeholders. Hehighlighted the progress of the company's flagship project, theColumba project in Mexico, known for its silver deposits. Thisproject, described as a newly discovered vein district, remainslargely unexposed to erosion, preserving its original deposits. Overthree years, Kootenay Silver has drilled 30,000 metres across 147holes, with plans to drill an additional 5,000 metres in approximately24 holes, focusing on the D vein which has shown significant silverintercepts.
The company aims toestablish a maiden resource for Columba by the end of 2024, contingenton market conditions and fundraising efforts, estimating a requirementof an additional 20,000 metres of drilling.
Additionally,McDonald discussed the La Cigarra project, also in Mexico, which hasrecently updated its mineral resource estimate. The revision hasincreased the measured and indicated grade from 85-86 grammes ofsilver per tonne to 102 grammes per tonne, without loss of material.This update enhances the project's economic viability, especiallywith silver prices approaching or exceeding $30, contributing toKootenay Silver's potential for growth in a bullish silvermarket.
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