KTN - Kootenay Silver provides mineral resource update for the Promontorio-La Negra Project in Mexico
(NewsDirect)
Kootenay Silver CEO Jim McDonald joinedSteve Darling from Proactive to share significant updates regardingthe company's mineral resource estimate at the Promontorio-LaNegra Project in Sonora, Mexico.
The resource estimate encompasses both the updated Promontoriodeposit and the maiden mineral resource estimate for the La Negradeposit, which is situated 7 kilometers to the north. These twodeposits are considered part of the Promontorio Mineral Belt and areregarded as a single project.
ThePromontorio deposit saw a notable increase in grades, with a 24%improvement. On a silver equivalent basis, the project is nowestimated to host 162.8 million ounces in the Measured and Indicated(M+I) category, along with 44.4 million ounces in the Inferredcategory. When considering silver alone, the M+I resource is estimatedat 68.2 million ounces, with an additional 17.6 million ounces in theInferred category.
Additionally,the maiden resource estimate for the La Negra Silver Deposit hasreturned impressive overall grades. In the Indicated category, theaverage grade is 129 g/t silver equivalent, while in the Inferredcategory, it is 115 g/t silver equivalent. When considering a cutoffgrade of 50 g/t silver equivalent, these grades increase to 146 g/tand 133 g/t silver equivalent, respectively, with only a modestdecrease in the total contained silver ounces.
Kootenay Silver remains dedicated toadvancing the Columba project, with a primary goal of defining a newhigh-grade resource. The company is eagerly anticipating new assayresults in the coming weeks, furthering its exploration efforts andgrowth prospects.
In summary, Kootenay Silver's updatedmineral resource estimate at the Promontorio-La Negra Projecthighlights the company's continued success in enhancing the valueand potential of its assets in Mexico. The significant improvement ingrades and the addition of the La Negra Silver Deposit underscore thecompany's commitment to advancing its exploration and developmentprojects in the region.
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