Kootenay Silver's Updated Assay Results from Columba Project
Kootenay Silver Inc., based in Vancouver, has recently disclosed encouraging assay results from its ongoing drill program at the Columba High Grade Silver Project situated in Chihuahua, Mexico. This latest update focuses on nine additional drill holes completed as part of the company's ambitious 50,000-meter drilling initiative aimed at expanding existing mineral resources.
The drilling effort targets both the D Vein and the B2/Lupe vein systems, which are known to host substantial quantities of silver. The current mineral resource estimate for the Columba project stands at an impressive 54.1 million ounces of silver from approximately 5.92 million tonnes at an average grade of 284 grams per tonne (gpt).
Highlights from the Latest Results
D Vein Trend
The latest results confirm aggressive extensions into the D Vein, with all holes probing about 100 meters deeper than previously identified mineralized zones. These findings indicate that the vein remains open not only at depth but also along strike, suggesting the potential for further discoveries. Key intercepts from D Vein include:
- 7.0 meters at 186 ppm Ag, 0.1% Pb, and 3.8% Zn from 405 meters, including notable values such as:
- 2.0 meters at 573 gpt Ag and 12.7% Zn.
- 1.0 meter at 1,040 gpt Ag and 21% Zn.
- 14.83 meters at 135 gpt Ag with impressive inclusions of 4.5 meters at 232 gpt Ag indicative of significant mineralization deeper along the same trend.
Lupe-B2 Trend
In addition to the D Vein results, the Lupe-B2 vein system has shown promising extensions to the southeast, highlighting its potential for both depth and strike expansion. Significant findings from the B2 vein system were reported, including:
- Discovery of multiple silver-bearing structures, with the Lupe vein averaging 299 gpt Ag over 7.6 meters and showing immense potential for new high-grade intervals.
- Demonstrated solid grading intercepts within a broader low-grade envelope, including 0.4 meters at 537 gpt Ag and a nearby 3.47 meters at 315 gpt Ag.
The findings indicate that the Columba vein system may host similarly rich veins as those in historically productive zones such as La Chispas and Panuco, reinforcing Kootenay's strategy to further explore and define high-grade resources within its property.
Future Steps
Kootenay is currently around 13,000 meters into its planned drilling program with several holes awaiting assay results. The company is adapting to these extended turnaround times for assays due to heightened demand in the laboratory. As drilling progresses, Kootenay's management is hopeful for continued success, as the overall geological landscape at Columba indicates substantial silver presence.
James McDonald, Kootenay's President and CEO, commented, "We’re thrilled by the ongoing positive results at Columba that confirm the expansion potential of both D Vein and B2/Lupe systems. Our geological interpretation suggests vast silver deposits still await discovery, and we remain dedicated to maximizing this potential."
Dale Brittliffe, VP Exploration, added, "The presence of high-grade veins encompassed within broader low-grade envelopes showcases the rich silver content in the Columba vein system, laying the groundwork for significant expansions."
The company is ascertained by a robust financial footing that allows them to pursue this extensive exploration campaign without financing hindrances.
For previous drill results and further details about the Columba High Grade Silver Project, visit Kootenay Silver’s official website and their dedicated reporting page.
As the project continues to unfold, stakeholders can look forward to more updates that further illuminate the potential of Kootenay’s operations within Mexico’s rich mineral landscape.