Studies Required For Advancing Promontorio Silver Project

 

VANCOUVER - Kootenay Silver Inc. reported on ongoing hydrologic work and environmental baseline studies required for the advancement of the Promontorio resource. Three monitoring wells have been installed along the main corridor of mineralization stretching from the Northeast Zone through the Pit on to the SW zone. The wells were installed to characterize the ground water levels to be used to develop a conceptual hydrogeological model and to determine additional information that is valuable at this stage of the Promontorio Project.

This work is in preparation to evaluate groundwater conditions for Promontorio, including potential water sources and dewatering that may be required to sustain potential open pit or underground mining operations and augment water supply.

In addition, environmental baseline work over a 12-month period is complete and was done to analyze the characteristics of the surrounding environment. Surveying and data collection, of flora and fauna observations, sampling of soil, water and sediments and compilation of information on climate and socio-economic data of the area of interest were included. An analysis of geological and hydrological information available for the area was also compiled. This study provides baseline data needed to assess environmental impact of a future potential mining operation.

The most recent mineral estimate on Promontorio contains a combined Measured and Indicated silver resource of 92,428,000 silver equivalent ounces. In addition to the measured and indicated silver resources, there are an additional 26,814,000 silver equivalent ounces in the Inferred category. Measured and Indicated resources are contained in open pit resources of 44,504,000 tones grading an average of 64.32 gpt silver equivalent and resources outside of the open pit of 215,000 tones grading an average of 56.96 gpt silver equivalent. Inferred resources are within open pit resources of 14,564,000 tones grading an average of 51.95 gpt silver equivalent and resources outside of the open pit of 1,265,000 tones grading an average of 61.17 gpt silver equivalent.