Surface Sampling Results On New Silver Property In Parral Silver Mining District

 

VANCOUVER, BC - Kootenay Silver Inc.  has acquired the Mecatona Property by staking of 2,857 hectares in the Parral Silver Mining District, located south of the City of Parral in Chihuahua State, Mexico and southeast of the Company's flagship La Cigarra Project.

The Company has taken 78 samples, which include both channel and grab on the Property with silver values ranging from trace to a high of 735 gpt and gold values ranging from trace to 6.94 gpt. Appreciable base metals are also present within the mineralized system with lead and zinc values returning up to 3.5% and 8.0%, respectively. 

The Property covers a silver-dominant epithermal mineral system hosted in veins and breccias. One anomalous structure has been traced for +1.7 kilometer and remains open along strike. Early stages of exploration by the Company have also outlined other anomalous areas including a northeast trending zone outlined by stockworks and quartz veinlets within an 80 meter-wide argillic alteration zone. Several small active mines operated by local gambusinos, located 1.5 kilometers west of the Property, are reported to host high grades greater than 1 kg/ton silver at depth. 

The exploration plan at the Property is to map out and define the mineralized structures and then drill test them at the same elevations the high grade is known to occur at the neighboring small-scale mines. This exploration plan was used very successfully in discoveries such as Mag Silver's Juanacipio and Electrum's Los Gatos. Although the Property hosts several small to medium sized old workings there is no evidence of any modern exploration.

Based on the length of mineralized structures, adjacent producing properties and the context within the Parral-San Francisco Del Oro-Santa Barbara mineral camps, Kootenay believes the Mecatona Property has the potential to host high grade vein type silver deposits. 

Regionally, the Property is part of the larger, productive Parral Silver District that includes the Santa Barbara and San Francisco del Oro mining facilities, Endeavour Silver's Veta Colorada and La Pamilla projects and Kootenay's La Cigarra.  

Additionally, the Company announces it has entered an option agreement to acquire a 100% interest in the Meachen Bend Project located 30 kilometers southwest of the famous Sullivan silver-lead-zinc mine which hosted 350 million ounces of silver, within 160 million tonnes grading 12% lead plus zinc and 68 gpt silver. The Meachen Property is comprised of three mineral tenures totaling approximately 1,048 hectares and covers elevated base metals, alteration and stratigraphy consistent with those areas peripheral to a silver-lead-zinc Sullivan style deposit. In addition, a strong single line MT conductor sits at relatively shallow depths, which is believed by the Company could be caused by massive sulfides distinctive to a Sullivan type deposit. 

The company’s address is Suite 1650, 1075 West Georgia Street, Vancouver, BC V6E 3C9, (604) 601-5650, fax: (604) 683-2249, email: [email protected].