VANCOUVER, BC, Nov. 19, 2024 /PRNewswire/ – Kootenay Silver Inc. (TSXV: KTN) (the “Company” or “Kootenay”) is happy to lend effects from 4 untouched drill holes on the Columba Top Grade Silver Mission. The lot reported herein contains exams from 3 grounds at Columba: I-Vein, D-Vein and B-Vein Hall which is the extension of the traditionally mined F-Vein. The I-Vein drilling comprised an extension or “tail” of a 2019 hollow which was once terminated in a 1.5 meters broad mine workings, while the D and B-Vein drilling constitute ongoing trying out of the ones two developments. The corporate is curious about trying out extensions and gaps inside the knowledge i’m ready in walk of the preparation of a mineral useful resource estimate.

Drill Highlights come with; 

See hyperlinks to plan map, of D Vein, B vein, and cross sections

Hollow CDH-24-174 

• Accident 3 vital composited periods together with a extensive mineralized 41.2 meters lengthy envelope inside the B-B2 Vein hall.
  • 3rd Zone – B2-Vein extension of Traditionally mined F Vein
    • 233 gpt silver, 0.1% top and zero.3% zinc over 41.2 meters core area (27.60 meters e.t.w) comprises;
    • 1,100 gpt silver, 0.35% top and zero.34% zinc over 4.0 meters of core area (2.68 meters e.t.w.) and,
    • 3,090 gpt silver, 0.9% top and zero.2% zinc over 1.1 meters core area (0.74 meters e.t.w.)
  • 2nd Zone – Conceivable untouched vein parallel to B Vein
    • Conceivable untouched parallel vein to B additionally crash in holes CDH-21-111 and 112 with values to 434 gpt silver, 0.14% top and zero.22% zinc over 13.05 meters together with 7 meters (each drilled area) of 719 gpt silver and zero.28% top and zero.24% zinc (see information loose December 6, 2021).
    • 99 gpt silver, 0.1 % zinc over 6 meters core area (4.20 meters e.t.w) comprises;
    • 533 gpt silver, 0.1% zinc over 0.3 meters of core area (0.21 meters e.t.w.)
  • First Zone – Unnamed Hangingwall Vein
    • 104 gpt silver, 0.1 % zinc over 7 meters core area (4.90 meters estimated true width (“e.t.w”)

Hollow CDH-24-175

• An competitive 130 meter step out i’m sick dip of CDH-22-125 (9.7 meters of one,746 gpt silver see information loose September 8, 2022) hits the D vein construction depart it discoverable to intensity.
• Accident a large 12 meter hollow space (vug) on the projection of the D vein construction
• The vein was once got rid of by way of official separation (acidic mineralizing fluids) indicating it was once a calcite vein and left-overs discoverable to intensity.
• Core on all sides of the hollow space is anomalous in silver and bottom metals in veinlet stockworks and slender bottom steel bands to twelve% zinc.
• Conceivable untouched vein in hangingwall of D Vein grading 270 gpt silver, 0.2% top and zero.7% zinc over 8 meters (3.42 meters e.t.w.)

Hollow CDH-24-017

• I-Vein intercept represents the deepening of earlier hollow CDH-19-017. The fresh hollow had intersected mineralized veining at base of hollow when it encountered worn mine workings. On the date it was once thought to be dangerous to proceed and drilling was once unloved. The untouched hollow was once designed to move the workings and proceed into the footwall. Hyperlink to Plan Map of D, I, F vein location
  • Intersected 25.44 meters of continuing silver mineralization much less 1.55 meters of worn mine workings.
  • Ancient intermission
    • 146 gpt, 0.1% top and zero.2% zinc over 5.4 meters core area (4.47 meters e.t.w) from 112 meters downhole (information loose Sept. 25, 2019).
  • 2024 intermission
    • 159 gpt, 0.1% top and zero.4% zinc over 10.22 meters core area (8.47 meters e.t.w) from 118.95 meters downhole comprises;
    • 513 gpt silver, 0.6% top, 1.7% zinc over 1.0 meters core area (0.82 meters e.t.w.) from 282.11 meters downhole
  • Mixed 25 meter intermission together with 1.55 meters the usage of zero grade.
    • 25.17 meters of 102 gpt silver, 0.1% top and zero.2% zinc

Kootenay’s President & CEO, James McDonald states, “Good to see more great results and important to note that more potential is opened up with the I Vein and newly recognized vein parallel to the B Vein. We are seeing some excellent results along B2 which remains wide open for expansion and will see a lot more drilling. These fat zones of moderate grade like 27 meters of 233 gpt silver cored by very high grades of 1100 gpt silver bodes well for building high quality ounces.” And

“Take a look at those footage of a few silver in local method (link to pictures) seen within the core of hollow 174.”.

Tide lot of drill effects from drill holes CDH-24-174 to 176 along with an extension of ancient drillhole CDH-19-017 are tabulated under.

The consequences above constitute a number of noteceable vein objectives.
Hollow CDH-24-174 was once drilled at the B-Vein development and intercepted a number of mineralized periods together with a extensive 41.2 meters lengthy zone containing a 4.0 meter of high-grade vein. This vein modelled as vein “B2” is now understood by way of Kootenay to be the southeastern projection of the traditionally labored F-Vein.

Hollow CDH-24-175 was once an competitive take a look at deep under present intercepts of D-Vein and encountered an surprising but neatly mineralized 8 meters lengthy intermission of hangingwall vein on its technique to goal intensity. At goal intensity, 432 meters downhole, a 12 meters lengthy hollow space was once encountered, flanked by way of residual calcite with anomalous top and zinc values. This hollow space is interpreted because the D-Vein construction, even though within the location drilled the carbonate dominant vein had in large part been got rid of by way of herbal processes most probably acidic mineralizing fluids. Thus the D vein left-overs discoverable at intensity with magnificient width.

Hollow CDH-24-176 was once drilled at the B Vein development and encountered a large, 46 meters lengthy zone of continuing mineralization containing 3 sub periods of upper grades representing two periods of placing wall veins and a conceivable intercept of F-Vein.

Parallel Vein to B2

Two occurrences of placing wall mineralization matching to Qtz-Barite veining have been encountered within the higher parts of holes CDH-24-174 and 175. Those periods correlate to intercepts encountered and reported in the past in holes CDH-21-111 and 112 (at the beginning reported in Information Reduce dated December 6^th, 2021) The new intercepts point out the presence of a neatly mineralized vein within the placing wall of and orientated parallel to the B2 Vein. With untouched silver grades as much as 533 Ag gpt reported from hollow CDH-24-174, this newly identified vein is every other thrilling goal within the B Vein hall. Link to Plan Map 2 showing which holes hit the parallel vein

Desk appearing stream Intercepts of untouched hangingwall vein above B2

The 2024 drill program continues with two diamond drills with over 12,000 meters and 40 holes finished this yr, with 1,080 samples from 8 holes these days within the assay lab. The 2024 exploration paintings has virtually tripled the identified clash area of D-Vein which is mineralized for roughly 1,275 meters. Tide paintings comprises extending identified mineralization alongside I-Vein and B-Veins developments. The stream program is a part of a completely funded observe up program of 20,000 meters, aimed to culminate in a maiden useful resource.

The corporate has additionally registered a 24-year floor get admission to assurance with the precise executive government that comes with annual and alternative bills and permits for each exploration and exploitation. The assurance covers all of the mineralized grounds drilled to presen.

Potential veins at the mission are hosted inside a volcanic caldera surroundings, the skin extent of mapped veins measuring kind of 4 kilometres by way of 3 kilometres. Control believes that Columba could also be a newly identified vein district this is just about fully guarded from erosion.

A complete listing of drill effects finished at the Columba Quality since 2019 could also be considered right here: Columba Drill Results.

Company Replace

The Corporate additionally proclaims that all over the fiscal quarter ended September 30, 2024, pursuant to an “at-the-market” fairness distribution program (the “ATM Program“) established underneath to a prospectus complement dated July 4, 2024, the Corporate issued 443,000 ordinary stocks (“Offered Shares“) at a mean value of $1.2357 in keeping with Presented Proportion. The Corporate raised combination rude proceeds of $547,408.67 and paid combination commissions of $13,685.22 to Analysis Capital Company (who acted as agent), for the purpose of combination internet proceeds to the Corporate of $533,723.45.

For more info in regards to the ATM Program, the following the Corporate’s information loose dated July 10, 2024.

This information loose does now not represent an do business in to promote or the solicitation of an do business in to shop for securities, nor shall there be any sale of securities in america, or in any alternative jurisdiction during which such do business in, solicitation or sale could be illegal. The securities described on this information loose have now not been and might not be registered underneath america Securities Function of 1933, as amended (the “U.S. Securities Act“), or underneath any U.S. shape securities regulations, and will not be introduced, bought, immediately or not directly, or delivered inside the “United States” or to, or for the account or good thing about, individuals in the “United States” or “U.S. persons” (as such phrases are outlined in Law S underneath the U.S. Securities Function) excluding in sure transactions exempted from the registration necessities of the U.S. Securities Function and all acceptable U.S. shape securities regulations.

Sampling and QA/QC at Columba

All technical knowledge for the Columba exploration program is got and reported underneath a proper component commitment and component keep watch over (“QA/QC”) program. Samples are taken from core scale down in part with a diamond noticed underneath the path of certified geologists and engineers. Samples are upcoming classified, positioned in plastic baggage, sealed and with intermission and pattern numbers recorded. Samples are delivered by way of the Corporate to ALS Minerals (“ALS”) in Chihuahua. The Corporate inserts blanks, requirements and duplicates at ordinary periods as follows. On reasonable a empty is inserted each and every 100 samples starting firstly of sampling and once more when depart the mineral zone. Requirements are inserted when coming into the possible mineralized zone and in the midst of them, on reasonable one in each and every 25 samples is a regular. Duplicates are taken within the mineralized periods at a mean 2 duplicates for every hollow.

The samples are juiceless, beaten and pulverized with the pulps being despatched airfreight for research by way of ALS in Vancouver, B.C. Systematic assaying of requirements, blanks and duplicates is carried out for precision and accuracy. Research for silver, zinc, top and copper and matching hint parts was once executed by way of ICP 4 acid digestion, with gold research by way of 30-gram hearth assay with an AA end. All drilling reported is HQ core and was once finished by way of Globextools, S.A. de C.V. of Hermosillo, Sonora, Mexico.

Neither the TSX Mission Change nor its Law Products and services Supplier (as that promise is outlined in insurance policies of the TSX Mission Change) accepts duty for the adequacy or accuracy of this loose.

Certified Individuals 

The Kootenay technical knowledge on this information loose has been ready in keeping with the Canadian regulatory necessities move ahead in Nationwide Device 43-101 (Requirements of Disclosure for Mineral Tasks) and reviewed and authorized by and for Kootenay by way of Mr. Dale Brittliffe, BSc. P. Geol., Vice President, Exploration of Kootenay Silver, is the Corporate’s nominated Certified Particular person pursuant to Nationwide Device 43-101, Requirements for Disclosure for Mineral Tasks, has reviewed the clinical and technical knowledge disclosed on this information loose. Mr. Brittliffe isn’t separate of Kootenay Silver.

About Kootenay Silver Inc. 

Kootenay Silver Inc. is an exploration corporate actively preoccupied within the discovery and building of mineral initiatives within the Sierra Madre Pocket of Mexico. Supported by way of one of the crucial biggest teenager portfolios of silver belongings in Mexico, Kootenay continues to lend its shareholders with vital leverage to silver costs. The Corporate left-overs centered at the growth of its stream silver assets, untouched discoveries and the near-term economic growth of its precedence silver initiatives positioned in prolific mining districts in Sonora, Shape and Chihuahua, Shape, Mexico, respectively.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:

The tips on this information loose has been ready as at November 18, 2024. Positive statements on this information loose, referred to herein as “forward-looking statements”, represent “forward-looking statements” underneath the provisions of Canadian provincial securities regulations. Those statements can also be known by way of the worth of phrases similar to “expected”, “may”, “will” or related phrases. 

Ahead-looking statements are essentially primarily based upon a lot of components and suppositions that, date thought to be affordable by way of Kootenay as of the presen of such statements, are inherently topic to vital trade, financial and aggressive uncertainties and contingencies. Many components, identified and unknown, may purpose latest effects to be materially other from the ones expressed or implied by way of such forward-looking statements. Readers are cautioned to not playground undue reliance on those forward-looking statements, which talk most effective as of the presen made. Excluding as differently required by way of legislation, Kootenay expressly disclaims any legal responsibility or enterprise to loose publicly any updates or revisions to this sort of statements to mirror any exchange in Kootenay’s expectancies or any exchange in occasions, statuses or cases on which this sort of remark is primarily based. 

Cautionary Observe to US Traders: This information loose comprises Mineral Reserves and Mineral Sources classification phrases that agree to reporting requirements in Canada and the Mineral Reserves and the Mineral Sources estimates are made in keeping with Nationwide Device 43-101 – Requirements of Disclosure for Mineral Tasks (“NI 43-101“). NI 43-101 is a rule evolved by way of the Canadian Securities Directors that establishes requirements for all community disclosure an issuer makes of clinical and technical knowledge regarding mineral initiatives. Those requirements range considerably from the necessities followed by way of the U.S. Securities and Change Fee (the “SEC“). The SEC units laws which can be acceptable to home United States reporting firms. In consequence, Mineral Reserves and Mineral Sources knowledge incorporated on this information loose isn’t related to related knowledge that may most often be disclosed by way of home U.S. reporting firms topic to the reporting and disclosure necessities of the SEC. Accordingly, knowledge regarding mineral deposits i’m ready forth herein will not be related with knowledge made community by way of firms that file in keeping with U.S. requirements. 

SOURCE Kootenay Silver Inc.

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