Kootenay Silver Inc.

Kootenay Silver Inc. is actively developing mineral projects in the Sierra Madre region of Mexico. The company's La Negra prospect is a significant and exciting new high-grade silver discovery that offers exceptional potential to evolve into a substantial near-surface, open-pit resource. Kootenay's goal is to continue to fast-track development on La Negra through an aggressive drill program currently underway.

Expert Comments:

Philip Ker, PI Financial (6/15/15)
"Kootenay Silver Inc. announced that regional ground exploration led to recognition of a >4km belt of anomalous gold-copper-silver mineralization now named the Cameron-Vania trend. This trend is within proximity to Kootenay's La Negra breccia drill discovery and amplifies the potential of the district to host additional worthy drill targets. . .given the history of exploration success realized across the company's land package, we believe this new Cameron-Vania trend could lead to an additional drill target for Kootenay to begin advancing."

Wayne Hewgill, Mackie Research Capital (5/22/15)
"Kootenay Silver Inc. announced the final results from its phase 2 drilling campaign on its 100%-owned La Negra discovery on the Promontorio project. . .highlights from the current deeper drilling include 56m grading 124 g/t Ag, 0.175 g/t Au and 0.1% Pb starting at a depth of 254m including 13m of 353 g/t Ag, 0.242 g/t Au and 0.02% Pb."

Philip Ker, PI Financial (5/20/15)
"Kootenay Silver Inc. announced the final three holes from its phase 2 drill program at its La Negra target. Final assays continue to confirm broad intercepts of silver mineralization while expanding the vertical extent of the mineralized breccia to a depth of 250–300m."

Wayne Hewgill, Mackie Research Capital (5/4/15)
"Kootenay Silver Inc. announced an additional seven holes from its phase II drill campaign on its 100%-owned La Negra discovery on the Promontorio project in Senora, Mexico. . .highlights from the current near-surface drilling include 146m grading 68.39 g/t Ag, 0.054 g/t Au and 0.18% Pb and 138m of 63.12 g/t Ag, 0.049 g/t Au and 0.21% Pb, with both intervals starting at surface. . .drilling also extended the high-grade zones 100–150m to depth with a 30m interval of 101.86 g/t Ag, 0.117 g/t Au and 0.42% Pb starting at 197m depth."

Philip Ker, PI Financial (4/30/15)
"Kootenay Silver Inc. delivered positive assay results from its La Negra project where stepout drilling targeted at depth mineralization. These assay results confirm the presence of mineralization vertically down to 250–300m from surface and increases the extent by 100–150m at depth. . .with further drilling yet to come and the potential for additional discoveries across the target rich Promontorio land package, we are increasing our target from $0.50/share to $0.65/share and maintaining our Buy rating."

"Kootenay Silver Inc. is my favorite silver produer. Kootenay has two projects in Sonora, Mexico: Promontorio and La Negra. They are contained in a 25 kilometer (25km) by 15km mineralized corridor known as the Promontorio mineral belt. The Promontorio deposit itself is an absolute monster: 92 Moz of silver equivalent Measured and Indicated and another 24 Moz Inferred at 70 g/t. Kootenay doesn't quite yet understand the Promontorio structure, so it is engaged in a very detailed mapping and sampling program to find the high-grade areas. But this problem is not unusual with such structures. Consider AngloGold Ashanti's Cripple Creek gold mine in Colorado. Like Promontorio, it is a diatreme. Cripple Creek was mined for decades before it found a 100m pipe that contained 8 Moz gold. Promontorio is basically a 1.5km long mineralized area, so it requires a comprehensive program to delineate high-grade targets.

Companies need to get the best bang for their buck. For Kootenay, that means La Negra. It's 6km from Promontorio, and it's an exciting, new, pure silver discovery. Last year, Kootenay drilled 3,100m in 25 HQ diameter core holes at La Negra. It was hugely successful—a series of outstanding, high-grade drill intercepts from surface. . .I made a back-of-the-napkin calculation that La Negra phase 1 drilling revealed 20 Moz of pure silver—a conservative estimate on my part. The company is now drilling a phase 2, 30 hole, 3,000m program.

The initial phase 2 assays position La Negra as one of the richest, near-surface, pure silver plays in northwest Mexico in the past decade. The latest results, in my opinion, give an established silver producer the opportunity to fast track into production a low-cost, 4–5 Moz/year mine. Even if no one comes knocking, Kootenay has the team to advance the project itself. CEO Jim McDonald's track record includes Alamos Gold's Mulatos mine, and director Dick Whittington's includes Farallon Mining's G-9 mine." read more >

More Expert Comments

Experts Commenting on This Company

Angelos Damaskos, Chief Executive Officer – Sector Investment Managers Ltd
Wayne Hewgill, Analyst – Mackie Research Capital
Philip Ker, Mining Analyst – PI Financial
Rick Mills Ahead of the Herd
Steve Palmer, President and Chief Investment Officer – AlphaNorth Asset Management

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
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