Kootenay owns 100% of Columba Silver
After Completing Final Property Payment
Kootenay Silver Inc said regarding the Columba High-Grade Silver Project. The final payment made on the Columba property was US$215,000, not US$125,000 as previously stated. Please see the initial release for more details. Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed and approved on behalf of Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
James McDonald President and CEO states, “We are very pleased to have earned our way into 100% ownership of the Columba property concessions. It is very exciting to be in the midst of what looks like the recognition of a brand new, high grade silver vein district in Mexico.
Given there has been virtually no erosion of the silver bearing part of the system, the extent of the veins mapped to date and numerous wide and high grade hits across the property we certainly believe we have the potential for the discovery of in excess of 100 million ounces of silver.”
To date, 27,000m have been drilled at Columba beginning in 2019. The F Vein, where the old mine shaft is located, produces consistent silver across 700m of width and 200m of depth. Several other areas of interest have been identified and tested including the D Vein, B Vein, and JZ Area.
As the geological team continues to map the property more potential silver vein systems are being discovered. Stage I of the planned three stage 50,000m drill program will begin this summer.
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