Kootenay Silver Inc. {TSX.V: KTN} reported that Aztec Minerals Corp. {TSX.V: AZT} today announced the first five of 15 drill holes from its phase I, 3,000 drill program, currently underway at Kootenay’s Cervantes Project, located in Sonora State, Mexico. Drilling conducted by Aztec Minerals successfully intersected long intervals of porphyry gold, copper and silver mineralisation.
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Kootenay Silver Inc. {TSX.V: KTN} is pleased to report that Aztec Minerals Corp. (TSXV: AZT) today announced the first five of 15 drill holes from its phase I, 3,000 drill program, currently underway at Kootenay’s Cervantes Project, located in Sonora State, Mexico.Drilling conducted by Aztec Minerals successfully intersected long intervals of porphyry gold, copper and silver mineralization including shorter intervals of high grade gold mineralization within the California Zone confirming excellent potential to host bulk tonnage porphyry mineralisation.
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Drill Highlights:
- 139.0 meters from surface grading 0.71 gpt gold, including 20 meters of 2.10 gpt gold in hole 17CER005 at the California Zone
- 117.0 meters from near surface grading 0.63 gpt gold, including 43.0 meters of 1.18 gpt gold in hole 17CER003 at the California Zone
To view a map of the drill area click on the following link: Cervantes Drill Plan.
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The Cervantes Property is held under an earn-in option to agreement whereby Aztec Minerals can acquire up to 100% interest in the property in two stages. Upon completion of the two stage earn-in, Kootenay will retain a 2.5 % NSR and receive a payment of US$5.00 per ounce or gold or gold equivalent based on a NI 43-101 Resource Estimate. For more information see the Company’s news release dated October 13, 2015.
To read the news release, please click HERE
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