VANCOUVER, Dec. 8, 2014 – Kootenay Silver Inc. ($KTN:CA) (“Kootenay”) is pleased to announce that it has retained the services of Mr. Hans Smit, P.Geo to assist in the upcoming development of the Company’s new La Negra Breccia Silver Discovery, situated approximately 6.5 kilometers north of Kootenay’s flagship Promontorio Silver Resource in Sonora, Mexico. The immediate objective is to quickly advance the La Negra discovery to a resource calculation on completion of a second drill program anticipated to begin early in the New Year.
States Kootenay President and CEO James McDonald “We are very pleased to welcome Mr. Hans Smit’s assistance to the Kootenay technical team. His experience is a key and timely development for the Company as we move towards a maiden NI 43-101 resource calculation on La Negra. Mr. Smit brings Kootenay a wealth of experience developing precious metal resources throughout the North American Cordilleran and we look forward to working with him in the upcoming development of our new La Negra Silver discovery in Sonora, Mexico.”
Hans Q. Smit, P.Geo.
Mr. Smit is a professional geologist with 30 years experience in all aspects of mineral exploration. Mr. Smit has managed major exploration programs in northern British Columbia, the Yukon Territory, Alaska and Sonora, Mexico. He specializes in guiding advanced exploration projects through resource estimations, economic evaluations and permitting. As former VP Exploration for Grayd Resource Corp., Mr. Smit played an instrumental role in the discovery and advancement of the La India project in Sonora, Mexico from a grassroots discovery to a project with a 1.2 million gold ounce resource and a positive Preliminary Economic Assessment. Grayd was subsequently bought in 2011 by Toronto-based Agnico-Eagle Mines Ltd. in a $275 million transaction and La India brought into commercial production in 2014.
La Negra Silver Discovery
The La Negra Breccia prospect is situated approx. 6.5 kms north of Kootenay’s flagship Promontorio Silver Resource in Sonora, Mexico and is contained within a 25 x 15 km mineralized corridor, the ‘Promontorio Mineral Belt.’ The current Phase I drill program on La Negra follows a highly successful trenching and surface sampling program that confirmed widespread silver mineralization exists over a large 100 to 200 meters by 500 meters area on surface. (See news releases from May 28th and June 5th, 2014 for more details). Recently released drill results at La Negra returned significant intervals and high grades of widespread silver mineralization extending from surface to depth, confirming a substantial new silver discovery. (See news releases, ‘Drill Results’ Oct. 15, 2014, Nov. 26, 2014 and Dec 3, 2014 for more details).
To view full results of sampling and drill program visit: www.kootenaysilver.com
The foregoing geological disclosure has been reviewed and verified by Kootenay’s CEO, James McDonald, P.Geo (a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects). Mr. McDonald is a director of Kootenay.
Kootenay Silver Inc. is actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Its flagship property is the former producing Promontorio Silver mine in Sonora State, Mexico. Kootenay’s objective is to develop near term discoveries and long-term sustainable growth. Its management and technical team are proven professionals with extensive international experience in all aspects of mineral exploration, operations and venture capital markets. Multiple, ongoing J/V partnerships in Mexico and Canada maximize potential for additional, new discoveries while maintaining minimal share dilution.
For further information: James McDonald, CEO and President at 403-238-6986; Ken Berry, Chairman at 604-601-5652, 1-888-601-5650; or visit:www.kootenaysilver.com