VANCOUVER, British Columbia,
December 8, 2014 /PRNewswire/ --
Shares Outstanding:
70,110,683
Kootenay Silver Inc. (TSX VENTURE:
KTN.V) ("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: http://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.
ABOUT 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.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Forward-Looking Statements: The
information in this news release has been prepared as at
December 7, 2014.
Certain statements in this news release, referred to herein as
"forward-looking statements", constitute "forward-looking
statements" under the provisions of Canadian provincial securities
laws. These statements can be identified by the use of
words such as "expected", "may", "will" or similar
terms.
Forward-looking statements are necessarily based upon a
number of factors and assumptions that, while considered reasonable
by Kootenay as of the date of such statements, are inherently
subject to significant business, economic and competitive
uncertainties and contingencies. Many factors, known
and unknown, could cause actual results to be materially different
from those expressed or implied by such forward-looking
statements. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date made. Except as otherwise required by law,
Kootenay expressly disclaims any obligation or undertaking to
release publicly any updates or revisions to any such statements to
reflect any change in Kootenay's expectations or any change in
events, conditions or circumstances on which any such statement is
based.
Cautionary Note to US Investors: This news
release may contain information about adjacent properties on which
we have no right to explore or mine. We advise U.S. investors that
the SEC's mining guidelines strictly prohibit information of this
type in documents filed with the SEC. U.S. investors are cautioned
that mineral deposits on adjacent properties are not indicative of
mineral deposits on our properties. This news release may contain
forward-looking statements including but not limited to comments
regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential
mineral recovery processes, etc. Forward-looking statements address
future events and conditions and therefore involve inherent risks
and uncertainties. Actual results may differ materially from those
currently anticipated in such statements.
This press release uses the terms "Measured", "Indicated",
and "Inferred" resources. United
States investors are advised that while such terms are
recognized and required by Canadian regulations, the United States
Securities and Exchange Commission does not recognize them.
"Inferred Mineral Resources" have a great amount of uncertainty as
to their existence, and as to their economic and legal feasibility.
It cannot be assumed that all or any part of an Inferred Mineral
Resource will ever be upgraded to a higher category. Under Canadian
rules, estimates of Inferred Mineral Resources may not form the
basis of feasibility or other economic studies. United States investors are cautioned not to
assume that all or any part of Measured or Indicated Mineral
Resources will ever be converted into Mineral Reserves.
United States investors are also
cautioned not to assume that all or any part of a Mineral Resource
is economically or legally mineable.
James McDonald, CEO and President
at +1-403-238-6986; Ken Berry,
Chairman at +1-604-601-5652, 1-888-601-5650; or visit:
http://www.kootenaysilver.com