Kootenay Silver Inc. Announces Maiden Resource Estimate for Columba Silver Project with 54 Million Ounces
- Kootenay Silver Inc. reports a maiden Mineral Resource Estimate of 54 million ounces of silver at the Columba Project.
- The resource estimate indicates a significant average silver grade of 284 grams per tonne and includes lead and zinc values.
- Kootenay plans an extensive drilling campaign to expand and define resources at the Columba Silver Project further.
Kootenay Silver Inc. Unveils Maiden Mineral Resource Estimate for Columba Silver Project
Kootenay Silver Inc. announces a significant milestone with the maiden Mineral Resource Estimate for its 100%-owned Columba Silver Project located in Chihuahua, Mexico. This assessment reveals a total of 54 million ounces of silver at an impressive grade of 284 grams per tonne (gpt). The publication of these findings marks an essential step in establishing the Columba project as a notable player in the silver exploration and development sector. Kootenay's President & CEO, James McDonald, expresses optimism about the resource's potential, emphasizing that much of the drilling has been widely spaced, which opens substantial opportunities for both infill drilling and exploration of previously undrilled targets.
The Columba Silver Project's initial underground resource estimate, calculated with a cut-off grade of 150 gpt Ag, considers current metal prices at US$26.00 per ounce, along with various mining and processing costs. This estimate indicates a substantial resource, including 5.92 million tonnes of material with an average silver grade of 284 gpt, leading to an overall silver content of approximately 54 million ounces. Additionally, the resource estimate encompasses lead and zinc values, further enhancing the project's attractiveness to investors and stakeholders in the silver mining industry.
Kootenay Silver plans a robust drilling campaign, with an additional 50,000 meters earmarked for the Columba project. The first phase of this drilling initiative, comprising 20,000 to 30,000 meters, is primarily focused on resource expansion. McDonald praises the team's efforts in achieving this milestone and anticipates that ongoing drilling will further define and potentially increase the resource, particularly in the promising D vein, which is believed to extend vertically nearly double the depth currently explored. This proactive approach positions Kootenay Silver for continued growth and development in the competitive silver mining sector.
In addition to the resource estimate, Kootenay Silver's strategic focus on expanding its drilling efforts underscores the company's commitment to maximizing the potential of the Columba Silver Project. By targeting both infill and exploration drilling, Kootenay aims to enhance the project's overall resource profile and solidify its standing in the silver market.
As Kootenay Silver pushes forward with its ambitious drilling plans, the company remains poised to leverage its current discoveries and explore new opportunities within the Columba project. The results of this initial resource estimate not only validate the exploration efforts to date but also highlight the potential for future growth in one of Mexico's promising silver regions.