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Kootenay Silver Inc
Symbol KTN
Shares Issued 194,916,856
Close 2018-04-23 C$ 0.175
Market Cap C$ 34,110,450
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Kootenay Ag drills 160 m of 0.77 g/t Au at Cervantes

2018-04-24 11:07 ET - News Release

Mr. James McDonald reports

KOOTENAY REPORTS DRILLING INTERSECTS 0.77 GPT GOLD OVER 160.0 METERS INCLUDING 1.04 GPT GOLD OVER 80.0 METERS AT CERVANTES GOLD PROPERTY, SONORA, MEXICO

Aztec Minerals Corp. has released the results of three additional holes from its phase I drill program totalling 3,000 metres, currently under way at Kootenay Silver Inc.'s Cervantes gold project, located in Sonora state, Mexico.

Drilling by Aztec Minerals continues to intersect long intervals of porphyry-type gold (copper, silver) mineralization on the California target. Recent results are highlighted by drill hole 18CER010, which intersected 160.0 metres grading 0.77 gram per tonne gold, 0.125 per cent copper and 3.4 g/t silver, including a higher-grade intercept assaying 1.04 g/t gold, 0.11 per cent copper and 4.0 g/t silver over 80.0 m starting at a down hole depth of 4.0 m.

A map of the drill area is available on-line.

The Cervantes property is held under an earn-in option agreement whereby Aztec Minerals can acquire up to a 100-per-cent interest in the property in two stages, which would leave Kootenay with a 2.5-per-cent net smelter returns royalty and a payment of $5 (U.S.) per ounce of gold equivalent based on a National Instrument 43-101 resource estimate. See Kootenay news release dated Oct. 13, 2015.

                       DRILL RESULTS 

Hole ID   From      To   Interval    Gold   Copper   Silver
            (m)     (m)        (m)   (g/t)      (%)    (g/t)

9            0    56.0       56.0    0.20     0.04      1.5
             0   104.0      104.0    0.16     0.03      1.2
10           0   160.0      160.0    0.77     0.13      3.4
           4.0    84.0       80.0    1.04     0.11      4.0
          30.0    58.0       28.0    1.77     0.13      5.8
          42.0   118.0       76.0    0.78     0.20      3.8
         140.0   144.0        4.0    5.56     0.08      3.6
11           0   166.0      166.0    0.28     0.09      2.4
           6.5    25.5       19.0    0.47     0.03      3.7
          92.5   156.0       63.5    0.36     0.09      2.2

Notes: Drill holes were oriented to cross the most prominent 
structures seen in outcrops, so core lengths reflect the 
approximate interpreted true width of the California zone 
mineralization. One sample in hole 18CER010 had a value of 
183.8 g/t silver but was capped at 20.5 g/t silver by 
statistical analysis. No other sample results required capping.

Sampling and quality assurance/quality control

All core samples were split in half, placed into plastic bags, labelled with the sample number, closed with zip ties and placed in rice sacks by Aztec Minerals. Samples were typically collected in 2.0-metre intervals with occasional exceptions of 2.1 m to 4.35 m intervals due to lower core recovery. Blanks, duplicates and three different certified standards were inserted into the sample stream and subsequently reviewed without any outliers or abnormal results. The samples were delivered to Bureau Veritas Laboratories in Hermosillo and analyzed for gold using a 30-gram sample by fire assay fusion with AAS finish. Samples were shipped to Vancouver and analyzed with a 0.25 g sample using four-acid ICP-MS providing analysis on 36 elements.

Qualified persons

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 on behalf of Kootenay by James McDonald, PGeo, president, chief executive officer and director for Kootenay.

About Kootenay Silver Inc.

Kootenay Silver is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre region of Mexico and in British Columbia, Canada. Supported by one of the largest portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora state and Chihuahua state, Mexico, respectively.

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