14:42:48 EDT Mon 06 May 2024
Enter Symbol
or Name
USA
CA



Kootenay Zinc Corp
Symbol ZNK
Shares Issued 22,064,294
Close 2017-04-11 C$ 0.315
Market Cap C$ 6,950,253
Recent Sedar Documents

ORIGINAL: Kootenay Zinc offers technical details about Sully

2017-04-11 17:12 ET - News Release

Received by email:

File: Kootenay Zinc Corp. News Release.April E1 Updates. April 11 2017.pdf

                                 KOOTENAY ZINC CORP.
                 Suite 800-1199 West Hastings Street Vancouver, B.C. V6E 3T5

             KOOTENAY ZINC CORP. "LOCKED-ON" E1 SOUTH TARGET
                          AT THE SULLY PROJECT

Vancouver, Canada, April 11, 2017   Kootenay Zinc Corp. (the "Company") (CSE:ZNK;
OTCQB:KTNNF; FSE:KYH) is pleased to announce that its Sully project team has now completed
a detailed interpretation of recent gravity work focused on the Sully E1 anomaly. That work
included equivalent mass modeling with particular emphasis on the southern portion of the anomaly
(now named "E1S"). Importantly, the work highlights a distinct drill target located immediately
south of recently completed holes SY16-10 and SY17-11.

The geophysical interpretation has greatly benefited from increased and closer spaced gravity
stationing that has provided better definition of the anomaly. The new modeling also shows how
and where the previous drill holes missed the E1S target as we know it now. The new close spacing
of gravity field stations at E1S made it possible to generate three dimensional equivalent mass
models for the first time on any of the anomalies at Sully. The E1S model indicates the mass has a
strike length of about 150 metres and that it is truncated at its north and south ends. It also shows
that the target extends from a depth of approximately 70m to 270m below surface   but the target
may well continue to depths below 270m.

The truncated north and south ends of the E1S mass model are generally square, implying fault cut-
offs, and that it was once part of a larger continuous mass. This is consistent with previous news
describing observed complexity of drill core as a result of faulting (and folding) in the zone of
interest.

It should be noted that the E2, E3 and E4 gravity anomalies (described in previous news) each have
greater magnitudes and larger footprints than E1, but were discovered more recently in the project
history. It is hypothesized that these anomalies were once all connected and as such may be related
to a Sullivan-like mineralized system that has been dissected by local faulting. New gravity
surveying with tighter station spacing will be completed over these anomalies such that three-
dimensional mass modeling can be completed on all of the EAST targets. Excel Geophysics will
mobilize a field crew to the site within the coming days to commence this work.

New drill targeting at E1S is intended to provide proof-of-concept, specifically that the gravity
masses indicated are caused by massive sulphides. If successful, drilling will be expanded to test
all of the EAST anomalies once their mass models are completed. The Sully project team is excited
to test and determine the composition of these gravity masses. FB Drilling of Cranbrook, BC will
mobilize to the site on or before April 19, 2017 and the Company will provide updates as the work
progresses.

About the Company

Kootenay Zinc Corp. is a mineral exploration and development company based in Vancouver,
British Columbia that is presently targeting the Sully Property. The Company is focused on
discovering large-scale sedimentary-exhalative ("SEDEX") deposits.

The Sully Property comprises 1,375 hectares located approximately 30 kilometres east of
Kimberley, B.C., and overlies rocks of similar age and origin as those which host the world-class
Sullivan deposit, owned by Teck Resources Ltd. Sullivan was discovered in 1892, and is known to
 be one of the largest SEDEX deposits in the world. Over its 100-year lifetime, Sullivan produced
approximately 150 million tonnes of ore, including approximately three hundred million ounces of
silver, eight million tonnes of zinc and eight million tonnes of lead. The equivalent level of strata
as at Sullivan and that formed on the margin of that same basin are present at the Sully Property.
The Company cautions that past results or discoveries on proximate land are not necessarily
indicative of the results that may be achieved on the Sully Property.

The scientific and technical information contained in this news release has been reviewed and
approved by the Company's Project Manager, Paul Ransom, P.Geo., a "Qualified Person" as
defined in National Instrument 43-101   Standards of Disclosure for Mineral Projects.

KOOTENAY ZINC CORP.

Per:
        Hugh Rogers
        Director
        info@kootenayzinc.com

Forward Looking Information

This news release includes certain statements that constitute "forward-looking information" within
the meaning of applicable securities law, including without limitation, statements that address the
Sully Property, comments regarding the timing and content of upcoming work programs,
geological interpretations, costs and timing of future exploration and development, requirements
for additional capital, other statements relating to the financial and business prospects of the
Company. Forward-looking statements address future events and conditions and are necessarily
based upon a number of estimates and assumptions. These statements relate to analyses and other
information that are based on forecasts of future results, estimates of amounts not yet determinable
and assumptions of management. Any statements that express or involve discussions with respect
to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or
performance (often, but not always, using words or phrases such as "expects" or "does not expect",
"is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating
that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur
or be achieved), and variations of such words, and similar expressions are not statements of
historical fact and may be forward-looking statements. Forward-looking statement are necessarily
based upon a number of factors that, if untrue, could cause the actual results, performances or
achievements of the Company to be materially different from future results, performances or
achievements express or implied by such statements. Such statements and information are based
on numerous assumptions regarding present and future business strategies and the environment in
which the Company will operate in the future, including the price of zinc and other metals,
anticipated costs and the ability to achieve goals. While such estimates and assumptions are
considered reasonable by the management of the Company, they are inherently subject to
significant business, economic, competitive and regulatory uncertainties and risks. Forward-
looking statements are subject to a variety of risks and uncertainties, which could cause actual
events, level of activity, performance or results to differ materially from those reflected in the
forward-looking statements, including, without limitation: (i) risks related to zinc, base metal and
other commodity price fluctuations; (ii) risks and uncertainties relating to the interpretation of
exploration results; (iii) risks related to the inherent uncertainty of exploration and cost estimates
and the potential for unexpected costs and expenses; (iv) that resource exploration and development
is a speculative business; (v) that the Company may lose or abandon its property interests or may
fail to receive necessary licences and permits; (vi) that environmental laws and regulations may
 become more onerous; (vii) that the Company may not be able to raise additional funds when
necessary; (viii) the possibility that future exploration, development or mining results will not be
consistent with the Company's expectations; (ix) exploration and development risks, including
risks related to accidents, equipment breakdowns, labour disputes or other unanticipated difficulties
with or interruptions in exploration and development; (x) competition; (xi) the potential for delays
in exploration or development activities or the completion of geologic reports or studies; (xii) the
uncertainty of profitability based upon the Company's history of losses; (xiii) risks related to
environmental regulation and liability; (xiv) risks associated with failure to maintain community
acceptance, agreements and permissions (generally referred to as "social licence"); (xv) risks
relating to obtaining and maintaining all necessary government permits, approvals and
authorizations relating to the continued exploration and development of the Company's projects;
(xvi) risks related to the outcome of legal actions; (xvii) political and regulatory risks associated
with mining and exploration; (xix) risks related to current global financial conditions; and (xx)
other risks and uncertainties related to the Company's prospects, properties and business strategy.
These risks, as well as others, could cause actual results and events to vary significantly. There can
be no assurance that planned exploration will be completed as proposed or at all, or that economic
resources will be discovered or developed at the Sully Property. Accordingly, actual results may
differ materially from those currently anticipated in such statements. Factors that could cause actual
results to differ materially from those in forward looking statements include, but are not limited to,
continued availability of capital and financing and general economic, market or business conditions,
the loss of key directors, employees, advisors or consultants, equipment failures, failure of
counterparties to perform their contractual obligations and fees charged by service providers.
Investors are cautioned that forward-looking statements are not guarantees of future performance
or events and, accordingly are cautioned not to put undue reliance on forward-looking statements
due to the inherent uncertainty of such statements. The forward-looking statements included in this
news release are made as of the date hereof and the Company disclaims any intention or obligation
to update or revise any forward-looking statements, whether as a result of new information, future
events or otherwise, except as expressly required by applicable securities legislation. Neither the
Canadian Securities Exchange nor its regulation services provider accepts responsibility for the
adequacy or accuracy of this news release.
 

File: Kootenay Zinc Corp. News Release.April E1 Updates. April 11 2017.docx

KOOTENAY ZINC CORP.
Suite 800-1199 West Hastings Street Vancouver, B.C. V6E 3T5

KOOTENAY ZINC CORP. "LOCKED-ON" E1 SOUTH TARGET 
AT THE SULLY PROJECT

Vancouver, Canada, April 11, 2017 - Kootenay Zinc Corp. (the "Company") (CSE:ZNK; OTCQB:KTNNF; FSE:KYH) is pleased to 
--->announce that its Sully project team has now completed a detailed interpretation of recent gravity work focused on the
---> Sully E1 anomaly. That work included equivalent mass modeling with particular emphasis on the southern portion of the
---> anomaly (now named "E1S"). Importantly, the work highlights a distinct drill target located immediately south of rece
--->ntly completed holes SY16-10 and SY17-11.

The geophysical interpretation has greatly benefited from increased and closer spaced gravity stationing that has prov
--->ided better definition of the anomaly. The new modeling also shows how and where the previous drill holes missed the E
--->1S target as we know it now. The new close spacing of gravity field stations at E1S made it possible to generate three
---> dimensional equivalent mass models for the first time on any of the anomalies at Sully. The E1S model indicates the m
--->ass has a strike length of about 150 metres and that it is truncated at its north and south ends.  It also shows that 
--->the target extends from a depth of approximately 70m to 270m below surface - but the target may well continue to depth
--->s below 270m.

The truncated north and south ends of the E1S mass model are generally square, implying fault cut-offs, and that it wa
--->s once part of a larger continuous mass.  This is consistent with previous news describing observed complexity of dril
--->l core as a result of faulting (and folding) in the zone of interest. 

It should be noted that the E2, E3 and E4 gravity anomalies (described in previous news) each have greater magnitudes 
--->and larger footprints than E1, but were discovered more recently in the project history. It is hypothesized that these
---> anomalies were once all connected and as such may be related to a Sullivan-like mineralized system that has been diss
--->ected by local faulting. New gravity surveying with tighter station spacing will be completed over these anomalies suc
--->h that three-dimensional mass modeling can be completed on all of the EAST targets. Excel Geophysics will mobilize a f
--->ield crew to the site within the coming days to commence this work.

New drill targeting at E1S is intended to provide proof-of-concept, specifically that the gravity masses indicated are
---> caused by massive sulphides. If successful, drilling will be expanded to test all of the EAST anomalies once their ma
--->ss models are completed. The Sully project team is excited to test and determine the composition of these gravity mass
--->es. FB Drilling of Cranbrook, BC will mobilize to the site on or before April 19, 2017 and the Company will provide up
--->dates as the work progresses.

About the Company

Kootenay Zinc Corp. is a mineral exploration and development company based in Vancouver, British Columbia that is pres
--->ently targeting the Sully Property. The Company is focused on discovering large-scale sedimentary-exhalative ("SEDEX")
---> deposits. 

The Sully Property comprises 1,375 hectares located approximately 30 kilometres east of Kimberley, B.C., and overlies 
--->rocks of similar age and origin as those which host the world-class Sullivan deposit, owned by Teck Resources Ltd. Sul
--->livan was discovered in 1892, and is known to be one of the largest SEDEX deposits in the world. Over its 100-year lif
--->etime, Sullivan produced approximately 150 million tonnes of ore, including approximately three hundred million ounces
---> of silver, eight million tonnes of zinc and eight million tonnes of lead. The equivalent level of strata as at Sulliv
--->an and that formed on the margin of that same basin are present at the Sully Property. The Company cautions that past 
--->results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Sul
--->ly Property.
 
The scientific and technical information contained in this news release has been reviewed and approved by the Company'
--->s Project Manager, Paul Ransom, P.Geo., a "Qualified Person" as defined in National Instrument 43-101 - Standards of D
--->isclosure for Mineral Projects.  

KOOTENAY ZINC CORP. 

Per:  
Hugh Rogers
Director
info@kootenayzinc.com 

Forward Looking Information  

This news release includes certain statements that constitute "forward-looking information" within the meaning of appl
--->icable securities law, including without limitation, statements that address the Sully Property, comments regarding th
--->e timing and content of upcoming work programs, geological interpretations, costs and timing of future exploration and
---> development, requirements for additional capital, other statements relating to the financial and business prospects o
--->f the Company. Forward-looking statements address future events and conditions and are necessarily based upon a number
---> of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts o
--->f future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express
---> or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumption
--->s or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect
--->", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain a
--->ctions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved), and variations o
--->f such words, and similar expressions are not statements of historical fact and may be forward-looking statements. For
--->ward-looking statement are necessarily based upon a number of factors that, if untrue, could cause the actual results,
---> performances or achievements of the Company to be materially different from future results, performances or achieveme
--->nts express or implied by such statements. Such statements and information are based on numerous assumptions regarding
---> present and future business strategies and the environment in which the Company will operate in the future, including
---> the price of zinc and other metals, anticipated costs and the ability to achieve goals. While such estimates and assu
--->mptions are considered reasonable by the management of the Company, they are inherently subject to significant busines
--->s, economic, competitive and regulatory uncertainties and risks. Forward-looking statements are subject to a variety o
--->f risks and uncertainties, which could cause actual events, level of activity, performance or results to differ materi
--->ally from those reflected in the forward-looking statements, including, without limitation: (i) risks related to zinc,
---> base metal and other commodity price fluctuations; (ii) risks and uncertainties relating to the interpretation of exp
--->loration results; (iii) risks related to the inherent uncertainty of exploration and cost estimates and the potential 
--->for unexpected costs and expenses; (iv) that resource exploration and development is a speculative business; (v) that 
--->the Company may lose or abandon its property interests or may fail to receive necessary licences and permits;  (vi) th
--->at environmental laws and regulations may become more onerous;  (vii) that the Company may not be able to raise additi
--->onal funds when necessary; (viii) the possibility that future exploration, development or mining results will not be c
--->onsistent with the Company's expectations; (ix) exploration and development risks, including risks related to accident
--->s, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration and 
--->development; (x) competition; (xi) the potential for delays in exploration or development activities or the completion
---> of geologic reports or studies; (xii) the uncertainty of profitability based upon the Company's history of losses; (x
--->iii) risks related to environmental regulation and liability; (xiv) risks associated with failure to maintain communit
--->y acceptance, agreements and permissions (generally referred to as "social licence"); (xv) risks relating to obtaining
---> and maintaining all necessary government permits, approvals and authorizations relating to the continued exploration 
--->and development of the Company's projects; (xvi) risks related to the outcome of legal actions; (xvii) political and r
--->egulatory risks associated with mining and exploration; (xix) risks related to current global financial conditions; an
--->d (xx) other risks and uncertainties related to the Company's prospects, properties and business strategy. These risks
--->, as well as others, could cause actual results and events to vary significantly. There can be no assurance that plann
--->ed exploration will be completed as proposed or at all, or that economic resources will be discovered or developed at 
--->the Sully Property. Accordingly, actual results may differ materially from those currently anticipated in such stateme
--->nts. Factors that could cause actual results to differ materially from those in forward looking statements include, bu
--->t are not limited to, continued availability of capital and financing and general economic, market or business conditi
--->ons, the loss of key directors, employees, advisors or consultants, equipment failures, failure of counterparties to p
--->erform their contractual obligations and fees charged by service providers. Investors are cautioned that forward-looki
--->ng statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue relia
--->nce on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements i
--->ncluded in this news release are made as of the date hereof and the Company disclaims any intention or obligation to u
--->pdate or revise any forward-looking statements, whether as a result of new information, future events or otherwise, ex
--->cept as expressly required by applicable securities legislation. Neither the Canadian Securities Exchange nor its regu
--->lation services provider accepts responsibility for the adequacy or accuracy of this news release.







© 2024 Canjex Publishing Ltd. All rights reserved.