Kootenay Silver announces 30,000 meter, multi-phase drill and resource expansion program officially underway on Promontorio Silver Project
Wednesday, Nov 28, 2012
Kootenay Silver Inc. (TSX VENTURE: KTN.V) ("Kootenay") is pleased to announce drilling has commenced on its 30,000 meter, multi-phase drill and resource expansion program on its flagship Promontorio Silver Project in Sonora, Mexico. At present, two core rigs are operating on the project with a third rig currently in transit to the property.
States Kootenay CEO James McDonald, "We are very pleased and excited to announce our aggressive, multi-phase drill and resource expansion program on the Promontorio Silver project is underway. Due to the accelerated nature of the program, shareholders can expect a steady stream of upcoming drill results coming from the Promontorio camp, as the resource expansion program ramps up over the coming weeks and months."
In conjunction with the multi-phase drill and resource expansion program, the Company reports it is currently finalizing the expansion of its on-site camp facilities at Promontorio to accommodate the recent increase in camp personnel and work force. Additions to the 2-shift, 24 hour per day fully serviced camp include the final construction of new air-conditioned bunk houses and a fully equipped medical room.
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.
Source: Kootenay Silver Inc.