Issue link: http://resourceworld.uberflip.com/i/107613
IRR and ROI in Promontorio. Assuming a cut-off grade of 15.00 g/t silver equivalent (AgEq), there are 36,108,000 t grading an average of 51.35 g/t AgEq classified as measured and indicated resources, with an additional 9,136,000 t grading an average of 42.86 g/t AgEq classified as an inferred mineral resource. The accomplishments of the company stem from strong leadership and exceptional management. President of Kootenay Silver, James McDonald, is extremely familiar with the geology of Sonora, Mexico. McDonald has executed over nine years of successful exploration campaigns that indicated the potential of silver-leadzinc targets in Sonora. This included overseeing the merger of National Gold, that he co-founded, with Alamos Minerals to form Alamos Gold, a major gold producer in the northern state of Mexico. He continues to serve on the Alamos board and technical committee. In addition, McDonald also served as President of Genco Resources during the operation of the La Guitarra silver mine in Mexico. The success of Promontorio property stems from a collective effort emphasizes McDonald. "It is immensely satisfying," he states, "to see the hard work and diligence of our entire team on the ground and in the office be rewarded by such an excellent result." In addition he looks toward the potential of the property, "the resource areas remain open in multiple directions and have the potential to materially increase in size yet again. The next steps will be to aggressively pursue the expansion of these resources through drilling and to advance geotechnical, engineering, groundwater and environmental studies to be incorporated into assessing the economic viability of the project." To date, Kootenay Silver has spent more than six years and over $35 million developing its Promontorio Silver Project. With a host of exciting plans now in place for the 2013 exploration season, it will be interesting to see if the company's Promontorio Silver Project can finally reach the level of potential that Kootenay's management and geological team, led by McDonald, has steadfastly believed in from the outset. n february 2013 TSX: ELG Production, Development and Growth Elgin Mining is a Canadian based company focused on production at the Bjorkdal Gold Mine in Sweden, which has produced 1,060,000 ounces in the last 24 years, and the exploration and development of the Lupin gold Mine and Ulu gold project, both located in the Nunavut Territory, Canada. Elgin Mining also selectively reviews opportunities to add advanced stage development projects to its portfolio. The Company has a strong balance sheet, generates significant cash flow from gold sales, and remains un-hedged. #201 – 750 West Pender Street Vancouver, BC V6C 2T8 Tel: 604-682-3366 Email: info@elginmining.com Website: www.elginmining.com www.resourceworld.com 77