F E B R U A R Y / M A R C H 2 0 1 5
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13
Fruta del Norte
One of the largest and highest grade
undeveloped gold projects in the world
lundingold.com
A New Flagship Gold Company
TSX, OMX: LUG
equivalent of 0.41% over 78 metres.
The 2014 drilling demonstrated the
continuity of mineralization between the
two areas of mineralization referred to as
the East and West zones. Further explora-
tion is planned.
KOOTENAY SILVER INC. [KTN-TSXV]
While Kootenay Silver Inc. has defined 92
million measured and indicated ounces of
silver equivalent, plus 24 million ounces
inferred, at its past-producing, flagship
Promontorio Project in Sonora, Mexico,
the company has also made a new discov-
ery at the La Negro property 6.5 km north
of Promontorio.
In spring 2014, Kootenay Silver carried
out a trenching and chip sampling program
at La Negra. Assays returned consistent
grades of widespread silver mineraliza-
tion over an area 100 to 200 metres by 500
metres. This led to a drill program in fall
2014. The first seven holes of the Phase I
program intercepted substantial grades of
silver mineralization.
Highlights from the drilling La Negra
include 1,337.66 g/t silver over 6 metres,
420.34 g/t over 50 metres, 467.77 g/t over
18 metres. These are only a few of many
excellent assays. A total of 25 holes for
3,173 metres of drilling have been com-
pleted along a 400-metre strike length.
Silver mineralization is exposed at surface
and is shown to extend to a vertical depth
of at least 190 metres.
Drilling has confirmed high-grade, near
surface, silver mineralization that would
be amenable to a low cost open pit min-
ing operation. A follow-up drill program
is under way and a resource calculation is
planned in mid 2015.
Kootenay Silver has two more discover-
ies on the Nechako Plateau, central British
Columbia. Exploration over the past two
work seasons discovered two new pre-
cious metal mineral systems called the Fox
and Two Times Fred. At the Fox property,
there are gold and silver values in surface
grab samples up to 32 g/t gold and 6,049
g/t silver. At the Two Times Fred property,
composite grab samples averaged 0.388
grams gold/tonne with all samples averag-
ing 0.318 g/t gold.
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