Proactiveinvestors Australia
Kootenay Silver
www.kootenaysilver.com/
Kootenay Silver Inc is a success driven exploration company; focused on the aggressive development of its flagship Promontorio Silver Project in Sonora State, Mexico. Kootenay has drilled over 67,000 meters through several individual campaigns at Promontorio over 5 years and recently reported a significant increase in the size of Promontorio’s Measured and Indicated mineral resources (August 21, 2012). The updated NI 43-101 Measured and Indicated resource contains an estimated 61,679,000 oz AgEq with another 14,469,000 oz AgEq categorized as Inferred. Two diamond drill rigs are currently operating on Promontorio with plans to ramp up to 5 drills in order to quickly advance through the current 30, 000 meter program and embark on its first PEA study.
Kootenay’s 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. The Company's objective is to develop near term discoveries and long term sustainable growth.
Kootenay Silver News
Archive16/05/13
Kootenay Silver approaches 100 mln ounce mark with new resource at Promontorio project01/05/13
Kootenay Silver sees Agnico-Eagle take near 10% stake through $4.75 mln non-brokered financing24/04/13
Kootenay Silver sees Agnico-Eagle take near 10% stake through $4.75 mln non-brokered financing05/04/13
Kootenay Silver commissions consulting firm for updated Promontorio resource estimate15/03/13
Kootenay Silver hits up to 246 g/t AgEq in new zone at Promontorio silver project
Presentations & Company Media
Related Research & Media
Company Statement:
Kootenay Silver is actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. The Company’s flagship property is the former producing Promontorio Silver mine in Sonora State, Mexico. Encouraging results from ~67,000 meters of drilling at Promontorio suggests the possible existence of a Diatreme hosted silver, lead, zinc system. Two diamond drill rigs are currently operating on Promontorio with plans to add another three as KTN continues to advance through the 30,000 meter drill program underway.
Current Operations:
Promontorio Silver Project,Sonora, Mexico
Setting the stage for advanced exploration and development
Acquisition of rich Promontorio Silver Project
For Kootenay, the milestone acquisition of the Promontorio Silver project represents the culmination of over 2 years of intense negotiating with former property holders and the Mexican Ministry of Mines. Cash and equity commitments exceeding $2million secured the right to a 100% registered and beneficial interest in the highly sought after Promontorio project, which consists of contiguous claims covering a total area of approximately 79,000 hectares.
Drilling Underway
Kootenay has completed several exploration programs, consisting of; an airborne geophysical survey, ground geophysics, geological mapping, till sampling, prospecting along cut grid lines, 3D IP Survey and more than 67,000 meters of detailed drilling.
Drilling encounted wide to moderate intervals of high-grade silver-gold polymetallic breccias in a porphyry breccia setting. Mineralization remains open to the West, North, East and to depth.
Next phase of drilling
Follow-up program plans will reflect results from both the resource calculation and the assessment of look-alike anomalous zones. The possibilities include: another phase of drilling to increase the resource size; a phase of drilling testing look-alike targets for new mineralized zones, find a partner to advance to feasibility or some combination. We stress until the current work is done and we are not committed to any specific option and some new ones could arise. [READ MORE]
For full drill results of the Promontorio project please CLICK HERE
For details on Kootenay's joint ventures please CLICK HERE
For details on further exploration possibilities please CLICK HERE
Management
Kootenay Silver's management team has a proven record of discovering and developing mineral deposits throughout North America. The geological team of Jim McDonald, Dr. Tom Richards, Dick Whittington, Jon Morda and Brian Groves has been instrumental in advancing numerous mines into production. In addition, the wealth of knowledge and experience in mergers, acquisition and finance by Ken Berry, Raj Kang, David Farrell and Joe Giuffre compliment Kootenay's management team.
| James M. McDonald, PGeo President & CEO Co-founded and successfully developed Black Bull Resources, National Gold (merged w/Alamos Gold) and White Knight Resources. Mr. McDonald continues to serve on the board of Alamos Gold Inc. Mr. McDonald, P. Geo., is the company's qualified person under National Instrument 43-101. |
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Kenneth E. Berry, B.Comm Chairman & Director Served as an investment adviser, advertising executive and managing director of corporate communications for public companies which have raised in excess of $300 million. |
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Brian Groves, BSc Geophysics Director Brian has worked in the mining and exploration industries for more than 29 years. A graduate of The University of Sydney, Australia, Brian began his career in exploration as a geophysicist in Australia and North America. He has been involved in exploration for coal, gold, base metals and diamonds with junior, mid-tier and major companies such as AMAX Minerals, Noranda and Placer Dome where he served for 12 years ending as a Manager of Corporate Development, Canada. |
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Dick Whittington, P.Eng Director Mr. Whittington is a professional mining engineer, with a degree from the Royal School of Mines in the United Kingdom. Dick's career spans 35 years with major mining companies companies in Canada, Panama and Australia. His experience encompasses senior engineering and management roles for several large-scale mine development projects which includes numerous feasibility studies, mine evaluations, mine development, production, mergers and acquisitions and over $1 billion of major corporate financings. |
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Jon Morda, CA Director Mr. Morda brings Kootenay over 20 years of experience in the mining industry, having served as Chief Financial Officer for several mineral exploration and gold producing companies. As a senior executive, Mr. Morda is highly adept in all areas of strategic corporate planning, operations, budgeting, accounting and taxation functions. |
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Dr. Tom Richards, BSc, PhD Vice President of Exploration An accomplished author and co-author of numerous publications involved in the science of Geology through central British Columbia. Dr Richards was a Research Scientist with the Geological Survey of Canada during the 1970's doing regional mapping in British Columbia. He conducted regional exploration in Canada, United States and Mexico to the early 1990's as an independent geologist/prospector with Junior and Major mining companies (including Teck, Inco, Esso, Newmont, Falconbridge and Union Carbide) and throughout NW Argentina until 2007. He has been involved with Kootenay Gold in Mexico from 2007 to present. |
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Joseph Giuffre, BA LLB Director Has over 25 years of combined experience in business and legal matters, and has a transaction-based practice in the areas of corporate finance, securities and corporate and commercial, project finance, and mergers and acquisitions. Mr.Guiffre has extensive experience acting for Canadian public companies, many of which have progressed from private start-up companies to publicly listed emerging companies on several markets. |
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Rajwant Kang, CMA Chief Financial Officer & Corporate Secretary Mr. Kang has over 18 years of financial experience and has held various senior financial positions within public and private companies including, Salares Lithium, Gryphon Gold, Star Shipping and Steppe Gold. He brings a extensive knowledge of finance, accounting and public markets. Mr. Kang holds a CMA designation obtained in Canada and an HND in Business and Finance, obtained in the UK. |
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Mitzi Mogden Corporate Communications Mitzi is a communications and marketing professional with extensive experience in investor relations. Since joining Kootenay in 2007; the implementation of her corporate communications strategy has played a significant role in developing shareholder awareness. |
Major Shareholders
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Listed on TSX Venture Exchange Tier 1 (KTN.V)
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Share Structure Current as of October 31st, 2012
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· Shares Issued: |
56,488,850 |
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· Warrants: |
12,070,100 |
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· Options: |
3,079,750 |
Contact Information
Canada
Kootenay Gold Inc.
Suite 1820 - 1055 W. Hastings St.
Vancouver, British Columbia
Canada V6E 2E9
604-601-5650
1-888-601-5650
FAX: 604-683-2249
Mexico
Kootenay Gold Inc.
Francisco Gonzalez Bocanegra No. 91
Alvarado y Yocupicio
C.P.83150 Col. Periodista,
Hermosillo, Sonora
Mexico
Corporate Information
Corporate Registered Office:
Axium Law Corporation
Suite 3350, Four Bentall Centre
1055 Dunsmuir Street
PO Box 49222
Vancouver, British Columbia
Canada V7X 1L2 Auditor:
Meyers Norris Penny LLP
Chartered Accountants and Business Advisors
2300 - 1055 Dunsmuir Street
Vancouver, British Columbia
Canada V7X 1J1
Corporate Counsel:
Canada
Axium Law Corporation
Suite 3350, Four Bentall Centre
1055 Dunsmuir Street
PO Box 49222
Vancouver, British Columbia
Canada V7X 1L2
Mexico
Larios, Rodríguez del Bosque, de Buen y Cornu
Insurgentes Sur 800-15
Col. del Valle
Mexico, D.F.
C.P., 03100
Mexico
Transfer Agent:
Computershare Investor Services Inc.
510 Burrard Street 3rd Floor
Vancouver BC
Canada V6C 3B9
Additional Information
| Market: | TSX-V |
| Sector: | General Mining |
| EPIC: | KTN |
| Latest Price: | 0.77
(4.05%  ) |
| 52-week High: | 1.25 |
| 52-week Low: | 0.63 |
| Market Cap: | 48.31M |
