The Agreement allows Kootenay full surface access to the land that covers the gold and silver epithermal vein system discovered by Kootenay as well as surrounding exploration potential at Copalito. The Agreement also allows the Company to conduct exploration activities including but not limited to mapping, sampling, geophysics, trenching and drilling.
Kootenay is currently in the process of filing necessary permit applications with the government to conduct a maiden drill program, with the expectation of permits being issued by the end of the year. The Company has retained the services of an environmental consultant to assist in and expedite the process. Updates on permitting and the proposed drilling program for Copalito will be reported in future news releases.
Copalito covers a gold and silver epithermal vein system comprised of numerous veins, with individual veins currently traced over strike lengths of up to two (2) kilometers. Veins vary in width from 0.5 to 15 meters at the surface. Exploration efforts by the Company to date have been focused on six (6) known principal veins discovered by Kootenay, with results previously reported over the past year (see Company’s news releases dated July 19 and September 20, 2018, January 21 and April 10, 2019).
Copalito Sampling Highlights:
- 7.2 gpt gold and 3,770 gpt silver in grab samples from 5 Senores and Agua Veins, respectively;
- 8.2 gpt gold including 583 gpt silver over a 1.1-meter chip sample across the 5 Senores Vein;
- 401 gpt silver including 0.24 gpt gold in a chip sample across 5.3 meters on 5 Senores Vein;
- 532 gpt silver over 3.0 meters and 306 gpt silver over 4.9 meters chip sampled across Agua Vein;
- 17.45% zinc, 9.89% lead, 76 gpt silver and 0.52 gpt gold in a grab sample taken at Pillar Vein; and
- Copper values of 5.1%, 1.6 % and 1.5% taken from the northern area of the Property along the Cobriza Vein
Copalito Geology
Mineralization is hosted within classic low sulfidation epithermal quartz and rare calcite veins. Multiple mineral events are evidenced by banded mineralized textures, multiple cross-cutting veins/veinlets, laminated banding of chalcedonic and crystalline quartz, sulfide replacement and infillings of breccia matrix. Sulfide content is generally low but does range to 20% or more in hand samples. Sulfides and their oxide equivalents include fine-grained pyrite, black and yellow sphalerite, galena, chalcopyrite and silver sulphosalts. Some zonation is becoming apparent with veins in the northeast being higher in gold and base metals and those in the south being high in silver and low in base metals.
Source: www.newswire.ca
