Business
Kootenay Regains 100% of Promontorio and La Negra
Kootenay Regains 100% of Promontorio and La Negra Canada NewsWire VANCOUVER, Jun...
About this update from Kootenay Silver Inc.
[{"type":"text","content":"\n\n\n\nKootenay Regains 100% of Promontorio and La Negra\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, June 7, 2019\n\n\n\nVANCOUVER, June 7, 2019 /CNW/ - Kootenay Silver Inc.  (TSXV: KTN) (the \"Company\" or \"Kootenay\") announces that it has received notice from Pan American Silver Corp. (\"Pan American\") relinquishing it right to earn 75% interest in the Promontorio Mineral Belt which includes the Promontorio Resource (\"Promontorio\") and La Negra high-grade silver discovery (the \"Project\"), located in the state of Sonora, Mexico. \n\n \n \n\n \nKootenay President and CEO, James McDonald stated: \"We thank Pan American for the considerable work they have done on the Project, in particular the extensive drilling completed at the La Negra high-grade silver discovery. Combined with the existing large resource base of Promontorio and over US$3.6million in exploration expenditures funded by Pan American in advancing the Project, we are regaining control of 100% of what we consider to be very valuable assets.\"\nThe Company is conducting an internal review of the comprehensive work performed on both La Negra and Promontorio and will plan the next steps for advancing these assets.  Pan American's and Kootenay's drilling results at La Negra established the presence of good silver grades and continuity of silver within a large hydrothermal breccia pipe measuring about 100 to 200 meters wide and 500 meters long at surface.\nThe Company is in the process of receiving and collating data of work performed by Pan American so that it may update its digital data room in response to recent requests from other interested parties to review the project's technical information. \nAbout Promontorio and La Negra High Grade Silver Discovery\nThe Promontorio Resource is situated on the \"Promontorio Mineral Belt\" Property that includes the La Negra silver discovery; located in the state of Sonora, Mexico.  Promontorio is a large bulk tonnage silver resource that currently hosts an estimated 44.5 million tonnes containing 92 million ou...