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Kootenay Reports Multiple Porphyry Gold-Copper Targets Interpreted from Airborne Magnetic and Radiometric Survey Data at Cervantes Project, Mexico - Under Option to Aztec Minerals
Kootenay Reports Multiple Porphyry Gold-Copper Targets Interpreted from Airborne Magnetic ...
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[{"type":"text","content":"\n\n\n\nKootenay Reports Multiple Porphyry Gold-Copper Targets Interpreted from Airborne Magnetic and Radiometric Survey Data at Cervantes Project, Mexico - Under Option to Aztec Minerals\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, April 16, 2019\n\n\n\nVANCOUVER, April 16, 2019 /CNW/ - Kootenay Silver Inc.  (TSXV: KTN) (the \"Company\" or \"Kootenay\") is pleased to report that Aztec Minerals Corp. (\"Aztec Minerals\") today announced interpretation of the recently completed airborne magnetic and radiometric survey data has interpreted multiple high-quality undrilled porphyry gold-copper targets on the Cervantes property in Sonora, Mexico. \n\n \n \n\n \nThe Cervantes Property is held under an earn-in option to agreement whereby Aztec Minerals can acquire up to 100% interest in the property in two stages, with Kootenay retaining a 2.5 % NSR and receiving a payment of US$5.00 per ounce or gold equivalent based on a NI 43-101 Resource Estimate. See Kootenay news release dated October 13, 2015.\nEleven target zones were confirmed by the airborne geophysical surveys, as can be seen on the magnetic and radiometric maps (map #1, map #2) and the four main targets are summarized below:\nCalifornia is flanked by a substantial magnetic high on the east side, two magnetic anomalies on the southeast side, and sits in a lower magnetic embayment where the strongest alteration and mineralization were mapped, sampled and drilled by Aztec. The phyllic-argillic alteration is thought to have destroyed any magnetite in the QFP, typical of mineralized porphyry systems. There are no magnetic rocks on the surface nor in the drill core, thus the adjacent large-scale magnetic high is interpreted to be a larger intrusion, possibly with potassic-magnetite alteration. The IP chargeability high related to sulfide mineralization correlates well with both magnetic lows and highs and the resistivity high correlates to magnetic highs typically associated with intrusions. The strong chargeability high and strong magnetic high are both appea...