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    KTN   CA5005837037


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Kootenay Silver Inc. Announces Multiple High-Grade Drill Results from Three Holes Intercepting D Vein Located on Columba High-Grade Silver Project in Chihuahua State, Mexico

11/03/2021 | 07:30am EST

Kootenay Silver Inc. announced multiple high-grade drill results from three holes intercepting the D Vein located on the Columba High-Grade Silver Project in Chihuahua State, Mexico. The D Vein is situated approximately 600 meters southwest from the F Vein where most of the historic production has taken place on the property. Results from the recent drill holes intercepting the D Vein include a high-grade silver intercept grading 13,545 gram-meters in hole CDH-21-110. Gram-meters are defined as grams per tonne multiplied by meters drilled (459 gpt silver times 29.9 meters). This is the second high intercept to date. CDH-21-103 returned the high of 14,652 gram-meters (333 gpt silver times 44 meters). Drill highlights from holes CDH-21-108 to CDH-21-110 are as follows: BDH 21-110: 453 gpt silver over 29.9 meters; including; 650 gpt silver over 17.8 meters; including; 932 gpt silver over 6 meters; and Intercept includes a high of 1,915 gpt silver over 0.85 meters. BDH 21-109: 193 gpt silver over 14.56 meters; including; 294 gpt silver over 7.11 meters; including; 476 gpt silver over 2.31 meters; and Intercept includes a high of 592 gpt silver over 0.75 meters. BDH 21-108: 98 gpt silver over 77 meters; including; 328 gpt silver over 11 meters; including; 504 gpt silver over 5.9 meters; and Intercept includes a high of 1,100 gpt silver over 1.0 meter. All hosted in wide mineralized zone averaging 57 gpt silver over 166 meters. These three holes were completed to follow-up on previous drill results which demonstrated high-grade silver potential within the D Vein. Earlier holes drilled along the D Vein included hole CDH-20-079 returning 525 gpt silver over 1.58 meters within 5.35 meters of 290 gpt silver and hole CDH-19-022 returning 373 gpt silver over 1.5 meters within 6.25 meters of 244 gpt silver. Drill hole CDH-21-110 happens to be the second richest intercept at Columba to date on a gram per meters basis. It is also the deepest drill test on the D Vein to date hitting the vein at about a 1650-meter elevation. Higher silver grades have been typically intercepted at and below this elevation across many of the veins at Columba and these recent results continue to confirm the company's general exploration model. The Columba veins are exposed at the very top of epithermal level and as such management believes what is exposed at surface is only a very small part of whatever was deposited. The D Vein is a good example as values at surface averaged about 100 gpt silver over narrow intervals yet 150 meters vertically below is an intercept of 453 gpt silver over 29.9 meters. Surface mapping has traced the D Vein at surface for at least 500 meters and aerial images indicate it continues beyond that. Drilling has scarcely tested only 180 meters of strike length. Sampling and QA/QC at Columba: all technical information for the Columba exploration program is obtained and reported under a formal quality assurance and quality control program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists and engineers. Samples are then labeled, placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the company to ALS Minerals in Chihuahua. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver, B.C. Systematic assaying of standards, blanks and duplicates is performed for precision and accuracy. Analysis for silver, zinc, lead and copper and related trace elements was done by ICP four acid digestion, with gold analysis by 30-gram fire assay with an AA finish. All drilling reported is HQ core and has been contracted to Globexplore Drilling from Hermosillo, Sonora, Mexico.

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Sales 2020 - - -
Net income 2020 -2,03 M -1,60 M -1,60 M
Net cash 2020 11,3 M 8,90 M 8,90 M
P/E ratio 2020 -
Yield 2020 -
Capitalization 62,5 M 49,2 M 49,1 M
EV / Sales 2019 -
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Nbr of Employees -
Free-Float 88,4%
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James M. McDonald President, Chief Executive Officer & Director
Rajwant S. Kang Chief Financial Officer & Secretary
Kenneth E. Berry Chairman
Brian J. Groves Independent Director
N. Jon Morda Independent Director
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