Kootenay Commissions Resource Calculation on Promontorio Silver Project; Shares Off 10%
Kootenay Silver Inc. (KTN.V) announced SRK Consulting Inc. (U.S.) of Lakewood, Colorado has been commissioned to provide an updated, independent resource calculation on the company's flagship Promontorio Silver Project in Sonora, Mexico.
The company reports the decision to include gold assay results in the updated resource estimation follows extensive metallurgical testing and technical analysis by ALS Minerals of Kamloops, British Columbia that confirmed up to 94.5% recovery of gold from pyrite concentrates from the Promontorio resource can be achieved using a post pressure oxidation treatment process.
Kootenay recently concluded through metallurgical testing and technical analysis that the gold contained within the Promontorio diatreme system can be effectively recovered following a pressure oxidation process.
At present, three core drills are operating on Promontorio. The current 30,000 metre, multi-phase drill and resource expansion program is the largest and most expansive drilling campaign conducted on the Promontorio Silver Project to date.
KTN shares were down seven cents to $0.62 on volume of 44,000.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.