Kootenay-Aztec Joint Venture Plans Two Phase Exploration Program At Cervantes Gold-Copper Project

VANCOUVER – Kootenay Silver Inc. reported that an exploration program has been approved by the Cervantes Joint Venture. The plan calls for a two-phase exploration program in 2021 for the Cervantes porphyry gold-copper property in Sonora, Mexico. The first phase calls for a program of sampling and mapping. The second phase is a drilling program to start sometime in the fall. Aztec and Kootenay recently formed a 65/35 joint venture (JV) respectively and the JV Management Committee met last week to review and approve the 2021 program as detailed by the operator.

The JV plans to commence work in the first quarter on a Phase 1, program of soil and rock sampling and geological mapping (525 soils and 150 rocks will be analyzed) to extend the 100 meter (m) by 100m geological and geochemical grid to the north, west and east boundaries of the property. Mapping will focus on detailed lithological, structural, and alteration mapping of the California, California North, and Estrella targets.

Subject to the results from Phase 1 and available funding, the JV plans to initiate a Phase 2, 22 hole, 5,000m reverse circulation (RC) drill program during the late third quarter of 2021. Four main targets will be tested.

The primary objectives of the two phase 2021 exploration program are to better define the open pit, heap leach gold potential of the porphyry oxide cap at California, evaluate the potential for deeper copper-gold porphyry sulfide mineralization underlying the oxide cap, test for north and west extensions of the California mineralization at California North and Jasper, and assess the breccia potential of Purisima East.