Thursday, April 30, 2009

Kootenay Gold Inc. KTN.v: Promontorio Surface Sampling Confirms Mineralization for 1000 Meters; Grading Up to 45.6 gpt Gold & 298 gpt Silver. KTN.v,

"Drilling encounted wide to moderate intervals of high-grade silver-gold polymetallic breccias in a porphyry breccia setting. Results received to date report 36 holes, 20 of which intersected significant precious and base metal mineralization starting from surface and extending to depth. Highlights included 18.4 meters grading 950 g/t and 151 meters grading 162 g/t silver-equivalent. Dimensions of the Discovery Zone tested to date are approximately 200 meters by 300 meters in plan by 440 meters vertically. Mineralization remains open to the West, North, East and to depth."
Kootenay Gold KTN.v is another forgotten story by Mr Market: Junior with cash (16mil as of end 2008) and expanding mineralisation at Promontorio Silver/Gold project in Mexico is still on Xmas sale. Company has a number of other J/V projects and reporting "that drilling confirms widespread high grade mineralisation". Last Autumn Kootenay was talking about Promontorio as a 100+ MOZ Silver target.

Corporate profile.

On Wednesday April 29, 2009, 11:20 am EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 29, 2009) - Kootenay Gold Inc. ("Kootenay") (TSX VENTURE:KTN - News) is pleased to announce surface sampling confirms mineralization discovered in the Dorotea Structure in drill holes DDH 55 to 57 continues for more than 1000 meters. The Dorotea Structure projects into the Pit Discovery area some 1600 meters to the southeast of the drill holes.
Mineralization is found in three different exposed areas along the trend of the structure grading up to 45.6 grams per tonne gold and 298 grams per tonne silver in a grab sample 800 meters to the northwest of the drill discovery and 90 meters southeast of the drill discovery values to 12.1 grams per tonne gold and 587 grams per tonne silver were encountered (see attached map). Results contained herein are from select grab samples taken from outcrops while exploring for the surface extensions of the drill intercepts.
Jim McDonald, CEO of Kootenay commented, "Results at Promontorio continue to be very encouraging and indicate the newly discovered Dorotea Structure is mineralized along at least 1000 meters of its length. Drill results in the Dorotea structure further underscore its potential. Drilling encountered 34.5 meters grading 1.73 grams per tonne gold, 74.83 grams per tonne silver and 2.4% Pb+Zn in KP 56 and 6.0 meters grading 5.92 grams per tonne gold, 167.20 grams per tonne silver and 1.625 Pb+Zn in KP 55" (see news release dated February 5, 2009 for full results).
A 2000 meter trenching program is currently underway. This program is intended to expose the Dorotea structure in numerous places along its strike extension with the objective of determining continuity and width of mineralization between outcrops. Several other mineralized zones identified in the Promontorio discovery area will also be trenched (See news release dated July 17, 2008 describing zones A to N). Results of this program will be incorporated into the drill, geochemical and geophysical data and used to set specific drill targets for the next drill program.

Table. Map

The foregoing geological disclosure has been reviewed and verified by Kootenay's CEO, James McDonald, P.Geo (a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects). Mr. McDonald is a director of the Company.
All samples were placed and sealed with tape into a plastic rock sample bag. Each sample was labeled and catalogued and delivered to ALS Chemex's preparation laboratory in Hermosillo, Sonora Mexico where pulps are made of each sample which were then sent to the ALS Chemex laboratory in North Vancouver, B.C. Canada. Each sample was analyzed with a multi acid digestion ICP AES (Plasma Emission Spectroscopy). Samples with precious metals exceeding the upper detection limit of the ICP AES are analyzed again using fire assay methods with either atomic absorption, emission spectroscopy or gravimetric finishes for gold and silver. Base metals exceeding upper limits are reanalyzed using a four acid ore grade analysis. All samples referred to herein are grab samples. ALS Chemex is an internationally recognized independent laboratory operating to ISO 17025 quality assurance standards.
Kootenay is an emerging exploration Company actively developing mineral projects in British Columbia, Canada and the Sierra Madre Region of Mexico. The Company's top priority remains the ongoing development of its 100% owned Promontorio Silver project, which encompasses the former producing Promontorio Silver Mine in Northwest Mexico.

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