Kootenay Gold Inc: Discovery, Growth And Vast Opportunity

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Overview

Kootenay Gold Inc. is an exploration and mining Company focused on the exploration and development of its top priority Promontorio Silver Project situated within the mineral rich Sierra Madre trend of Mexico. Encouraging results from Phase I & II drilling on the Promontorio suggests the possible existence of a large Porphyry system similar to major producing deposits within the region.

Kootenay has raised ~$24 million over the past 20 months. The treasury remains strong throughout current market conditions, enabling management to fast track exploration at Promontorio, expand its current drill program to 45,000 meters and continue working for 2-3 years without need of further financing.

What we like about Kootenay Gold!

  • 45,000 Meter Drill Program
  • Mineralization up to 950 g/t Silver over 18.4 meters
  • Good cash position, no debt
  • History of production back to early 1900’s

Chief Property

Promontorio Silver Project, Sonora, Mexico

For Kootenay, the milestone acquisition of the Promontorio Silver project represents the culmination of over 2 years of intense negotiating with former property holders and the Mexican Ministry of Mines.

Cash and equity commitments exceeding $2million secured the right to a 100% registered and beneficial interest in the highly sought after Promontorio project, which consists of contiguous claims covering a total area of approximately 90,000 hectares.

The Promontorio contains a documented silver dominant polymetallic deposit and is currently being explored using modern exploration methods.

Setting the stage for advanced exploration and development

Kootenay has completed Phase I and II exploration programs, consisting of; an airborne geophysical survey, ground geophysics, geological mapping, till sampling, prospecting along cut grid lines, 3D IP Survey and more than 10,000 meters of detailed drilling.

Drilling continues to encounter 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. The mineralized zone tested to date covers approximately 10% of the 3D IP Geophysical target which comprises a large “L” shaped area of chargeability, with one “arm” measuring 1.6 km and the other 900 meters, and with widths ranging from 250 to 600 meters.

These results indicate that the individual Breccias drilled in the first phase are part of a single, large mineralized system with distinct characteristics indicative of a porphyry system.

Accordingly, drill data suggests the Promontorio may contain a deposit of larger scale and scope than previously conceived. Based on data received through Induced Polarization, the potential to locate new areas of similar mineralization is considered excellent.

Kootenay is currently engaged in an assertive Phase III drill program which entails a full 35,000 meter study -with results being released on a consistent basis.

Generative Exploration & Joint Venture Partnerships

Kootenay’s experienced exploration team has made multiple exploration discoveries during the last four years in the Rossland Republic Trend of British Columbia and the Sierra Madre Trend of Mexico. The company’s portfolio includes seven properties in Canada and more than 500,000 hectares containing 30 priority targets in Mexico.

To maximize Kootenay’s exposure to new discoveries and fast-track development, the company has entered into a number of key joint ventures. The most advanced being the Jumping Josephine where drilling has defined a gold bearing structure 900 m long by 12m width by 225m depth which is open in all directions. In addition to maximizing exploration expenditures, these strategic partnerships serve to minimize dilution for shareholders as the Company advances its flagship Promontorio Silver project.

Management

  • James M. McDonald, PGeo – President& CEO
    Co-founded and successfully developed Black Bull Resources, National Gold (merged w/Alamos Gold) and White Knight Resources. Mr. McDonald continues to serve on the board of Alamos Gold Inc. and Genco Resources Ltd.
  • Kenneth E. Berry, BComm – Chairman& Director
    Served as an investment adviser, advertising executive and managing director of corporate communications for public companies which have raised in excess of $250 million.
  • Richard W. Hughes – Director
    Involved in the discovery of some of the largest Canadian gold mines, including the Golden Giant/Hemlo mine, the Sleeping Giant Mines and the former Balmoral Mines which produced an aggregate of 450,000 oz of gold per year.
  • Joseph Giuffre, BA LLB – Director
    Has over 25 years of combined experience in business and legal matters, and has a transaction-based practice in the areas of corporate finance, securities and corporate and commercial, project finance, and mergers and acquisitions. Mr.Guiffre has extensive experience acting for Canadian public companies, many of which have progressed from private start-up companies to publicly listed emerging companies on several markets.
  • Dr. Tom Richards, BSc – Vice President of Exploration
    An accomplished author and co-author of numerous publications involved in the science of Geology through central British Columbia. Dr. Richards has conducted exploration with Noranda, Falconbridge, Teck, Newmont and Union Carbide.
  • Dr. Tony Starling, BSc PhD – Regional Target Generation
    Dr. Starling has been instrumental in the discovery of several new ore bodies throughout Mexico. Specifically, he has applied his distinguished mesothermal /orogenic gold systems studies to discoveries in districts such as Charcas, San Martin and Taxco.
  • Rajwant Kang, CMA – Chief Financial Officer & Corporate Secretary
    Since receiving his business and finance accreditation, Mr. Kang has held various senior financial positions within private and public companies including, Gryphon Gold, Star Shipping and Steppe Gold. He brings a varied knowledge of finance, accounting and public markets. Mr Kang holds a Certified Management Accountant designation.

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Share Information

Share Structure

Shares Outstanding: 80,607,838
Options: 4,200,000
Warrants: 13,054,349
Fully Diluted: 98,574,267
Current Cash: ~$12 million
Stock Exchange: TSX.V : KTN

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