{"id":1103808,"date":"2019-03-06T23:30:40","date_gmt":"2019-03-06T23:30:40","guid":{"rendered":"http:\/\/www.mining.com\/?p=975263"},"modified":"2019-03-06T23:30:40","modified_gmt":"2019-03-06T23:30:40","slug":"kootenay-silver-nearly-triples-financing-after-acquiring-two-new-projects-in-mexico","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1103808","title":{"rendered":"Kootenay Silver nearly triples financing after acquiring two new projects in Mexico"},"content":{"rendered":"<p>Kootenay Silver\u2019s (TSXV: KTN) stock jumped over 4% after the Canadian junior explorer <a href=\"https:\/\/www.newswire.ca\/news-releases\/kootenay-announces-increase-in-non-brokered-private-placement-and-closing-for-proceeds-of-7-0-million-850675942.html\"  rel=\"noopener\">announced that its non-brokered private placement<\/a> financing, originally for C$2.5 million, closed Wednesday for over C$7 million.<\/p>\n<p>Kootenay is actively engaged in the development of major silver projects in Mexico, including the La Cigarra Silver project in Chihuahua, and the Promontorio and La Negra silver discovery in Sonora. In 2018, the company optioned the high-grade Columba silver project, also in Chihuahua, and the La Mina project in Sonora with Capstone mining. <q class='pullQuote-right'>Historic mining records indicate that up to approximately 100,000 tonnes of silver ore was mined during two different periods dating back to 1900<\/q><\/p>\n<p>The Columba property is a classic epithermal vein system with the potential for the discovery of high-grade silver deposits.\u00a0Historic mining records indicate that up to approximately 100,000 tonnes of silver ore was mined during two different periods dating back to 1900. Mapping and sampling completed by Kootenay of mineralized veins exposed at surface returned grades of up to 692 g\/t silver.<\/p>\n<p>La Mina covers the upper levels of a zoned copper porphyry mineral system exposed over a 2 by 2 kilometer area. La Mina contains a large leached argillized pyritic zone exposed at surface where surface grab and chip samples taken averaged about 300 ppm copper.<\/p>\n<p>&#8220;The successful acquisition of two new projects in 2018 with the potential for the discovery of high-grade silver deposits has generated substantial interest,\u201d Kootenay President &amp; CEO,\u00a0James McDonald\u00a0said in a statement. \u00a0\u201cMoving forward particular focus will be on the Columba property due to the very high grades of silver\u00a0reported from historic mine records. The company is very excited\u00a0about this prospect&#8217;s size potential indicated by numerous undrilled veins as well as the high level of preservation of the system.\u201d<\/p>\n<p>The first modern drill program at Columba is set begin as soon as permits are in hand, which the company expects to be in early April.<\/p>\n<p>&nbsp;<\/p>\n<p>The post <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/kootenay-silver-nearly-triples-financing-acquiring-two-new-projects-mexico\/\">Kootenay Silver nearly triples financing after acquiring two new projects in Mexico<\/a> appeared first on <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/\">MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mapping and sampling completed by Kootenay of mineralized veins exposed at surface returned grades of up to 692 g\/t silver.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/kootenay-silver-nearly-triples-financing-acquiring-two-new-projects-mexico\/\">Kootenay Silver nearly triples financing after acquiring two new projects in Mexico<\/a> appeared first on <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/\">MINING.com<\/a>.<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[404,369],"tags":[25,33,298,76,102],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1103808"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1103808"}],"version-history":[{"count":2,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1103808\/revisions"}],"predecessor-version":[{"id":1103810,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1103808\/revisions\/1103810"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1103808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1103808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1103808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}