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Kootenay Gold extends Southwest Zone at Promontorio by 100 metres

Kootenay Gold (CVE:KTN) announced Thursday the results of an additional six diamond drill holes from an ongoing 25,000-metre drill program at its Promontorio silver project in Sonora State, Mexico, extending mineralization down dip and along strike.

Three drill rigs are active on the property, with two performing step-out work to the southwest and northeast of the pit resource. The third rig is conducting step-out drilling in the Northeast Zone.

Assays from hole DH-062-11, located in the Southwest and Pit Zone area, showed significant potential for new resources at depth, the company said, and extended mineralization 100 metres further down dip from previously released hole DH-061-11, which returned 96 grams per tonne (g/t) silver equivalent over 182 metres.

Notable results from DH-062-11 found 92 metres grading 56 g/t silver, 1.03% lead, and 1.08% zinc, including five metres at 174 g/t silver, 3.03% lead, and 1.69% zinc.

Drill hole DH-067-11, also in the Southwest and Pit Zone area, returned 41 metres at 58 g/t silver, 0.89% lead, and 1.52% zinc, including 14 metres at 123 g/t silver, 1.88% lead, and 3.26% zinc. This hole also returned 45 metres grading 28 g/t silver, 0.41% lead, and 0.46% zinc, including five metres at 66 g/t silver, 1.03% lead, and 1.28% zinc, effectively extending the Pit mineralization between 75 and 100 metres further along strike into the Southwest zone.

Also in this area, hole DH-057-11 returned five metres at 486 g/t silver, 2.5% lead, and 1.98% zinc, including 31 metres at 44 g/t silver, 0.69% lead, and 1.05% zinc; and hole DH-064-11, which hit shallow mineralization, returned 39 metres grading 51 g/t silver, 0.7% lead, and 0.87% zinc, including 80 g/t silver, 1.02% lead, and 1.32% zinc over 19 metres.

President and CEO, James McDonald, commented: "We continue to hit excellent intervals and grades of silver mineralization at depth in the Pit Resource, to the southwest and to the northeast.

"Moreover, assays show excellent continuity of silver mineralization between the Pit Resource and the Southwest Zone, further supporting the company's resource expansion model that the SW Zone and Pit Resource form one large and continuous zone."

At the Northeast Zone, highlights included hole DH-065-11, which hit five separate intercepts, including 20 metres at 47 g/t silver, 0.34% lead, and 0.83% zinc, and 10 metres grading 69 g/t silver, 0.39% lead, and 0.84% zinc. Eight metres of 109 g/t silver, 1.25% lead, and 1.82% zinc was also intersected.

Drill hole DH-069-11, also in the Northeast, returned 33 g/t silver, 0.11% lead, and 0.18% zinc over 23 metres, 157 g/t silver, 1.57% lead, and 1.25% zinc over one metre, and seven metres grading 49 g/t silver, 0.99% lead, and 0.85% zinc.

"The first follow up holes to PC 28, Northeast of the Pit Resource, intercepted multiple zones of silver mineralization including medium to high-grades in the Northeast Zone . . . which is double the strike length of Promontorio's established NI 43-101 Pit Resource," McDonald concluded.

Kootenay said future drilling at Promontorio will continue on step-out and in-fill drilling, concentrated along a one-kilometre long corridor, which includes the Pit Resource, the Pit NE zone, the Northeast zone and the Southwest zone.