Kootenay Gold
TICKER: KTN.TSX.V
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.
During 2008, Kootenay has raised ~$24 million. The treasury remains strong throughout current market conditions, holding ~$19 million in cash, enabling management to fast track exploration at Promontorio and expand its current drill program to 45,000 meters.
Drilling on Promontorio continues to encounter widespread, high-grade mineralization to a depth of 444 metres. The additional 100+ holes will test a large 1.6 km 3D IP Anomaly identified on the project and newly discovered mineralized zones in the surrounding 90,000 hectare property.