Joint Venture – exploration commeces on Jumping Josephine gold project
Wednesday, June 23rd, 2010
Kootenay Gold Inc. is pleased to announce the commencement of the 2010 summer exploration program on the Jumping Josephine Gold Project, located in southern British Columbia, 20km northwest of the Rossland Mining Camp where historically, 3,000,000 ounces of gold were produced. The program is designed to expand on previous work which delineated a mineralized zone over a strike length of 900m to a depth of 240m returning assays grading up to 12.44g/t gold over 8m (November 29th 2007 news release – estimated true width 5.5m). The summer program will consist of diamond drilling on six targets, 1600 metres of trenching, channel sampling and infill soil sampling on geophysical and geochemical anomalies.
The 2010 Jumping Josephine exploration work program will include;
The 2,500m diamond drill program, scheduled to commence in early July is designed to test several high priority targets including:
• additional mineralized zones along the prolific JJ Main mineralized trend;
• a mineralized stockwork 400m southeast of JJ Main that was discovered in the 2008 drilling program; and
• first-pass drilling at the Bonanza, Highway, Hillside and Big Sheep prospects.
Approximately 1.6km of backhoe trenching currently underway over six prospective gold showings, including Hillside, Highway and Big Sheep. Trenching and rock saw channel sampling is ongoing and the first sample shipment has been submitted for analysis.
Infill and extension soil sampling to extend or delineate anomalies identified during the 2009 surface geochemistry program is underway and approximately 1000 soil samples are planned on 50x50m or 100x100m spaced grids.
Work conducted since 2006 on the project has delineated a gold-bearing quartz stockwork zone 900m long to a depth of 240m with drill intercepts including 7.01 g/t Au over 19m, estimated true width 12.6m, from hole 07JD013 and 12.44 g/t Au over 8m, estimated true width 5.5m, from hole 08JD048 (see July 12th 2007 and Nov 29th 2007 news releases). The JJ Main Zone occurs along a regional-scale structure that extends for over 3km and the current exploration program will test for further mineralized zones along this trend in addition to assessing numerous other gold targets on the 400km2 property through surface geochemistry, trenching and diamond drilling.
A minor portion of the work outlined in this news release was outside the Joint Venture.
Technical details contained in this news release have been reviewed by Dale Brittliffe, P.Geo., a Qualified Person as defined in National Instrument 43-101.
The Jumping Josephine Gold Project is owned 40% Kootenay and 60% Astral Mining (AA: TSX.V). Kootenay entered into an agreement whereby Astral can earn 100% of the project (see news release dated December 12, 2009) by issuing Kootenay 4,000,000 shares of Astral and incurring exploration expenditures of $2,000,000.
Kootenay is an emerging exploration Company actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Numerous joint-venture partnerships maximize the potential for new discoveries. The Company’s top priority remains the ongoing development of its Promontorio Silver project in Sonora State, northwest Mexico, which encompasses the former producing Promontorio Silver Mine.