Kootenay Provides Update on Santa Lucia Gold Property
Thursday, December 9th, 2010
Kootenay Gold Inc. (TSX VENTURE: KTN.V) and Copper Creek Gold Corp. (TSX VENTURE: CPV.V) are pleased to provide an update on the current exploration plans for the Santa Lucia Gold Project in the State of Sonora, Mexico.
Recently, representatives from Kootenay Gold, and its option partner Copper Creek met in Ciudad Obregon, Mexico. The team travelled to the Santa Lucia site, inspected old workings, and conducted reconnaissance prospecting on the Santa Lucia North project. A number of grab samples were taken and submitted to ALS Chemex Labs in North Vancouver, British Columbia, for analysis. Various exploration strategies were discussed and plans for the 2011 exploration program were finalized.
The comprehensive exploration program of the Santa Lucia Gold Project will begin in late January, 2011. Detailed mapping and mechanical trenching will begin at the La Fortuna zone where high grade gold values have been uncovered on surface from highly silicified quartz veins and stockwork to the west of old artisanal mining pits. This trenching will help to establish specific drill targets in the La Fortuna area.
Subsequently, plans to mobilize a drill to the property is anticipated to begin March 2010 to target the high grade La Fortuna area, as well as to test CSAMT (Controlled-Source Audio-Frequency Magneto-Telluric) and IP resistivity anomalies that were discovered by Cominco Ltd. in the 1990’s. These anomalies remain untested, and underlie surface gold mineralization for approximately 4km.
An independent consulting geologist has been retained by Copper Creek to produce an NI 43-101 compliant report on the Santa Lucia Gold Property as required by the TSX Venture Exchange.
Copper Creek may earn an undivided 60% interest in the Santa Lucia Gold Property from Kootenay Gold by spending $2,000,000.00 on exploration and making various cash and share payments over a four year period.