Kootenay Silver's strategy has been to build a company incorporating both the property ownership dilution business model and share dilution model. They have several projects joint ventured with other junior explorers who pay costs for exploration and issue KTN shares in their company while Kootenay has retained 100% ownership of their flag ship Mexican property - the advanced stage Promontorio silver project.
The 25,000-meter drill program now in progress on Kootenay's Promontorio Silver Project represents the single largest and most expansive drilling campaigns conducted on Promontorio to date. The objective of the program is to substantially build on and expand the existing NI 43-101 silver resource identified on the project by AGP Mining Consultants in 2010. Two diamond drill rigs are currently operating on Promontorio and are focused on the numerous medium to high-grade silver intercepts identified across the project's 1 kilometer strike length.
Currently the project hosts an NI 43 101 compliant resource containing 8.9 million indicated ounces of silver plus 1.17 million ounces of inferred silver, 99.3 million indicated pounds of lead plus 13.4 million inferred pounds of lead and 110.8 million indicated pounds of zinc plus 14.3 million inferred pounds of zinc.
Kootenay Silver Inc. has filed a technical report prepared in accordance with National Instrument 43-101 in support of the company's May 14, 2013, news release, which announces an updated mineral reserve estimate at its Promontorio silver project in Sonora, Mexico.
The independent technical report, entitled, "NI 43-101 Technical Report on Resources, Promontorio, Mexico," dated May 24, 2013, effective date of March 31, 2013, was prepared by SRK Consulting (U.S.) Inc. of Lakewood, Colo. The technical report was authored by Allan V. Moran, CPG, BSc, RGeol; Frank Daviess, FAusIMM, RM-SME; and Eric Olin, MSc, MBA, RM-SME, all qualified persons as defined by and independent of Kootenay for the purposes of NI 43-101 requirements, and who have prepared or supervised the preparation of the scientific and technical information contained herein. The technical report is available on SEDAR and will be available on the company's website.
The foregoing geological disclosure has also been reviewed and verified by Kootenay's chief executive officer, James McDonald, PGeo (a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects). Mr. McDonald is a director of Kootenay.