Kootenay Zinc (ZNK.C) pushed exploration ahead at its Sully property located approximately 30 kilometres east of Kimberley, British Columbia, when the company announced today that it had received an updated gravity model for the project.
According to the news release, the updated model incorporates new data acquired in 2016 and was completed by Excel Geophysics.
The model focuses on the E1 target area and will assist in planning new drill holes.
Now that the model has been reviewed by the project team, new drill sites have been determined to test the E1 target.
Proposed drill site collar locations are in an area that was logged in 2013 and have easy access and minimal potential for disturbance.
The company expects drilling will recommence shortly once the amendments to permits are received and the drilling contractor can mobilize to site.
Senior Technical Advisor to Kootenay, Dr. David Broughton, commented, “The coincidence of multiple large gravity anomalies with strata of Sullivan-equivalent time makes the Sully project very compelling. The project team has progressed its geophysical exploration and drilling in a systematic, thoughtful and efficient way, and appears to be closing-in on discovering the source of the gravity anomalies.”
The release went on to state that Dr. Broughton has received 300,000 incentive stock options pursuant to Kootenay’s 10% incentive stock option plan. All options are vested on the date of grant, and are exercisable for a two-year period at a price of $0.60 per common share.
FULL DISCLOSURE: Kootenay Silver is an EQUITY.GURU client.