12:57 PM EDT, 03/27/2025 (MT Newswires) -- Kootenay Resources ( KTRIF ) on Thursday said it is reviewing over $4.3 million of work carried out on the Two Times Fred Property in central British Columbia while it was under option to Centerra Gold (CG.TO) from 2020 to 2023.

Although the option agreement was terminated in late 2023, the company said the data suggests that "significant potential has been uncovered," and as a result, is planning additional work.

"We are extremely pleased with the progress made by our previous partners at Two Times Fred and thank them for their professional work," said chief executive James McDonald. "Incredibly all veins contain anomalous gold and remain open along strike and to depth. Despite the fact over 40 holes have been drilled, the drill density remains very low as there are so many veins over an extensive area. All the veins drilled require follow up drilling."

Kootenay shares were last seen up $0.005 to $0.065 on the TSX Venture Exchange.

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