10:55 AM EDT, 06/27/2024 (MT Newswires) -- Kootenay Silver ( KOOYF ) was at last look on Thursday up near 7% after it said coring is underway with a second drill working at the Columba Project, Chihuahua state, Mexico.

According to statement, current work will extend known limits of "D-Vein" and the second drill is positioned to complement this goal by testing the southeastern extensions of "B-Vein" and "B2-Vein". The second drill will work southeastward along the B-Vein trend toward a priority target zone where surface mapping indicates "D -Vein" and the "B-Vein" trends intersect.

Thursday's statement said the current drilling program is designed to find the strike extent of D-Vein mineralization ahead of infill drilling and a follow-up program of 20,000 meters, to delineate a maiden resource expected in late 2024. The second drill will assist this goal initially before moving on to perform test extensions of other known vein intercepts and also initial tests of promising but as yet undrilled targets, the company said.

Kootenay's President & CEO, James McDonald, added, "We have completed over 30,000 meters of drilling at Columba and are extremely excited to see the project growing in size. We continue to step along D-Vein as a priority, this structure with its high grade and broad mineralized stockwork halo has the potential to contain a significant resource. We are also eager to test our many undrilled targets. The erosion profile at many of these veins has not exposed the top of the mineralized horizon, we need to drill down to the optimal elevation to really see what these structures hold."

Price: 1.11, Change: +0.07, Percent Change: +6.73