Kootenay Gold Inc. is developing its major “Promontorio Silver/Gold Project” in Sonora, Mexico. Leveraging CEO Jim McDonald’s Mexican success with Alamos Gold Inc (producer of 150,000 oz Au/yr), Kootenay has made four new gold/silver discoveries and raised ~$24 million in 2008. Results from drilling of 15,000 m (57 holes) indicate similarities to major producing deposits in the area.
The Discovery Zone has identified mineralization ~200 meters by 300 meters in plan by 440 meters vertically, open on three sides and at depth.
Current ~$13.7 million treasury balance ensures an active exploration budget for two years.