KTRI Reports on Drill Results from the Two Times Fred Property

Associated Press

30-04-2025

VANCOUVER, BC / ACCESS Newswire / April 30, 2025 / Kootenay Resources Inc. (TSXV:KTRI) (the 'Company' or 'KTRI') reports on drill assays from review of $4.0 million dollars of work conducted on Two Times Fred, Nechako Plateau Region, British Columbia, as disclosed in the news release of March 27, 2025.
Dale Brittliffe P.Geo., VP of Exploration says 'This epithermal vein system has excellent prospects for a significant gold discovery. Drilling to date has clearly defined a range of mineralized targets to follow up. The vein system is large, measuring at least 3.5 km x 2km. All veins encountered are anomalous in gold and silver and the prevalence of outcropping sinter rock (hot springs related silica) indicates the mineralized system is almost entirely preserved from erosion. The last hole, 2XF-22-0041, was the best to date with no other holes completed within 300m in either direction on the Saki vein'
The continuing review of exploration conducted on the system reveals:
Click to view images of drill plan with vein traces, drill collar plan with airphoto, and drill plan and aeromagnetics.
Key features of the principal mineralized veins are summarized below, a table of compiled drill highlights follows. All drill assays quoted are core length, drawn from both Kootenay and Centerra datasets. Data from all drilling programs quoted were subject to industry standard QA-QC protocols.
The North-Northeast Trending Veins:
Borrow Pit Vein
Saki Vein
2XF-19-05
Section 2XF-15- 01, 02, 07, 08
Section 2XF-19-02
Section 2XF-21-0041
Section 2XF-21-0015, 0016, 450 meters north of 2XF-22-0041.
Hidden Hand Vein(s)
The Northeast Trending Veins:
Gold Hill Vein
Section with 2XF 15-03, 04 and 21-0036
Section with 2XF-15-05, 06; 150 meters from Section 2XF 15-03, 04
Shinju Vein
Section 2XF-0021- 0024, 0030
Section 2XF-21-0025, 0028, 0029, 0031 and 0032
Section 2XF-21-0033
Section 2XF-21-0018, 0019, 0020
Other veins or vein trends include 'Shochu' vein intercepted in the northernmost reconnaissance hole on the property to date, RC drill hole 2XF-22-RC003. Additional targets or trends are indicated by mineralized rock chip outcrops to the west and 800 meters east of Gold Hill Vein. It is probable further exploration work will reveal more veins.
A tabulation of drilling results from three drilling campaigns since 2015 is shown below. Drill holes 2XF-15-01 to 08 and 2XF-19-01 to 05 represent early tests of surface anomalies conducted by Kootenay Resources in 2015 and 2019. Subsequent drilling, 2XF-21-0014 to 0041 were compiled from database received from Centerra. Exploration work completed by that company is well documented in publicly available BC Assessment report #41144. Data were collected to industry standard QA-QC protocols and are considered representative of the tenor of the veins tested by this work.
1 quoted intervals are core length. Estimated true widths are between 65% and 85% of downhole lengths
The current review of Two Times Fred, including almost 10,000 meters of drilling data indicate that the vein occurrences on the property are located within an area measuring in excess of 3km by 1.5km. Airborne magnetic data show good correlation between interpreted vein structures and drilling intercepts and are expected to assist guiding of subsequent drill testing. KTRI will continue to update on the data review as it prepares plans for the project.
Two Times Fred is the discovery and recognition of an epithermal vein system made over several years. The property was first drilled by Kootenay in 2015 with a small follow up program in 2019. Further drilling conducted by Centerra under earn-in option during 2021-2022 added a total of 28 diamond holes and 6 RC holes for 8,328.5 meters and 965 meters respectively.
Background
Kootenay Resources Inc's stated mission is the discovery a Tier One deposit and as such KTRI focuses on those areas with demonstrated geologic potential for such deposits. The Company is exploring its flagship Moyie Anticline property in southern British Columbia and on its generative program including several promising gold-silver-copper properties in the Nechako plateau of central British Columbia. Kootenay Resources Inc. welcomes partners for exploration projects and currently has one mineral property under option to Centerra Gold (KB) Inc., and three projects under option to fellow junior exploration company Rokmaster Resources Corp.
Qualified Persons
The KTRI technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed and approved on behalf of Kootenay by Dale Brittliffe, P.Geo, V.P. Exploration for Kootenay, a Qualified Person.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Kootenay Resources Inc.
KTRI is an exploration company actively engaged in the exploration and discovery mineral projects in British Columbia, Canada. The Company was formed as a spin-out of Kootenay Silver Inc in which prospective Canadian assets were transferred to Kootenay Resources Inc. The transaction was completed in October of 2021, Kootenay Silver currently holds 5.4 million common shares of Kootenay Resources.
On behalf of the board of directors of the Company:
James McDonald,
Director
For additional information, please contact:
James McDonald, Director at 403-880-6016
Raj Kang, Director at 604-601-5650
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
The information in this news release has been prepared as at April 29, 2025. Certain statements in this news release, referred to herein as 'forward-looking statements', constitute 'forward-looking statements' under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as 'expected', 'may', 'will' or similar terms.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by KTRI as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as otherwise required by law, KTRI expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in KTRI's expectations or any change in events, conditions or circumstances on which any such statement is based.
2025 number 04
SOURCE: Kootenay Resources Inc.
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