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Kootenay Silver Inc. (TSXV: KTN | OTCQX: KOOYF) is a Vancouver-based junior explorer focused exclusively on high-grade silver in Mexico, where it now controls three district-scale assets that together host ~214 Moz Ag-Eq in M&I and ~55 Moz Ag-Eq Inferred across multiple deposits. Its flagship is the 100 %-owned Columba project in Chihuahua, a historic vein camp where 53 km of drilling has delivered a maiden Inferred resource of 5.92 Mt @ 284 g/t Ag (54 Moz Ag) plus lead-zinc credits and highlighted shoot grades locally topping 7.6 kg/t silver. Backstopped by a 24-year surface-access agreement, Columba anchors the company’s current 50 000 m drill campaign aimed at doubling ounces and upgrading them to Indicated for an initial PEA. Kootenay’s pipeline also includes the Promontorio-La Negra silver-gold project in Sonora and the La Cigarra silver resource in Chihuahua, giving it one of the larger undeveloped silver inventories held by a junior in Mexico. A recently upsized C$17.4 million financing funds the next drill phase, but management still must de-risk metallurgy, permitting and dilution to convert its sizable paper ounces into a mine-build story.
In this interview, Kootenay Silver’s CEO, James McDonald, reviewed the maiden inferred resource for the Columba project in Chihuahua, explained why the company upsized its financing to C$17.4 million, laid out a fully funded 50,000-metre drill campaign aimed at doubling resources and completing a PEA in about 18 months, and discussed metallurgy, permitting, community relations, and the potential scale of the system, while briefly touching on other Mexican silver assets.
TL;DR
- 1. Resource
The maiden Columba resource is 54 million ounces of silver grading 282 g/t, based on roughly 53,000 metres of drilling across the D, B corridor, and historic F veins.
– - 2. Financing
An upsized C$17.4 million financing will fund a 50,000-metre program starting in late July 2025, using two to three rigs for 12 to 18 months.
– - 3. Growth
Management aims to grow the resource to about 100 million ounces and deliver a preliminary economic assessment within roughly 18 months.
– - 4. Metallurgy
A 1.7-tonne metallurgical program is targeting ~90 % silver recovery via leach, flotation, and ore-sorting methods, with no major deleterious elements identified to date.
– - 5. Permitting
Drill permits, a 24-year land-access agreement, and good community relations are in place, and an underground mine plan is expected to reduce permitting risk in Mexico.
Kootenay Silver CEO Interview With James McDonald
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