Kootenay Commissions a Preliminary Economic Assessment on La Cigarra Silver Deposit and Continues to Aggressively Drill Columba
Original announcement by tmx on
- Company
- Kootenay Silver Inc.
- Ticker
- KTN
- Exchange
- TSX
- Region
- Chihuahua, Mexico
- Primary commodity
- Silver
- Secondary commodities
- Gold, Lead, Zinc
- Document categories
- Resource update, Economic study
- Extracted
- 2026-09-18 06:58:53 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Kootenay Silver Inc. has commissioned a Preliminary Economic Assessment (PEA) for its La Cigarra silver deposit in Chihuahua, Mexico. The company is also conducting an aggressive 50,000-meter drilling program at the Columba deposit to expand its silver resource.
Reasoning: The company is advancing its La Cigarra project by commissioning a PEA, supported by a substantial silver-equivalent resource, while simultaneously drilling to expand the Columba deposit.
Positive factors
- Commissioning of PEA for La Cigarra
- High-grade silver resource (102 g/t)
- Significant silver-equivalent scale (60.56 Moz M+I)
- Aggressive drilling program at Columba
Negative factors
- Resource is a restatement of 2024 data (historical context)
Facts used in scoring: 5
Classification and evidence
PEA Onlyneutral
Only Class 4 / Initial Assessment economics available. Not bankable.
Why it applies: The company has commissioned a Preliminary Economic Assessment (PEA) for the La Cigarra deposit.
Evidence · text
“engaged engineering firms Sacré-Davey Engineering Inc. ("Sacré-Davey") and Canenco Consulting Corp. ("Canenco") to conduct a Preliminary Economic Assessment ("PEA") on its La Cigarra Silver deposit”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The resource estimate is prepared in accordance with NI 43-101 standards.
Evidence · text
“The Mineral Resource Estimate was estimated by Allan Armitage, Ph.D., P. Geo. of SGS Geological Services and is an independent Qualified Person as defined by NI 43-101.”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Allan Armitage, PhD, P.Geo is named as the independent Qualified Person.
Evidence · text
“The Mineral Resource Estimate was estimated by Allan Armitage , PhD., P.Geo. of SGS Geological Services, and is an independent Qualified Person as defined by NI 43-101.”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The resource is reported at a base case cut-off grade of 50 g/t AgEq.
Evidence · text
“Mineral resources are reported at a base case cut-off grade of 50 g/t AgEq.”
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: The resource estimate effective date is November 29, 2023, which is over two years prior to the publication date.
Evidence · text
“The effective date for the Updated Mineral Resource Estimate is November 29, 2023.”
Extracted facts
Stored fact records: 4. Some facts used in scoring do not have a stored record.
Resource Estimates (4)
indicatedLa Cigarra · silverTonnes: 13650000Grade: 102Grade Unit: g/tContained Metal: 44.66Contained Unit: mozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- La Cigarra
- Commodity
- silver
- Region
- mexico
- Reported Region
- Chihuahua, Mexico
- Ticker
- KTN
Resource scope
- Estimate type
- resource
- Effective date
- 2023-11-29T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage
- Resource group id
- resource:22a6aa8a8c3931ec8ac0
- Deposit or zone
- La Cigarra
- Mining method
- open_pit
- Material type
- undisclosed
Resource Data
- Category
- indicated
- Tonnes
- 13650000
- Grade
- 102
- Grade Unit
- g/t
- Contained Metal
- 44.66
- Contained Unit
- moz
- Cutoff Grade
- 50
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2023-11-29
Metal Equivalent
- Metal Eq. Grade
- 120
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-01-25T00:00:00.000Z
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: Significant silver-equivalent resource reported, but it is a restatement of a 2024 estimate.
Positive factors
- Large silver resource
Negative factors
- Historical data
Evidence · table
“102”
Context: 13.65
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.1 years before this release
indicatedLa Cigarra · goldTonnes: 13650000Grade: 0.07Grade Unit: g/tContained Metal: 29.6Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- La Cigarra
- Commodity
- gold
- Region
- mexico
- Reported Region
- Chihuahua, Mexico
- Ticker
- KTN
Resource scope
- Estimate type
- resource
- Effective date
- 2023-11-29T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage
- Resource group id
- resource:22a6aa8a8c3931ec8ac0
- Deposit or zone
- La Cigarra
- Mining method
- open_pit
- Material type
- undisclosed
Resource Data
- Category
- indicated
- Tonnes
- 13650000
- Grade
- 0.07
- Grade Unit
- g/t
- Contained Metal
- 29.6
- Contained Unit
- koz
- Cutoff Grade
- 50
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2023-11-29
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-01-25T00:00:00.000Z
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: Significant silver-equivalent resource reported, but it is a restatement of a 2024 estimate.
Positive factors
- Large silver resource
Negative factors
- Historical data
Evidence · table
“0.07”
Context: 13.65
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.1 years before this release
indicatedLa Cigarra · leadTonnes: 13650000Grade: 0.16Grade Unit: %Contained Metal: 47.3Contained Unit: mlbsHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- La Cigarra
- Commodity
- lead
- Region
- mexico
- Reported Region
- Chihuahua, Mexico
- Ticker
- KTN
Resource scope
- Estimate type
- resource
- Effective date
- 2023-11-29T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage
- Resource group id
- resource:22a6aa8a8c3931ec8ac0
- Deposit or zone
- La Cigarra
- Mining method
- open_pit
- Material type
- undisclosed
Resource Data
- Category
- indicated
- Tonnes
- 13650000
- Grade
- 0.16
- Grade Unit
- %
- Contained Metal
- 47.3
- Contained Unit
- mlbs
- Cutoff Grade
- 50
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2023-11-29
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-01-25T00:00:00.000Z
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: Significant silver-equivalent resource reported, but it is a restatement of a 2024 estimate.
Positive factors
- Large silver resource
Negative factors
- Historical data
Evidence · table
“0.16”
Context: 13.65
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.1 years before this release
indicatedLa Cigarra · zincTonnes: 13650000Grade: 0.21Grade Unit: %Contained Metal: 63.6Contained Unit: mlbsHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- La Cigarra
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Chihuahua, Mexico
- Ticker
- KTN
Resource scope
- Estimate type
- resource
- Effective date
- 2023-11-29T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage
- Resource group id
- resource:22a6aa8a8c3931ec8ac0
- Deposit or zone
- La Cigarra
- Mining method
- open_pit
- Material type
- undisclosed
Resource Data
- Category
- indicated
- Tonnes
- 13650000
- Grade
- 0.21
- Grade Unit
- %
- Contained Metal
- 63.6
- Contained Unit
- mlbs
- Cutoff Grade
- 50
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2023-11-29
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-01-25T00:00:00.000Z
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: Significant silver-equivalent resource reported, but it is a restatement of a 2024 estimate.
Positive factors
- Large silver resource
Negative factors
- Historical data
Evidence · table
“0.21”
Context: 13.65
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.1 years before this release
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.