# Kootenay Commissions a Preliminary Economic Assessment on La Cigarra Silver Deposit and Continues to Aggressively Drill Columba Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/kootenay-commissions-a-preliminary-economic-assessment-on-la-cigarra-silver-depo--1c6a1a84-5864-443d-bb2f-0bdacd152ded Original source: https://money.tmx.com/en/quote/KTN/news/7092235204366622/kootenay-commissions-a-preliminary-economic-assessment-on-la-cigarra-silver-depo Publisher: tmx Original announcement: 2026-01-20T12:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas 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 factor: Commissioning of PEA for La Cigarra - Positive factor: High-grade silver resource \(102 g/t\) - Positive factor: Significant silver-equivalent scale \(60.56 Moz M+I\) - Positive factor: Aggressive drilling program at Columba - Negative factor: Resource is a restatement of 2024 data \(historical context\) Facts used in scoring: 5 ## Classification and evidence **PEA Only** Polarity: neutral Definition: 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 Compliant** Polarity: positive Definition: 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 Signed** Polarity: positive Definition: 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 Disclosed** Polarity: positive Definition: 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 Estimate** Polarity: negative Definition: 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) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/kootenay-commissions-a-preliminary-economic-assessment-on-la-cigarra-silver-depo--1c6a1a84-5864-443d-bb2f-0bdacd152ded#fact-resource-facts-1) La Cigarra · silver Historical result Needs review: historical\_restatement #### 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 factor: Large silver resource - Negative factor: Historical data Evidence · table > 102 Context: 13.65 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/kootenay-commissions-a-preliminary-economic-assessment-on-la-cigarra-silver-depo--1c6a1a84-5864-443d-bb2f-0bdacd152ded#fact-resource-facts-2) La Cigarra · gold Historical result Needs review: historical\_restatement #### 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 factor: Large silver resource - Negative factor: Historical data Evidence · table > 0.07 Context: 13.65 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/kootenay-commissions-a-preliminary-economic-assessment-on-la-cigarra-silver-depo--1c6a1a84-5864-443d-bb2f-0bdacd152ded#fact-resource-facts-3) La Cigarra · lead Historical result Needs review: historical\_restatement #### 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 factor: Large silver resource - Negative factor: Historical data Evidence · table > 0.16 Context: 13.65 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/kootenay-commissions-a-preliminary-economic-assessment-on-la-cigarra-silver-depo--1c6a1a84-5864-443d-bb2f-0bdacd152ded#fact-resource-facts-4) La Cigarra · zinc Historical result Needs review: historical\_restatement #### 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 factor: Large silver resource - Negative factor: Historical data Evidence · table > 0.21 Context: 13.65 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: 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.