Kootenay Silver (KTN.V) has confirmed last month Antofagasta (ANTO.L) is moving ahead with its plans for the Silver Fox property in British Columbia, as the senior copper producer has approved a budget to drill 3,000 meters in the third quarter of this year to follow up on no less than five drill targets.
The Silver Fox property is located in the Western Montana Copper Belt (extending from British Columbia into Montana), with a historic production of in excess of half a billion ounces of silver and 5 billion pounds of copper. And there’s more to be found, as Hecla Mining (HL) acquired Revett Minerals and Mines Management, whilst Sandfire’s (ASX:SFR) Tintina Resources (TAU.V) is trying to advance an underground copper mine.
It’s great to see this property with a strike length of 35 kilometers being properly explored, but it should be pretty obvious Kootenay’s focus will continue to be on the La Negra property where it’s still exploring in a joint venture with Pan American Silver (PAAS, PAA.TO), and the La Cigarra project where Kootenay is trying to increase the existing resources.
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