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Looking for silver where it’s already been found has been a perennial path to success for Mexico-focused silver companies. |
Some of the silver mines in the country have been producing silver since the 1500s, and even in the 21st century, many of its rich silver veins have yet to be exhausted. |
This fact has allowed some junior mining companies to take a fresh exploration approach to historic mining districts in Mexico and, in the process, create massive wealth for their shareholders. |
The most recent example of this path to riches in the current upcycle for silver is Vizsla Silver, which transformed the historically productive Panuco district into a high-grade, 300-million-ounce+ silver resource. In the process, Vizsla multiplied the investment of early shareholders more than 10 times over. |
And if you’re looking for the next Vizsla Silver, Kootenay Silver (KTN.V; KOOYF.OTCQX) — with a newly minted high-grade silver resource and with lots of exploration upside — is checking all the boxes. |
Better still, its portfolio of Mexican silver projects contains a global silver equivalent resource that’s already in the hundreds of millions of ounces. Currently valued with a market cap less than a tenth of Vizsla Silver’s valuation, Kootenay Silver still has the majority of its upside left, making now a great time to take a closer look at this high-octane silver play. |
A 54-Million-Ounce, High-Grade Silver Resource |
Kootenay’s flagship project is called Columba, a high-grade silver project that produced in the early 20th century and again in the 1950s and early 1960s. |
Until the company began drilling Columba in 2019, the high-grade vein system on the northern Mexico project had seen no significant exploration for almost 40 years. |
But between 2019 and 2025, Kootenay has completed 53,000 meters of drilling on Columba and, just a few weeks ago, used that work to release the first resource estimate on the project. That estimate showed Columba hosting 54.1 million ounces silver, 25.2 million pounds lead and 65.6 million pounds zinc (5.92 million tonnes of 284 g/t silver, 0.19% lead and 0.50% zinc.) |
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The new resource estimate for Columba shows it hosting 54.1 million ounces of 284 g/t silver in the inferred category. |
That’s a tremendous resource, especially at those grades. And it more than justifies Kootenay’s entire current market cap. But it’s merely a great starting point, as evidence points to the potential to multiply that resource many times over. |
Clear Room To Grow |
That’s right. Columba has significant room to grow from here, and Kootenay is in the midst of launching a fully funded phased 50,000 meter program. This is now funded with the closing of their recent bought deal financing. |
The current effort is focused on expanding the past-producing F vein, the D, B2 and Lupe veins which remain open along strike and at depth. |
Indeed, the potential for the resource to multiply at depth is very real — most drill holes so far have only tested the F and D veins to around 200 meters depth, and yet the deepest hit to date has come from a 540-meter hole at the D vein. |
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Click image to enlarge Drilling is ongoing on the D vein at Columba, which remains open at depth and along strike to the southeast. |
As you can see from the above long section of the D vein, the target has the potential to grow quite significantly with deeper drilling...and that work could yield the kind of high-grade silver hits that this project is known for. |
Massive, Portfolio-Wide Resource Offers Leverage To Silver |
Columba’s high-grade resource and exploration upside make Kootenay Silver a high-powered junior silver play in this evolving silver bull market. But, as mentioned, the company backs that potential up with a massive existing silver resource contained within its Promontorio-La Negra and La Cigarra properties, also in Mexico. |
Between those properties, Kootenay controls another 214.2 million ounces of measured and indicated silver equivalent...and 54.9 million ounces of inferred silver equivalent...to go with the 54 million ounces of silver defined at Columba. |
Hundreds of millions of ounces of silver in this global resource adds tremendous optionality to the Kootenay Silver story, and it’s apparent that the company is getting nowhere near full credit for it. |
The Next Silver Money Multiplier? |
Like Panuco, Columba has the potential to grow into a 100-million-ounce+ silver deposit in its own right, and drills are turning soon to test that potential. Thanks to a recently closed, C$20 million bought-deal public offering, Kootenay has a full treasury to fund this aggressive program. |
This effort promises to deliver continuous news flow (and more high-grade results) to a market that’s now paying attention. |
If you missed out on the meteoric rise of Vizsla Silver and other money-making silver plays of recent years, Kootenay Silver offers you what could well be the next big silver winner...and one that deserves your immediate attention. |
CLICK HERE To Learn More about Kootenay Silver Inc. |