The company now owns 100% of the project through its wholly owned subsidiary, Astral Mining.
Around 1,000,000 common shares, which are subjected to a hold period of four months and a day from the date of the closing, ending 04 June 2014, were received by Kootenay Silver from Orex as consideration for the remaining 40% interest.
Located in Southern British Columbia, the Jumping Josephine Project totals approximately 11,667 hectares, and is expected to contain a mineral resource of 363,000t averaging 2.95g/t Au for 34,000 oz and Inferred mineral resource of 448,000t averaging 2.08 g/t Au for 30,000 oz.
Exploration carried out at the property between 2006 and 2011 included surface mapping, geochemistry, geophysics, and the completion of 140 diamond drill-holes.
The project, which was assembled in 2004 by Kootenay, was optioned to Astral Mining in 2005.
