Business
Capitan Drills 1.5m of 1,532.8 g/t AgEq Within 16.8m of 224.3 g/t AgEq at Cruz De Plata Project; Expands Jesus María Vein.
Vancouver, British Columbia--(Newsfile Corp. - January 17, 2023) - Capitan Mining Inc. (TSXV: CA...
About this update from Capitan Silver Corp
[{"type":"text","content":"Capitan Drills 1.5m of 1,532.8 g/t AgEq Within 16.8m of 224.3 g/t AgEq at Cruz De Plata Project; Expands Jesus María Vein.Vancouver, British Columbia--(Newsfile Corp. - January 17, 2023) - Capitan Mining Inc. (TSXV: CAPT) (\"Capitan\" or the \"Company\") is pleased to announce final drill assays for five (5) drillholes, from the summer 2022 drill program at the Jesus Maria high-grade silver zone, located at the Cruz de Plata project in Durango, Mexico.Highlights:Hole 22-JMRC-22: Intersected 16.8m of 224.3 g/t AgEq, including 3.0m of 978.7 g/t AgEq, which includes 1.5m of 1,532.8 g/t AgEq, at the Gully Fault zone, Hole 22-JMRC-14: Intersected 4.6m of 236.98 g/t AgEq, including 1.5m of 624.8 g/t AgEq, at the main Jesus Maria veinHole 22-JMRC-15: Intersected 15.2m of 101.46 g/t AgEq, including 1.5m of 475.45 g/t AgEq at the main Jesus Maria veinAirborne Geophysical program is set to commence shortly and will cover the recently consolidated property package. Results from this survey will help with drill target analysis and prioritization Assays are pending for six (6) additional RC drill holes from the 2022 winter drill program, including 2 for the Jesús María area and 4 for the San Rafael zone 2022 Drill Program OverviewAll holes reported herein are part of the 3100m, thirteen (13) hole summer 2022 drill program, which focused on the expansion and delineation of the Jesus Maria high-grade silver zone. All thirteen drillholes were successful in defining and expanding the Jesus Maria high-grade silver zone along strike and at depth, with strategic infill holes targeting the Gully Fault- Jesus Maria Vein intersection, where very high silver grades were previously reported (see May 2nd 2022 Press release).New Drilling DiscussionRecent drilling at the Jesus Maria high-grade silver zone continues to return significant, multi-meter intersections of high-grade silver mineralization. Additionally, holes 22-JMRC-14, 15, and 20 which were collared very close to the hanging wall/footwall of the Gully Fault, returned multiple, mineralized zones along their respective traces (See table 1), with mineralization generally more gold-rich and base-metal poor than what is typically encountered at Jesus Maria. Expansion drilling at Jesus MariaDrillholes 22-JMRC- 14, 15, 20 and 21 were all designed as step-out hol...