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Capitan Mining Announces Drill Results from Peñoles Project: Expands Gold Mineralization to Southwest and Southeast
Vancouver, British Columbia--(Newsfile Corp. - May 20, 2021) - Capitan Mining Inc.  (TS...
About this update from Capitan Silver Corp
[{"type":"text","content":"Capitan Mining Announces Drill Results from Peñoles Project: Expands Gold Mineralization to Southwest and SoutheastVancouver, British Columbia--(Newsfile Corp. - May 20, 2021) - Capitan Mining Inc. (TSXV: CAPT) (\"Capitan\" or the \"Company\") is pleased to report results from eight drill holes from its 2021 program on the Capitan gold zone.Highlights:Hole 21-CARC-24 returned 10.7m @ 0.56 g/t Aueq within a larger interval of 42.7m @ 0.34 g/t AueqAll reported drill holes herein returned Capitan style mineralization, over significant width'sTo date the Capitan gold zone has been traced for 1.2 kilometres along strike and up to 450 metres down-dip and remains open in all directions except to the north.These drill holes, complete the previously announced 6,000 metres drill campaign; consisting of 28 Reverse Circulation (RC) holes, all of which hit dominantly oxide gold mineralizationDrilling activities remain ongoing with updated guidance to be released in the coming daysHoles 21-CARC-21 to 28 DiscussionThe purpose of these drillholes was threefold:To define and expand known, near surface mineralization in the Hanging wall zone and locate new zones of mineralization in step-outs towards the southwestTo expand and better define the on-strike extensions of the known mineralized zones outside of the current drill defined areaTo delineate the extents of high-grade ore shoots in the Main Capitan zone Eastern holes: 21-CARC-21, 22, 25 and 28Holes 21-CARC-21,22, 25 and 28 were collared in the eastern portion of Capitan Deposit area, in a region with very sparse drilling and surface exploration (see Figure 1). The holes were designed to target the down-dip and on-strike extensions of the Hanging Wall Zone, that was intersected in holes 20-CARC-15 and 18 as well as in historic core holes CDDH-08-03 and CDDH-11-10. All holes successfully intersected multiple, low grades zones of Hanging wall style mineralization, with the best intercepts including 21.3m of 0.19 g/t Au eq in hole 21-CARC-21, 25.9m of 0.19 g/t Aueq in hole 21-CARC-25 and 45.7m of 0.15 g/t Aueq in hole 21-CARC-28. Additionally, the drillholes successfully extended the on-strike extent of the Capitan Hill deposit, in this area, by 125m to the east, and the down-dip extent between 75m and 150m respectively. Based on the location and results returned from the ho...