Business
Capitan Mining Drills 36.6 metres of 0.91 g/t Gold Equivalent Within Larger Interval of 73.15 metres of 0.63 g/t Gold Equivalent; Continues to Expand Capitan Gold Zone
Vancouver, British Columbia--(Newsfile Corp. - December 16, 2020) - Capitan Mining Inc. ...
About this update from Capitan Silver Corp
[{"type":"text","content":"Capitan Mining Drills 36.6 metres of 0.91 g/t Gold Equivalent Within Larger Interval of 73.15 metres of 0.63 g/t Gold Equivalent; Continues to Expand Capitan Gold ZoneVancouver, British Columbia--(Newsfile Corp. - December 16, 2020) - Capitan Mining Inc. (TSXV: CAPT) (\"Capitan\" or the \"Company\") is pleased to report results for three drill holes from its on-going 6,000 metre reverse circulation (RC) drill program at the Peñoles Project (the \"Project\") in Durango, Mexico, drill holes 20-CARC-08, 20-CARC09 and 20-CARC-12.Drill Highlights:RC Hole 20-CARC-12: intersected 36.5 m of 0.91 g/t Au equivalent* within a larger interval of 73.15 m of 0.63 g/t gold equivalent; This hole also intersected significant widths of the Hanging Wall Zone mineralization and extended Capitan Hill Zone 65 m down-dip;RC Hole 20-CARC-09: intersected 64.01 m of 0.69 g/t gold equivalent including 13.72 m of 1.26 g/t gold equivalent;RC Hole 20-CARC-08: intersected 48.77 m of 0.58 g/t gold equivalent including 28.96 m of 0.82 g/t gold equivalent;Capitan's CEO, Alberto Orozco, stated: \"We are excited with the drill results to date, as they demonstrate the growth potential for the Capitan gold zone at the Peñoles Project. Our initial holes reported focused more on the better-drilled, western portion of the resource, but as we are stepping out towards the southeast, where previous drill holes were limited, we are now seeing higher potential to increase the size of the gold-mineralized body.\"Figure 1: Fall/Winter 2020 Drill Program Map at the Capitan Hill TargetTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/7373/70404_0b164871c4bb3803_002full.jpgDrill Results DiscussionDrill hole 20-CARC-12 was a step-out hole designed to test the down-dip extension of the main Capitan Hill Zone, as well as test for Hanging Wall mineralization, which was absent in hole CDDH-11-06 located immediately up-dip. The hole was successful in confirming the presence of up to five, > 10 m wide, mineralized zones in the Hanging Wall, starting from surface, with the best interval returning 22.9 m of 0.20 g/t gold, which has extended the zone down-plunge 100 m to the south-east from section 200 (see Figure 2). Additionally, hole 20-CARC-12 successfully intersected the main Capitan Hill zone as expected, reporting an ...