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Capitan Mining Drills 38.1m of 0.63 G/t AuEq Within a Broad Zone of 195.1m of 0.34 G/t AuEq. Makes New Discovery of Jesus María Style Silver Mineralization Beneath Capitan Hill Gold Deposit
Vancouver, British Columbia--(Newsfile Corp. - January 24, 2022) -  Capitan Mining Inc.&...
About this update from Capitan Silver Corp
[{"type":"text","content":"Capitan Mining Drills 38.1m of 0.63 G/t AuEq Within a Broad Zone of 195.1m of 0.34 G/t AuEq. Makes New Discovery of Jesus María Style Silver Mineralization Beneath Capitan Hill Gold DepositVancouver, British Columbia--(Newsfile Corp. - January 24, 2022) -  Capitan Mining Inc. (TSXV: CAPT) (\"Capitan\" or the \"Company\") is pleased to report results from drillhole 21-CARC-29 and regional surface work from its fall work program at the Peñoles project, Durango, Mexico.Highlights:RC Hole: 21-CARC-29 intersected 38.1m of 0.63g/t AuEq within a broad zone of 195.1m of 0.34g/t AuEq and intersected a second interval with Jesus Maria (JM) style silver mineralization (New)The second interval in Hole 21-CARC-29, is located immediately below the Capitan Hill Main Zone and is highlighted by an intersection of 3.0m of 103 g/t Ag, 0.26 g/t Au, 0.1% Pb and 0.49% ZnThis new discovery is significant as it represents a 350m step out down-dip, and to the south of the previously drill-defined extent of the Jesus Maria Silver depositChip sampling on outcrops north of the Jesus María Silver deposit have discovered new zones with values up to 410 g/t Ag, 0.9 g/t Au, 1.67% Pb and 0.7% Zn over 0.6mTrenching along the new Gully Fault target, between the Capitan gold deposit and the Jesus Maria silver deposit, has identified a wide zone of mineralization up to 54m wide with 0.14 g/t Au First 10 holes at the Jesus Maria Silver deposit are completed and awaiting assay, this is part of a 5,000m inaugural RC drill program at the Jesus Maria Silver deposit planned to be completed in H1 2022Overview: Jesus María Silver Deposit The Jesus Maria (JM) silver deposit is located approximately 280m to the northeast of the Capitan deposit (see figures 1 & 3). It has been traced by surface trenching and diamond drilling over a strike length of 750m and to a depth of 150m, with the majority of drilling focused over 250m strike length and less than 100m below surface.The Jesus Maria Silver deposit has a long mining history going back to the late 1800's, when the Penoles Mining company constructed several shafts and drifts to exploit the high-grade silver veins in the area. In recent years, work programs conducted by previous operators has demonstrated significant potential at the Jesus Maria silver deposit. The work to date has i...