Capitan Mining Drills 56.4m of 0.75 g/t AuEq Including 10.7m of 1.19 g/t AuEq at Capitan Gold Zone at the Peñoles Project

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[{"type":"text","content":"Capitan Mining Drills 56.4m of 0.75 g/t AuEq Including 10.7m of 1.19 g/t AuEq at Capitan Gold Zone at the Peñoles ProjectVancouver, British Columbia--(Newsfile Corp. - July 7, 2021) - Capitan Mining Inc. (TSXV: CAPT) (\"Capitan\" or the \"Company\") is pleased to report results for four reverse-circulation (RC) drill holes from the Capitan oxide-gold deposit, at its 100%-owned Peñoles project in Durango, Mexico.Highlights:Hole 21-CARC-33 returned 56.4m at 0.75 g/t Aueq, including a higher-grade interval of 10.7m grading 1.19 g/t AueqHole 21-CARC-31 returned a higher-grade interval of 29m at 0.55 g/t Aueq from the Capitan Main Zone which was within a continuous interval of 187.5m at 0.24g/t Aueq All holes reported herein significantly extended oxide gold mineralization down-dip, and down plunge, with all zones remaining open in gold mineralization Capitan has commenced its summer exploration program which will include 6,000 metres of RC drilling and will focus on expanding of the Capitan gold deposit and nested higher-grade shootsDiscussionAll holes reported herein were designed to either extend Capitan style mineralization down-dip/down plunge along section lines, or as infill hole(s) that attempt to refine the boundaries and extend the continuity, of high-grade shoots that are nested within the Capitan deposit mineralized envelope. Step-out holes: Expanding the Capitan Zone FootprintDrillholes 21-CARC-30, 31, and 32 were designed to expand Hanging wall style and Capitan Style, oxide mineralization down-dip along section lines 550, 100, and 450 respectively (see Figure 1). All drillholes successfully intersected both Hanging Wall style and Capitan style mineralization, extending both zones between 70 and 170m down-dip, along section. Additionally, all holes intersected and extended the oxide gold envelope down-dip, with sulphide mineralization only being reached towards the termination of holes 21-CARC-30 and 31 (see Figure 2a). The best results intersected include 29m of 0.55g/t Aueq within a continuous interval of 187.5m grading 0.24 g/t Aueq in hole 21-CARC-31, and 41.1m of 0.31 g/t Aueq in hole 21-CARC-32, both coming from the Capitan Main Zone. Infill Holes: Confirming and expanding the Continuity of high grade shootsDrillhole 21-CARC-33 was designed to test the continuity of a higher-grade shoot of mine...

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