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Capitan Mining Drills 58 Meters of 0.94 g/t Gold Equivalent; Including 18.3 Meters of 2.04 g/t Gold Equivalent, at Penoles Project in Durango, Mexico
Vancouver, British Columbia--(Newsfile Corp. - January 11, 2021) - Capitan Mining Inc. (TSX...
About this update from Capitan Silver Corp
[{"type":"text","content":"Capitan Mining Drills 58 Meters of 0.94 g/t Gold Equivalent; Including 18.3 Meters of 2.04 g/t Gold Equivalent, at Penoles Project in Durango, MexicoVancouver, British Columbia--(Newsfile Corp. - January 11, 2021) - Capitan Mining Inc. (TSXV: CAPT) (\"Capitan\" or the \"Company\") is pleased to report results for five drill holes. Release Highlights:20-CARC-11 intersected 57.9 m of 0.94 g/t AuEq including 18.3 m of 2.04 g/t AuEq.20-CARC-13 intersected 100.6 m of 0.42 g/t AuEq including 21.3 m of 0.67 AuEq.New drilling has confirmed that Capitan Hill gold mineralization continues along strike to the east, over 250 m beyond the 2015 43-101 resource and remains open to expansion to the east, west and down-dip.Drill Holes Pending: 20-CARC-16 and 20-CARC-17.Drilling to recommence on January 11th, 2021.Program DescriptionThe five drill holes reported herein targeted the western and eastern limits of the Capitan Main zone, where there was limited knowledge of continuity and grade as historic drilling was sparse in these areas. The purpose of these holes was to confirm the potential to expand Capitan Hill mineralization within these areas, as well as investigate the undrilled potential along strike.Capitan's CEO, Alberto Orozco, stated: \"The current drill program has continued to confirm our thesis that there is excellent potential to expand the size of the known resource at Capitan Hill. Results from the ongoing program continue to show wide intercepts of mineralization coincident with deep zones of oxidation, both down-dip of known gold zones, and also within areas of sparse, historic drilling along strike. We are excited to see that gold and silver mineralization continues to expand and remains open in all directions. This is indicative of how premature the maiden resource was for this project.\"Western ExtensionHole 20-CARC-13 was drilled on section -500, 70 m from of the western limits of the Capitan main zone. Historic drilling located up-dip (CDDH-12-21) intersected typical Capitan Hill style mineralization, but to the west, historic drilling indicated the zone was somewhat narrower and weaker. Hole 20-CARC-13, which returned 100.6 m of 0.42 g/t AuEq, illustrates that this may be a local, weak area in the Capitan main zone, and that drilling on the section to the west was located just above of the main plunge of Capitan Hill zon...