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Capitan Mining Expands Known Gold Mineralization at the Penoles Gold Project in Durango, Mexico; Drills 45.7 Metres of 0.63 g/t Gold Within Larger Interval of 111.3 Metres of 0.34 g/t Gold
Vancouver, British Columbia--(Newsfile Corp. - November 30, 2020) - Capitan Mining Inc. (TS...
About this update from Capitan Silver Corp
[{"type":"text","content":"Capitan Mining Expands Known Gold Mineralization at the Penoles Gold Project in Durango, Mexico; Drills 45.7 Metres of 0.63 g/t Gold Within Larger Interval of 111.3 Metres of 0.34 g/t GoldVancouver, British Columbia--(Newsfile Corp. - November 30, 2020) - Capitan Mining Inc. (TSXV: CAPT) (\"Capitan\" or the \"Company\") is pleased to report results for the first seven drill holes from the current and on-going 6,000 metre reverse circulation (RC) drill program at the Peñoles Project (the \"Project\") in Durango, Mexico. This initial drill campaign is focused on testing the continuity of known gold-silver zones at the Capitan Hill Deposit, both along strike and down-dip of the March 2015, 43-101 compliant, inferred resource outline, as well as infill significant gaps within the resource model. The first seven drill holes of the program are presented herein, all of which intersected Capitan Hill style mineralization that is consistent in grade and width with previous drilling.Drill Highlights: RC Hole (20-CARC-06): intersected 45.7 m of 0.63 g/t gold within a larger interval of 111.3 m of 0.34 g/t gold;RC Hole (20-CARC-05): intersected 76.2 m of 0.41 g/t gold and 21 g/t silver including 16.8 m of 0.68 g/t gold and 28.5 g/t silver; RC Hole (20-CARC-03): intersected 68.6 m of 0.4 g/t gold and 11 g/t silver including 16.8 m of 0.74 g/t gold and 15.9 g/t silver;RC Hole (20-CARC-02): intersected 56 m of 0.4 g/t gold including 25.9 m of 0.53 g/t gold;New gold zones discovered in the hanging wall of Capitan Main zone, that provide an additional, near surface opportunity to expand the March 2015 resource within the conceptual, open-pit shell; Drill results support management's view that there is significant room to expand the existing oxide resource; Drilling is ongoing and the company anticipates completion of the 6,000 meter RC drill program in March/April 2021.Capitan's CEO, Alberto Orozco, stated: \"We are very excited to receive the first batch of drill hole assays from our program on Capitan Hill at the Peñoles Project. This first batch of drill holes demonstrates strong continuity of gold-silver mineralization, particularly down- and up-dip; and they are also showing silver mineralization at depth to be more significant than previously thought. Drill hole 20-CARC-05 had a wider and richer intercept of silver mineralization...