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Capstone Mining Expands MNFWZ Vein 20 M&I Resource by 118% at Cozamin to 13.1 Million Tonnes at 2.35% Copper and 52 g/t Silver
VANCOUVER, British Columbia--(BUSINESS WIRE)--Capstone Mining Corp. (“Capstone” or the “Company”) (TSX:CS) announces the results of an updated Mineral Resource
About this update from Capstone Copper Corp.
[{"type":"text","content":"VANCOUVER, British Columbia--(BUSINESS WIRE)--Capstone Mining Corp. (“Capstone” or the “Company”) (TSX:CS) announces the results of an updated Mineral Resource estimate for the Cozamin Mine in Zacatecas, Mexico. The total Measured & Indicated (“M&I”) Resource Estimate tonnes increased by 66%, with an 83% increase to contained copper metal to 949 million pounds and a 71% increase to contained silver metal to 39 million ounces of silver. M&I Resource for Vein 20, the principal zone in the Mala Noche Footwall Zone (“MNFWZ”), increased by 118% to 13,086 kt at 2.35% Cu and 52 g/t Ag. The Company is currently updating Mineral Reserves and an updated technical report is expected in Q3 2020. HIGHLIGHTS Below is a table highlighting the changes of the new Mineral Resource Estimate, compared to December 31, 2019. Measured & Indicated Resource Estimate As of April 30, 2020 Compared to as of December 31, 2019 Copper-Silver Zones MNFWZ with Vein 20 defining the “Principal Zone” 13,086 kt 2.35% Cu 52 g/t Ag 307.7 kt copper 21.9 million ozs silver 118% increase in tonnes 4% increase in copper grade 3% increase in silver grade 127% increase in contained copper metal 124% increase in contained silver ounces All Veins 21,790 kt 1.92% Cu 46 g/t Ag 418.1 kt copper 32.3 million ozs silver 64% increase in tonnes 12% increase in copper grade 4% increase in silver grade 84% increase in contained copper metal 71% increase in contained silver ounces Zinc-Lead-Silver Zones All Veins 4,668 kt 3.46% Zn 1.21% Pb 43 g/t Ag 161.3 kt zinc 56.3 kt lead 6.4 million ozs silver 72% increase in tonnes 5% lower zinc grade 26% higher lead grade no change 63% increase in contained zinc metal 117% increase in contained lead metal 72% increase in contained silver ounces Total (Copper-Silver + Zinc-Lead-Silver Zones) Total 26,458 kt 1.63% Cu 45 g/t Ag 430.5 kt copper 285.1 kt zinc 76.8 kt lead 38.7 million ozs silver 66% increase in tonnes 11% increase in copper grade 3% increase in silver grade 83% increase in contained copper metal 44% increase in contained zinc metal 72% increase in contained lead metal 71% increase in contained silver ounces Brad Mercer, SVP Exploration and Operations said, “Since the Resource stated in the 2018 Technical Report, our exploration team has drilled 108,000 meters within a budget of US$10 million. This new Resource Estimat...