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Capital Mining Ltd.
Summary
| Project: | Mayfield | |
|---|---|---|
| Deposit: | Mayfield | |
| Location: | Australia | |
| Commodities: | Zinc-Silver-Copper | |
| Date: | 2/15/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-2-2017: Capital Mining Ltd. announces an Exploration/Drilling Update report for its Mayfield deposit at the Mayfield project. Drilling results incl. 7.20m @ 4.31% Zn, 0.58% Cu, 16g/t Ag from 198.50m. Capital Mining Limited (ASX: CMY) (“Capital” or “the | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mart Rampe (Independent) | |
| ABSTRACT: | Capital Mining Limited (ASX: CMY) (“Capital” or “the Company”) is pleased to announce high grade assay results from its recently completed reverse circulation (RC) and diamond drilling program at the base and precious metals, Mayfield Project (EL6358) in south-eastern New South Wales. The Mayfield Project (EL6358, ELA5415) covers a significant gold-copper skarn deposit, and is located within a highly mineralized part of the Lachlan Fold Belt as illustrated in Figure 1. The drill program targeted down‐dip and along-strike extensions of known mineralisation at the Mayfield Project (see Figures 2 and 3), and was designed to confirm the continuity and consistency of the high-grade mineralisation within the project area. The program was highly successful and intersected significant high grade base metals and silver mineralisation in the targeted skarn zones, including a highlight intersection of; 7.2m @ 4.31% Zn, 0.58% Cu and 16g/t Ag from 198.50 metres, in drill hole MAY2. Assay results from drill hole MAY2 graded as high as; 28.7% Zinc, 2.20% Copper and 48.9g/t Silver. In addition, the entire skarn zone exhibits strong copper values with peak copper values located higher on the hanging wall of the skarn. An intersection of 17.97 metres @ 0.75% Cu from 187.03 metres in drill hole MAY2 was recorded. | |
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