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Capstone Mining Corp.
Summary
| Project: | Cozamin | |
|---|---|---|
| Deposit: | Cozamin | |
| Location: | Mexico | |
| Commodities: | Copper-Lead-Zinc-Silver | |
| Date: | 6/11/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 11-6-2020: Capstone Mining Corp. announces a Resource Estimation report for its Cozamin deposit at the Cozamin project. Updated Mineral Resource Estimate for Project. Vancouver, British Columbia - Capstone Mining Corp. (“Capstone” or the “Company”) (TSX:C | |
| Resources: | (Resources, M+I): 26.458Mt @ 1.63% Cu, 45g/t Ag, 1.08% Zn, 0.29% Pb | |
| CP/QP: | [Resource]: Garth Kirkham (Kirkham Geosystems Ltd.) | |
| ABSTRACT: | Vancouver, British Columbia - 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. 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 Estimate has exceeded our expectation to upgrade Vein 20, the principal zone in the MNFWZ, to Indicated Class, previously estimated as Inferred in 2018. We also extended high grades into a previously undrilled area, thus adding unexpected tonnage in a key part of our development plan, and luckily the vein is wider up dip which bodes well for mining costs, dilution control and lower development rates per tonne. We believe there is additional exploration potential and we are making plans to test new step-out targets in H2 2020.” | |
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