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Capstone Mining Corp.
Summary
| Project: | Cozamin | |
|---|---|---|
| Deposit: | Cozamin | |
| Location: | Mexico | |
| Commodities: | Copper-Lead-Zinc-Silver-Gold | |
| Date: | 9/17/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 17-9-2018: Capstone Mining Corp. announces an Exploration/Drilling Update report for its Cozamin deposit at the Cozamin project. Drilling results incl. 16.2m @ 5.34% Cu, 0.80% Zn, 0.03% Pb, 112.3g/t Ag, 0.05g/t Au. Vancouver, British Columbia - Capstone M | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Brad Mercer (Internal) | |
| ABSTRACT: | Vancouver, British Columbia - Capstone Mining Corp. (“Capstone” or the “Company”) (TSX: CS) today announced high grade results from step-out drilling at its Cozamin Mine in Mexico, which will be included in a re-estimation of mineral resources in the Mala Noche Footwall Zone (“MNFWZ”) later this year. Since the last Mineral Resource estimate, effective March 31, 2018, Capstone has completed 46 additional holes, including 23 step-out holes beyond the boundaries of the March 31 model. Drill intercepts underpinning Capstone’s decision to re-estimate the Mineral Resource are summarized below in Table 1. “Given the grade and substantially thicker intervals in multiple new drill intercepts, including holes well up-dip of the March 31 resource model, we have decided to re-estimate the MNFWZ Mineral Resource,” said Brad Mercer, Senior Vice President of Exploration at Capstone. “We have completed drilling up-dip and along strike, and to a lesser extent down-dip, from the March 2018 Mineral Resource estimate. We intend to keep drilling with five to six drills for the remainder of 2018, both stepping out and infilling the MNFWZ extension.” A Cozamin technical review is underway and a technical report is expected to be completed later this year. The review will target the March 31 Mineral Resource for conversion to mineral reserves, update the resource estimate to include the additional drilling since the March 31 update and will also include the materials handling study currently underway. This study is assessing options to increase Cozamin’s copper output by debottlenecking the mine in order to take advantage of the current 20% unutilized mill capacity. “We are extremely optimistic about Cozamin’s future based on our recent exploration success,” said Darren Pylot, Capstone’s President and CEO. “This low cost mine is going through a paradigm shift as we continue to unlock its potential value through ongoing exploration and evaluation of various scenarios to increase copper production.” | |
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