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Capstone Mining Corp.
Summary
| Project: | Cozamin | |
|---|---|---|
| Deposit: | Cozamin | |
| Location: | Mexico | |
| Commodities: | Copper-Lead-Zinc-Silver | |
| Date: | 11/5/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 5-11-2019: Capstone Mining Corp. announces an Exploration/Drilling Update report for its Cozamin deposit at the Cozamin project. Drilling results incl. 23.1m @ 5.53% Cu, 0.18% Zn, 0.02% Pb, 116.8g/t Ag from 567.3m. 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) announces high grade copper and silver results from 103 infill and step-out drill holes at its Cozamin Mine, as well as an expansion to the exploration program into 2020. The results represent half of the 200 hole program, which aims to more than double the current reserve base. Results to date support the Company’s recently disclosed increase to Cozamin’s annual production guidance to 50 to 55 million pounds of copper and 1.4 to 1.5 million ounces of silver starting in early 2021. Mineral Resources and Mineral Reserves estimates will be updated in late 2020. “Highlight holes in Figure 1 and Table 1, are comprised of both infill and step-outs. They have shown excellent grade and thickness, including a test into the middle of the recently acquired Portree claimblock (U499),” said Brad Mercer, Capstone’s Senior Vice President of Operations and Exploration. “We now see a much larger target and we intend to infill drill the expanded area before re-estimating mineral reserves. On average, the vein is approximately 60% wider up dip from the current reserve, while the copper and silver grades are higher as well. Additionally, having access to the Portree claimblock will give us a platform to extend mineralization to the west.” | |
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