Including 9.1m Of 0.95 G/T Aueq At Peñoles Project In Mexico
Capitan Mining Inc.(TSXV: CAPT) has intersected wide zones of mineralisation in five reverse-circulation (RC) drill holes from the Capitan oxide-gold deposit, at its 100%-owned Peñoles project in Durango, Mexico.
Highlights:
- Hole 21-CARC-36 intersected 62.5m of 0.43 g/t Aueq, including a higher-grade interval of 9.1m of 0.95 g/t Aueq
- Holes 21-CARC-35, 37 and 38 successfully expanded gold mineralisation down-dip between 50 and 150m
- Hole 21-CARC-38 increased total length of Capitan deposit to approximately 500m down-dip, on cross-section 250
- Mineralisation continues to remain open down-dip and on-strike, mainly in the south-eastern portion of the deposit
All the latest holes designed to either extend Capitan style mineralisation down-dip/down plunge along section lines, or as infill hole(s) that attempt to refine the boundaries and extend the continuity of high-grade shoots that are nested within the Capitan deposit mineralised envelope.
Down-dip Extensions
Drill holes 21-CARC-35, 37 and 38 were designed to expand mineralisation down-dip on three different cross sections within the Capitan zone. All holes successfully intersected both Hanging wall style and Capitan Style mineralisation down-dip from previously drilled holes. These holes extended mineralisation between 50 and 150m along their respective sections, with mainly oxide-style mineralisation being returned in these holes.
Hole 21-CARC-38 expanded mineralisation about 150m down-dip from hole 21-CARC-26, bringing the total length of the mineralisation in that cross section to about 500m from surface.
Strategic infill: Defining High-grade shoots
Drill hole 21-CARC-36 was an in-fill hole designed to better define a moderately southwest plunging, high-grade shoot, that it is located within the centre of the Capitan deposit.
This shoot has been interpreted to represent the intersection of the main Capitan Fault and the east-northeast trending Gully Fault, which is believed to also control high-grade Ag mineralisation at the Jesus-Maria deposit.
The hole successfully intersected the high-grade shoot, returning 62.5m of 0.43 g/t Aueq, including a higher-grade interval of 9.1m of 0.95 g/t Aueq.
Expansion To the North-West
Drill hole 21-CARC-34 was designed to target the on-strike extension of the Capitan main zone approximately 95m to the west of hole 21-CARC-20. The hole encountered a steeply dipping post-mineral fault and remained in post-mineral cover through most of its length. No significant values were returned related to the Hanging wall or Capitan main zone.
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