Capitan Mining Inc. (TSXV: CAPT) is pleased to report continued exploration results from three reverse circulation (RC) drillholes, as well provide an exploration update on the progress to date at its 100% owned Jesús María Silver Zone, at the Cruz de Plata Project (Formerly referred to as Peñoles), Durango, Mexico.
Highlights:
- Hole 22-JMRC-12: returned two high-grade intervals of 1.5m of 488.97 g/t AgEq and 1.5m of 328.25 g/t AgEq within 21.3m of 143.59 g/t AgEq.
- Hole 21-JMRC-07: returned 1.5m of 427.62 g/t AgEq within 22.9m of 76.98 g/t AgEq
- Capitan Mining publishes first long section of Jesus Maria Silver Vein
- Mineralization has been confirmed over 800m of strike length, with drilling continuing to confirm high-grade mineralisation at depth
- Assays are pending for nine RC drill holes from the Jesus María zone, with 8 drilled to test down-dip extension of the vein.
Step-out and Infill holes
The drill holes reported herein consist of both infill and step-out holes targeting the continuity of high-grade mineralisation and the expansion of Jesus Maria style mineralisation at depth.
Drillholes 22-JMRC-11 and 12 were both infill holes, targeting the eastern and western extents of high-grade mineralisation associated with the Gully Fault.
22-JMRC-11 intersected mine workings at the interpreted depth of high-grade mineralisation associated with the Gully Fault and returned several zones of generally narrow mineralisation thereafter at depth. Hole 22-JMRC-12 returned a stronger zone of high-grade mineralisation near surface consisting of 21.3m of 143.59 g/t AgEq, including 1.5m of 488.97 g/t AgEq and 1.5 of 328.25 g/t AgEq
Drillhole 22-JMRC-07 was a step-out hole that was designed to extend the Jesus Maria zone to depth, along section. The hole successfully intersected the Jesus Maria zone at 112.8m downhole, returning 22.9m of 76.98 g/t AgEq including 1.5m 427.62 g/t AgEq and extending the zone down-dip approximately 25m.
The Jesus María vein is part of a larger trend of silver-mineralised veins that occur on a 3-km east-northeast trend, between the zones of Jesus Maria and San Rafael, with most of that trend covered by the Capitan Mining mineral concessions.
The Jesus Maria vein has been drill tested over a strike length of 800m, including new drilling, with most of this drilling focused over a 475m strike length, from the Gully Fault structure eastward, with the remaining 325m to the west remaining shallowly drilled. The entire zone remains open at depth. The current drill program has focused on two objectives:
- To extend mineralisation along strike and at depth through step-out drilling
- To better define high-grade shoots along the Jesus Maria and Gully-Fault structures through infill drilling
The long section illustrates the distribution of high-grade mineralisation along the main Jesus Maria Vein, indicated by the red, magenta, and purple shading. Of note, is the clustering of high-grade mineralisation coincident with and adjacent to, the trace of the Gully Fault.
Recent infill drilling within this corridor has confirmed that the Gully Fault exhibits a strong control on the distribution of high-grade mineralization along Jesus Maria vein, with additional high-grade mineralization hosted along the Gully Fault structure itself.
The current drill programme has been successful in showing that the high-grade mineralisation at surface continues at depth, forming a continuous zone of high-grade Ag-mineralisation along the central and eastern portions of the Jesus Maria Vein.
In addition, high-grade mineralisation has been expanded to the south and east through recent step-out drilling, indicating that mineralisation continues to remain strong and open at depth.
Going forward, an additional nine holes are pending assays, with their respective locations shown on the long section below. Most of these holes are step-outs down-dip, with only two designated as infill. In addition, the long-section represents one of two main zones currently being targeted in the current drill programme.
A long-section for the Gully Fault target is currently in process and should be ready in the coming weeks.
For further information please visit: https://capitanmining.com/
