Capitan Mining Inc. (TSXV: CAPT) has received promising results from five reverse-circulation (RC) drill holes from the Capitan oxide-gold deposit, at its 100%-owned Peñoles project in Durango, Mexico.
Highlights:
- All drill holes successfully intersected both the main Capitan zone and the Hanging Wall zone
- Hole 21-CARC-40 returned 76.2m of 0.4 g/t Aueq including 18.3m of 0.70 g/t Aueq
- Hole 21-CARC-39 intersected wide zones of gold mineralisation over multiple intervals, with 161 of 292.6m drilled returning gold mineralisation
- Hole 21-CARC-39 extended the main Capitan zone approximately 200m down-dip on section 50
- The Capitan gold zone remains open both down-dip and on-strike in the southeast portion of the deposit
Discussion
Down-dip Extensions
Hole 21-CARC-39, located on section 50, successfully intersected both Hanging Wall and Capitan style mineralisation across multiple intervals starting at 35.1m downhole, and continuing for most of its remaining length.
This hole successfully extended the main zone approximately 200m down-dip from hole 21-CARC-29, and increased the footprint of the Hanging Wall zone, which was not properly tested by hole 21-CARC-23 due to technical issues.
The best intersection includes 12.2m of 0.33g/t Aueq in the Hanging Wall zone, and 54.9m of 0.26 g/t Aueq in the Capitan Main zone.
Strategic Infill: Defining High grade shoots
One of the goals of the Capitan Hill drill programme has been to define and extend the boundaries of higher-grade mineralisation within the known Capitan Main envelope.
Two holes were drilled in this programme to test the continuity and lateral extent of a higher-grade zone that extends from section 0, down plunge to section 200. Hole 21-CARC-40, which was collared on section 250, intersected multiple intervals of oxide gold mineralisation from 47.2m to 239.2m depth, including 18.3m of 0.7g/t Aueq, contained within a larger interval of 76.2m of 0.4g/t Aueq.
This intercept extended the higher grade shoot an additional 100m down plunge from the previous intersection. Hole 21-CARC-41 also targeted the high grade shoot, but appears to have been drilled just on the boundary of the high-grade mineralisation, returning 32m of 0.32 g/t Aueq in the Capitan Zone and 18.3m of 0.35 g/t Aueq in the Hanging Wall zone.
Capitan Main, Southeast Expansion
Holes 21-CARC-42 and 43 were designed to test the down-dip extension of mineralisation in the southeast portion of the Capitan deposit, where drill density remains light. Both holes returned lower grade mineralisation over significant widths including 32m of 0.24g/t Aueq in hole 21-CARC-42, and 44.2m of 0.19g/t Aueq in hole 21-CARC-43. Hole 21-CARC-43 extended the Capitan Zone approximately 193m down dip along section -200, from hole 21-CARC-18.
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