Capitan Mining Inc. (TSXV: CAPT) has further expanded Jesús María polymetallic Silver Deposit, at the Peñoles project, Durango, Mexico, with promising results from its 2021/22 Phase I drill programme.
Hole 21-JMRC-01 returned 42.7m of 224.3 g/t AgEq, starting at an 18.3m depth and includes five separate high-grade intervals of:
- 1,352.3 g/t AgEq over 1.52m (1,271 g/t Ag, 0.53 g/t Au, 0.49% Pb and 0.65% Zn)
- 1,177.2 g/t AgEq over 1.52m (1,044 g/t Ag, 1.03 g/t Au, 0.8% Pb and 0.73% Zn)
- 368.3 g/t AgEq over 1.52m (286 g/t Ag, 0.66 g/t Au, 0.38% Pb and 0.49% Zn)
- 337.7 g/t AgEq over 3.0m (154.5 g/t Ag, 0.66 g/t Au, 1.65% Pb and 2.2% Zn)
- 304.3 g/t AgEq over 1.52m (179 g/t Ag, 1.4 g/t Au, 0.18% Pb and 0.22% Zn)
Hole 21-JMRC-04 returned 7.6m of 122.8 g/t AgEq including 368.1 g/t AgEq over 1.52m
All three holes intersected additional mineralised structures that had not been previously identified.
Surface work programme including soil geochemistry and trenching expected to begin this week
14 RC drill holes drilled to date, 11 holes awaiting assay results
The Phase I drill programme at Jesus Maria started in late 2021 and resumed in mid-January after the holiday break. To-date 14 reverse circulation holes have been completed, consisting of a combination of step-out and infill holes designed to extend known mineralisation down-dip, locate new zones of mineralisation at depth, and define the boundaries of high-grade ore shoots that exist along structural intersections.
Hole 21-JMRC-01 was designed to test an approximate 120m wide gap, between high-grade mineralisation reported in historic surface trenching (values between 200 to 800 g/t Ag) and high-grade mineralisation returned from historic diamond drilling down-plunge. This high-grade shoot has an apparent, shallow, southwest plunge, based on limited drilling, and is interpreted to represent the intersection of the Jesus Maria and Gully Fault structures.
Hole 21-JMRC-01 successfully extended mineralization 32m up-plunge, towards surface, returning 42.7m of 224.3 g/t AgEq, including five (5) separate high-grade intervals of 1,352.3 g/t AgEq over 1.52m, 1,177.2 g/t AgEq over 1.52m, 337.7 g/t AgEq over 3.0m, 368.3 g/t AgEq over 1.52m and 304.3 g/t AgEq over 1.52m.
Drillhole 21-JMRC-02 was a 75m step-out hole designed to extend mineralisation down-dip from hole JM_DDH_14_11. The hole intersected several zones of mineralisation consisting of Au/Ag (Capitan style) zones near surface, with more base metal rich polymetallic Jesus Maria style mineralisation at depth. The overlap between both styles of mineralisation is interpreted to be a result of the Gully Fault structure, which the hole collared in appears to exert a strong control on both styles of mineralisation. The most significant results include 66.1 g/t AgEq over 7.6m in the Capitan Style mineralisation, and 77.5 g/t AgEq over 15.2m in the Jesus Maria style mineralisation, which included 128.6 g/t AgEq over 6.1m.
Drillhole 21-JMRC-04 was an infill-hole designed to test the on-strike continuity of high-grade Ag mineralisation reported in the drillhole JM_DDH-14_14 approximately 55m to the east. The hole intersected multiple intervals with Jesus Maria style polymetallic mineralization with an overall increase in the grade of base metal mineralisation compared to holes drilled to the east. The best interval returned 122.8 g/t AgEq over 7.6m including 368.1 g/t AgEq over 1.52m.
“The first three holes reported from the Jesús María silver deposit, together with the recently-reported hole 21-CARC-29 under the Capitan Hill Oxide Gold deposit, demonstrate the significant growth potential for silver mineralisation at the Peñoles project,” CEO, Alberto Orozco, said.
“I am particularly excited for the results of hole 21-JMRC-01, which confirm the continuity of high-grade silver mineralisation from surface trenching. This high-grade zone has only been drill tested to shallow-depths and remains open to expansion down-plunge.”
For further information please visit: https://capitanmining.com/