InvestorsHub Logo

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Live Updating
profile icon
Dougster Free
05/23/22 4:00 PM
profile icon
Dougster Free
04/21/22 2:38 AM
profile icon
Dougster Free
04/15/22 3:18 AM

Capitan Silver Corp. (CAPTF) RSS Feed

Followers
1
Posters
1
Posts (Today)
0
Posts (Total)
3
Created
04/15/22
Type
Free
Moderators
A new and exciting high-grade silver project in Durango, Mexico with potential for significant scale • Property located in a historic silver mining district that has seen limited modern and systematic exploration • Multiple regional high-grade silver targets identifiedExperienced and professional management team that has successfully advanced and developed similar assets in Mexico over the last 16 years • Significant exploration upside with lower risk opportunities to build ounces at Capitan, Jesus María, and San Rafael • Capitan Hill Oxide Gold Project – Significant expansion of oxide gold resource, targeting 700k-1Moz gold • Tight share structure with high quality shareholder base – Michael Gentile largest investor at 17% • 5,000m RC Drill program underway targeting high-grade silver mineralization – Assays are pending  capitanmining.com
https://www.youtube.com/watch?v=99palukR8UI ;

https://www.youtube.com/watch?v=oONA5hOeIzs ;

According to published historic records, Minera Industrias Peñoles was incorporated in 1887 to operate the Jesus Maria and San Rafael silver mines and took its name from the local community of Peñoles. The full extent of the historic mine workings is unknown, but mining appears to have been selective and limited to within approximately 100 metres from the surface. The only modern exploration work that was completed on the property prior to 2011 consisted of a four-hole drill program completed by Aurcana Corporation (“Aurcana”) in 2004, and surface mapping, sampling, a limited IP survey, and a five-hole drill program completed by Riverside in 2008 and 2009. The drill holes completed by Aurcana and Riverside returned encouraging results and showed that El Capitan had potential to host a bulk-tonnage, low-grade gold deposit. Preliminary metallurgical tests completed by Sierra Madre in 2011 using Riverside drill core indicated that the gold mineralization at El Capitan could likely be recovered using cyanide leaching. Since March 2011, exploration work and drilling funded by Riverside’s partner has primarily focused on the El Capitan Gold Zone and the Jesus Maria Silver Zone. 

Capitan Mining Inc. is a Canadian gold-silver mining exploration company engaged in exploring the Peñoles project in Durango Mexico. Capitan is composed of a group of highly experienced professionals with a proven track record on exploration, development, and operation of similar mining assets in Mexico. Capitan will work on expanding the mineralization at the Peñoles project. 

Suite 550 - 800 W Pender Street 
Vancouver, BC, V6C 2V6
Phone: 778-327-6671
Fax: 778-327-6675

• A new and exciting high-grade silver project in Durango, Mexico with potential for significant scale • Property located in a historic silver mining district that has seen limited modern and systematic exploration • Multiple regional high-grade silver targets identified • Experienced and professional management team that has successfully advanced and developed similar assets in Mexico over the last 16 years • Significant exploration upside with lower risk opportunities to build ounces at Capitan, Jesus María, and San Rafael • Capitan Hill Oxide Gold Project – Significant expansion of oxide gold resource, targeting 700k-1Moz gold • Tight share structure with high quality shareholder base – Michael Gentile largest investor at 17% • 5,000m RC Drill program underway targeting high-grade silver mineralization – Assays are pending 
 

CAPITAN MINING DRILLS 1.5M OF 860.2 G/T AGEQ WITHIN 10.7M OF 435.02 G/T AGEQ AT THE JESUS MARIA SILVER ZONE IN DURANGO, MEXICO

Vancouver, British Columbia--(Newsfile Corp. - March 8, 2022) - Capitan Mining Inc. (TSXV: CAPT) ("Capitan" or the "Company") is pleased to report continued exploration results from its 100% owned Jesús María Silver Zone, at the Cruz de Plata Project (formerly referred to as the Peñoles Project), Durango, Mexico.

Highlights:

  • Hole 21-JMRC03 returned 435.02 g/t AgEq over 10.7m from the Jesus Maria Silver Zone, including three higher-grade intervals of:
    • 798.29 g/t AgEq over 1.5m
      860.19 g/t AgEq over 1.5m
      641.0 g/t AgEq over 1.5m

    New gold-silver zone discovered to the north of the Jesus Maria Silver Zone, with 13.7m of 63.3 g/t AgEq
    Additional mineralized structures intersected in the hanging wall to the Jesus Maria Silver Zone
    Drilling is ongoing; a total of 15 RC Drill holes have been completed at the Jesus Maria Silver Zone- Assays for 11 drill holes are pending
    Capitan is re-branding its "Peñoles Project" to "Cruz de Plata Project" which is closely aligned to its silver focus and exploration potential

Discussion

Confirms Continuity High Grade Silver Mineralization at Depth
Hole 21-JMRC-03 was designed to target one of two high-grade ore shoots nested in the Jesus Maria Silver Zone, that outcrop at surface, and have been delineated by both surface trenching and drilling. The first ore shoot was intersected by hole 21-JMRC-01 (previously released), located 100m to the west of 21-JMRC-03, which returned 1.5m of 1,352 g/t AgEq and 1.5m of 1,177 AgEq within a wider interval of 42.7m of 224.3 g/t AgEq. Hole 21-JMRC-03 intersected the second high-grade shoot at 79.2m downhole, returning 435.02 g/t AgEq over 10.7m, including three high-grade intervals of 798.29 g/t AgEq over 1.5m, 860.19 g/t AgEq over 1.5m, and 641 g/t AgEq over 1.5m. The hole successfully extended high-grade mineralization 40m down plunge from drillhole JM_DDH_12_06 located to the east. This high-grade zone remains open down plunge to the southwest. Cross section 600 (Fig. 2) where hole 21-JMRC-03 is located, had no previous drilling. Figure 1 shows the drill map of the project and location for hole 21-JMRC-03 and cross section 600.

New Gold-Silver Zone Discovered
Additionally, a new zone of gold-silver mineralization was discovered to the north of the Jesus Maria Silver Zone, with Au-Ag (Capitan Style) mineralization intersected at 164.6m downhole, approximately 50m to the north of the Jesus-Maria Vein. This new zone returned 13.7m of 63.28 g/t AgEq, and has been interpreted to be the northeastern extension of the Gully Fault structure, which appears to continue the north of the Jesus Maria Silver Zone. This new zone remains open along strike to the northeast.

 



Figure 1. Drill map of project showing location of hole 21-JMRC-03 within the Jesús María Silver Zone

To view an enhanced version of Figure 1, please visit: 
 

Table 1. Table of drill results for hole 21-JMRC-03

21-JMRC-03 From (m) To (m) Interval (m) AgEq (g/t)* Ag (g/t) Au (g/t) Pb (%) Zn (%)
Interval 39.6 44.2 4.6 52.87 33.17 0.10 0.03 0.284
Interval 77.7 88.4 10.7 435.02 177.44 0.37 3.20 3.569
Including 79.2 80.8 1.5 798.28 290.00 0.76 6.82 6.560
Including 83.8 88.4 4.6 619.92 257.67 0.45 4.72 5.000
Including 83.8 85.3 1.5 860.19 370.00 0.27 5.59 8.130
Including 85.3 86.9 1.5 358.59 122.00 0.55 2.65 3.050
Including 86.9 88.4 1.5 640.98 281.00 0.51 5.92 3.820
Interval 93.0 94.5 1.5 67.13 18.50 0.08 0.35 0.848
Interval 164.6 178.3 13.7 63.28 11.00 0.62 0.03 0.051

 



"" rel="nofollow" target="_blank">https://orders.newsfilecorp.com/files/7373/115951_40cbc05e545bc998_003.jpg"; src=";
 

Volume:
Day Range:
Last Trade Time:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
CAPTF Latest News
  • No Recent News Available for this company!
New Post