Capitan Mining Inc. (TSXV: CAPT) today reported results from its 2021 drilling program on the Capitan gold zone. Results come from eight drill holes, all of which intersected mineralization over significant widths.
The Capitan gold zone has been traced for 1.2 kilometers along strike, up to 450 meters down-dip and currently remains open in all directions except to the north. Data released this morning consists of the final drilling results from the firms 6,000 metre drill campaign at the property.
Highlights from the results released this morning include:
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- 21-CARC-24: 10.7 metres at 0.56 g/t gold equivalent within 42.7 metres at 0.34 g/t gold equivalent
- 21-CARC-26: 111.3 metres of 0.17 g/t gold equivalent, 33.5 metres of 0.37 g/t gold equivalent
- 21-CARC-27: 45.7 metres of 0.21 g/t gold equivalent
The focus of the first four holes reported was to define and expand known near surface mineralization in the Hanging wall zone and locating new zones of mineralization in step-outs going towards the southwest. The second half of the results meanwhile were aimed at expanding and defining the on-strike extensions of the known mineralized zones outside of the current drill defined area, as well as to delineate the extents of high-grade ore shoots in the Main Capitan zone.
Drilling activities remain operational with updated guidance to be released in the coming days.
Capitan Mining last traded at $0.36 on the TSX Venture.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
