Capstone Mining Corp. (“Capstone” or the “Company”) (TSX: CS) today announced drill results of step-out drilling at its Cozamin mine in Mexico. A half kilometre step-out drill hole intercepted 2.2% copper over 14.4 metres (“m”) estimated true width (“ETW”); including 4.4% copper over 6.3m ETW in hole S285.
As quoted in the press release:
“Based on confidence gained in several consecutive, annual underground drilling campaigns on the Mala Noche Footwall Zone (“MNFWZ”), we recently added two surface rigs to step up the pace of exploration and facilitate better long-range planning. Our furthest step-out hole to date intercepted strong copper mineralization 580 metres along strike to the southeast from the limits of the current MNFWZ Indicated Mineral Resource,” said Brad Mercer, Capstone’s Senior Vice President, Exploration. “We encountered copper grades in excess of 4% immediately adjacent to Endeavour Silver Corp. (“Endeavour”) claims over larger than average widths than typical of the MNFWZ (see table below). As a result, we have entered into an agreement with Endeavour which allows us to follow the footwall structure beyond the boundary of our concession.”