Capstone Mining Announces High Grade Step-out Holes at Cozamin Mine

Capstone Mining (TSX:CS) has announced high grade results from step-out drilling at its Cozamin mine in Mexico, which will be included in a re-estimation of mineral resources in the Mala Noche Footwall Zone later this year.

According to Capstone, since the last mineral resource estimate effective March 31, 2018, the company has completed 46 additional holes, including 23 step-out holes beyond the boundaries of the March 31 model.

Senior vice president of exploration at Capstone, Brad Mercer said:

“Given the grade and substantially thicker intervals in multiple new drill intercepts, including holes well up-dip of the March 31 resource model, we have decided to re-estimate the MNFWZ mineral resource. We have completed drilling up-dip and along strike, and to a lesser extent down-dip, from the March 2018 mineral resource estimate. We intend to keep drilling with five to six drills for the remainder of 2018, both stepping out and infilling the MNFWZ extension.”

The company said a technical review is underway and a technical report is expected to be completed later this year.

Click here to read the full Capstone Mining (TSX:CS) press release.