Capstone Mining Corp Upgrades Resource Estimate to 189 Million Pounds at Mala Noche Footwall Zone

Capstone Mining Corp.(TSX:CS)  announced the results from the resource estimate for the Mala Noche Footwall Zone in Mexico.

As quoted in the press release:

Drilling in the MNFWZ since the last resource update in February of 2012 has converted 92 million pounds of copper from the Inferred category to the Indicated category. This reflects drilling that was completed in the latter half of 2011 and most of 2012 that was not included in the last estimate. At a US$35 net smelter return (“NSR”) cut-off grade (“COG”), the Cozamin Mine’s total Measured and Indicated (“M&I”) mineral resources at December 31, 2012, including adjustments for mining, were 430 million pounds of copper.

Capstone’s Vice President of Exploration, Brad Mercer, said:

The M&I copper resource at the MNFWZ now stands at 189 million pounds, 87 million pounds of which have already been converted into a mineral reserve. This additional 92 million pounds of mineral resource now in the M&I class will be targeted by mine engineering for potential conversion into mineral reserves during 2013.

To view the whole press release, click here.