Hole 09SWC508 intercepts 5.9% Cu & 2.6g/t Au over 16.8m (including 8.2%
Cu & 2.9g/t Au over 10.2m)
VANCOUVER, Sept. 1 /CNW/ - Capstone Mining Corporation (CS: TSX) today
announced assay results from eleven additional drillholes completed on the
"Minto North" mineral resource infill drill program at its high grade Minto
copper-gold mine in the Yukon. These most recent drill intercepts from the
Minto North deposit, which is located 600 metres north-northwest of the
current open pit mine, are from infill holes designed to better define the
mineral resource and returned high grade copper-gold intercepts confirming the
results of the initial discovery and delineation program. Highlights of assays
from these most recent drillholes are summarized in the table below and the
full results for the eleven holes released today are provided in the attached
table.
Latest Highlights from Minto North Drilling
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Hole ID Target From To Interval Interval Copper Gold Silver
Area (m) (m) (m)(x) (ft)(x) (%) (g/t) (g/t)
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09SWC-496 Minto
North 71.2 94.1 22.9 75.1 3.30 1.70 14.6
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including 73.3 76.9 3.6 11.8 5.43 1.14 21.7
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09SWC-498 Minto
North 77.9 104.0 26.1 85.6 2.84 1.92 9.7
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including 85.0 96.8 11.8 38.7 4.27 2.86 15.5
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09SWC-506 Minto
North 72.0 102.4 30.4 99.7 2.59 1.76 9.6
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including 86.3 98.8 12.5 41.0 4.26 2.90 16.7
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09SWC-508 Minto
North 80.9 97.7 16.8 55.1 5.87 2.60 24.2
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including 80.9 91.1 10.2 33.5 8.23 2.93 34.4
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"The infill drilling at Minto North continues to not only confirm the
high grade nature of the Minto North deposit, but the four holes highlighted
above demonstrate excellent continuity of the very high grade core up to the
western margins of the deposit," said Stephen Quin, President & COO of
Capstone. "Once all assay results are in, the mineral resource estimate will
be updated and used in the Phase IV expansion study currently in process."
All Minto North drill core samples are now in the laboratory and results
for the final 25 holes are expected shortly. With a drillhole spacing similar
to that used to support the definition of measured & indicated mineral
resources and mineral reserves elsewhere at the Minto Mine, this latest phase
of drilling is sufficient to support a significant upgrade in the mineral
resource classification and provide the confidence level required for a
conversion to mineral reserves, should economic factors warrant it. These
factors are currently being determined by the Phase IV expansion study, which
is nearing completion.
Minto North Deposit
As previously reported on June 9, 2009, Capstone announced a preliminary
mineral resource estimate at Minto North. The aim of this recently completed
infill drill program is to boost the confidence in this mineral resource
sufficient to support a conversion to mineral reserves by demonstrating both
continuity of grade and thicknesses. Capstone believes this has now been
achieved and has started the process to revise the mineral resource
estimation.
