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Capstone Mining Drilling Update at Cozamin Mine

Mining News - Published on Wed, 22 Jan 2020

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Capstone Mining Corp announced additional high grade copper and silver results from 21 infill and 6 step out drill holes at its Cozamin Mine, further to the update of December 2, 2019. This brings the total drilled to date to 150 holes of a 200 hole program, aiming to double the current reserve base. Drill results to date continue to demonstrate greater widths and grades than current Mineral Reserves, as well as the potential for an expanded high grade resource. Mineral Resource and Mineral Reserve estimates will be updated in late 2020. Cozamin is expected to achieve a 50% increase to annual copper and silver production of 50 to 55 million pounds and 1.5 million ounces, respectively, by 2021.

SVP Exploration and Operations Brad Mercer said “The most recent drill results are exceeding our expectations for the Mala Noche Footwall Zone. We continue to see wide intercepts of high copper-silver grades, and now step outs to the northwest in undrilled territory are delivering some of the highest grades ever drilled at Cozamin. The two-year drilling initiative is more than two months ahead of schedule, allowing us to add more holes for a new mineral resource and mineral reserve estimate and Technical Report by the end of 2020.”

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Posted By : Rabi Wangkhem on Wed, 22 Jan 2020
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