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Capstone Reports Mineral Resource Estimate For Minto East And Resumption Of Drilling

Aug 9, 2010 - 9 years ago

By Supply Post

Capstone Mining Corp. announced the results of National Instrument 43-101 compliant mineral resource estimate for the Minto East deposit discovered in 2009 at its high grade Minto copper-gold mine in Yukon, Canada. This is a preliminary mineral resource estimate for the Minto East deposit, which is still open to the east, and where exploration drilling has just resumed. Drilling at Minto East will comprise step-out holes to test the limits of the deposit and infill holes to increase the classification of the existing mineral resource. Exploration drilling will also continue to test other exploration targets, including those generated from the Titan 24 deep IP survey, which is about 60% complete.

"The discovery of high grade copper-gold mineralization at Minto East has opened up a whole new arena within our claims that is prospective for further deposits and we aim to continue our aggressive exploration agenda in order to sustain the tremendous rate of discovery, exceeding more than one new deposit per year at Minto for the past five years," said Stephen Quin, President of Capstone Mining Corp. "Past exploration has focused largely within 150 metres from surface since the focus was primarily mineralization amenable to open pit mining," he said. "That focus has now changed since scoping work on the feasibility of underground mining operations has identified opportunities to exploit deeper mineralized horizons, beneath the limits of current and planned open pits." The discovery at Minto East, aided by a proof of concept Titan-24 deep earth imaging IP survey in 2009, has prompted Capstone to significantly enlarge the Titan-24 survey area in 2010 with the aim of identifying and drill testing any new anomalies in the same year. Recent new chargeability anomalies near Copper Keel -- Airstrip and west of Area 118 suggest significant new drill targets.

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