Capitan Mining Inc. Receives Drill Permit and Commences Drilling at Penoles
Capitan Mining Inc. Receives Drill Permit and
Commences Drilling at Penoles
Vancouver, British Columbia--(Newsfile Corp. - September 29, 2020) -
Capitan Mining Inc.
(TSXV:
CAPT)
("Capitan" or the "Company")
is pleased to announce that it has now received the necessary
approvals for its drill program at the Peñoles Project (the "Project") in Durango, Mexico. A drill rig has
been mobilized and the maiden drill campaign has commenced.
The first phase of the drill program will include 6,000 meters of reverse circulation drilling, focusing
primarily on step-out holes on the gold mineralization at the Capitan Hill gold zone to test the expansion
of the current inferred resource. Layne de Mexico has been contracted to perform the drill program with
an expected 50% of the overall program to be completed by year end. The drill program will include step-
out holes targeting the down-dip and on strike extensions to both to the northwest and to the southeast
where the mineralization remains open.
Capitan's CEO, Alberto Orozco, stated:
"I am very excited to commence drilling at the Peñoles
Project, and to be doing it as scheduled despite the challenges faced by our industry pertaining to
Covid. We have a great technical team at Capitan, with significant experience in heap leach projects
in Durango, Mexico.
I am also pleased to have Layne de Mexico contracted as our driller at the
Peñoles Project. We have worked well with them on numerous past projects and they have always
performed. This is a very exciting time for the Capitan management team and its shareholders, as we
look forward to advancing the Peñoles Project."
About Capitan Mining Inc.:
Capitan Mining is a well-funded junior exploration company focused on its 100% owned gold and silver
Peñoles Project in Durango, Mexico. The company is led by a management team that has successfully
advanced and developed several heap leach operations in Mexico over the past 16 years. More
information for the Company can be found at
www.capitanmining.com
.
ON BEHALF OF CAPITAN MINING INC.
"Alberto Orozco"
Alberto Orozco, CEO
For additional information contact:
Alberto Orozco
CEO
Capitan Mining Inc.
Phone:
(778) 327-6671
Fax:
(778) 327-6675
Web:
www.capitanmining.com
Raffi Elmajian
Corporate Communications
Capitan Mining Inc.
Phone: (604) 358-2601
Web:
www.capitanmining.com
Certain statements in this press release may be considered forward-looking information. These
statements can be identified by the use of forward-looking terminology (e.g., "expect"," estimates",
"intends", "anticipates", "believes", "plans"). Such information involves known and unknown risks --
including the availability of funds, the results of financing and exploration activities, the interpretation
of exploration results and other geological data, or unanticipated costs and expenses and other risks
identified by Capitan in its public securities filings that may cause actual events to differ materially
from current expectations. Readers are cautioned not to place undue reliance on these forward-
looking statements, which speak only as of the date of this press release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
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