{"id":1160397,"date":"2020-01-16T15:25:45","date_gmt":"2020-01-16T21:25:45","guid":{"rendered":"https:\/\/resourceworld.com\/?p=57296"},"modified":"2020-01-16T15:25:45","modified_gmt":"2020-01-16T21:25:45","slug":"capstone-releases-best-ever-cozamin-results","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1160397","title":{"rendered":"Capstone releases ‘best ever’ Cozamin results"},"content":{"rendered":"

Capstone Mining Corp.<\/strong> [CS-TSX] on Thursday January 16 released additional high grade copper and silver results from 21 infill and six step-out drill holes from its Cozamin polymetallic mine in Zacatecas, Mexico. The highlight intercept from the latest batch of results includes 6.3 metres of 5.3% copper.<\/p>\n

The expansion and infill drilling results released on Thursday morning includes some of the best ever drilling results from the Cozamin Mine, the company said in a news release. This brings the total drilled to date to 150 holes out of a 200-hole program. The aim of the program is to double the existing reserve base.<\/p>\n

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 resources and mineral reserves will be updated in late 2020.<\/p>\n

Cozamin is expected to achieve a 50% increase to annual copper and silver production of 50-55 million pounds and 1.5 million ounces respectively by 2021.<\/p>\n

Capstone shares advanced on the news, rising 3.7% or $0.03 to 84 cents on volume of 258,530. The shares are currently trading in a 52-week range of 41 cents and 87 cents.<\/p>\n

Capstone is a Canadian base metals mining company with a focus on copper. Its two producing mines are the Pinto Valley copper mine in Arizona, and the Cozamin Mine in Mexico. In addition, Capstone has the large scale 70%-owned copper-iron Santo Domingo development project in Chile as well as a portfolio of exploration properties.<\/p>\n

The Santo Domingo Project is located 50 km southwest of Codelco\u2019s El Salvador copper mine. The project is expected to be ready for a construction start in 2020.<\/p>\n

Cozamin is located 3.6 km northwest of Zacatecas City. It is a copper-silver underground mine with a surface milling facility. In 2019, the mine was expected to produce 30-35 million pounds of copper at a cash cost of between US$0.90 and US$1.05\/oz.<\/p>\n

\u201cThe most recent drill results are exceeding our expectations for the Mala Noche Footwall Zone,\u201d said Brad Mercer, senior vice-president exploration and operations with Capstone. \u201cThe 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,\u201d he said.<\/p>\n

\u201cThese results will ensure that this mine will remain a first quartile cost, cornerstone asset well into the future,\u201d added Capstone President and CEO Darren Pylot. \u201cDevelopment work on both the underground one-way ramp and ventilation are both on budget and ahead of schedule to be completed by the end of 2020,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Capstone Mining Corp. [CS-TSX] on Thursday January 16 released additional high grade copper and silver…<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[622],"tags":[33,76,102],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1160397"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1160397"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1160397\/revisions"}],"predecessor-version":[{"id":1160398,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1160397\/revisions\/1160398"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1160397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1160397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1160397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}