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To: LoneClone who wrote (163759)2/15/2022 5:46:28 PM
From: LoneClone  Read Replies (1) | Respond to of 192593
 
Orford Prepares to Launch First Drilling on the Joutel Eagle Gold Property since 1999

ca.finance.yahoo.com

Mon, February 14, 2022, 4:00 a.m.·10 min read

Compilation shows Historical South Gold Zone Open at Depth.

TORONTO, Feb. 14, 2022 /CNW/ - On November 30, 2021, Orford Mining Corporation ("Orford") (TSXV: ORM) announced that it had entered into an option agreement to acquire the 50 square kilometre Joutel Eagle Property in the historical Joutel camp within the Abitibi region of Quebec from Globex Mining Enterprises Inc.(TSX: GMX) (OTCQX INTERNATIONAL: GLBXF) (FRANKFURT: G1MN). Since acquiring the option, Orford has completed a compilation of the approx. 20,000 m of historical drilling from the property which has identified multiple gold zones to guide our immediate exploration efforts, including the "South Gold Zone" which contains a steeply dipping gold bearing vein with grades of up to 6.4 g/t Au over 2.7 metres in historical drilling1 that is open at depth (Table1, Figures 1&2). A 1,500m diamond drilling program will begin in late February which will aim to confirm historical results, test continuity and test newly identified targets in and around the South Gold Zone.

Drilling intervals quoted in this release are down-hole lengths from historical data. True thicknesses cannot be estimated with available information. The technical information presented in this release was obtained from historical work reports filed with the Quebec Ministry of Energy and Natural Resources and has not been independently verified by a Qualified Person as defined by NI 43- 101

David Christie, President and CEO of Orford, commented "The compilation work completed has given us strong drill targets on the Joutel Eagle property. The Joutel Eagle property is an advanced exploration property with well-developed gold targets and existing gold zones that has not been worked since 1999 and before that the late 1980's. We are eager to start the planned drilling program on the property this winter. We believe that the Joutel Eagle property and specifically the South Gold Zone provides Orford an opportunity for a near term discovery in the heart of the prolific Abitibi District".

The most developed mineralized zone on the Joutel Eagle property is the "South Gold Zone", which has a strike length of approximately 700 metres and is partially tested to a depth of 500 metres below surface. The South Gold Zone is comprised of two mineralized zones, a steeply dipping vein zone with grades of up to 6.4 g/t over 2.7 metres (hole 89-A-02), and a lower grade zone associated with the regional Harricana Fault which seems to be plunging to the southeast (Table 1, Figures 1 & 2). The best grade intersection of the vein zone was also the deepest leaving high grade mineralization open at depth. The plan map in Figure 1 and the long section in Figure 2 show how widely spaced the drilling has been both at shallow and deeper levels. In addition, Figures 1 and 2 show holes in the compilation where mineralization and alteration similar to high-grade zones in nearby holes were intersected (quartz veining, silica flooding with up to 70% pyrite), but assay results are not available as they were redacted from the drill logs by the operating company at the time upon reporting to the public database. We aim to confirm historical results and delineate the full extent of mineralization to determine if a resource can be defined at the South Gold Zone.

Figure 1: Plan Map of Historical Drilling Results from Compilation Work2 (Holes where assays are not available because they were redacted from reported drill logs are shown as "N/A")



Figure 1: Plan Map of Historical Drilling Results from Compilation Work (Holes where assays are not available because they were redacted from reported drill logs are shown as “N/A”) (CNW Group/Orford Mining Corporation)

Drilling intervals are down-hole lengths from historical data. True thicknesses cannot be estimated with available information.

Figure 2: Long Section through the South Gold Zone Showing Historical Compilation Results and Drill Target Areas3 (Holes where assays are not available because they were redacted from reported drill logs are shown as "N/A")



Figure 2: Long Section through the South Gold Zone Showing Historical Compilation Results and Drill Target Areas (Holes where assays are not available because they were redacted from reported drill logs are shown as “N/A”) (CNW Group/Orford Mining Corporation)
Drilling intervals are down-hole lengths from historical data. True thicknesses cannot be estimated with available information.

Table 1: Summary of historical drilling results from South Gold Zone greater than 1g/t Au (also contains intervals less than 1g/t Au appearing in Figure 1)4.

Hole #

From

To

Length

g/t Au

Report #

SG-68-01

97.2

105.3

8.1

1.4

GM22540

including

103.3

105.3

2.0

3.1

GM36699

SG-80-25

130.9

132.2

1.3

6.2

GM36699

SG-80-25

133.9

134.6

0.7

3.8

GM36699

SG-82-01

112.0

113.2

1.2

1.0

GM39763

SG-82-01

132.5

140.2

7.7

0.8

GM39763

including

134.5

136.3

1.8

1.9



SG-82-01

157.6

163.9

6.3

3.0

GM39763

including

160.7

163.4

2.7

6.4



SG-82-02

155.7

157.3

1.6

1.0

GM39763

SG-82-02

164.6

179.0

14.4

1.6

GM39763

including

169.1

171.8

2.7

5.3



including

173.3

177.6

4.4

1.7



SG-82-02

187.8

193.5

5.7

1.5

GM39763

including

191.8

193.5

1.7

3.4



SG-83-01

59.6

59.9

0.3

6.7

GM40302

SG-83-01

250.4

251.7

1.2

1.4

GM40302

SG-83-01

280.4

281.7

1.3

2.2

GM40302

SG-83-01

2.7

363.0

2.6

1.3

GM40302

SG-83-02

362.3

362.8

0.5

1.2

GM40302

SG-83-03

46.3

47.1

0.8

1.4

GM40302

SG-83-03

287.3

290.3

3.0

1.2

GM40302

SG-83-03

382.1

386.4

4.3

1.8

GM40302

SG-83-03

393.8

400.1

6.3

2.9

GM40302

SG-88-A-09

211.3

233.5

22.2

0.6

GM47579

including

218.6

229.3

10.7

1.2



SG-88-A-09

238.3

239.7

1.5

1.1

GM47579

SG-88-A-09

395.4

400.6

5.1

0.7

GM47579

including

398.5

400.6

2.1

1.5



SG-88-A-01

314.6

321.6

7.0

1.2

GM48877

including

317.8

318.7

1.0

2.9



including

395.7

398.0

2.3

5.3



SG-JV-88-14

74.7

80.6

5.9

1.3

GM50697

SG-89-A-02 W-1

571.5

574.8

3.3

1.3

GM48877

SG-89-A-02 W-1

589.5

599.6

10.1

1.0

GM48877

including

593.1

597.0

3.9

2.2



SG-89-A-01

305.2

322.3

17.2

0.5

GM48877

including

305.8

308.0

2.3

2.2



SG-90-A-01 W-1

186.0

187.5

1.5

1.3

GM 50110


Hole #

From

To

Length

g/t Au

Report #

SG-90-A-01

184.0

187.5

3.5

2.1

GM 50110

including

185.0

186.5

1.5

4.8



including

54.2

57.1

2.9

1.1



SG-99-15-04

331.9

335.6

3.7

1.4

GM57215

SG-99-15-03

121.9

123.5

1.6

1.5

GM57215

SG-99-15-02

261.0

267.0

6.0

1.0

GM57215

SG-99-15-02

545.5

547.0

1.5

1.1

GM57215

SG-99-15-01

9.5

18.5

9.0

1.2

GM57215

including

12.5

14.0

1.5

5.6



SG-99-15-01

30.9

31.4

0.5

2.8

GM57215


Drilling intervals are down-hole lengths from historical data. True thicknesses cannot be estimated with available information

About the Joutel Eagle Property
The property is situated just to the northwest of Agnico Eagle's past producing Eagle -Telbel operation which produced in excess of 1.1 Moz of gold5 from 1974 to 1993. The Joutel Eagle property covers 11 km of the Casa Berardi structural zone south splay (CBSZ) which is associated with several gold deposits and, together with our McClure East property, gives Orford over 17 km coverage on the prolific CBSZ (Figure 3). The Joutel Eagle Property sits to the north of Orford's 100% owned Joutel South Property and to the west of Orford's 100% owned McClure East property. Information from neighbouring properties is not necessarily indicative of the mineralization on Orford Mining's properties.

Figure 3: Orford Property Location Map in the Joutel region of the Abitibi District6.



Figure 3: Orford Property Location Map in the Joutel region of the Abitibi District . (CNW Group/Orford Mining Corporation)
About Orford Mining Corporation
Orford Mining is a gold explorer focused on highly prospective and underexplored areas of Northern Quebec. Orford's principal assets are the Qiqavik and West Raglan projects comprising a land package totaling over 80,000 hectares in the Cape Smith Belt of Northern Quebec. The Qiqavik Project hosts several new high-grade gold discoveries along a mineralized trend in excess of 40 km. The West Raglan Project hosts a number of high-grade Raglan-style nickel/copper/platinum group metal discoveries along a 55 km mineralized trend. Orford also recently acquired three property positions in the Joutel region of the Abitibi District of northern Quebec, which hosts historical deposits such as the Eagle/Telbel, Joutel Copper, Poirier Copper, and Vezza deposits. Orford continually seeks new gold exploration opportunities in North America. Orford's common shares trade on the TSX Venture Exchange under the symbol ORM. This information from neighbouring properties is not necessarily indicative of the mineralization on Orford Mining's properties.

To view further details about the Orford's exploration projects please visit Orford's website, www.orfordmining.com.

Qualified Person
The disclosure of scientific and technical information contained in this news release has been approved by Alger St-Jean, P.Geo., Chief Geoscientist of Orford, a Qualified Person under NI 43-101. The technical information presented in this release was obtained from historical work reports filed with the Quebec Ministry of Energy and Natural Resources and has not been independently verified by a Qualified Person as defined by NI 43-101.

Cautionary Statement Concerning Forward-Looking Statements
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. This news release contains "forward-looking information" including without limitation statements relating to the liquidity and capital resources of Orford and potential of one or more of the Qiqavik, West Raglan or Joutel area properties. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Orford to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: future prices and the supply of metals; the results of drilling; inability to raise the money necessary to incur the expenditures required to retain and advance the properties; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; or delays in obtaining governmental approvals, failure to obtain regulatory or shareholder approvals. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward- looking statements, refer to Orford's filings with Canadian securities regulators available on SEDAR at www.sedar.com.


Although Orford has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Orford disclaims any obligation to update any forward- looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.


The TSXV has neither approved nor disapproved the contents of this news release.

___________________________________

1 Système d'information géominière of Québec "SIGEOM", Quebec Ministry of Energy and Natural Resources. April 20,2020 DV93-01

2 Reference report numbers can be found in Table 1

3 Reference report numbers can be found in Table 1

4 Report Number referenced in the table is the report number assigned to historical work in the Système d'information géominière of Québec "SIGEOM", Quebec Ministry of Energy and Natural Resources c212.net

5 Eagle /Telbel: Système d'information géominière of Québec "SIGEOM", Quebec Ministry of Energy and Natural Resources. April 20, 2020 DV93-01

6 Casa Berardi: Hecla Mining, Mineral Resources Statement as of December 31, 2019. hecla-mining.com Estrades: Technical report on the Mineral Resources Estimate for the Estrades Project, Northwestern Quebec Canada. Galway Metals, November 5, 2018, Amended March 15, 2019.

Eagle /Telbel: Système d'information géominière of Québec "SIGEOM", Quebec Ministry of Energy and Natural Resources. April 20,2020 DV93-01. Douay: Maple Gold Mines. Mineral Resource Statement as at October 24, 2019.

https://www.maplegoldmines.com/index.php/en/projects/douay-gold-project#isDouayResourceEstimate.

Vezza: Mineral Resources Estimate for the Vezza Project, located 25 km south of Matagami, Quebec, Maudore Minerals Ltd. December 31, 2012.

Poirier Copper/Joutel Copper: Système d'information géominière of Québec "SIGEOM", Quebec Ministry of Energy and Natural Resources. April 20,2020 DP346, GM44192.

Sleeping Giant: Système d'information géominière of Québec "SIGEOM", Quebec Ministry of Energy and Natural Resources. November

13,2020. DV-2010-01

Mine Selabie: Système d'information géominière of Québec "SIGEOM", Quebec Ministry of Energy and Natural Resources. November 1,2021, DV 2000-02





Orford Mining Corporation Logo (CNW Group/Orford Mining Corporation)
SOURCE Orford Mining Corporation


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To: LoneClone who wrote (163759)2/16/2022 2:27:26 PM
From: LoneClone  Read Replies (1) | Respond to of 192593
 
Capitan Mining Drills 1,352 g/t Silver Eq over 1.5m & 1,177 g/t Silver Eq over 1.5m within 42.7m of 224.3 g/t Silver Eq at Jesus Maria Silver Deposit, Peñoles Project

newsfilecorp.com

Vancouver, British Columbia--(Newsfile Corp. - February 16, 2022) - Capitan Mining Inc. (TSXV: CAPT) ("Capitan" or the "Company") is pleased to report results from its 2021/22 Phase I drill program at the Jesús María polymetallic Silver Deposit, at the Peñoles project, Durango, Mexico.

Highlights

  • Hole 21-JMRC-01 returned 42.7m of 224.3 g/t AgEq, starting at an 18.3m depth and includes five (5) separate high-grade intervals of:
  • 1,352.3 g/t AgEq over 1.52m (1,271 g/t Ag, 0.53 g/t Au, 0.49% Pb and 0.65% Zn)
  • 1,177.2 g/t AgEq over 1.52m (1,044 g/t Ag, 1.03 g/t Au, 0.8% Pb and 0.73% Zn)
  • 368.3 g/t AgEq over 1.52m (286 g/t Ag, 0.66 g/t Au, 0.38% Pb and 0.49% Zn)
  • 337.7 g/t AgEq over 3.0m (154.5 g/t Ag, 0.66 g/t Au, 1.65% Pb and 2.2% Zn)
  • 304.3 g/t AgEq over 1.52m (179 g/t Ag, 1.4 g/t Au, 0.18% Pb and 0.22% Zn)
  • Hole 21-JMRC-04 returned 7.6m of 122.8 g/t AgEq including 368.1 g/t AgEq over 1.52m
  • All three holes intersected additional mineralized structures that had not been previously identified
  • Surface work program including soil geochemistry and trenching expected to begin this week
  • 14 RC drill holes drilled to date, 11 holes awaiting assay results



    • Discussion

    The Phase I drill program at Jesus Maria started in late 2021 and resumed in mid-January after the holiday break. To-date 14 reverse circulation holes have been completed (figure 1), consisting of a combination of step-out and infill holes designed to extend known mineralization down-dip, locate new zones of mineralization at depth, and define the boundaries of high-grade ore shoots that exist along structural intersections.

    Hole 21-JMRC-01 (figure 2) was designed to test an approximate 120m wide gap, between high-grade mineralization reported in historic surface trenching (values between 200 to 800 g/t Ag) and high-grade mineralization returned from historic diamond drilling down-plunge. This high-grade shoot has an apparent, shallow, southwest plunge, based on limited drilling, and is interpreted to represent the intersection of the Jesus Maria and Gully Fault structures. Hole 21-JMRC-01 successfully extended mineralization 32m up-plunge, towards surface, returning 42.7m of 224.3 g/t AgEq, including five (5) separate high-grade intervals of 1,352.3 g/t AgEq over 1.52m, 1,177.2 g/t AgEq over 1.52m, 337.7 g/t AgEq over 3.0m, 368.3 g/t AgEq over 1.52m and 304.3 g/t AgEq over 1.52m.

    Drillhole 21-JMRC-02 was a 75m step-out hole designed to extend mineralization down-dip from hole JM_DDH_14_11. The hole intersected several zones of mineralization consisting of Au/Ag (Capitan style) zones near surface, with more base metal rich polymetallic Jesus Maria style mineralization at depth. The overlap between both styles of mineralization is interpreted to be a result of the Gully Fault structure, which the hole collared in appears to exert a strong control on both styles of mineralization. The most significant results include 66.1 g/t AgEq over 7.6m in the Capitan Style mineralization, and 77.5 g/t AgEq over 15.2m in the Jesus Maria style mineralization, which included 128.6 g/t AgEq over 6.1m.

    Drillhole 21-JMRC-04 (figure 3) was an infill-hole designed to test the on-strike continuity of high-grade Ag mineralization reported in the drillhole JM_DDH-14_14 approximately 55m to the east. The hole intersected multiple intervals with Jesus Maria style polymetallic mineralization with an overall increase in the grade of base metal mineralization compared to holes drilled to the east. The best interval returned 122.8 g/t AgEq over 7.6m including 368.1 g/t AgEq over 1.52m.

    Capitan's CEO, Alberto Orozco, stated: "The first three holes reported from the Jesús María silver deposit, together with the recently-reported hole 21-CARC-29 under the Capitan Hill Oxide Gold deposit, demonstrate the significant growth potential for silver mineralization at the Peñoles project. I am particularly excited for the results of hole 21-JMRC-01, which confirm the continuity of high-grade silver mineralization from surface trenching. This high-grade zone has only been drill tested to shallow-depths, and remains open to expansion down-plunge."



    Figure 1: 2021-2022 Drill Hole Map at Jesús María Silver Deposit

    To view an enhanced version of Figure 1, please visit:
    orders.newsfilecorp.com



    Figure 2: Cross Section 500

    To view an enhanced version of Figure 2, please visit:
    orders.newsfilecorp.com



    Figure 3: Cross Section 350

    To view an enhanced version of Figure 3, please visit:
    orders.newsfilecorp.com

    Table 1. Table of Drill Results (Holes 22-JMRC-01, 02 and 04)

    21-JMRC-01From (m)To (m)Interval (m)AgEq (g/t)*Ag (g/t)Au (g/t)Pb (%)Zn (%)
    Interval18.361.042.7224.3154.20.370.460.72
    Including19.821.31.51177.21044.01.030.800.73
    and including 29.030.51.51352.31271.00.530.490.65
    and including33.535.11.5304.3179.01.400.180.22
    and including38.139.61.5368.3286.00.660.380.49
    and including50.353.33.0337.7154.50.661.652.2
    Interval103.6112.89.130.27.70.230.020.09









    21-JMRC-02From (m)To (m)Interval (m)AgEq (g/t)*Ag (g/t)Au (g/t)Pb (%)Zn (%)
    interval73.277.74.641.923.40.220.010.01
    interval86.994.57.666.114.80.620.010.04
    including89.991.41.5165.912.71.890.010.05
    interval126.5141.715.277.523.10.240.340.68
    including132.6138.76.1128.637.00.270.641.37
    interval170.7172.21.5137.545.00.470.660.96
    interval233.2234.71.5131.792.10.410.070.12









    21-JMRC-04From (m)To (m)Interval (m)AgEq (g/t)*Ag (g/t)Au (g/t)Pb (%)Zn (%)
    interval51.856.44.648.920.30.250.110.15
    interval77.785.37.6122.829.40.090.961.54
    including83.885.31.5368.176.40.322.365.28
    interval138.7141.73.0175.876.80.170.661.79
    interval202.7208.86.164.616.50.520.070.12


    Note: Only drill intercept lengths are reported in the table. Drill holes are designed to cut the mineralized zones as close to true width as possible, with true widths ranging from 70-95% of the reported drilled length.

    * Silver equivalent calculated using the following equation Ageq = Ag g/t + (80 x Au g/t) + (0.003 x Pb g/t) + (0.0037 x Zn g/t)



    Figure 4. Focus of Inaugural 5,000m Drill Program Targeting High-Grade Silver Mineralization at the Peñoles Project

    To view an enhanced version of Figure 4, please visit:
    orders.newsfilecorp.com

    Note: 2022 High grade Silver Targets: Jesus Maria Deposit (JM), Jesus Maria North (JMN), Gully Fault (GF) and Silver South (Silver target below Capitan Hill Oxide-Gold deposit).

    About the Jesus María Silver Deposit

    The Jesus Maria (JM) silver deposit is located approximately 280m to the northeast of the Capitan deposit (see figures 1 & 3). It has been traced by surface trenching and diamond drilling over a strike length of 750m and to a depth of 150m, with the majority of drilling focused over 250m strike length and less than 100m below surface.

    The Jesus Maria Silver deposit has a long mining history going back to the late 1800's, when the Penoles Mining company constructed several shafts and drifts to exploit the high-grade silver veins in the area. In recent years, work programs conducted by previous operators has demonstrated significant potential at the Jesus Maria silver deposit. The work to date has identified Two (2) distinct styles of silver mineralization:

  • High-grade silver polymetallic veins (Silver gold lead-Zinc)
  • High-grade silver with gold veins
    • Highlights of trenching and diamond drilling by previous operators are presented below:

    Prior Trenching Highlights - Jesus Maria (2011-2013)

  • 22m of 224g/t Ag, 1.08 g/t Au, 2.5% Pb and 1.7% Zn (2011)
  • 8.3m of 144 g/t Ag, 1.68 g/t Au, 2.4% Pb and 2.2% Zn (2011)
  • 13.4m of 309 g/t Ag, 1.7 g/t Au. 2.4% Pb and 0.6% Zn (2011)
  • 15.4m of 420.8 g/t Ag, 0.15 Au (2013)
  • Including 2m of 2,152.2 g/t Ag and 0.48 g/t Au
  • 15.8m of 129.8 g/t Ag and 0.16 g/t Au (2013)
  • Including 2m of 378.9 g/t Ag and 0.97 g/t Au
    • Prior Diamond Drill Highlights - Jesus Maria (2013-2014)

    High-grade Silver Polymetallic veins

  • JM-DDH-13-06: 0.9m of 3,409.1 g/t Ag, 0.9 Au, 3.4% Pb and 7.1% Zn within a wider interval of 11.85m of 320.3 g/t Ag and 0.17 Au
  • JM-DDH-13-07: 2.1m of 279.5 g/t Ag, 0.21 g/t Au, 4.09% Pb and 7.57% Zn
  • JM-DDH-14-10: 2.3m of 113.8 g/t Ag, 0.82 g/t Au, 4.3% Pb and 1.8% Zn
    • High Grade Silver & Gold Veins

  • JM-DDH-14-24: 7.15m of 988 g/t Ag and 1.24 g/t Au within a wider interval of 70.8m of 147.8 g/t Ag, 0.37 g/t Au
  • JM-DDH-14-10: 4.25m of 732.2 g/t Ag, 1.2 g/t Au, within a wider interval of 40.6m of 123.9g/t Ag and 0.54 g/t Au
  • JM-DDH-13-07: 2m of 988.5 g/t Ag, 0.23 g/t Au within an interval of 4m of 533 g/t Ag and 0.16 g/t Au
  • JM-DDH-14-27: 4.7m of 398 g/t Ag and 1.33 g/t Au within a wider interval of 47m of 125 g/t Ag and 0.4 g/t Au
    • Approximately 3,100m of diamond drilling were completed by previous operators at the Jesus Maria silver deposit (2011-2014), which were used to complete an initial 43-101 compliant, Inferred resource in 2015 consisting of 7.5M tonnes at 62 g/t Ag (15M ounces) and 0.1 g/t Au (26k ounces).

    Qualified Person & QA/QC

    The scientific and technical data contained in this news release pertaining to the Peñoles Project was reviewed and approved by Marc Idziszek, P.Geo, a non-independent qualified person to Capitan Mining, who is responsible for ensuring that the technical information provided in this news release is accurate and who acts as a "qualified person" under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

    Capitan Mining Inc. has a Quality Assurance/Quality Control program that includes insertion and verification of control samples including standard reference material, blanks and duplicates consistent with industry standards.

    RC drill samples from the Peñoles Project are collected and split at the drill site using a Gilson Universal Splitter. The samples are stored in either plastic bags (dry) or micropore bags (wet) and secured with plastic zip-ties and then transported to the preparation laboratory of Bureau Veritas in Hermosillo, Sonora. The sample pulps are then transported to the Bureau Veritas' laboratory in Vancouver, where they are assayed for gold by fire assay with atomic absorption finish (FA430 assay method code; 0.005 to 10 ppm detection limit). Samples over 10 ppm Au and over 100 ppm Ag are assayed with gravimetric finish (Assay code FA530). All samples are also assayed by ICP-ES (code AQ300) for a suite of 33 elements. Samples over 1%Pb and Zn are assayed by Aqua regia Ore Grade ICP-ES (AQ 370).

    All summarized intervals reported in this press release were calculated using a 25 ppm Ag equivalent (Ageq) cut-off grade with Ageq considering Ag, Au, Pb and Zn and calculated as follows: Ageq = Ag g/t + (80x Au g/t) + (0.003 x Pb g/t) + (0.0037 x Zn g/t). Intervals contain no more than 3 metres of internal dilution. High grades have not been capped.

    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.
    info@capitanmining.com
    Phone: (778) 327-6671
    Fax: (778) 327-6675
    Web: www.capitanmining.com

    Raffi Elmajian
    Corporate Communications
    Capitan Mining Inc.
    info@capitanmining.com
    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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