The directors of Capital Mining Limited (ASX:CMY) are most pleased to announce that very positive results have been obtained from its recently completed drilling program at the Mayfield and Limekilns Prospects within the Mayfield Joint Venture Project area.
Exploration at Mayfield is being focused on two promising gold, silver, copper lead and zinc bearing skarn style deposits and is being conducted in joint venture with Forge Resources Limited (ACN 139 886 187). Capital has earned a 51% equity interest in the project and is managing the exploration.
At the Mayfield Prospect, exploration is well advanced and a JORC Inferred resource of: 4.0 million tonnes at 0.4% copper, 0.6% g/t gold and 8.4 g/t silver containing: 16,000 tonnes of copper; 77,000 ounces of gold; and 1.2 million ounces of silver has been established (see CMY:ASX release of 28 September 2009).
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