Exploration drilling at the mine has been completed for the season and geologic modeling has started with the objective of completing the first NI43-101 compliant mineral resource estimate for Wildfire and Copper Keel before the end of 2010.
The extent of both the shallower (Wildfire) and deeper (Copper Keel) mineralized horizons have increased significantly as a result of this recent drilling and the Copper Keel horizon, in particular, is still open to the north and east.
Capstone president Stephen Quin said that the Wildfire discovery and the expanded Copper Keel mineralization continue to return good thicknesses and grades.
"These zones remain open to further expansion and offer potential for significant mineral resource additions based both on the drilling completed in 2010 and the potential for further expansions in 2011, when exploration drilling resumes in early 2011," Quin said.
Geologic modeling for the Wildfire discovery and the Copper Keel horizon is underway, with the objective of completing a maiden mineral resource estimate for these areas before the end of 2010.
