Capitan Mining Announces Drill Results from Peñoles Project: Expands Gold Mineralization to Southwest and Southeast

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Vancouver, British Columbia–(Newsfile Corp. – May 20, 2021) – Capitan Mining Inc. (TSXV: CAPT) (“Capitan” or the “Company”) is pleased to report results from eight drill holes from its 2021 program on the Capitan gold zone.

Highlights:

  • Hole 21-CARC-24 returned 10.7m @ 0.56 g/t Aueq within a larger interval of 42.7m @ 0.34 g/t Aueq
  • All reported drill holes herein returned Capitan style mineralization, over significant width’s
  • To date the Capitan gold zone has been traced for 1.2 kilometres along strike and up to 450 metres down-dip and remains open in all directions except to the north.
  • These drill holes, complete the previously announced 6,000 metres drill campaign; consisting of 28 Reverse Circulation (RC) holes, all of which hit dominantly oxide gold mineralization
  • Drilling activities remain ongoing with updated guidance to be released in the coming days

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