Capote Gold Project
The project area is located within the historical Capote mining district made famous by the San Juan Mine, which was reported to have produced 0.5Moz Au at 40g/t Au and processed a total of 1.7 Moz Au at 52g/t Au. Bastion holds a significant landholding in the area with approximately 88.55km2 of licences.
High Priority Targets
The Capote Gold District hosts three main targets, and a series of earlier stage prospects where high-grade gold has been sampled at surface. Three key targets include:
Bastion has been utilising modern exploration techniques, including advanced geophysical and geochemical techniques, which has highlighted extensions to the high-grade surface gold at Capote.
Detailed 360-line-km of 25m spaced ground magnetics acquired over the San Juan Gold Mine and surrounding veins systems. Modelling has identified potential extensions to high-grade surface gold at the San Jaun Vein.
Multiple rock-chip campaigns have been completed over the Capote Mining District, which have returned numerous high-grade results, including a peak value of 64.4g/t Au, reinforcing the potential of this premium mining jurisdiction.
The final preparation stages of the Company’s maiden drilling program are currently underway. Drilling is aimed at expanding gold mineralisation around the known historical deposits at Yayito and Resurgimiento veins and testing several new greenfield target areas. The Company will undertake an approximately 5,000-metre diamond drilling program, with a focus on testing the shallow surface expression of multiple vein systems where high-grade gold has been returned from recent rock-chip campaigns. Drill hole locations are being designed and regulatory and environmental approvals process have commenced.