Capote Gold Project
Overview
The Capote Gold Project consists of approximately 88.5km2 of granted mining and exploration tenements surrounding the historic San Juan Gold Mine, 20km northeast of Vallenar. Known mineralisation at Capote consists of high-grade gold occurring within quartz-carbonate-sulphide (iron oxide at surface) veins associated with north to northwest trending structures cutting the host granite and metamorphic rocks.
During 2022, the Company successfully completed its maiden drill campaign at the Capote Gold Project, totalling 4,056 meters, with results confirming that surface mineralisation extends to depth and along strike.
Significant intercepts reported included:
- 9.4m @ 2.52g/t from 42m in CPDH010;
- 1.05m @ 10.83g/t from 49m and 2.35m @ 5.00g/t from 49m in CPDH010 (included in the interval above);
- 1m @ 7.73g/t from 132m in CPDH010; and
- 4m @ 1.83g/t from 80m in CPDH012
