YUKON — Exploration at the Minto copper-gold mine in the Carmacks Division has unearthed a fifth high-grade discovery in less than five years for Capstone Mining of Vancouver. The Minto North target assayed 2.7% Cu over 26.5 metres, including 7.1% Cu over 4.1 metres, opening up what Capstone says is a whole new exploration area.
The new discovery lies about 600 metres north-northwest of the current open pit. The mineralization occurred at relatively shallow depths and is similar in grade, thickness and style to that found in the pit. The new find lies directly on a linear trend that includes, from south to north, the Ridgetop, Area 2/Area 118 and Main deposits followed by Minto North.
Capstone noted that the three discovery holes intersected thick intervals of bornite-rich, high-grade copper-gold mineralization. “The Minto North discovery marks the first success north of the DEF fault, which previously marked the northern limit of economically significant mineralization on the Minto mine property, noted president and COO Stephen Quin. “This discovery opens up the potential of the underexplored northern half of the Minto mine property, an area that had largely been ignored by past explorers and has seen little exploration drilling.”
A map of current drill hole locations and a cross-section from Minto North to the Main deposit are available at www.CapstoneMining.com.