VANCOUVER, Dec. 11, 2013 /PRNewswire/ - Capstone Mining Corp. ("Capstone") (TSX: CS) has today filed on SEDAR an amended National Instrument 43-101 ("NI 43-101") technical report titled "Pinto Valley Property Mineral Resource Estimate," amended December 11, 2013, supporting the mineral resource estimate of the Pinto Valley copper mining operation, first announced April 28, 2013, with an initial technical report filed June 12, 2013.
The mineral resource estimate has not changed from what was first announced on April 28, 2013. Now that Capstone has completed the acquisition of the Pinto Valley property, additional information and technical details have become available allowing for additional disclosure.
Work on a Preliminary Feasibility Study ("PFS") is underway with expected completion in the first quarter of 2014. The PFS will consider the potential to extend operations within the currently permitted boundaries.
Both the initial and revised technical reports were prepared in accordance with NI 43-101 Standards of Disclosure for Mineral Projects and Form 43-101F1 by Garth Kirkham, P.Geo., of Kirkham Geosystems Ltd., an independent Qualified Person as defined by NI 43-101.About Capstone Mining Corp. Capstone Mining Corp. is a Canadian base metals mining company, committed to the responsible development of our assets and the environments in which we operate. We are focused on copper, with three producing mines; the Pinto Valley copper-molybdenum mine located in Arizona, US, the Cozamin copper-silver-zinc-lead mine in Zacatecas State, Mexico and the Minto copper-gold-silver mine in Yukon, Canada. In addition, Capstone has two development projects; the large scale 70% owned Santo Domingo copper-iron-gold project in Region III, Chile, in partnership with Korea Resources Corporation, and the 100% owned Kutcho copper-zinc-gold-silver project in British Columbia, Canada, as well as exploration properties in Canada, Chile and Mexico. Using our cash flow and strong balance sheet as a platform, Capstone's strategy is to continue to grow with mineral resource and reserve expansions and exploration, and through acquisitions in politically stable, mining-friendly regions. We will pace our growth with our financial capacity, ensuring we retain, as a priority, sufficient financial flexibility to meet the requirements of our existing operations and our committed development projects, while maintaining an adequate cushion to deal with market volatility and operating risks inherent in the mining industry. Our headquarters are in Vancouver, Canada and we are listed on the Toronto Stock Exchange (TSX). Further information is available at www.capstonemining.com. Cautionary Note Regarding Forward-Looking Information This document may contain "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). These forward-looking statements are made as of the date of this document and Capstone Mining Corp. (the "Company") does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities legislation.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts