Capitan Mining Inc. is pleased to announce its intention to raise C$3,200,000, by way of a non-brokered private placement of 16,000,000 common shares at a price of C$0.20 per Share . The financing is led by a strategic investment of C$1,600,000 by Mr. Michael Gentile, CFA which will increase his position in Capitan Mining to 15.3%. "I'm very pleased to make this strategic investment in Capitan Mining. From my perspective [...]
Capitan Mining Inc. is pleased to report ongoing drill results from its previously announced 6,000m drill program at the El Capitan gold zone. Highlights: All holes successfully tested and returned Capitan Style oxide gold mineralization over significant widths RC Hole 21-CARC-19: intersected 33.5m of 0.4 g/t gold equivalent RC Holes 21-CARC-19 and 20 extended mineralized zones along strike as well as down-dip, and showed [...]
Capitan Mining Inc. is pleased to report the last two drill holes of its 2020 drilling program. These holes are part of a larger ongoing 6,000m drill program targeting the El Capitan oxide gold zone at the 100% owned Peñoles Project in Durango, Mexico. Highlights Include: 20- CARC-16 intersected 64m of 0.59 g/t gold equivalent; including 25.8m of 0.87 g/t gold equivalent 20-CARC 17 intersected 35.1m of 0.33 g/t AuEq and [...]
Capitan Mining Inc. is pleased to report results for five drill holes. Release Highlights: 20-CARC-11 intersected 57.9 m of 0.94 g/t AuEq including 18.3 m of 2.04 g/t AuEq. 20-CARC-13 intersected 100.6 m of 0.42 g/t AuEq including 21.3 m of 0.67 AuEq. New drilling has confirmed that Capitan Hill gold mineralization continues along strike to the east, over 250 m beyond the 2015 43-101 resource and remains open to expansion [...]
Capitan Mining Inc. is pleased to report results for three drill holes from its on-going 6,000 metre reverse circulation drill program at the Peñoles Project in Durango, Mexico, drill holes 20-CARC-08, 20-CARC09 and 20-CARC-12. Drill Highlights: RC Hole 20-CARC-12: intersected 36.5 m of 0.91 g/t Au equivalent* within a larger interval of 73.15 m of 0.63 g/t gold equivalent; This hole also intersected significant widths of [...]
Capitan Mining Inc. is pleased to report results for the first seven drill holes from the current and on-going 6,000 m reverse circulation drill program at the Peñoles Project in Durango. This initial drill campaign is focused on testing the continuity of known gold-silver zones at the Capitan Hill Deposit, both along strike and down-dip of the March 2015, 43-101 compliant, inferred resource outline, as well as infill [...]
Capitan Mining Inc. is pleased to announce that it has now received the necessary approvals for its drill program at the Peñoles Project in Durango, Mexico. A drill rig has been mobilized and the maiden drill campaign has commenced. The first phase of the drill program will include 6,000 meters of reverse circulation drilling, focusing primarily on step-out holes on the gold mineralization at the Capitan Hill gold zone to [...]
Capitan Mining Inc. is pleased to announce that it has now received final approval by the TSX Venture Exchange and its shares will commence trading on Thursday, September 10, 2020 under the symbol "CAPT". Capitan's CEO, Alberto Orozco, stated: "We are very excited to achieve this milestone. Our team has been working hard to get the Company to this point and we feel very excited to start trading. Capitan will now focus its [...]
Capitan Mining is pleased to announce it has closed its private placement of common shares. The Private Placement was over-subscribed and the Company issued 19,204,425 Shares at a price of $0.20 per Share for gross proceeds of $3,840,885.00 instead of the 10,000,000 Shares originally contemplated. With respect to a portion of the funds raised in the Private Placement, the Company paid cash finders' fees of $70,000 to Red [...]
Riverside Resources Inc. is pleased to announce that it has completed the plan of arrangement which was previously discussed in press releases dated February 25, 2020, April 1, 2020 and April 6, 2020, with the arrangement to spin out the shares of Capitan Mining Inc. to the shareholders of Riverside, effective Friday August 14th, 2020. Capitan and its shareholders will now hold 100% interest of the gold-silver resource at [...]
Riverside Resources is pleased to announce that further to its press releases dated February 25, 2020 and April 1, 2020, the effective date for the spin-out of the Peñoles Project to its shareholders by way of a plan of arrangement with Capitan Mining Inc. is expected to occur at 12:01 a.m. on August 14, 2020. Pursuant to the arrangement, holders of common shares of Riverside on August 13, 2020 will receive one new common [...]
Riverside Resources is pleased to announce that, further to its press release dated February 25, 2020, it has received requisite shareholder approval for the spin-out of the Peñoles Project to its shareholders by way of a share capital reorganization effected through a statutory plan of arrangement at the Company's AGM. Riverside shareholders will receive one new common share of Riverside and 0.2767 of a Capitan share [...]
