Capstone Reports Enhanced Preliminary Economic Assessment for Kutcho Copper-Zinc Project, BC
By Capstone Mining Corp., PRNEMonday, July 12, 2010
Report Demonstrates Robust Economics & Key Opportunities for High Grade Underground Copper-Zinc Mine
VANCOUVER, July 13, 2010 - Capstone Mining Corp. (CS: TSX) today announced that its wholly owned
subsidiary, Kutcho Copper Corp., has received the results of a revised
Preliminary Economic Assessment ("2010 PEA") completed by JDS Energy & Mining
Inc. ("JDS") on its Kutcho Project in north-western BC. The 2010 PEA followed
through on several opportunities identified in the 2009 preliminary
assessment, such as enhanced metallurgical performance and reductions in
power expenditures. In addition, the review optimized capital and operating
expenditures as well as production schedules. All of these initiatives
significantly enhanced the economic return of the project and support
advancing the project towards completion of a pre-feasibility study,
permitting and stakeholder consultations.
Highlights of PEA
—————–
The 2010 PEA brings the Kutcho Project significantly closer to a viable
development option since it has improved the key economic performance
indicators and provides an attractive return on investment. Following are the
highlights of the 2010 PEA (with all amounts in C$ unless otherwise stated):
- The Net Present Value (after tax) at a 10% discount rate is
$77 million at US$2.25/lb of copper;
- The IRR (after tax) is 22%, with a payback period of 3.7 years;
- Total cash costs(x) of US$1.14 per pound of payable copper, net of
by-product credits and including selling costs;
- Pre-production capital costs of $134.2 million, including a 15%
contingency;
- Small scale starter pit followed by underground extraction of the
majority of the mill feed;
- Mill feed of 10.9 million tonnes with an average grade of 2.01%
copper, 2.80% zinc, 29.8 grams per tonne ("g/t") silver and 0.36g/t
gold, of which 10.1% is in the inferred category (see comments
below);
- Average annual throughput of 2,500 tonnes per day over a 12 year mine
life producing separate copper and zinc concentrates, with by-product
gold and silver reporting to the copper concentrate;
- Average annual production of 35.5 million pounds of copper,
39.8 million pounds of zinc, 5,425 ounces of gold and 480,000 ounces
of silver in concentrates over the 12 year mine life;
- Significantly reduced environmental footprint as a result of minimal
open pit mining (4% of the total production), and utilization of
tailings and waste for backfill underground, as well as an
encapsulated dry-stack arrangement for any tailings that are stored
on surface;
- Successfully increased copper recovery by 4% and optimized grinding
so that mill power consumption fell by 26%;
- Recommends advancing to a preliminary feasibility study.
"Given the scarcity of high-grade North American copper deposits,
Capstone is pleased that the robust economics of Kutcho Project support
advancing to the pre-feasibility stage and potentially into production," said
Darren Pylot, CEO of Capstone. "The high grade and low costs associated with
the Kutcho Project would complement our existing North American production
from the Cozamin and Minto mines."
"The improvements in energy costs, metallurgical performance and
underground mining successfully demonstrate that the Kutcho Project has the
potential to be a long term, financially rewarding, sustainable operation,"
said Stephen P. Quin, President of Capstone. "By re-scoping the project as a
shallow underground mining operation focused on high grades, we have
significantly reduced the environmental footprint of the project and now,
with the improved power costs, recovery, grinding, and production schedules,
we have positioned the Kutcho project to be a competitive copper producer for
Capstone," he said. "With annual production forecast at approximately 36
million pounds of copper and 40 million pounds of zinc, along with by-product
silver and gold, total cash costs(x) after by-product credits are estimated
at US$1.14 per pound of copper. Opportunities for further optimization have
been identified, and will be addressed in a pre-feasibility study."
(x) This is a non-GAAP performance measure and readers should refer to
Non-GAAP Performance Measures note at the end of this news release for
further details.
Kutcho Preliminary Economic Assessment Summary
———————————————-
Changed Approach
The 2010 PEA supersedes and replaces prior development options, which
should no longer be relied upon. The principle changes from prior studies
include increased copper recovery, decreased mill power consumption (by
optimizing the grinding circuit), decreased unit power expenditures (by
replacing diesel generators with liquefied natural gas generators),
accelerated Esso high grade production (by investing in a dedicated access
ramp from surface rather than waiting to develop a ramp from the bottom of
the Main deposit to the Esso deposit), and utilizing hydraulic sand fill
rather than paste fill (which significantly reduced capital expenditures).
Geology & Mineralization
The Kutcho property contains three known Kuroko-type volcanogenic massive
sulphide ("VMS") deposits as well as numerous other indications of potential
for additional mineralization. The three known deposits are aligned in a
westerly plunging linear trend and, from east to west, they are called the
Main, Sumac, and Esso deposits. The largest of the three, the "Main" deposit,
comes to surface near the eastern end of this trend, whereas the "Esso"
deposit occurs at depths about 400-600m below surface at the western or down
plunge end of the trend (as it is currently known). The Sumac deposit lies
between the Main and Esso deposits both laterally and vertically, but has
seen only cursory drilling. The mineralized trend is open down plunge and
along strike, but is poorly explored, indicating exploration opportunities
for the future.
Mineral Resources
The mineral resources for the Kutcho Project were estimated by Garth
Kirkham, P.Geo., an independent Qualified Person as defined by National
Instrument 43-101 ("NI 43-101") and were reported in a news release dated
February 9, 2009 but are summarized below for convenience. Readers should
review that news release for additional information, including the
contribution of each deposit to the overall mineral resource, the mineral
resource estimates at different cut-off grades, the parameters used in the
estimate and the required NI 43-101 disclosure.
Kutcho Project - Mineral Resource Estimate at a 1.5% Copper
Cut-Off for All Deposits(1)
-------------------------------------------------------------------------
Grade Contained Metal
--------------------------------------------------------
Tonnes Copper Zinc
Class (000's) Copper (mill- (mill- Gold Silver
Copper Zinc Gold Silver Equiv. ions ions (000s (000s
(%) (%) (g/t) (g/t) (%)(2) lb) lb) oz) oz)
-------------------------------------------------------------------------
Measured
(M) 5,421 2.15 2.86 0.34 31.4 3.70 256.6 341.8 59 5,482
-------------------------------------------------------------------------
Indicated
(I) 4,994 2.14 2.83 0.39 33.5 3.74 235.8 312.0 62 5,376
-------------------------------------------------------------------------
M & I 10,415 2.14 2.85 0.36 32.4 3.72 492.4 653.8 121 10,857
-------------------------------------------------------------------------
Inferred 1,893 2.09 2.93 0.46 33.6 3.78 87.3 122.4 28 2,047
-------------------------------------------------------------------------
(1) Numbers may not total due to rounding
(2) Equivalent copper grade was calculated using these metal prices in
US$: Cu=$1.50/lb, Zn=$0.50/lb, Ag=12.00/oz, Au=$700.00/oz
Metallurgy
As is common for VMS deposits, the mineralogy of the deposits comprising
the Kutcho Project is fine grained and requires a relatively fine primary
grind to produce zinc that is followed by a fine regrind to produce the
copper concentrate with reasonable recoveries and concentrate grades. During
2010, extensive test work was completed on grinding, where the initial grind
was coarsened from 40 microns to 60-78 microns and regrinding which was
increased from 20 microns to 38 microns. In addition, a promoter that was
more selective for copper was tested with good results. This metallurgical
program resulted in higher recovery, decreased concentrate grade, a major
decrease in power consumption and an increase in reagent operating
expenditures. The test work utilized core that was stored in nitrogen to
minimize the risk of oxidation. Based on the results of this test work, the
2010 PEA uses the following parameters.
Kutcho Project - Metallurgical Recoveries used in PEA
------------------------------------------------------------------
Assumed Assumed Copper Assumed Zinc
Metal Recovery Concentrate Grade Concentrate Grade
------------------------------------------------------------------
Copper 88% 25.7%
------------------------------------------------------------------
Zinc 70% 1.5% 54.3%
------------------------------------------------------------------
Gold 52% 2.71 g/t
------------------------------------------------------------------
Silver 55% 242 g/t
------------------------------------------------------------------
As discussed in the opportunities section below, there is potential to
further improve metallurgical performance, which could benefit the project
economics. All core drilled in the Main deposit in 2008 is stored in
non-oxidizing conditions and is available for the next round of test work.
New core will need to be collected for the Esso deposit.
Mine Plan
The mining resource is summarized by deposit and mining method in the
table below. The Main and Esso deposits vary in dip from 30-70 degrees and in
width from 3-20m. The Main deposit essentially outcrops on surface and
extends to depth of approximately 250m below surface, while the Esso deposit
lies approximately 1,500 m to the west and extends to a depth of 400-600m
below surface.
A small starter pit will be pre-stripped in Year -1 and will provide ore
in Year 1 while the underground mine is being developed. Two underground
mining methods are proposed: mechanized cut & fill ("MCF") for the shallow
dipping mineralization, and sublevel long-hole ("LH") stoping with backfill
for those blocks amenable to bulk mining. The initial pre-production
development period is estimated to 18 months. During the first year, mine
production from the Main deposit ramps up to 2,500tpd. Production from the
Esso deposit commences in Year 3 and continues into Year 8. The Main deposit
then provides mill feed from Years 9 to the end of mine life in Year 12.
Kutcho Project - Mining Resource used in PEA
-------------------------------------------------------------------------
Mining Area &
Method(x) Tonnes Cu % Zn % Ag g/t Au g/t Eq. Cu %
-------------------------------------------------------------------------
Main LH 3,056,439 1.84 2.41 27.89 0.29 2.94
-------------------------------------------------------------------------
Main MCF 4,793,260 1.98 2.64 28.31 0.31 3.18
-------------------------------------------------------------------------
Esso LH 1,436,238 2.10 3.43 34.46 0.45 3.66
-------------------------------------------------------------------------
Esso MCF 1,209,563 2.49 4.08 37.45 0.61 4.35
-------------------------------------------------------------------------
Main - Starter Pit 446,215 1.88 1.64 23.86 0.26 2.65
-------------------------------------------------------------------------
Grand Total 10,941,715 2.01 2.80 29.80 0.36 3.28
-------------------------------------------------------------------------
Of the material within the mine plan, 21.1% is measured, 68.8% is
indicated and 10.1% is in the inferred category. Mineral Resources that are
not mineral reserves do not have demonstrated economic viability. Mineral
resource estimates do not account for mineability, selectivity, mining loss
and dilution. These mineral resource estimates include inferred mineral
resources that are normally considered too speculative geologically to have
economic considerations applied to them that would enable them to be
categorized as mineral reserves. There is also no certainty that these
inferred mineral resources will be converted to measured and indicated
categories through further drilling, or into mineral reserves, once economic
considerations are applied.
Production Summary
Life of mine production is summarized below.
-------------------------------------------------------------------------
Production Year
Parameter Unit Total ------------------------------------------------
1 2 3 4 5 6
-------------------------------------------------------------------------
Mill Feed Kt 10,941.7 904 913 913 913 913 913
-------------------------------------------------------------------------
Copper % 2.01% 1.88% 1.97% 2.09% 2.34% 2.24% 2.06%
-------------------------------------------------------------------------
Zinc % 2.80% 1.70% 2.30% 2.77% 3.77% 3.65% 2.92%
-------------------------------------------------------------------------
Gold g/t 0.36 0.31 0.28 0.41 0.52 0.47 0.37
-------------------------------------------------------------------------
Silver g/t 29.80 26.33 28.81 31.65 35.55 33.26 31.73
-------------------------------------------------------------------------
Cu Con
Produced dmt 752,309 57,666 60,848 65,980 75,652 71,672 65,160
-------------------------------------------------------------------------
Zinc Con
Produced dmt 398,824 15,814 26,319 33,090 48,131 45,971 35,325
-------------------------------------------------------------------------
Copper
in Cu
Con M lbs 426.2 32.7 34.5 37.4 42.9 40.6 36.9
-------------------------------------------------------------------------
Gold in
Cu Con oz 65,100 4,666 4,346 6,192 7,983 7,122 5,659
-------------------------------------------------------------------------
Silver in
Cu Con oz 5,766,687 421,030 464,869 510,637 573,572 536,610 511,984
-------------------------------------------------------------------------
Zinc in
Zn Con M lbs 477.4 18.9 31.5 39.6 57.6 55.0 42.3
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Production Year
Parameter Unit Total ------------------------------------------------
7 8 9 10 11 12
-------------------------------------------------------------------------
Mill Feed Kt 10,941.7 913 913 913 913 913 912
-------------------------------------------------------------------------
Copper % 2.01% 1.87% 1.94% 1.89% 1.92% 2.01% 1.85%
-------------------------------------------------------------------------
Zinc % 2.80% 2.84% 2.89% 2.90% 2.79% 2.71% 2.33%
-------------------------------------------------------------------------
Gold g/t 0.36 0.32 0.34 0.32 0.31 0.29 0.32
-------------------------------------------------------------------------
Silver g/t 29.80 29.58 27.78 28.65 28.30 28.19 27.82
-------------------------------------------------------------------------
Cu Con
Produced dmt 752,309 57,642 59,962 58,334 59,259 63,649 56,484
-------------------------------------------------------------------------
Zinc Con
Produced dmt 398,824 33,890 34,448 34,556 33,230 31,847 26,204
-------------------------------------------------------------------------
Copper
in Cu
Con M lbs 426.2 32.7 34.0 33.1 33.6 36.1 32.0
-------------------------------------------------------------------------
Gold in
Cu Con oz 65,100 4,941 5,201 4,828 4,769 4,471 4,921
-------------------------------------------------------------------------
Silver in
Cu Con oz 5,766,687 477,226 448,227 462,234 456,599 454,860 448,837
-------------------------------------------------------------------------
Zinc in
Zn Con M lbs 477.4 40.6 41.2 41.4 39.8 38.1 31.4
-------------------------------------------------------------------------
Waste Management Plan
Capstone's commitment to significantly reduce surface disturbance, which
is a major benefit to abandonment and restoration plans, continued to be
utilized in the 2010 PEA. Tailings, after extraction of recoverable metals,
will be either filtered and disposed of underground as hydraulic backfill or
filtered and dry stacked within a lined facility in order to minimize
potential leakage and oxidation. The dry stack tailings facility will be
located well away from natural drainages. There will be no conventional
tailings storage involved. Underground mine development will generate waste
rock, the majority of which is expected to be not potentially acid generating
("non-PAG") rock that can be utilized during the construction of civil works
and the tailings berm. The remainder of the non-PAG waste and all of the
potentially acid generating ("PAG") waste will be stored underground. The
small starter pit will be backfilled with tailings and likely covered with
non-PAG waste to eliminate potential for acid generation.
Environmental Considerations
The Kutcho Project is not permitted for development or production. In
order to re-initiate the permitting process, the PEA will be used as the
basis to re-engage the regulators and stakeholders, including First Nations.
Capital Cost
Direct capital costs were estimated at C$93.8 million, including C$18.0
million of off-site infrastructure. Indirect costs and a 15% contingency
bring the initial capital cost to a total of C$134.2 million. The direct
capital includes savings generated by the purchase of a used processing
facility with the fixed plant components, and exclude capital leases included
in operating costs below.
Operating Costs
Total operating costs, including capital leases carried as an operating
expense, are estimated in the 2010 PEA as C$66.64 per tonne of ore processed,
broken down as follows:
Kutcho Project - Operating Costs used in PEA
---------------------------------
Unit Cost
Activity/Item (C$/tonne)
---------------------------------
Mining $29.23
---------------------------------
Processing $20.17
---------------------------------
Administration $11.66
---------------------------------
Capital Leases $3.29
---------------------------------
Royalties $2.29
---------------------------------
Total $66.64
---------------------------------
Economic Analysis
The economic assessment in the PEA is preliminary in nature and uses
inferred mineral resources that are considered too speculative geologically
to have the economic considerations applied to them that would enable them to
be categorized as mineral reserves, and there is no certainty that this
preliminary economic assessment will be realized. The inferred mineral
resource used in the mine plan is 10.1% of the total life of mine ("LOM")
mineral resource.
One LOM price scenario was evaluated; the "Base Case" used constant
prices designed to approximate long term projections, with no escalation or
de-escalation going forward. The Canadian or US$ exchange rate is held
constant at a value of 1.15, which is consistent with the three year trailing
average correlation between the US$/C$ exchange rate and the US$ copper
price. The results of the economic analysis are summarized below:
Kutcho Project - Summary of Economic Analysis
-------------------------------------------------------------------------
Item Unit Base Case
-------------------------------------------------------------------------
Copper Price US$/lb $2.25
-------------------------------------------------------------------------
Zinc Price US$/lb $0.80
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Gold price US$/oz $850
-------------------------------------------------------------------------
Silver price US$/oz $13.50
-------------------------------------------------------------------------
Exchange rate C$:US$ $1.15:$1.00
-------------------------------------------------------------------------
Unit Mining Costs $/t milled $29.23
-------------------------------------------------------------------------
Unit Milling Costs $/t milled $20.17
-------------------------------------------------------------------------
Unit G&A and Site Services $/t milled $11.66
-------------------------------------------------------------------------
Unit Capital Lease Costs $/t milled $3.29
-------------------------------------------------------------------------
Unit Total Operating Costs $/t milled $64.35
-------------------------------------------------------------------------
Unit Total Operating Costs(x)
(including royalties) $/t milled $66.64
-------------------------------------------------------------------------
Total Cash Costs(x) (after Zn, Au,
Ag credits and offsite costs) US$/lb Cu $1.14
-------------------------------------------------------------------------
Total Capital (excluding sustaining
capital, capital leases and closure) C$M $134.2
-------------------------------------------------------------------------
NPV10% Pre Tax C$M $123
-------------------------------------------------------------------------
NPV10% After Tax C$M $77
-------------------------------------------------------------------------
IRR Pre Tax % 26%
-------------------------------------------------------------------------
IRR After Tax % 22%
-------------------------------------------------------------------------
Payback Period (After Tax) Years 3.7
-------------------------------------------------------------------------
(x) This is a non-GAAP performance measure and readers should refer to
Non-GAAP Performance Measures note at the end of this news release for
further details.
Sensitivity Analysis
Sensitivity analysis was carried out using metal prices, mill head grade,
capital costs and operating costs as variables. Each variable was changed
independently. Sensitivities were generated using the NPV(at)10% discount
rate as the measure of project performance. The net present value ("NPV") of
the project is most affected by the price of metal or parameters directly
affecting revenue such as metal recovery, exchange rate and head grade. Also,
project performance is more sensitive to operating than capital costs. These
results identify areas on which a preliminary feasibility study can focus in
order to effect positive changes to economic performance of the Kutcho
project such as metallurgical recovery of zinc and increased copper
concentrate grade, as well as operating cost control, can have a marked
effect on the project. Capital costs have a relatively small impact on NPV
and may be in part a result of using capital leasing to reduce the amount of
preproduction capital and in effect moving these burdens to the operating
side.
Risks & Opportunities:
Aside from the usual risk associated with the advancement of a mineral
project towards a production decision, such as metal prices, resource
continuity, mineability, construction risk, capital and operating cost risk,
the principal risk related to the Kutcho Project is confirmation of the
metallurgical parameters used in the 2010 PEA. Additional metallurgical test
work is required during the pre-feasibility study to confirm these estimates
and potentially enhance the performance of the project by increasing zinc
recovery and copper concentrate grade, as well as lower reagent operating
expenditures.
The two greatest opportunities to enhance the economics of the project
are increased metallurgical recoveries and utilizing a cheaper power supply.
These opportunities at Base Case metal prices have been quantified below:
1. The utilization of wind power, small hydro and/or connection to the
BC Hydro grid have good potential of decreasing unit power costs from
$0.16/kWh to $0.12/kWh, which increases Base Case net present value
at a 10% discount rate ("NPV10%") by $6 million to $83 million and
the internal rate of return ("IRR") from 22% to 23%;
2. A 4.6% increase in copper concentrate grade from the current estimate
of 25.7% to 30.3% increases the NPV10% to $85 million and the IRR to
23%;
3. A 4% increase in zinc recoveries from the current estimate of 70% to
74% increases the NPV10% to $81 million and the IRR remains at 22%;
4. The Esso deposit remains open to expansion, while the lower grade
Sumac deposit is only drilled with 11 wide-spaced holes, two of which
have more attractive grades. Exploration success in Esso and/or Sumac
could result in increased mineral resources and mineral reserves;
5. There is potential for the discovery of additional deposits outside
of the three known deposits within the Kutcho property.
---------------
With the 2010 PEA in hand, Kutcho Copper has now provided a benchmark
against which to more thoroughly evaluate the potential economics for the
advancement and development of the Kutcho Project. From the sensitivities and
risks and opportunities discussed above, it is clear that the principal focus
should be on continuing to enhance the metallurgical performance of the
Kutcho Project and evaluating options for lower cost power.
Technical Report
—————-
The full PEA, prepared as a NI 43-101 compliant Technical Report, will be
filed under Capstone's profile on SEDAR at www.sedar.com and available
on Capstone's website at capstonemining.com/i/pdf/2010-07-06_KPEA.pdf
Quality Assurance
The technical information in this news release has been prepared in
accordance with Canadian regulatory requirements set out in National
Instrument 43-101 and reviewed by Stephen P. Quin, P. Geo., President of
Capstone Mining Corp. The PEA was prepared with input from the following:
Michael Makarenko, P.Eng., JDS Energy & Mining Inc.; Wayne Corso, JDS Energy
& Mining Inc.; Bob Princewright, P. Eng., JDS Energy & Mining Inc.; Ali
Sheykholeslami, P.Eng., JDS Energy & Mining Inc.; Garth Kirkham, P. Geol.,
Kirkham Geosystems Inc.; David Hendriks, P.Eng., Techpro; and Brad Mercer, P.
Geol., Capstone Mining Corp. who are responsible for certain sections of the
PEA as detailed in the PEA.
Forward-Looking Statements
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.
Forward-looking statements relate to future events or future performance
and reflect Company management's expectations or beliefs regarding future
events and include, but are not limited to, statements with respect to the
estimation of mineral reserves and mineral resources, the realization of
mineral reserve estimates, the timing and amount of estimated future
production, costs of production, capital expenditures, success of mining
operations, environmental risks, unanticipated reclamation expenses, title
disputes or claims and limitations on insurance coverage. In certain cases,
forward-looking statements can be identified by the use of words such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", or "believes", or variations of such words and phrases or
statements that certain actions, events or results "may", "could", "would",
"might" or "will be taken", "occur" or "be achieved" or the negative of these
terms or comparable terminology. By their very nature forward-looking
statements involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of the
Company to be materially different from any future results, performance or
achievements expressed or implied by the forward-looking statements. Such
factors include, among others, risks related to actual results of current
exploration activities; changes in project parameters as plans continue to be
refined; future prices of resources; possible variations in ore reserves,
grade or recovery rates; accidents, labour disputes and other risks of the
mining industry; delays in obtaining governmental approvals or financing or
in the completion of development or construction activities; as well as those
factors detailed from time to time in the Company's interim and annual
financial statements and management's discussion and analysis of those
statements, all of which are filed and available for review on SEDAR at
www.sedar.com. Although the Company has attempted to identify important
factors that could cause actual actions, events or results to differ
materially from those described in forward-looking statements, there may be
other factors that cause actions, events or results not to be as anticipated,
estimated or intended. The Company provides no assurance that forward-looking
statements will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
statements.
(x) Non-GAAP Performance Measures
"Total Cash Costs" and "Unit Total Operating Costs" are Non-GAAP
Performance Measures. These performance measures are included because these
statistics are key performance measures that management uses to monitor
performance. Management uses these statistics to assess how the Company is
performing to plan and to assess the overall effectiveness and efficiency of
mining operations. These performance measures do not have a meaning within
GAAP and, therefore, amounts presented may not be comparable to similar data
presented by other mining companies. These performance measures should not be
considered in isolation as a substitute for measures of performance in
accordance with GAAP.
For further information: about Capstone, please contact: Darren Pylot,
Vice Chairman & CEO or Stephen Quin, President or Zobeida Slogan, Investor
Relations, at +1(604)684-8894 or toll free at +1(866)684-8894 or e-mail
Capstone at: info@capstonemining.com
For further information: about Capstone, please contact: Darren Pylot, Vice Chairman & CEO or Stephen Quin, President or Zobeida Slogan, Investor Relations, at +1(604)684-8894 or toll free at +1(866)684-8894 or e-mail Capstone at: info at capstonemining.com
Tags: canada, Capstone Mining Corp, July 13, Vancouver
