Welcome to Capital Mining - ASX Code "CMY"
Capital Mining Limited (ACN 104
551 171) listed in March 2007 and is engaged in exploration
for deposits of gold, base metals, platinum, nickel, uranium
and other rare metals in south eastern Australia. The Company
is Canberra based and has a number of project areas in highly
prospective terrain in New South Wales and South Australia.
Capital has a well documented
track record of value adding through exploration success
and has drilled up resources of gold, copper, zinc, silver,
lead, zirconium, niobium, yttrium and thorium (a superior
nuclear fuel) in several of its tenements.
The Company is concentrating
its efforts on exploration of gold and gold-base metal prospects
with considerable discovery potential in the Southern Divide
Region of New South Wales and is also investigating a large
porphyry-style mineral system in the Central West where
the target is a gold-copper-molybdenum deposit analogous
to the world class ore bodies at Cadia-Ridgeway, Northparkes
and Cowal. Capital is also in the search for uranium in
South Australia and gold,platinum and nickel in Far Northwest
NSW.
News!
The exploration drive to find new gold deposits in NSW's Lachlan Fold Belt has taken another step forward with Commissioners Gold Limited commencing in February 2012 the first drilling of its Dalton project, northeast of Yass.
It is the second project to be drill targeted by Commissioners Gold (ASX: "CGU") since its ASX listing only in September last year. The Comany has since embarked on an active exploration and drilling campaign within its mineralised Lachlan Fold footprint stretching to the immediate north, east and south of Canberra .... read more
Mayfield Resource Update
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Gold-copper dominant mineral resource upgraded by 23% to 94,800 oz contained gold
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Zinc resource estimate lifted from 19,000 to 29,900 contained tonnes
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Increase in copper to 17,250 contained tonnes and silver to 1.3 million contained oz
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89% of resource is oxide material potentially amenable to low cost mining and milling
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Shallow gold enriched target zone defined over 600m of strike yet to be drilled
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Permits in place for follow up drilling
....read more
Highlights for the
December 2011 Quarter
CAPITAL RAISING COMPLETED
Equity capital raising made under 15% capacity
EXPLORATION - Gold - copper - silver ...
Drilling completed at two gold-base metals prospects in the Mayfield project area
Visible copper mineralisation logged over 32 metre intercept at Mayfield
Sulphide mineralisation logged in skarn and granite at Limekilns
Assaying in progress
EXPOLORATION - Zirconium - Niobium - Yttrium - Rare Earths
In situ resource upgraded by re-estimate
Inferred resource tonnage up-scaled from 55 to 73 million tonnes
Primary component - zirconium oxide up-graded by 25%
