Welcome to Capital Mining - ASX Code "CMY"
Capital Mining Limited (ACN 104 551 171) listed in March 2007 and is engaged in the exploration for deposits of gold, base metals, platinum, nickel, uranium and other rare metals in south eastern Australia. The Company 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 and lead 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, North Parkes and Cowal. Capital is also in the search for uranium in South Australia and gold, platinum and nickel in Far Northwest NSW.
Capital Mining reported in April 2007 at its flagship Chakola Project north of Cooma a resource of 300,000 oz gold equivalent contained in-ground at 3g/t to 70metres depth. More recently in March 2012 it was announced to the ASX that the Mayfield project had a resource of 94,800 oz contained gold including a significant intercept of 20m @ 6.86 g/t gold, 2.1 g/t silver, 0.27% copper and 46.3% iron from 10m in MAAC09.
Capital Mining is also actively looking for new acquisitions and business oportunities.