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Capstone Mining Reports High Grade Copper at Cozamin Mine Mexico

Capstone Mining has reported high grades of copper at its Cozamin Mine in Zacatecas, Mexico. The measured and indicated resources are being estimated at 1.45 million tonnes with 2.32% copper, 0.17% zinc and 36.6 g/t silver for 74.2 million pounds of contained copper.

Additional inferred resources have been calculated at over 2.84 million tonnes with grades of 2.61% copper, 0.28% zinc and 30.8 g/t silver, for 162.9 million pounds of contained copper. Two diamond drill rigs are infill drilling at the resource area to study the viability of mine life extension.

Brad Mercer the Vice President of Exploration for Capstone said that the size and grade of this new mineral resource estimate allows Capstone to now consider production expansion scenarios as well as extended mine life in an upcoming pre-feasibility study to begin in the third quarter of 2011.

Capstone Mining is also adding to its board of directors after completing its deal with Far West Mining and Korea resources Corporation to develop the Santo Domingo project in Chile. The new additions include Rick Zimmer the CEO of Far West Mining, Hak – Kyun Shin the Director General for Business Development/Foreign Investment for KORES, and Jan Castro the Chief Executive Officer of Pala Investments AG. Colin Benner and Stephen Quin have resigned from the board.

Joel Scanlon

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Joel Scanlon

Joel emigrated to Australia in 1995 and worked for five years in the mining industry as an exploration geotechnician, using GIS mapping and CAD software. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm. After that, he ran a successful business providing web services to businesses along the eastern seaboard of Australia. During this time, he developed and launched News-Medical.Net. Joel has been working with AZoNetwork since the company was founded in 2000.

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