Capstone Reports Additional High Grade Intercepts & Expanded Drill Program at Minto North



    
    Hole 09SWC408 intercepts 2.3% Cu over 26.7m (including 4.5% Cu over 5.1m)
    Plus a Second Zone Averaging 2.2% Cu over 12.5m (including 7.7% Cu over
    2.7m)
    


    VANCOUVER, April 14 /CNW/ - Capstone Mining Corporation (CS: TSX) today
announced additional high grade copper-gold intercepts from five new
exploration drill holes completed at its Minto Mine in the Yukon. Drilling at
the "Minto North" target, located approximately 600 metres north-northwest of
the current open pit mining area, now totals 31 holes completed to date, eight
of which have been released (including those in this release). This drill
program appears to have delineated the initial boundaries of the discovery
area, which appears to be fault bounded. Significant additional potential
remains to be evaluated in the northern half of the Minto Mine property, both
for extensions of mineralization across the fault boundaries and for other,
similar zones.
    Because of the high-grade nature and relatively shallow depth of the
Minto North mineralization, similar in thickness and style to that found in
the current open pit mining area, Capstone is prioritizing its evaluation of
Minto North in 2009 by expanding the previously announced drill program so
that Minto North can be advanced to a measured and indicated mineral resource
standard before year end, as well as testing other targets in the area.
    The Minto North discovery is typified by bornite-rich, high-grade
copper-gold mineralization. Highlights of assays from the most recent drill
holes are summarized in the table immediately below and the full results for
the five new holes are provided in the attached table.

    
          Assay Highlights from Drill holes 09SWC-406 and 09SWC-408

    -------------------------------------------------------------------------
    Hole ID    Target  From   To   Interval   Interval  Copper Gold  Silver
               Area     (m)   (m)   (m)        (ft)       (%)  (g/t)  (g/t)
    -------------------------------------------------------------------------
    09SWC-406  Minto
               North   56.7   80.2   23.5       77.1     2.00   0.61    4.7
    -------------------------------------------------------------------------
    including          62.6   74.6   12.0       39.4     2.64   0.74    6.0
    -------------------------------------------------------------------------
    09SWC-408  Minto   75.2  101.9   26.7       87.6     2.26   1.11    9.1
               North
    -------------------------------------------------------------------------
    including          89.5   98.2    8.7       28.5     3.60   1.65   15.4
    -------------------------------------------------------------------------
    and               131.3  143.8   12.5       41.0     2.19   2.74   14.2
    -------------------------------------------------------------------------
    including         137.9  142.8    4.9       16.1     4.65   6.48   31.5
    -------------------------------------------------------------------------
    Including         137.9  140.6    2.7        8.9     7.68  11.47   53.3
    -------------------------------------------------------------------------
    

    "The Minto North discovery at Capstone's Minto Mine continues to deliver
very encouraging results," said Stephen Quin, President & COO of Capstone.
"Drilling completed subsequent to these results appears to have defined a
fault-bounded block of mineralization at Minto North. There is still
tremendous potential for extensions of the mineralization across these faults
that have yet to be tested and for further, new discoveries of high-grade
copper mineralization in other areas of the poorly evaluated northern half of
the Minto Mine property. This potential has encouraged us to expand the 2009
exploration program in order to advance Minto North to a measured and
indicated mineral resource, and to test other similar exploration targets in
the vicinity."

    Minto North Target

    Mineralization at Minto North has now been outlined over an area
measuring at least 200m by 125m in aerial extent. Approximately 5,000m of
drilling in 31 diamond drill holes on a roughly 40m by 40m pattern have been
completed to date. For mineral resource estimation purposes, Capstone intends
to infill this pattern when drilling resumes in June to give a minimum of 28m
centers. In addition to this delineation program, each of six to eight other,
similar magnetic targets, located within 1.5 kilometres of Minto North and no
more than 1.5 kilometres from the current open pit mining area, will be tested
with at least one drill hole. All of these targets are located north of the
DEF fault, in a very much under explored region of the property. Until the
discovery of Minto North, the exploration potential north of the DEF fault was
thought to be limited.
    Drilling has now ceased for spring break-up. In addition to the
approximately 15,000m of drilling completed to date, a further 9,000m of
additional drilling is planned, bringing the 2009 exploration program to an
aggregate of 24,000m completed and planned. Drilling on the expanded program
is expected to resume in June 2009.

    For current drill hole locations please view the accompanying map:
    <a href="http://www.capstonemining.com/_resources/images/2009_13_CS_Current_Drill_Hole_Locations.jpg">http://www.capstonemining.com/_resources/images/2009_13_CS_Current_Drill_</a>
<a href="http://www.capstonemining.com/_resources/images/2009_13_CS_Current_Drill_Hole_Locations.jpg">Hole_Locations.jpg</a>

    For a current view of drill results in priority areas across the property
please view the accompanying map:
    <a href="http://www.capstonemining.com/_resources/images/2009_13_CS_Drill_Results_Priority_Areas.jpg">http://www.capstonemining.com/_resources/images/2009_13_CS_Drill_Results_</a>
<a href="http://www.capstonemining.com/_resources/images/2009_13_CS_Drill_Results_Priority_Areas.jpg">Priority_Areas.jpg</a>

    For an inset view of drill results at Minto North please view the
accompanying map.
    <a href="http://www.capstonemining.com/_resources/images/2009_13_CS_Minto_North_Inset.jpg">http://www.capstonemining.com/_resources/images/2009_13_CS_Minto_North_In</a>
<a href="http://www.capstonemining.com/_resources/images/2009_13_CS_Minto_North_Inset.jpg">set.jpg</a>

    
    The TSX does not accept any responsibility for the adequacy or accuracy
    of this press release.
    

    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 & COO
for Capstone Mining Corporation. The exploration activities at the Minto
project site are carried out under the supervision of Brad Mercer, P. Geol.,
V.P. Exploration (Canada) for Capstone.
    The analytical method for the copper and silver analyses is aqua regia
digestion of the samples followed by atomic absorption spectroscopy. Gold is
analysed by fire assay fusion with atomic absorption spectroscopy finish for
gold. Analyses are carried out by ALS Chemex in North Vancouver. When visible
gold is noted in drill core samples or regular fire assay values appear
abnormally high, the pulp and screen metallic assay method is used to
determine the total gold content and gold contents of different size
fractions. This is considered industry best practice when dealing with coarse
gold mineralization where a nugget effect is suspected. This determination is
accepted as the most representative value and is used in the assay database
for resource calculations. Blank and standard samples are used for quality
assurance and quality control. Where more than two check samples assay outside
expected ranges, the entire batch is re-assayed. After the completion of
planned drill programs at Minto, random check assays will be carried out by
Acme Analytical of Vancouver.

    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. (hereinafter referred to as the "Company") do not
intend, and do 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.
There can be 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.

    
                           Details of Drill Results
                           ------------------------
       To accompany Capstone Mining News Release Dated April 14, 2009

    -------------------------------------------------------------------------
    Hole ID    Target  From   To   Interval   Interval  Copper Gold  Silver
    & Interval          (m)   (m)   (m)(*)    (feet)(*)   (%)  (g/t)  (g/t)
    -------------------------------------------------------------------------
    09SWC-390  Minto                       Assays Previously Released
    & 09SWC-   North
     392-393
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    09SWC-402  Minto
               North   45.2   72.8   27.6       90.6     0.98   0.24    2.9
    -------------------------------------------------------------------------
    and               104.4  106.9    2.5        8.2     0.89   0.44    4.5
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    09SWC-404  Minto
               North   63.6   86.4   22.8       74.8     1.20   0.42    3.2
    -------------------------------------------------------------------------
    including          72.2   76.1    3.9       12.8     1.71   0.79    4.0
    -------------------------------------------------------------------------
    and               104.6  112.7    8.1       26.6     1.10   0.64    6.5
    -------------------------------------------------------------------------
    including         107.7  109.9    2.2        7.2     2.82   1.69   15.1
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    09SWC-406  Minto
               North   56.7   80.2   23.5       77.1     2.00   0.61    4.7
    -------------------------------------------------------------------------
    including          62.6   74.6   12.0       39.4     2.64   0.74    6.0
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    09SWC-408  Minto
               North   75.2  101.9   26.7       87.6     2.26   1.11    9.1
    -------------------------------------------------------------------------
    including          78.9   96.8   17.9       58.7     2.86   1.34   11.6
    -------------------------------------------------------------------------
    including          89.5   98.2    8.7       28.5     3.60   1.65   15.4
    -------------------------------------------------------------------------
    including          89.5   94.6    5.1       16.7     4.50   1.56   19.4
    -------------------------------------------------------------------------
    and               131.3  143.8   12.5       41.0     2.19   2.74   14.2
    -------------------------------------------------------------------------
    including         137.9  142.8    4.9       16.1     4.65   6.48   31.5
    -------------------------------------------------------------------------
    including         137.9  140.6    2.7        8.9     7.68   11.47  53.3
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    09SWC-410  Minto                       No significant intersections
               North
    -------------------------------------------------------------------------
    (*)Based upon current interpretations the intersected interval is
       believed to be at or close to the true thickness.
    





For further information:

For further information: about Capstone, please contact: Darren Pylot,
Vice Chairman & CEO, Stephen Quin, President & COO Or Investor Relations' Mark
Patchett at (604) 684-8894 or (866) 684-8894, info@capstonemining.com


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