Published: September 26, 2016 |

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Capital Mining Ltd has further expanded its lithium-prospective project portfolio with the pegging of two projects in the Murchison District in Western Australia.

The projects comprise two exploration license applications over a total area of 85.50 square kilometers - the Bigbell South Project and the Mindoole Project.

Both projects are located in close proximity to known mineral occurrences associated with lithium-caesium-tantalum (LCT) pegmatites.

The Bigbell South Project lies adjacent to the Big Bell Gold Mine and is located 3 kilometers from an active pegmatite field, which hosts tin and beryllium occurrences.

The Mindoole Project is situated 5 kilometers north of the Patons Lode and Doreen LCT pegmatite field where Venus Metals Corporation Ltd is exploring the Poona Lithium Project.

The new projects continue to expand Capital’s lithium-focused asset portfolio, and are consistent with its project generation and exploration strategy.

Capital has, to date, accumulated a lithium prospective ground position covering 771 square kilometers of mineral fields in Western Australia.

The company plans to immediately commence a first phase reconnaissance and ground work program at the Bigbell South and Mindoole Projects.

This will include soil sampling, rock chip sampling and mapping as part of the target identification and definition process.

Upon grant of the tenements, which is expected in about three months, the company will embark on a more detailed field work program to further define and refine target areas.

Capital had a cash balance of $2 million as at June 30, 2016.

Source: (September 2, 2016) Proactive Investors

About Capital Mining
Capital Mining Ltd is listed on the Australian Securities Exchange.

To stop by Capital Mining’s website, CLICK HERE

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