Northwire Canada EditionSunday, September 13, 2026
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GOLD 4408.90 +0.0% SILVER 65.19 +0.4% COPPER 6.55 +0.0% OIL 100.05 −2.4% PALLADIUM 1323.90 +2.3% PGZ 0.170 +3.0% TMQ 4.55 −1.3% SLI 3.08 −1.0% ROX 0.050 −9.1% USHA 0.045 +0.0% ALGR 0.710 +2.9% MINE 0.120 −4.0% KC 0.330 +4.8% EMO 0.335 +0.0% CCM 0.700 +4.5% MAI 5.97 −0.7% PPM 0.015 +0.0% CRE 0.370 +10.4% MNO 1.87 +0.5% FEO 0.810 +3.9% LBNK 0.680 −4.2% GOLD 4408.90 +0.0% SILVER 65.19 +0.4% COPPER 6.55 +0.0% OIL 100.05 −2.4% PALLADIUM 1323.90 +2.3% PGZ 0.170 +3.0% TMQ 4.55 −1.3% SLI 3.08 −1.0% ROX 0.050 −9.1% USHA 0.045 +0.0% ALGR 0.710 +2.9% MINE 0.120 −4.0% KC 0.330 +4.8% EMO 0.335 +0.0% CCM 0.700 +4.5% MAI 5.97 −0.7% PPM 0.015 +0.0% CRE 0.370 +10.4% MNO 1.87 +0.5% FEO 0.810 +3.9% LBNK 0.680 −4.2%
Drill Results Routine +

Capitan Silver Intersects 935 g/t Silver Equivalent over 1.3 Metres, Within a Wider Zone of 157 g/t Silver Equivalent over 20.0 Metres at the Cruz De Plata Project

Capitan Silver Drilling Confirms Depth Continuity at Cruz de Plata as Stock Corrects from March Highs

By The Northwire Desk — AI Analysis May 11, 2026 · 06:01 CAPT · 1.69 Capitan Silver Corp.
Executive Summary
  • Capitan Silver Corp. released the first assay results from its 60,000m 2026 drill program at the Cruz de Plata project in Durango, Mexico.
  • Drill Hole 26-ERDD-08 intersected 934.6 g/t AgEq over 1.3m within a wider interval of 157.3 g/t AgEq over 20.0m.
  • This intercept extends high-grade mineralization 150m deeper than previously announced hole 25-ERRC-10.
  • Drill Hole 26-ERDD-07 showed three distinct zones including a main zone of up to 191.6 g/t AgEq over 2.0m within 76.4 g/t AgEq over 20.7m.
  • Three drill rigs are currently operating with an additional diamond core rig planned for the coming month.
  • Exploration targets include testing mineralization down to approximately 500m from the surface.
  • CEO Alberto Orozco stated that high-grade Jesus Maria Silver Trend continues to grow on strike and at depth with improving grades.
Material Impact
  • The news validates the aggressive 60,000m drilling program announced in January 2026, confirming early success of the diamond core phase.
  • While grades are exceptional (935 g/t AgEq), they are slightly below the peak RC intercepts seen in late 2025 (e.g., 2,636 g/t Ag in hole 25-ERRC-12).
  • The primary materiality lies in confirming continuity at depth with diamond core data, which is critical for resource conversion and future mine planning.
  • Given the stock has corrected from its March high of $2.55 to $1.69, this news provides fundamental support but does not represent a new catalyst that exceeds all prior expectations (grades are consistent with previous announcements).
  • The financing status remains secure following the C$29M raise in late 2025 and early 2026, removing immediate capital risk for the current program.
  • Classification is Routine - Positive as this was an anticipated result from a fully funded campaign previously disclosed to the market.
CAPT · Price
Company Overview
  • Company: Capitan Silver Corp. (TSX-V: CAPT).
  • Flagship Project: Cruz de Plata silver-gold project in Durango, Mexico.
  • Project Type: Intermediate sulphidation epithermal system with a >3.7 km silver vein trend.
  • Status: Advanced Exploration / Development.
  • Key Features: Multiple high-grade targets (Jesus Maria Trend, Capitan Hill Gold Deposit).
  • Land Position: Consolidated package expanded by ~85% in late 2025/early 2026 to cover 3.7 km trend.
  • Royalty Status: Altiplano NSR royalty purchased and eliminated; remaining royalties (Penoles, Riverside) contracted for removal.
Read the original news release →

More from Capitan Silver Corp.

Jul 06, 2026 · 06:01

Capitan reports 1,077 g/t AgEq over 1.1m in step-outs extending the Jesus Maria trend at depth.

Drill Results Jun 22, 2026 · 06:02

Capitan Silver Receives Key Drill Permit for the Cruz De Plata Project and Commences Drilling on Untested High-Priority Regional Targets

Drill Results Jun 11, 2026 · 06:01

Capitan Silver adds a fourth rig to its 60,000-metre campaign as high-grade silver intercepts continue to expand at the Cruz de Plata project.

Drill Results May 08, 2026 · 06:01

Geophysics Confirms Depth Potential as Capitan Silver Navigates Post-Financing Correction

Other Apr 01, 2026 · 06:01

High-grade silver intercepts and aggressive 60,000m drill program signal transition from explorer to potential developer.

Drill Results Mar 11, 2026 · 17:46

Capitan Silver adds third drill rig to Cruz de Plata

Drill Results