Drill Results
Capitan Silver Announces Arrival of 4th Drill Rig at the Cruz De Plata Project
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.
Executive Summary
- Capitan Silver Corp. announced the arrival of a fourth drill rig at its Cruz de Plata project in Durango, Mexico, bringing the active fleet to four rigs (three diamond core, one reverse circulation).
- The company is executing an aggressive 60,000-metre 2026 drilling campaign, the largest in its history.
- The newly arrived core rig will immediately target high-grade zones east of the Peñoles Fault and below the historically producing San Rafael area.
- Other rigs are expanding mineralization at Targets A and C, focusing on depth and down-plunge extensions of previously high-grade intercepts.
- The release highlights 61 drill holes currently pending final assay results (36 core, 25 RC).
- Historical drill highlights are reiterated, showcasing exceptional silver-equivalent grades, including intervals exceeding 2,500 g/t AgEq over 1.5 metres.
- QA/QC protocols remain rigorous, with samples analyzed at SGS and ALS laboratories, and metal recovery factors applied (Ag 94%, Au 86%, Pb 93.5%, Zn 92%).
Material Impact
- The arrival of the fourth rig is a direct execution of the 60,000-metre program previously announced in January 2026.
- The market was already aware of the multi-rig deployment schedule, making this an incremental, expected operational milestone rather than a surprise catalyst.
- The news confirms the company is on track to meet its 2026 exploration targets, reinforcing management's execution capability.
- No new geological discoveries or financial updates are disclosed; the focus remains on scaling up drilling to expand known high-grade zones.
- The impact is positive but routine, as it validates the company's funded exploration plan without altering the fundamental investment thesis.
CAPT · Price
Company Overview
- Capitan Silver Corp. is an exploration-stage company focused on the Cruz de Plata silver-gold project in Durango, Mexico.
- The flagship project features the Jesus Maria Silver Trend, a 3.7-kilometre continuous vein structure with historically high-grade silver production.
- The company recently consolidated its land package by acquiring seven adjacent concessions from Minera Fresnillo, expanding the trend by 85%.
- The 2026 program aims to expand known high-grade zones, test new targets (Casco Norte, La Purísima, El Tubo), and upgrade the Capitan Hill gold deposit resource.
- The project is in the advanced exploration stage, with a strong focus on silver with significant gold, lead, and zinc byproduct potential.
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Jul 06, 2026 · 06:01