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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.

By The Northwire Desk — AI Analysis Jun 11, 2026 · 06:01 CAPT · 1.84 Capitan Silver Corp.

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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