Northwire Canada EditionWednesday, November 11, 2026
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Gold 4,008.10 −0.6% Silver 52.12 +1.8% Copper 6.30 +1.1% Oil 86.90 +1.0% Palladium 1,054.50 +3.3% ORCL 0.030 +0.0% ELD 49.25 −2.3% OPW 0.150 +0.0% CDE 21.74 +0.2% AEM 268.39 −0.8% WDO 28.21 −0.4% BEA 0.090 +0.0% GAU 3.49 −2.0% BTO 7.48 −0.9% IMG 26.14 −0.8% BOL 0.060 +0.0% CNT 0.030 +0.0% EXN 0.250 +1.0% MNRG 0.080 +6.7% GSKR 2.83 −1.4% FPC 0.450 +1.1% Gold 4,008.10 −0.6% Silver 52.12 +1.8% Copper 6.30 +1.1% Oil 86.90 +1.0% Palladium 1,054.50 +3.3% ORCL 0.030 +0.0% ELD 49.25 −2.3% OPW 0.150 +0.0% CDE 21.74 +0.2% AEM 268.39 −0.8% WDO 28.21 −0.4% BEA 0.090 +0.0% GAU 3.49 −2.0% BTO 7.48 −0.9% IMG 26.14 −0.8% BOL 0.060 +0.0% CNT 0.030 +0.0% EXN 0.250 +1.0% MNRG 0.080 +6.7% GSKR 2.83 −1.4% FPC 0.450 +1.1%
Drill Results

Capitan Silver Intersects 1,833 g/t Silver Equivalent over 1.5 M Within a Broader Zone of 340 g/t Silver Equivalent over 21.3 M at the New High-Grade Silver Zone at Cruz De Plata

By The Northwire Desk — AI Analysis Feb 10, 2026 · 06:01 CAPT · 2.22 Capitan Silver Corp.
CAPT · Price

Executive Summary

  • Capitan Silver Corp. reports assay results from nine reverse circulation (RC) drill holes at its Cruz de Plata silver-gold project in Durango, Mexico, highlighting high-grade silver mineralization and the expansion of the Jesus Maria Silver Trend.
  • Significant intercepts include 1,833.1 g/t AgEq over 1.5m in hole 25-ERRC-37 and 1,254.8 g/t AgEq over 1.5m in hole 25-ERRC-32, confirming continuity and down-dip extension of high-grade zones.
  • The company has ramped up operations by adding a second core rig to test the system at depth, with 24 additional drill holes pending final assays.

Key Details

  • Drill Hole 25-ERRC-37 (Jesus Maria Silver Trend):
    • Intersected 1,833.1 g/t AgEq over 1.5m (within a broader zone of 340.4 g/t AgEq over 21.3m).
    • High-grade sub-intervals include 1,918.0 ppm Ag over 1.5m and 993.3 ppm Ag over 4.6m.
    • Extends mineralization down-dip from previously announced hole 25-JMRC-35, ranging from 20m to 80m.
    • The high-grade shoot has been drilled over a strike length of ~140m east-west by 220m down-dip and remains open at depth.
  • Drill Hole 25-ERRC-32 (Jesus Maria Silver Trend):
    • Intersected 1,254.8 g/t AgEq over 1.5m (within a wider interval of 157.3 g/t AgEq over 16.8m).
    • Extends the high-grade zone approximately 10m down-dip from previously announced hole 25-ERRC-20.
    • Hole 25-ERRC-20 previously intersected 1,541 g/t AgEq over 1.5m (201.65 g/t AgEq over 18.3m).
  • Drill Hole SRRC-06 (San Rafael Target Area):
    • Intersected 381.4 g/t AgEq over 1.5m (within 153.6 g/t AgEq over 4.6m).
    • Sub-interval of 397.0 ppm Ag over 1.5m.
    • Holes SRRC-06 and SRRC-07 extended known mineralization up-dip approximately 200m toward the surface.
  • Other Notable Intercepts:
    • 25-ERRC-33: 112.8 g/t AgEq over 1.5m; 50.4 g/t AgEq over 1.5m; 31.6 g/t AgEq over 3.0m.
    • 25-ERRC-35: 198.2 g/t AgEq over 1.5m; 191.5 g/t AgEq over 1.5m; 132.2 g/t AgEq over 3.0m; 117.2 g/t AgEq over 1.5m.
    • 25-ERRC-49: 51.5 g/t AgEq over 1.5m; 33.6 g/t AgEq over 1.5m.
    • 25-ERRC-50: 102.9 g/t AgEq over 1.5m; 73.3 g/t AgEq over 3.0m; 64.8 g/t AgEq over 7.6m; 47.2 g/t AgEq over 4.6m; 31.3 g/t AgEq over 15.2m.
    • 25-SRRC-05: 121.6 g/t AgEq over 3.0m; 62.5 g/t AgEq over 13.7m.
    • 25-SRRC-07: 152.7 g/t AgEq over 3.0m; 143.3 g/t AgEq over 1.5m; 71.5 g/t AgEq over 6.1m; 55.0 g/t AgEq over 18.3m.
  • Operational Updates:
    • A second drill rig (core rig) has arrived at Cruz de Plata to join the existing RC rig, ramping up drilling capacity.
    • Final assays are pending for 24 additional drill holes.
    • The company is planning a 60,000-metre multi-rig program for 2026.
  • Technical Specifications:
    • AgEq calculation: Ag g/t + (80x Au g/t) + (0.003 x Pb g/t) + (0.0037 x Zn g/t).
    • Cut-off: 25 g/t AgEq.
    • Internal dilution cut: Maximum 3 metres.
    • True widths estimated at 70-90% of drilled width along the Jesús María Trend.
    • Metal recovery rates: Ag 94%, Au 86%, Pb 93.5%, Zn 92%.
    • Analysts: Bureau Veritas (Vancouver Lab) and SGS (Durango Lab).

Notable Quotes

  • Alberto Orozco, CEO: "We are continuing to see high-grade silver, as mineralized zones expand and our pipeline of targets grows within the Jesus Maria Silver Trend. Cruz de Plata is a large-scale system, and while meaningful step-outs have delivered strong results, our drilling to date has been relatively shallow. Now, with our first core rig on site, we are ready to test this system at depth-and take the next step in unlocking its full potential."
Read the original news release →

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