Capitan Silver adds second drill rig to Cruz de Plata

Executive Summary

• Capitan Silver Corp. has arrived at its Cruz de Plata project in Durango, Mexico, with a second drill rig (a core rig), joining an existing reverse circulation (RC) rig.
• The company plans an aggressive 60,000-metre drill program for 2026, which will be the largest in its history and four times the size of the 2025 program.
• The immediate focus of the new core rig is to expand a newly defined high-grade silver zone discovered near the Penoles fault, targeting mineralization at depth and downplunge of previously reported high-grade intersections.

Key Details

• Drilling Activity: A second core rig has commenced drilling at the Cruz de Plata project; it is one of three core rigs planned for arrival.
• 2026 Drill Plan: An aggressive 60,000-metre drill program is scheduled for 2026, aimed at testing high-priority targets to extend advanced high-grade mineralized zones along the Jesus Maria silver trend (including Gully fault and Penoles fault targets).
• Target Area: The core rig will focus on expanding the newly defined high-grade zone proximal to the Penoles fault, specifically targeting mineralization at depth and downplunge of holes 25-ERRC-12, 25-ERRC-26, and 25-ERRC-34.
• Historical Drill Results (Referenced):
  • Hole 25-ERRC-12: Intersected 2,636 g/t Ag over 1.5 m, within 1,400 g/t Ag over 4.6 m, within a broader zone of 370.2 g/t Ag over 19.8 m.
  • Hole 25-ERRC-26:
    • Upper zone: 612.9 g/t AgEq over 1.5 m, within 155.9 g/t AgEq over 6.1 m.
    • Lower zone: 1,767.4 g/t AgEq over 1.5 m, within 1,222.1 g/t AgEq over 3 m, within a wider interval of 234.2 g/t AgEq over 25.9 m.
  • Hole 25-ERRC-34: Intersected 1,130.1 g/t AgEq over 1.5 m, within 240.5 g/t AgEq over 25.9 m.
• Qualified Person: Marc Idziszek, PGeo, vice-president, exploration, reviewed and approved the scientific and technical information.

Notable Quotes

• No direct quotes from management were included in the provided text.