Capitan Silver Intersects 1,077 g/t Silver Equivalent over 1.1 Metres, Within a Wider Zone of 6.7 Metres of 342.2 g/t Silver Equivalent at the Cruz de Plata Project
Capitan reports 1,077 g/t AgEq over 1.1m in step-outs extending the Jesus Maria trend at depth.
Capitan Silver Corp. released assay results from eight drill holes at its Cruz de Plata project in Durango, Mexico, on July 6, 2026. These results are part of the company’s 60,000m 2026 drilling program.
The most significant intercept came from hole 26-JMDD-02, which returned 1,077.14 g/t AgEq over 1.1m. This interval included 792 g/t Ag, 0.417 g/t Au, 5.23% Pb, and 4.62% Zn, within a wider zone of 6.7m at 342.2 g/t AgEq. Other notable results included:
- 26-JMDD-03: 339.9 g/t AgEq over 1.0m
- 26-SRRC-25: 348.2 g/t AgEq over 1.5m within 12.2m at 115.1 g/t
- 26-SRRC-27: 250 g/t AgEq over 1.5m within 16.8m at 95.4 g/t
These holes expand mineralization down-dip by 25–150m along the Jesus Maria Silver Trend, both west and east of the Peñoles Fault. The company stated that assays for 61 holes are pending.
Capitan Silver Corp. (CAPT) is an advanced explorer with a $200 million market capitalization and a fully funded 60,000-meter drill program. Prior bonanza hits, such as 2,636 g/t Ag over 1.5 meters, have already established the district’s high-grade potential. Recent results are incremental but meaningful, proving down-dip continuity and extending the known mineralized footprint, particularly east of the fault where new zones are opening.
The stock had recently corrected from $2.35 to the $1.75–$1.89 range on likely profit-taking and broad market weakness. These results bolster confidence that the system holds significant depth extent. While not a game-changing discovery, the findings are materially positive in de-risking the deposit and supporting the thesis of a large, high-grade silver system.
Capitan Silver Corp. is a Canadian junior explorer focused on the Cruz de Plata silver-gold project in Durango, Mexico. The company consolidated a large land position, now spanning 3.7 km of strike, via acquisitions from Fresnillo and others. It holds an inferred oxide gold resource of 525,000 oz Au and a legacy silver resource. The primary target is the Jesus Maria epithermal vein trend, which has returned numerous bonanza-grade silver intercepts. The company is well-funded with approximately $26.85 million in cash as of Q2 2026 and carries no debt. Major shareholders include Jupiter Gold & Silver Fund, Michael Gentile, and Construplan, resulting in a tight share structure.