Northwire Canada EditionFriday, October 16, 2026
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GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8% GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8%
Drill Results

Centenario Announces Initial Work Starting At The Los Reyes Copper Gold Project In Chihuahua, Mexico

Centenario Gold Advances Mexico Drilling Amidst Capital Raise Momentum

By The Northwire Desk — AI Analysis Apr 16, 2026 · 06:00 CTG · 0.4 Centenario Gold Corp.
Executive Summary
  • Centenario Gold Corp. announced the initiation of a two-phase exploration work program at its Los Reyes Copper-Gold Project in Chihuahua, Mexico on April 16, 2026.
  • Phase 1 involves underground mapping and sampling along a N-S trending contact zone extending 1 km.
  • Phase 2 consists of a 1,500-meter diamond drilling campaign designed to test depth extensions (>100m) of the high-grade Cu-Zn-Ag skarn zone.
  • Environmental permits are expected by late April 2026, with drilling scheduled to commence immediately thereafter.
  • The project targets a Cu-Zn-Au skarn (Carbon Replacement Deposit) within a 2 km diameter granodiorite intrusive body.
  • Historical assay data from Valterra Resource Corp (2019) indicates an average copper grade of 3.1% with high-grade anomalies up to 5.9% Cu, 0.57g/t Au, and 25.3g/t Ag.
Material Impact
  • The news confirms the execution of a previously announced plan (LOI signed Jan 2026) regarding drilling commencement within six months.
  • Permitting status is critical; approval by late April validates the timeline for Phase 2 drilling, reducing regulatory risk temporarily.
  • Market reaction has already been significant, with share price rising from $0.12 in January to $0.40 in April (233% increase), suggesting much of this milestone was anticipated or priced in prior to release.
  • No new assay results are provided; the materiality is limited to operational progress rather than resource definition at this stage.
  • The financing closed in March 2026 ($1.5M total) provides the necessary capital for this program, removing immediate liquidity concerns for exploration activities.
CTG · Price
Company Overview
  • Centenario Gold Corp. is an exploration company focused on copper-gold projects in North America.
  • Flagship Project 1: Los Reyes Copper-Gold Project (Chihuahua, Mexico). High-grade skarn zone with historical mining from ASARCO (200k tons mined historically).
  • Flagship Project 2: Cabot Copper-Gold-Cobalt Project (Newfoundland & Labrador). Option agreement signed Dec 2025; surface sampling up to 6.9% Cu and 70.38g/t Au reported.
  • Corporate Structure: Subsidiary Durango Gold Corp. SA de CV holds the Los Reyes interest.
Read the original news release →

More from Centenario Gold Corp.

Sep 28, 2026 · 06:00

Centenario’s maiden drilling at Los Reyes validates targets despite dilution and going-concern risks.

Drill Results Aug 28, 2026 · 06:00

Centenario raises $1.5m at $0.10 to fund exploration at its Mexican and Newfoundland projects.

Financings Aug 07, 2026 · 06:00

Centenario’s discounted $0.10 financing extends its runway but deepens dilution and going concern risks.

Financings Jul 13, 2026 · 06:01

Centenario’s Los Reyes sampling confirms high-grade Cu-Mo-Au skarn, with a drilling program scheduled to commence in August.

Drill Results Jun 04, 2026 · 06:00

Centenario tests high-grade copper skarn in Mexico as the Cabot option nears final approval.

Drill Results May 28, 2026 · 06:01

Centenario Gold Corp.

Production / Operations