Northwire Canada EditionSunday, July 12, 2026
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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Drill Results Routine +

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 →

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