Capitan Silver Intersects 1,450.5 g/t Silver Equivalent over 1.5 Metres, Within a Wider Zone of 211.0 g/t Silver Equivalent over 41.1 Metres at the Cruz De Plata Project
High-grade silver intercepts and aggressive 60,000m drill program signal transition from explorer to potential developer.
The most recent news (April 1, 2026) reports high-grade silver equivalent (AgEq) results from the 2025 RC drill program at the Cruz de Plata project in Durango, Mexico. Standout results include 1,450.5 g/t AgEq over 1.5m within a broader zone of 211.0 g/t AgEq over 41.1m (Hole 25-ERRC-52). The drilling successfully extended mineralization down-dip by 25–50m and confirmed continuity along the Jesus Maria Silver Trend. Additionally, a new gold zone was discovered north of the trend (0.44 g/t Au over 24.4m). Operationally, the company has transitioned into its massive 60,000m 2026 program with three rigs currently active and a fourth arriving shortly.
The news is Routine - Positive. While the grades are exceptional (exceeding 1,400 g/t AgEq), they are consistent with the high-grade nature of the project established in previous 2025/2026 releases (e.g., 2,451 g/t AgEq reported in Feb 2026). - Continuity: The material impact lies in the "wider zones" (41.1m of 211 g/t AgEq), which suggests bulk-tonnage potential alongside high-grade veins. - Operational Scaling: The confirmation that the 60,000m program is now multi-rig and active validates the company's ability to deploy the $29M raised in late 2025. - Market Access: The recent upgrade to the OTCQX (March 26, 2026) provides the necessary liquidity and US investor visibility to support the stock during this high-news-flow period.
Capitan Silver is focused on the Cruz de Plata Project in Durango, Mexico. The project hosts an intermediate sulfidation epithermal system. - Jesus Maria Silver Trend: A high-grade silver-gold-polymetallic trend. - Capitan Hill: An oxide gold deposit with an Inferred resource of 525k oz Au (updated Dec 2025). - Consolidation: The company recently expanded its land package by 85% through an agreement with Minera Fresnillo, extending the mineralized trend to 3.7km.