Capitan Silver Intersects 2,451 g/t Silver Equivalent over 1.5 Metres, within a Wider Zone of 684 g/t Silver Equivalent over 9.1 Metres at the Cruz De Plata Project
High-Grade Intercepts and Institutional Backing Fuel Aggressive 60,000m Expansion in Durango
The most recent news (February 26, 2026) reports high-grade assay results from the 2025 reverse circulation (RC) drill program at the Cruz de Plata project in Mexico. Key highlights include hole 25-ERRC-38, which intersected 2,451.1 g/t AgEq over 1.5m within a wider zone of 684 g/t AgEq over 9.1m. The company also confirmed the arrival of the first diamond drill rig on site, with two additional diamond rigs expected in the coming weeks. This transition from RC to diamond drilling marks a shift toward testing deeper mineralization and expanding the newly identified high-grade zones along the Jesus Maria Silver Trend.
The news is Routine - Positive. While the grades are exceptionally high (exceeding 2,400 g/t AgEq), they are incremental to a series of high-grade discoveries reported throughout late 2025 and early 2026. - Operational Scaling: The arrival of diamond rigs is a planned progression of the 60,000m program announced in January 2026. - Consistency: The results validate the geological model and the "Peñoles Fault" target, confirming that the high-grade silver system remains robust and open. - Market Context: The company recently raised C$29M and secured Tier-1 institutional backing (Schroders, Jupiter). These results provide the technical justification for that capital injection but do not fundamentally change the company's known trajectory, which is already set on aggressive expansion.
Capitan Silver Corp. is focused on the Cruz de Plata project in Durango, Mexico. The project is an intermediate sulphidation epithermal system. - Flagship Project: Cruz de Plata, which includes the Jesus Maria Silver Trend (high-grade veins) and the Capitan Hill Gold Deposit (oxide gold). - Resource Status: Capitan Hill has an Inferred Resource of 525,000 oz Au (0.41 g/t) and 4.2M oz Ag. The silver-focused Jesus Maria trend is currently the primary exploration target. - Expansion: The company consolidated the land package in 2025, increasing its holdings by 85% and identifying over 20km of mineralized structures.