Capitan Silver Identifies New High-Priority Targets at Cruz De Plata and Provides Property Update

Core Insights - Capitan Silver Corp has identified new high-priority targets and high-grade mineral showings at its Cruz de Plata silver-gold project in Durango, Mexico, following a surface exploration campaign on a newly acquired 2,171-hectare land package [2][3][4] - The mineralized system at Cruz de Plata is significantly larger than previously outlined, with cumulative silver-mineralized vein structures now exceeding 20 kilometers, up from 7 kilometers [5][6] - The company plans to expand its Phase One Drill Program by 50% to a total of 15,000 meters, which is fully funded [4][28] Exploration and Discoveries - The exploration team has conducted a reconnaissance-scale surface evaluation, leading to the discovery of at least six new mineral showings and significant extensions to known mineralized structures [12][15] - New high-priority targets include Casco Norte, Jésus María Northwest, Jésus María East, San Rafael West, La Providencia, and La Purisima, with notable assay results such as 4,291.2 g/t AgEq from Casco Norte and 2,268.1 g/t AgEq from Jésus María Northwest [16][19][20][21][22][23] - A property-wide geophysical survey has been commissioned, expected to be completed by Q1 2026, to aid in target generation and expansion [5][29] Geological Insights - Detailed mapping and sampling have revealed a spatial correlation between the Jesús María silver trend and a granodiorite intrusive body, suggesting the potential for mineralization to continue along the contact [7][11] - The geological thesis indicates that hydrothermal mineralization occurs below the granodiorite, with radial fractures acting as conduits for mineralization across the property [11][12] Drilling and Sampling - The company has completed over 8,000 meters of drilling to date, with assays pending for 38 drill holes, and new drill holes being delivered to the lab weekly [28] - The airborne geophysical survey will cover the entire project area, generating detailed magnetic and conductivity maps to identify new alteration zones and geological features [29]