Capitan Silver Announces Arrival of 3rd Drill Rig at the Cruz de Plata Project

Core Viewpoint - Capitan Silver Corp. has initiated a significant 60,000-metre drilling campaign at its Cruz de Plata silver-gold project in Durango, Mexico, marking the largest drill program in the company's history, which is four times the size of the 2025 program [3][4]. Drilling Campaign Details - A third drill rig has arrived on site, joining an existing reverse circulation rig and a core rig, to enhance drilling efforts at the Cruz de Plata project [1][8]. - The new core rig will focus on high-grade silver mineralization in specific areas, including the Jesus Maria Silver Trend and Capitan Hill, aiming to extend the mineralized envelope deeper [3][4]. - The first core rig is currently targeting high-grade zones near the Peñoles Fault, while the reverse circulation rig has been relocated to explore new high-grade zones east of the Peñoles Fault [4][5]. Target Areas and Results - Drilling is concentrated on three main target areas: - Target A: Focused on expanding high-grade zones near the Peñoles Fault [4]. - Target B: Developing new high-grade zones with broad silver intervals identified in previous drill holes [5]. - Target C: Aiming to deepen mineralization and gather more data from previously reported drill holes [3][4]. - Notable drill results include: - Target A: Drill hole 25-ERRC-12 intersected 2,571.0 g/t AgEq over 1.5m within a broader interval of 1,369.3 g/t AgEq over 4.6m [7]. - Target B: Drill hole 25-ERRC-20 intersected 1,541 g/t AgEq over 1.5m within a broader interval of 201.65 g/t AgEq over 18.3m [10]. - Target C: Drill hole JM-DDH-13-06 intersected 3,409.1 g/t Ag over 0.9m within a wider interval of 320.3 g/t Ag over 11.85m [11]. Company Overview - Capitan Silver is focused on defining a new high-grade silver system at the Cruz de Plata project, located in Mexico's primary silver belt, and is led by an experienced management team [14]. - The company maintains a tight share structure, with the top three shareholders owning approximately 37% of the share capital, and is fully funded for its drilling activities [14].