お知らせ • Mar 14
Capitan Silver Corp. Announces Arrival of 3Rd Drill Rig At the Cruz De Plata Project
Capitan Silver Corp. reported that a third drill rig has arrived on site and has commenced drilling at the Company's Cruz de Plata silver-gold project in Durango, Mexico. The newly arrived core rig joins a reverse circulation ("RC") rig and core rig that are already drilling on the property. Drilling activity continues to ramp up as the third (3rd) of four (4) rigs has arrived at Cruz de Plata. This new rig will be the second (2nd) of three (3) diamond (core) drill rigs that will join the existing RC drill rig that has been drilling on the property since March 2025. The additional rigs are part of an aggressive 60,000-metre drilling campaign for 2026. All three new diamond drill rigs will focus on testing and expanding the high-grade silver zones identified to date at Cruz de Plata in addition to testing mineralization at depth along the Jesus Maria Silver Trend. 34 drill holes pending final assays, which includes the first 7 core holes drilled with the first diamond drill rig since arriving to site in February 2026. Capitan has commenced an aggressive 60,000-metre drilling campaign at its Cruz de Plata project for 2026, which represents the largest drill program in the Company's history and four times (4x) the size of the Company's 2025 drill program. The new core rig is the second of three (3) core rigs that are planned to arrive at the property. This core rig will be targeting high-grade silver mineralization on the western end of the Jesus Maria Silver Trend, including the Gully Fault Zone, central portions of the Jesus Maria vein, and beneath portions of Capitan Hill, and will focus on extending the mineralized envelope deeper, while providing more information about mineralization intersected in previously reported drill holes 21-JMRC-01, 21-JMRC-10, and JM-DDH-13-06. While the newly arrived core rig's immediate focus will be testing high-grade targets to expand mineralization deeper at Target C, the first core rig that arrived at the property is currently focusing on expanding the recently defined high-grade zone proximal to the Peñoles Fault on the western side. It is targeting mineralization both at depth and down plunge of previously reported holes 25-ERRC-12, 26, 34, and 38. The RC rig has been relocated from Target A and is now working east of the Peñoles Fault, where drilling has returned broad silver intervals, notably in holes 25-ERRC-20, 25-ERRC-32, and 25-ERRC-43. This is another new high-grade zone that is developing and has been interpreted to contain multiple subparallel zones of silver mineralization that remain at an early stage of exploration, with only widely spaced, shallow drilling having taken place. Drilling on Target B will focus on testing continuity of mineralization at surface and exploring for additional high-grade silver mineralization east of the Peñoles Fault toward the San Rafael area. Previously Announced Drill Highlights for Target A Include: Drill hole 25-ERRC-12 intersected 2,571.0 g/t AgEq over 1.5m, within a wider interval of 1,369.3 g/t AgEq over 4.6m, occurring within a broader zone of 368.1 g/t AgEq over 19.8m. Drill hole 25-ERRC-26 Upper zone: intersected 612.9 g/t AgEq over 1.5m, within a broader zone of 155.9 g/t AgEq over 6.1m. Lower zone: intersected 1,767.4 g/t AgEq over 1.5m, within a broader zone of 1,222.1 g/t AgEq over 3m, which is part of a wider interval of 234.2 g/t AgEq over 25.9m. Drill hole 25-ERRC-34 intersected 1,130.1 g/t AgEq over 1.5m, within a broader zone of 240.5 g/t AgEq over 25.9m. Drill hole 25-ERRC-38 intersected four (4) separate high-grade structures, including 2,451.1 g/t AgEq over 1.5m, within a wider interval of 1,283.4 g/t AgEq over 4.6m, occurring within a broader zone of 683.6 g/t AgEq over 9.1m. 25-ERRC-38 also intersected 1,187 g/t AgEq over 1.5m, within a wider zone of 194.3 g/t AgEq over 16.8m. Previously Announced Drill Highlights for Target B Include: 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. Drill hole 25-ERRC-32 intersected 1,254.8 g/t AgEq over 1.5m, within a wider interval of 157.3 g/t AgEq over 16.8m. Drill hole 25-ERRC-43 intersected multiple broad intervals of silver equivalent mineralization, including 225.3 g/t AgEq over 1.5m, within a wider interval of 59.3 g/t AgEq over 12.2m. Previously Announced Drill Highlights for Target C Include: Drill hole JM-DDH-13-06 (completed by a previous operator in 2013, re-reported in 2022) JM-DDH-13-06 intersected 3,409.1 g/t Ag, 0.9 Au, 3.4% Pb and 7.1% Zn over 0.9m, within a wider interval of 320.3 g/t Ag and 0.17 Au over 11.85m. Drill hole 21-JMRC-01 intersected five (5) separate high-grade intervals, including 1,099.3 g/t AgEq over 1.52m, 1,267.2 g/t AgEq over 1.52m, 311.3 g/t AgEq over 3.0m, 341.6 g/t AgEq over 1.52m, and 276.9 g/t AgEq over 1.52m, all within a broader zone of 42.7m of 207.8 g/t AgEq. Drill hole 21-JMRC-10 Upper zone: intersected 2,250.1 g/t AgEq over 1.5m, within a broader zone of 447.3 g/t AgEq over 9.1m, all within a wider interval of 309.8 g/t AgEq over 16.8m. Lower zone: intersected 308.8 g/t AgEq over 7.6m, within a wider zone of 171.3 g/t AgEq over 13.7m. Metal Recovery: Ag 94%, Au 86%, Pb 93.5%, Zn 92%. AgEq considers Ag, Au, Pb and Zn and calculated as follows: AgEq = Ag g/t + (80x Au g/t) + (0.003 x Pb g/t) + (0.0037 x Zn g/t). High grades have not been capped. RC Drill samples have been analysed by Bureau Veritas using the following codes: MA300, 4-acid digestion, multi-element analysis (Vancouver Lab). Au is analyzed using Fire Assay (FA430, Durango Lab). Overlimit (>200 ppm Ag) assays utilize method MA370, with gravimetric utilized for any overlimit thereafter. RC Drill samples have also been sent to SGS labs in Durango for Fire assay and Four-acid Multi-element analysis using the following codes: GE-FAA30V6 and GEICP40Q12, with over assays using the following codes: GO_FAG37V for Au and Ag. QAQC: Capitan Silver maintains a rigorous QAQC program and inserts multiple standards, blanks and duplicates into the sample stream at regular intervals. Check Assays are performed at SGS laboratories in Durango, Mexico. True widths along the Jesús María Trend are estimated to be 70-90% of the drilled width. At new drill targets/discoveries, true widths are unknown. Intervals are calculated at a 25 g/t AgEq cut-off and are cut at a maximum of 3 metres of internal dilution. Some numbers may not sum correctly due to rounding. All drillholes reported herein use the following recoveries: Ag 94%, Au 86%, Pb 93.5%, Zn 92%. Note: Drillholes reported on a AgEq basis released prior to May 31st 2023, referenced on the company website, did not use a metal recovery. The scientific and technical information in this news release has been reviewed and approved by Marc Idziszek, P.Geo, Vice President Exploration of Capitan, and a "qualified person" (with the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects).