Business
Capitan Silver Corp Announces the Commencement of Drilling at Its Cruz De Plata Project
Vancouver, British Columbia--(Newsfile Corp. - March 31, 2025) - Capitan Silver Corp. (TSXV: CAP...
About this update from Capitan Silver Corp
[{"type":"text","content":"Capitan Silver Corp Announces the Commencement of Drilling at Its Cruz De Plata ProjectVancouver, British Columbia--(Newsfile Corp. - March 31, 2025) - Capitan Silver Corp. (TSXV: CAPT) (\"Capitan\" or \"the Company\") is pleased to announce it has commenced drilling at its Cruz de Plata silver-gold project, located in Durango, Mexico. As previously announced on March 3, 2025, the Phase 1 exploration program will target an initial 10,000 metres of reverse circulation (RC) drilling and will be focused on high-priority silver targets that have been identified to date from previous work programs. The following priorities will be included in the Phase 1 exploration program:Figure 1. First reverse-circularion drill hole of 2025 at Capitan Silver's Cruz de Plata silver-gold project in Durango, Mexico. Hole is testing Jesus María vein.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/7373/246643_53c1907bf4311819_002full.jpgPhase 1 drill program and planned workDefinition and step out drilling of high-grade silver mineralization at Jesus Maria: Since the conclusion of drilling in 2022, surface sampling in 2023 and 2024 has continued to outline and confirm continuity of high-grade silver veins and structures on surface, with grab samples returning values between 200 and 913 g/t Ag on the recently acquired Fresnillo claims. New interpretations have linked this new zone of mineralization with the Jesus María vein, expanding the surface footprint of high-grade silver mineralization to 2.6km in strike, with 1.3km already confirmed to date in shallow, widely-spaced drilling. Previously announced drill highlights include:JM_DDH_13_06: 0.9m of 3,567 g/t AgEq within a wider interval of 13.7m of 381.06 g/t AgEq 22-JMRC-22: 1.5m of 1,431.68 g/t AgEq within a wider interval of 10.7m of 314.54 g/t AgEq 21-JMRC-03: 1.5m of 739.6 g/t AgEq, and 1.5m of 800.0 g/t AgEq and 1.5m @ 595.5 g/t AgEq within a wider interval of 10.7m @ 403.43 g/t AgEq The 2025 Phase 1 drilling program will focus on delineating high-grade Silver mineralization on the recently acquired Fresnillo claim, which has seen very little historic drilling. Mineralization along this zone remains open along strike, down-dip and towards surface (See zone A in Figures 1 & 2 below). Step out drilling along the Gully Fault zone to the ...