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Capitan Silver Announces Arrival of 4th Drill Rig at the Cruz De Plata Project
Vancouver, British Columbia--(Newsfile Corp. - June 11, 2026) - Capitan Silver Corp. (TSXV: CAPT) (OTCQX: CAPTF) ("Capitan" or "the Company") is pleased to report that a fourth (4th) drill rig has arrived on site at the Company's Cruz de Plata silver-gold project in Durango, Mexico. The newly arrived core rig, which is expected to commence drilling imminently, joins a reverse circulation ("RC") rig and two core rigs that are already drilling on the property.Highlights:Drilling activity continues
About this update from Capitan Silver Corp
Vancouver, British Columbia--(Newsfile Corp. - June 11, 2026) - Capitan Silver Corp. (TSXV: CAPT) (OTCQX: CAPTF) ("Capitan" or "the Company") is pleased to report that a fourth (4th) drill rig has arrived on site at the Company's Cruz de Plata silver-gold project in Durango, Mexico. The newly arrived core rig, which is expected to commence drilling imminently, joins a reverse circulation ("RC") rig and two core rigs that are already drilling on the property. Highlights: Newly Arrived Core Rig to Test High-Grade Targets East of Peñoles Fault, Below San Rafael The newly arrived core rig's immediate focus will be testing high-grade targets east of the Peñoles Fault, proximal to the historically producing San Rafael area, while providing more information about mineralization intersected in previously reported drill holes 25-ERRC-20, 25-ERRC-32, 25-ERRC-43, and 26-SRRC-08 (see Figures 1 and 2, Target B). The third core rig will also focus on confirming vertical continuity and expanding previously identified broad mineralization encountered by RC drilling in this target area down-dip. Target area B is another new, developing high-grade zone, 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. Testing Priority Targets in Three Main Areas While the newly arrived core rig's immediate focus will be on testing Target B, the other core rigs are focused on expanding mineralization deeper at the following targets (see Figures 1 and 2): Figure 1: Cruz de Plata drill plan map To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/7373/301050_8114536fc46d580a_002full.jpg Figure 2: Cruz de Plata long section target areas with 2.5km of drilled continuity To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/7373/301050_8114536fc46d580a_003full.jpg Previously Announced Drill Highlights for Target A Include: Drill hole 25-ERRC-12 (see Capitan news release dated September 2, 2025) Drill hole 25-ERRC-26 (see Capitan news release dated November 11, 2025) Drill hole 25-ERRC-34 (see Capitan news release dated February 2, 2026) Drill hole 25-ERRC-38 (see Capitan news release dated February 26, 2026) Drill hole 25...
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