Capitan Intersects Silver Mineralization in All Reported Drill Holes
Vancouver, British Columbia--(Newsfile Corp. - July 6, 2026) - Capitan Silver Corp. (TSXV: CAPT) (OTCQX: CAPTF) ("Capitan" or "the Company") is pleased to report additional results from its 60,000m drill program at its Cruz de Plata silver-gold project, located in Durango, Mexico. The Company is reporting assay results from eight (8) drill holes.
Highlights:
The silver-rich mineralized system at Capitan's Cruz de Plata Project continues to expand, with all reported holes intersecting silver mineralization and extending the mineralized footprint to depth
Bonanza-grade drill intercept extends known mineralization down-dip at the Jesus Maria Silver Trend, with grades significantly improving at depth
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Drill hole 26-JMDD-02 returned 1,077.1 g/t AgEq over 1.1m, within a wider interval of 6.7m of 342.2 g/t AgEq, extending the main Jesus Maria zone 25m down-dip
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Multiple drill holes along the Jesus Maria Silver Trend (east and west of the Peñoles Fault) significantly expand silver mineralization down-dip and continue to demonstrate strong vertical continuity
Upcoming Catalysts:
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Assays pending for 61 drill holes: 35 core and 26 reverse circulation ("RC") holes, with more arriving weekly
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Alberto Orozco, CEO of Capitan Silver, commented:
"The latest assay results from our 2026 drilling program at Cruz de Plata continue to expand the size and potential of this silver-rich mineralized system. We are continuing to see high-grade results with grades improving at depth, which demonstrates the strong vertical continuity of this deposit. Additionally, we have significantly expanded mineralization down-dip at several holes across the Jesus Maria Silver Trend."
"With four drill rigs currently turning at the property and newly permitted high-priority target areas being tested, I am excited about how this year's exploration program is unfolding. While we are encouraged by the results to date, we remain focused on aggressively drilling the project to bring the large-scale potential of Cruz de Plata into clearer focus. As more results become available, I look forward to keeping the market updated and seeing just how large this system can get."
Figure 1: Cruz de Plata Plan Map
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Figure 2: Long-section of Jesus Maria Silver Trend
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