Capitan Drills 2,636 g/t Silver over 1.5 Metres Within Wider Interval of 370.2 g/t Silver over 19.8 Metres 2025 Drilling Program Discovers New High-Grade Silver Zone and Expands Jesús María Mineralization 150 Metres to the
Capitan Drills 2,636 g/t Silver over 1.5 Metres
Within Wider Interval of 370.2 g/t Silver over
19.8 Metres
2025 Drilling Program Discovers New High-Grade Silver Zone
and Expands Jesús María Mineralization 150 Metres to the
East
Vancouver, British Columbia--(Newsfile Corp. - September 2, 2025) -
Capitan Silver Corp. (TSXV:
CAPT) ("Capitan" or the "Company")
is pleased to announce assay results from eleven (11) of the
first twelve drillholes of its planned Phase One 10,000 metre drill program at its Cruz de Plata ("
CDP
")
silver-gold project, located in Durango, Mexico.
Highlights
:
Hole 25-ERRC-12
returned one of the highest-grade intervals to date at Cruz de Plata:
2,636 g/t Ag over 1.5 m
, within a wider interval of
1,400 g/t Ag over 4.6 m
, occurring within
a broader zone of
370.2 g/t Ag over 19.8 m
Hole 25-ERRC-12
also expands the Jesús María zone 150 m to the east, along strike, and toward
surface
New high-grade mineralized zone discovered north of Jesús María Target:
Hole 25-ERRC-08
intersected
456 g/t Ag over
1.52 m
and
382.0 g/t Ag over 1.52 m
, both
within a broader zone of
109.4 g/t Ag over
16.8 m
Additional Jesús María Drill Highlights
:
Hole 25-ERRC-10
intersected
502.0 g/t Ag over 1.52 m
within a broader zone of
316.3 g/t Ag
over 3.0 m
Hole 25-ERRC-09
intersected
427 g/t Ag over 1.52 m
within a broader zone of
79.0 g/t Ag over
13.7 m
An additional 30 RC drillholes have been completed with assay results pending
Alberto Orozco, CEO of Capitan Silver, commented:
"I am encouraged by the early success of our 2025 drill program at Cruz de Plata. The Company had
two main objectives at the outset of this campaign: to extend existing mineralization and identify new
high-grade mineralized zones, and I am pleased to report that we've already not only extended the
Jes
ú
s Maria silver zone to the east but also uncovered a brand-new high-grade zone – all within the
first twelve drillholes."
Mr. Orozco concluded,
"I want to commend our exploration team for their efforts in achieving these
objectives so rapidly. These robust results provide fresh evidence of the strength and scale of the
project's high-grade silver system. With the Cruz de Plata property now fully consolidated, we have a
larger, more prospective land package and a clear path to generating and testing new targets. I look
forward to continuing to update the market on further developments."
2025 Drill Program Update
Capitan's planned Phase One 10,000 m drill program at the Cruz de Plata project has been steadily
advancing since March 2025, with 6,700 m and 41 reverse-circulation ("
RC
") holes completed to date.
The program has focused primarily on the Jesús María silver trend, especially the underexplored eastern
portion where little historic work had been done.
To rapidly and cost-effectively expand the strike at the main Jesús María vein and identify new high-
grade mineralized zones along the silver trend, this initial phase consisted of shallow, closely spaced RC
drilling. This approach has been successful in finding a new high-grade zone and extending
mineralization to the east, within the first twelve holes of the program with
hole 25-ERRC-12 delivering
one of the best high-grade intervals ever drilled at Cruz de Plata, also highlighting the
untapped potential of the project.
In parallel, the Company is also drilling to test new targets to the north, east, and west of the Jesús María
zone, where prospecting and high-grade surface sampling have identified additional vein systems with
east-west to northeast orientations. As the geological understanding of the property evolves, the
Company will refine the program to prioritize the most promising zones for follow-up drilling.
Figure 1. Drill hole map of Cruz de Plata project showing the location of the holes reported in this
release along the Jesús María vein.
To view an enhanced version of this graphic, please visit:
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Figure 2. Comparison of long sections before and after first results reported in 2025.
To view an enhanced version of this graphic, please visit:
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Significance of Hole 25-ERRC-12
Hole 25-ERRC-12 was collared approximately 100 m to the east of hole 25-ERRC-01, which had
returned visually interesting veining and breccia zones over a drilled length of approximately 70 m. This
represented a significant increase in mineralization compared to holes just to the west, indicating that
mineralization was getting stronger towards hole 25-ERRC-12.
The hole cut an approximate 15-20 m wide zone of mineralized intrusive dyke and breccia, which
returned 2,636 g/t Ag over 1.5 m within a wider interval of 1,400 g/t Ag over 4.6 m within a wider
envelope of 370.2 g/t Ag over 19.8 m. This intersection not only represents one of the highest-grade
intervals drilled on the project, but it also appears to be a new style of high-grade silver mineralization
along the Jesús María trend. Figure 2 displays the impact that drilling has had on the program to date,
with a new high-grade shoot developing around hole 25-ERRC-01 and increasing in size and intensity
towards hole 25-ERRC-12, representing an approximate on-strike distance of 150 m. This zone remains
open at depth and along strike to the east. Follow-up drilling has been initiated in this area, with results
pending.
Figure 3. Cross Section 547,175E showing the location and assay results for drill hole 25-ERRC-12.
To view an enhanced version of this graphic, please visit:
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Additional High-Grade Results
The Company also reported additional high-grade results a few hundred metres to the west of the 25-
ERRC-12 high-grade discovery. These holes were in the central and eastern portions of the Jesús María
zone (see figures 1 and 2) and returned new high-grade intervals, including 502.0 g/t Ag over 1.5 m
within a wider interval of 316.3 g/t Ag over 3.0 m in hole 25-ERRC-10 and hole 25-ERRC-09 intersected
1.5 m of 427 g/t Ag within a wider interval of 13.7 m of 79 g/t Ag, 0.1 g/t Au, 0.2% Pb and 0.6% Zn (or
106.4 g/t AgEq., see Table 1). Additional follow-up holes have been planned for this area.
New High-Grade Intercepts North of Jesús María Vein
Holes 25-ERRC-12, 25-ERRC-08 and 25-ERRC-10 have intersected new high-grade structures to the
north of the Jesús María vein. Hole 25-ERRC-12 cut 1.5 m of 479.0 g/t Ag with 0.13 g/t Au within a broad
interval of 25.9 m of 69.2 g/t Ag and 0.17 g/t Au. Hole 25-ERRC-08 intersected a similar zone with 456.0
g/t Ag over 1.5m and also 1.5 m of 385 g/t Ag within a wider interval of 109.4 g/t Ag over 16.8 m. In
addition, hole 25-ERRC-12 cut an additional zone further at depth with 1.5 m of 171.5 g/t Ag, while hole
25-ERRC-10 cut 1.5 m of 166.5 g/t Ag within 3.0 m of 116.3 g/t Ag.
Table 1. Drill Results
Hole ID
From
(m)
To
(m)
Interval
(m)
Ag Eq
Rec (g/t)
Ag
(ppm)
Au
(ppm)
Pb
(%)
Zn
(%)
25-ERRC-01
Interval
0
10.7
10.7
32.8
29.8
0.043
0.01
0.05
Interval
29
44.2
15.2
52.8
51.7
0.04
0.01
0.03
Including
41.2
42.7
1.5
181.3
181.1
0.12
0.04
0.05
Interval
54.9
67.1
12.2
43.3
34.8
0.11
0.02
0.07
Interval
77.7
79.2
1.5
129.6
124.6
0.133
0.04
0.06
25-ERRC-02
Interval
1.5
3.0
1.5
37.2
13
0.35
0.01
0.01
Interval
38.1
39.6
1.5
26.6
20.7
0.07
0.02
0.06
Interval
47.2
48.8
1.5
32.2
18.7
0.10
0.09
0.16
Interval
82.3
83.8
1.5
41.9
38.5
0.04
0.03
0.07
25-ERRC-03
Interval
41.1
47.2
6.1
44.3
37.15
0.13
0.00
0.01
Interval
80.8
103.6
22.9
49.8
31.65
0.05
0.14
0.38
Including
100.6
102.1
1.5
127.8
115.5
0.032
0.15
0.37
25-ERRC-04
Interval
64.0
76.2
12.2
30.7
24.38
0.03
0.06
0.12
25-ERRC-05
Interval
79.2
83.8
4.6
26.6
12.3
0.026
0.09
0.31
Interval
100.6
102.1
1.5
83.1
59
0.114
0.22
0.4
25-ERRC-06
Interval
24.4
25.9
1.5
88.3
16.3
0.76
0.07
0.55
Interval
30.5
32
1.5
40.7
18.8
0.31
0.00
0.06
25-ERRC-07
Interval
0
4.6
4.6
118.5
115.9
0.084
0.05
0.07
Interval
47.2
57.9
10.7
35.9
25.7
0.073
0.05
0.16
25-ERRC-08
Interval
53.3
59.4
6.1
59
46.9
0.064
0.08
0.24
Interval
102.1
118.9
16.8
119.1
109.4
0.046
0.13
0.28
Including
103.6
105.2
1.5
466.9
456
0.088
0.35
0.66
Including
115.8
117.3
1.5
396
382
0.02
0.48
0.65
Interval
138.7
140.2
1.5
67.8
68.5
0.008
0.03
0.06
25-ERRC-09
Interval
70.1
83.8
13.7
106.4
79
0.1
0.21
0.57
Including
74.7
76.2
1.5
465.9
427
0.203
0.42
1.14
25-ERRC-10
Interval
48.8
51.8
3
314.1
316.3
0.187
0.06
0.06
Including
50.3
51.8
1.5
492.4
502
0.226
0.09
0.07
Interval
62.5
67.1
4.6
62.2
53.4
0.072
0.06
0.16
Including
65.5
67.1
1.5
110.2
106.5
0.057
0.06
0.13
Interval
129.5
132.6
3
130.4
116.3
0.003
0.25
0.41
Including
129.5
131.1
1.5
183.9
166.5
0.003
0.31
0.55
25-ERRC-12
Interval
48.8
68.6
19.8
368.1
370.2
0.25
0.04
0.06
including
61.0
65.5
4.6
1,369.3
1,400.0
0.62
0.15
0.18
and
61.0
62.5
1.5
2,571.0
2,636.0
1.12
0.27
0.25
Interval
76.2
77.7
1.5
37.4
36.6
0.04
0.00
0.01
Interval
86.9
112.8
25.9
79.0
69.2
0.17
0.03
0.05
including
88.4
89.9
1.5
467.1
479.0
0.13
0.15
0.11
Interval
141.7
143.3
1.5
168.0
171.5
0.03
0.09
0.07
Hole ID
From
(m)
To
(m)
Interval
(m)
Ag Eq
Rec (g/t)
Ag
(ppm)
Au
(ppm)
Pb
(%)
Zn
(%)
- Reported intervals are not true width (T.W). Drilling has been optimized to intersect mineralization between 70-90% T.W.
- AgEq grades are reported using the following assumption:
Metal Recovery: Ag 94%, Au 86%, Pb 93.5%, Zn 92%.
All summarized intervals reported in this press release were calculated using a 25 ppm Ag equivalent (AgEq) cut-off grade with AgEq
considering 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). Intervals
contain no more than 3 metres of internal dilution. High grades have not been capped. Sampling: RC samples are collected, split, logged
and weighed at the drill site. Duplicate samples and pulp rejects are returned and stored at the Capitan Silver CDP exploration camp.
Samples are sent to the Bureau Veritas Lab in Durango, Mexico for prep and then analyzed using code MA300, 4-acid digestion, multi-
element analysis. Au is analyzed using Fire Assay (FA430). Overlimit (>200 ppm Ag) assays utilize method MA370, with gravimetric
utilized for any overlimit thereafter.
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.
Qualified Person
The scientific and technical data contained in this news release pertaining to the Cruz de Plata project
was reviewed and approved by Marc Idziszek, P.Geo, a non-independent qualified person to Capitan
Silver, who is responsible for ensuring that the technical information provided in this news release is
accurate and who acts as a "qualified person" under National Instrument 43-101 Standards of
Disclosure for Mineral Projects.
About Capitan Silver Corp.
Capitan Silver is defining a new high-grade silver system at its Cruz de Plata project, located in the heart
of Mexico's primary silver belt. The Company is led by a proven and accomplished management team
that has previously advanced three projects into production, on time and on budget. The Company has
been diligent in maintaining a tight share structure and has one of the tightest share structures among its
peer group, with the top three shareholders owning over 38% of the Company's share capital. Capitan
Silver is fully funded and actively drilling at its Cruz de Plata Silver project.
Overview: Cruz de Plata Silver Project
Capitan Silver Corp.'s 2,551-hectare Cruz de Plata Silver-Gold project is located within the Altiplano
region of the State of Durango, one of the safest States in Mexico in recent years. Access to the project
site is excellent from either Durango or Torreon, with exploration permitted year-round.
The project area is the birthplace of the Peñoles Mining Company with historic mining dating back to
1887. These historical mines are contained within a well-defined, outcropping, high-grade silver trend
and include the Jesús María (2.5 km strike length), Santa Teresa (1.8 km length), San Rafael North (1.3
km) vein trend. These veins are believed to be part of a much larger intermediate sulfidation system that
stretches across the Cruz de Plata property. Grades from historic mining along with these veins ranged
from 300 to 2,000 g/t Ag, 3-12% Pb, and 4-10% Zn. The style of mineralization at the Cruz de Plata
Silver belt is mostly intermediate sulfidation.
Drilling by the Company and previous operators has focused mostly on the Jesús María vein system as
well as along cross-cutting Gully Fault Ag-Au zone.
Previously Announced Drill Results Include:
JM_DDH_13_06: 0.9 m of 3,567 g/t AgEq
within a wider interval of 13.7 m of 381.06 g/t AgEq
21-JMRC-10: 1.5 m @ 2,250.1 g/t AgE
q within a wider interval of 16.8 m @ 309.82 g/t AgEq
21-JMRC-01: 1.5 m @ 1,099.3 g/t AgEq
and
1.5 m @ 1,267.2 g/t AgEq
within a wider interval of
42.7 m @ 207.82 g/t AgEq
22-JMRC-22: 1.5 m of 1,431.68 g/t AgEq
within a wider interval of 10.7 m of 314.54 g/t AgEq
JM_DDH_14_24: 7.15 m of 1,024.4 g/t AgEq
within a wider interval of 42.0 m of 244.72 g/t
AgEq
JM_DDH_13_07: 2.0 m of 970.77 g/t AgEq
within a wider interval of 6.0 m of 368.3 g/t AgEq
including
21-JMRC-03: 1.5 m of 739.6 g/t AgEq
, and
1.5 m of 800.0 g/t AgEq
and
1.5 m @ 595.5 g/t
AgEq
within a wider interval of 10.7 m @ 403.43 g/t AgEq
JM_DDH_14_10: 4.3 m of 786.5 g/t AgEq
within a wider interval of 40.6 m of 160.05 g/t AgEq
(1) Silver equivalent calculated using the following equation: AgEq = (Ag x 0.94) + (Au x 0.86 x 80) + (Zn x 0.037 x 0.935) + (Pb x 0.03 x
0.92).
(2) For further detail see appendix 1 and 2 and press releases dated February 16, 2022, March 8, 2022, May 2, 2022, June 29, 2022,
January17, 2023.
(3) AgEq grades are now calculated using metal recoveries. Intervals from historic press releases may not match current release.
The Jesús María vein has been drill tested over a strike length of approximately 1.45 km and remains
open on its eastern side as well down-dip to the south. All historic drilling by the Company and previous
operators have returned Jesús María-style mineralization, with no holes missing their intended target.
Other targets outside of the Jesús María area have seen limited to no drill testing. To date, several multi-
kilometre silver trends have been identified at Cruz de Plata with a cumulative strike length of +7 km.
In addition, the project contains the Capitan Hill disseminated oxide gold deposit which is located in the
hanging wall to the Jesús María vein, approximately 150-300 m to its south. This zone represents the top
of the mineralized system and has similarities to the nearby El Castillo and San Agustin oxide gold
mines that were advanced, built and operated by members of Capitan's management team.
ON BEHALF OF CAPITAN SILVER CORP.
"Alberto Orozco"
Alberto Orozco, CEO
For additional information contact:
Alberto Orozco
CEO
Capitan Silver Corp.
Phone: (788) 327-6671
www.capitansilver.com
IR Team
Capitan Silver Corp.
Phone: (778) 327-6671
www.capitansilver.com
DISCLAIMER FOR FORWARD-LOOKING INFORMATION
Certain statements in this press release may be considered forward-looking information. These
statements can be identified by the use of forward-looking terminology (e.g., "expect", "estimates",
"intends", "anticipates", "believes", "plans"). Such information involves known and unknown risks --
including the availability of funds, the results of financing and exploration activities, the interpretation of
exploration results and other geological data, or unanticipated costs and expenses and other risks
identified by Capitan in its public securities filings that may cause actual events to differ materially from
current expectations. Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release
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