Capitan Silver Corp Intersects 1,541 g/t Silver Equivalent over 1.5 Metres within a Wider Zone of 201.6 g/t Silver Equivalent over 18.3 Metres at the Jesús María Silver Trend Drilling Across Cruz de Plata Property Continuing to Deliver
Capitan Silver Corp Intersects 1,541 g/t Silver
Equivalent over 1.5 Metres within a Wider
Zone of 201.6 g/t Silver Equivalent over 18.3
Metres at the Jesús María Silver Trend
Drilling Across Cruz de Plata Property Continuing to Deliver
High-Grade Results; New Zones Emerging at Depth, Strong
Mineralized Continuity Intersected, and More New Targets
Identified
Vancouver, British Columbia--(Newsfile Corp. - October 14, 2025) -
Capitan Silver Corp. (TSXV:
CAPT)
("Capitan" or "the Company")
is pleased to report assay results from its recently expanded
and fully funded Phase One reverse circulation ("
RC
") 15,000 metre drill program at its Cruz de Plata
silver-gold project, located in Durango, Mexico. The Company is reporting assay results from twelve (12)
drillholes.
Highlights:
New high-grade silver mineralization intersected in the extension of the Jesús María vein
Drillhole 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
The mineralization intersected is believed to be the continuation of the Jesús María main vein
which has been offset to the north by the Peñoles Fault
Jesús María vein remains open to the east and at depth, as well as open down plunge of
drillhole 25-ERRC-12
(previously released)
,
which returned one of the highest-grade intervals to
date at Cruz de Plata:
Drillhole 25-ERRC-12 intersected
2,636 g/t Ag over 1.5m
, within a wider interval of
1,400
g/t Ag over 4.6m
, occurring within a broader zone of
370.2 g/t Ag over 19.8m
(See
Capitan news release dated September 2, 2025)
Peñoles Fault emerging as a new key target:
Northwest-striking Peñoles Fault emerging as a
high-priority target, with evidence of enhanced mineralization open at depth, especially where the
fault intersects east-west trending zones.
New high-grade east-west trending zone discovered along the Jesús María silver trend
Drillhole 25-ERRC-17
intersected
475.91 g/t AgEq over 1.5m
, within a broader zone of
117.69 g/t AgEq over 7.6m
proximal to the Peñoles Fault
Continued high-grade silver mineralization intersected at the Gully Fault Zone; three (3)
distinct zones of mineralization identified:
Drillhole JMRC-33
Gully Fault
: intersected
216.2 g/t AgEq over 13.5m
, within a broader interval of
100.7 g/t AgEq over 44.2m
Jesús María
: intersected
803.6 g/t AgEq over 1.5m
, within a broader interval of
129.2 g/t AgEq over 22.9m
New Zone
: intersected
139.8 g/t AgEq over 3.0m
and
128.6 g/t AgEq over 4.6m
Drillhole JMRC-25
Gully Fault
: intersected
408.4 g/t AgEq over 3.0m
, within a broader zone of
112.2 g/t
AgEq over 38.1m
Jesús María
: intersected
13.7m
of vein zone with two separate 1.5m underground
openings with no drill recovery
New Zone
: intersected
358.2 g/t AgEq over 1.5m
within
213.1 g/t AgEq over 3m
and
276.8 g/t AgEq
Drillhole JMRC-26
intersected three (3) high-grade intervals including:
Gully Fault
: intersected
390.8 g/t AgEq over 1.5m
, within a broader interval of
111.9
g/t AgEq over 9.1m
Jesús María
: intersected
502.0 g/t AgEq over 1.5m,
and
328.6 g/t AgEq over 1.5m
within a broader interval of
238.4 g/t AgEq over 10.7m
New Zone
: intersected
100.2 g/t AgEq over 4.6m
Catalyst-rich Q4 2025 and Q1 2026:
Drilling is ongoing with assays pending for 28 RC drillholes
Capitan Silver's CEO Alberto Orozco commented:
"Capitan's 2025 drill program at Cruz de Plata continues to deliver encouraging results; I am very
excited by the progress our team has made with regards to intersecting high-grade silver
mineralization as well as identifying new zones and targets for further drilling. Cruz de Plata is a robust
and rich silver mineralized system - and we are finding that the more we drill, the more mineralization
we continue to find."
"I am also pleased to see that the reported drilling has provided further evidence that supports the
Company's new geological model - that key radial structures like the Gully Fault and potentially the
Peñoles Fault, which are associated with the large intrusion to the north of the Jesús María silver trend
- play an important role with respect to the distribution of mineralization at Cruz de Plata.
"Looking ahead, we remain focused on growing the mineralized system at Cruz de Plata and
providing our investors and the market with more evidence that we are developing a very compelling
new project."
The Silver System at Cruz de Plata Continues to Expand
Fieldwork conducted by the Capitan team continues to increase the footprint of the silver-rich
mineralized system at Cruz de Plata, revealing additional structures and zones. Expanded mineralization
is evidenced through high-grade hits, like the one returned from drillhole 25-ERRC-20 which intersected
the Jesús Maria vein, the potential new zone discovered by drillhole 25-ERRC-17, additional robust
results coming from drilling at the Gully Fault Zone, and the identification of a new priority drill target at
the Peñoles Fault.
Drilling continues to steadily progress at the Cruz De Plata project, with a total of 51 drillholes completed
to date across the Jesús María trend, Gully Fault, as well as new, early-stage targets to the north and
east of these known trends (See Figures 1 and 2).
Figure 1. Drill hole map of the Cruz de Plata project showing the location of the holes reported in this
release along the Jesús María silver trend with geological units.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7373/270341_68ace16194f8a9ec_002full.jpg
Figure 2. Inclined view (Plunge +50, looking North) of Jesús María silver vein.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7373/270341_68ace16194f8a9ec_003full.jpg
Jesús María Main Vein Continues
Drilling across the property continues to return high-grade silver results. Surface chip sampling in the
vicinity of drillhole 25-ERRC-20 returned moderate to high-grade values. Drill testing returned high-grade
silver values, with drillhole 25-ERRC-20 returning very high silver grades with
1,541 g/t AgEq over
1.5m
, within a broader interval of
201.65 g/t AgEq over 18.3m.
This area appears to be an offset and
continuation of the Jesús María vein. Follow-up drilling is planned for this area to extend this new
discovery down-dip and along strike.
Potential Discovery of New Zone from Drillhole 25-ERRC-17
A new area of mineralization was tested in between the 200m step-out hole that identified the Jesús
María offset to the north and the Jesús María trend to the south (See Figure 1, Plan Map). A total of six
(6) holes tested an approximate 250m strike along this trend, with all of them returning silver
mineralization ranging from low to high-grade. Best results include
475.91 g/t AgEq over 1.5m
, within a
wider interval of
117.69 g/t AgEq
over 7.6m
from drillhole 25-ERRC-17, and
310.37 g/t AgEq over
1.5m
from drillhole 25-ERRC-18, respectively. Follow-up drilling is expected for this area, focused on-
strike to the west and down-dip of drillhole 25-ERRC-17 proximal to the Peñoles Fault.
Gully Fault Zone Drill Results Reveal Multiple Zones of Silver Mineralization
Additionally, three (3) drillholes were completed at the Jesús María and Gully Fault intersection -
drillholes 25-JMRC-25, 25-JMRC-26, and 25-JMRC-33. The purpose of this drilling was to test the
continuity of the Gully Fault north of Jesús María, as well as to glean more insights with respect to the
orientation of the two mineralization styles. All holes returned near-surface intersections of both Gully
Fault and Jesús María-style silver mineralization. In addition, a new zone of mineralization appears to be
developing at depth, which is interpreted to be co-located with the Gully Fault, intersecting additional
sub-parallel structures to Jesús María in the footwall to the Jesús María zone. Best near-surface results
include
803.6 g/t AgEq over 1.5m
, within a broader interval of
129.2 g/t AgEq over 22.9m in drillhole
25-JMRC-33 (Jesús María vein), and 502.0 g/t AgEq over 1.5m in drillhole 25-JMRC-26.
Several new gold-silver and polymetallic (gold-silver-lead-zinc) zones were also intersected in the
footwall to the Jesús María zone, representing a new target to be followed up on (see Table 1 and
Figures 1 and 2). These zones have shown some continuity along strike to the west and up-dip but
require further investigation. This new zone appears to trend roughly parallel to the Jesús María vein,
remains open at depth and to the east, and may or may not come to surface. Most notably, parts of this
zone appear to carry higher gold tenors, compared to both the Jesús María Zone and Gully Fault Zone,
and may represent a new style of mineralization beginning to emerge. The best intersections from this
area include
358.2 g/t AgEq over 1.5m
within
213.1 g/t AgEq over 3m
in drillhole 25-JMRC-25,
276.8
g/t AgEq over 1.5m
within
108.9 g/t AgEq over 4.6m
in drillhole 25-JMRC-25,
100.2 g/t AgEq over
4.6m
in drillhole 25-JMRC-26, and
139.8 g/t AgEq over 3.0m
and
128.6 g/t AgEq over 4.6m
in
drillhole 25-JMRC-33 (See Table 1).
New Geological Interpretation: Enhanced Mineralization at the Peñoles Fault
Recent drilling as well as surface mapping at the Cruz de Plata project has revealed that a major
northwest-trending structure known as the Peñoles Fault appears to be an important feature in the
potential distribution of high-grade silver-gold mineralization across the central portion of the property
(See Figures 1 and 2). This has been identified as a priority follow-up target.
Table 1. Drill results
Hole ID
From (m)
To
(m)
Interval
(m)
Ag Eq Rec
(g/t)
Ag
(ppm)
Au
(ppm)
Pb
(%)
Zn
(%)
ZONE
25-ERRC-11
interval
3.0
12.2
9.1
51.97
48.47
0.08
0.01
0.02
interval
16.8
21.3
4.6
93.00
50.73
0.64
0.01
0.03
including
18.3
19.8
1.5
178.5
76.4
1.53
0.02
0.02
interval
36.6
39.6
3.0
42.41
39.90
0.06
0.01
0.01
interval
51.8
62.5
10.7
94.07
93.37
0.07
0.02
0.03
including
51.8
53.3
1.5
347.33
349.00
0.21
0.09
0.06
interval
80.8
97.5
16.8
64.71
55.05
0.10
0.10
0.09
interval
102.1
112.8
10.7
36.14
31.79
0.05
0.03
0.06
interval
141.7
146.3
4.6
25.58
20.53
0.02
0.05
0.10
25-ERRC-13
No significant mineralization
25-ERRC-14
interval
117.3
120.4
3.0
36.96
34.05
0.05
0.00
0.04
interval
131.1
137.2
6.1
28.15
22.23
0.10
0.00
0.01
25-ERRC-15
interval
42.7
45.7
3.0
67.87
66.60
0.06
0.00
0.03
interval
108.2
112.8
4.6
50.94
51.37
0.03
0.00
0.02
25-ERRC-16
interval
131.064
132.6
1.52
75.61
70.00
0.12
0.01
0.03
25-ERRC-17
interval
132.6
140.2
7.6
117.69
108.38
0.22
0.01
0.02
including
138.7
140.2
1.5
475.91
451.00
0.73
0.03
0.04
interval
166.1
170.7
4.6
55.96
38.60
0.27
0.01
0.02
including
167.6
169.2
1.5
102.8
74.3
0.46
0.01
0.02
interval
175.3
179.8
4.6
37.72
18.47
0.28
0.01
0.02
interval
189.0
190.5
1.5
52.29
36.70
0.24
0.01
0.02
25-ERRC-18
interval
35.1
36.6
1.5
112.42
114.40
0.05
0.01
0.04
interval
53.3
54.9
1.5
43.73
40.40
0.08
0.00
0.02
interval
114.3
115.8
1.5
310.37
324.00
0.05
0.03
0.04
interval
134.1
135.6
1.5
60.72
56.70
0.06
0.01
0.08
25-ERRC-19
interval
54.9
56.4
1.5
25.00
18.30
0.10
0.00
0.02
interval
108.2
109.7
1.5
64.17
65.70
0.03
0.00
0.01
interval
155.4
157.0
1.5
30.16
19.60
0.17
0.00
0.00
25-ERRC-20
interval
13.7
32.0
18.3
201.65
200.28
0.17
0.03
0.03
including
18.3
22.4
4.6
688.8
709.8
0.25
0.09
0.05
including
18.3
19.8
1.5
1,541.03
1,599.00
0.43
0.21
0.07
including
19.8
21.3
1.5
369.09
375.00
0.20
0.05
0.05
interval
45.7
47.2
1.5
28.68
21.10
0.11
0.02
0.02
25-JMRC-25
Interval
10.7
48.8
38.1
112.2
93.4
0.253
0.07
0.15
Gully Fault
Including
19.8
22.9
3
408.4
371.5
0.573
0.49
0.18
Interval
56.4
59.4
3
68.7
32.1
0.249
0.5
0.22
Jesús María
Vein (13.7m)
61
62.5
1.5
OPEN UNDEGROUND WORKING / NO RECOVERY
Interval
62.5
65.5
3
162.2
52.3
0.257
0.54
2.36
65.5
67.1
1.5
OPEN UNDEGROUND WORKING / NO RECOVERY
Interval
67.1
70.1
3
213.1
82
0.289
1.11
2.5
New
Including
67.1
68.6
1.5
358.2
142.8
0.407
1.89
4.2
Interval
109.7
114.3
4.6
108.1
61.6
0.171
0.6
0.63
New
Including
109.7
111.3
1.5
276.8
165.60
0.38
1.45
1.59
Interval
126.5
138.7
12.2
41.3
13.2
0.271
0.1
0.22
New
25-JMRC-26
Interval
24.4
33.5
9.1
111.9
101.8
0.085
0.19
0.15
Gully Fault
Including
25.9
27.4
1.5
390.8
377
0.104
0.64
0.33
Interval
61.0
71.6
10.7
238.4
117.1
0.55
1.52
1.42
Jesús María
Vein
Including
67.1
68.6
1.5
502.0
278.0
0.31
5.57
1.85
Including
70.1
71.6
1.5
328.6
106.6
1.55
2.21
1.76
Interval
80.8
86.9
6.1
50.2
13.9
0.077
0.28
0.71
New
Interval
149.4
155.4
6.1
92.4
19.9
0.938
0.13
0.16
New
Including
149.4
153.9
4.6
100.2
18.07
1.09
0.13
0.14
25-JMRC-33
Interval
13.7
57.9
44.2
100.7
65.32
0.52
0.04
0.08
Gully Fault
including
25.9
39.6
13.5
216.2
142.01
1.12
0.08
0.1
including
27.4
29.0
1.5
315.1
310.00
0.28
0.05
0.10
including
36.6
38.1
1.5
301.0
155.80
2.16
0.08
0.10
interval
50.3
57.9
7.6
85.1
61.7
0.33
0.04
0.1
including
54.9
56.4
1.5
151.2
102.2
0.70
0.05
0.16
Interval
68.6
91.4
22.9
129.2
67.15
0.37
0.62
0.68
Jesús María
Vein
including
85.3
89.9
4.6
374.1
234.4
0.61
2.14
1.53
including
86.9
88.4
1.5
803.6
523.00
1.21
4.34
3.15
Interval
125.0
128.0
3.0
139.8
69.35
0.51
0.64
0.64
New
Interval
141.7
146.3
4.6
80.2
25.80
0.28
0.48
0.69
New
Interval
152.4
157.0
4.6
128.6
49.70
0.49
0.68
0.86
New
Interval
173.7
178.3
4.6
33.1
4.53
0.41
0.00
0.01
New
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. Capitan Silver field samples are sent to the Bureau Veritas Lab in Durango, Mexico for prep. RC Drill samples have been
analysed 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. 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.
ON BEHALF OF CAPITAN SILVER CORP.
"Alberto Orozco"
Alberto Orozco, CEO
For Additional Information Contact:
Alberto Orozco, CEO
Capitan Silver Corp.
Greg DiTomaso, Investor Relations
Capitan Silver Corp.
Phone: (416) 433-2801
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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