Capitan Silver Intersects 1,833 g/t Silver Equivalent over 1.5 M Within a Broader Zone of 340 g/t Silver Equivalent over 21.3 M at the New High-Grade Silver Zone at Cruz De Plata Capitan Silver reports high-grade silver mineralization in
Capitan Silver Intersects 1,833 g/t Silver
Equivalent over 1.5 M Within a Broader Zone
of 340 g/t Silver Equivalent over 21.3 M at the
New High-Grade Silver Zone at Cruz De Plata
Capitan Silver reports high-grade silver mineralization in
multiple drill holes
Vancouver, British Columbia--(Newsfile Corp. - February 10, 2026) - Capitan Silver Corp.
(TSXV: CAPT) ("Capitan" or "the Company") is pleased to report assay results from its 2025
reverse circulation ("RC") drill program at its flagship Cruz de Plata silver-gold project, located in
Durango, Mexico. The Company is reporting assay results from nine (9) drill holes.
Highlights:
Drilling at Capitan's Cruz de Plata Project continues to intersect high-grade silver
mineralization in step-out drilling, while expanding a new high-grade zone at the Jesus
Maria Silver Trend west of the Peñoles Fault
Drill hole 25-ERRC-37 intersected 1,833.1 g/t AgEq over 1.5m, within a broader zone of
340.4 g/t AgEq over 21.3m at the new high-grade zone proximal to the Peñoles Fault
New high-grade silver intercept extends mineralization of the Jesus Maria Silver Trend on
the north-easterly side (offset) of the Peñoles Fault
Drill hole 25-ERRC-32 intersected 1,254.8 g/t AgEq over 1.5m, within a wider interval of
157.3 g/t AgEq over 16.8m, down-dip from previously announced drill hole 25-ERRC-20
Previously announced drill hole 25-ERRC-20 intersected 1,541 g/t AgEq over 1.5m,
w ithin a broader interval of 201.65 g/t AgEq over 18.3m (see new s release of Capitan
dated October 14, 2025)
Additional silver mineralization intersected at the Jesus Maria Silver Trend, east of the
Peñoles fault, extending mineralization up-dip
Drill hole SRRC-06 intersected 381.4 g/t AgEq over 1.5m, within 153.6 g/t AgEq over
4.6m at the San Rafael target area
Both drill holes SRRC-06 and SRRC-07 extended known mineralization up-dip,
approximately 200m toward surface
Second drill rig recently arrived at Cruz de Plata: Capitan ramped up drilling capacity at the
property by adding a second drill rig. The newly arrived core rig joins the RC rig currently drilling at
Cruz de Plata (see news release of Capitan dated February 9, 2026)
Catalysts: Final assays pending for 24 drill holes
Alberto Orozco, CEO of Capitan Silver, commented:
"We are continuing to see high-grade silver, as mineralized zones expand and our pipeline of targets
grows within the Jesus Maria Silver Trend. Cruz de Plata is a large-scale system, and while
meaningful step-outs have delivered strong results, our drilling to date has been relatively shallow.
Now, with our first core rig on site, we are ready to test this system at depth-and take the next step in
unlocking its full potential."
Figure 1: Cruz de Plata project plan map
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Discussion of Drill Results
Drilling in 2025 continued to test high priority targets including the new high-grade silver zones that are
developing both east and west of the Peñoles Fault. The focus continued to be extending high-grade
zones of mineralization to depth and increasing confidence in the continuity of high-grade shoots within
those areas.
The Company continues to build confidence in the continuity of the 3.7km silver trend. Drill hole
25-
ERRC-37
intersected multiple high-grade zones below drill hole 25-JMRC-35, extending mineralization
down-dip ranging from 20m to 80m. This high-grade shoot has now been drilled over a strike length of
approximately 140m east-west by 220m down-dip and remains open at depth.
Drill hole
25-ERRC-32
extended the high-grade zone approximately 10m down-dip from drill hole 25-
ERRC-20 and continues to confirm continuity of mineralization. Additional step-out holes are planned,
and the zone remains open at depth and along strike to the northeast.
Figure 2: Drill hole 25-ERRC- 35 and 37 cross sections
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Figure 3: Drill hole 25-ERRC-32 cross section
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Additional widely-spaced, shallow drilling at new targets and expansion zones continue to return >100 g/t
AgEq intervals, confirming that broad zones of mineralization contain higher-grade cores. Drilling along
the eastern portion of the main 3.7 km Jesus Maria Silver Trend continues to return multiple sub-parallel
zones of silver mineralization that exhibits strong continuity both along strike and down-dip. Drill holes
25-SRRC-05
,
06
and
07
were designed as a fence to test an area of mineralization that
returned silver
grades between 50 and 2,083 g/t AgEq from surface sampling
(see Figure 4). Results show that
silver mineralization in this area is widespread, with best results returned including
381.4 g/t AgEq over
1.5m
in drill hole 25-SRRC-06 and
152.68 g/t AgEq over 3.0m
from drill hole 25-SRRC-07. Drilling at
San Rafael is still at an early stage, with follow up drilling planned to be at tighter spacing as well as step-
outs at depth, to define the orientation and controls on higher-grade zones.
Figure 4: Drill hole 25-SRRC-06, 07 cross sections
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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-32
Interval
18.29
35.05
16.8
157.3
153.4
0.152
0.036
0.046
including
19.81
21.34
1.5
1,254.8
1,308.0
0.134
0.265
0.254
25-ERRC-33
Interval
12.19
15.24
3.0
31.6
20.1
0.174
0.005
0.020
Interval
57.91
59.44
1.5
112.8
106.6
0.161
0.026
0.024
Interval
124.97
126.49
1.5
50.4
35.1
0.236
0.018
0.020
25-ERRC-35
Interval
22.86
45.72
22.9
38.8
26.5
0.190
0.004
0.021
including
33.50
36.60
3.0
132.2
93.9
0.630
0.008
0.020
Interval
53.34
59.44
6.1
28.0
16.7
0.166
0.003
0.023
Interval
70.10
79.25
9.1
73.8
72.4
0.065
0.011
0.029
including
70.10
71.63
1.5
117.2
114.1
0.120
0.022
0.028
including
77.72
79.25
1.5
191.5
195.0
0.100
0.010
0.030
Interval
83.82
92.96
9.1
84.2
76.5
0.122
0.053
0.069
including
88.39
89.92
1.5
198.2
188.3
0.257
0.077
0.041
Interval
102.11
103.63
1.5
41.9
39.9
0.050
0.008
0.020
25-ERRC-37
Interval
36.58
57.91
21.3
340.4
346.0
0.199
0.013
0.034
including
36.58
38.10
1.5
759.0
787.0
0.252
0.020
0.039
including
39.62
41.15
1.5
441.7
445.0
0.308
0.013
0.054
including
44.20
48.77
4.6
955.9
993.3
0.298
0.029
0.027
and
including
44.20
45.72
1.5
1,833.1
1,918.0
0.409
0.037
0.031
Interval
64.01
68.58
4.6
66.0
63.4
0.022
0.009
0.136
Interval
79.25
80.77
1.5
42.2
38.3
0.075
0.006
0.026
Interval
99.06
106.68
7.6
23.9
19.3
0.063
0.007
0.038
Interval
111.25
117.35
6.1
28.4
22.9
0.058
0.022
0.068
Interval
124.97
132.59
7.6
36.9
21.2
0.055
0.117
0.290
Interval
137.16
138.68
1.5
36.9
19.4
0.061
0.110
0.335
Interval
155.45
156.97
1.5
147.4
128.7
0.085
0.310
0.349
25-ERRC-49
Interval
67.06
68.58
1.5
33.6
33.0
0.025
0.003
0.022
Interval
76.20
77.72
1.5
51.5
51.0
0.044
0.006
0.010
25-ERRC-50
Interval
96.01
100.58
4.6
47.2
46.3
0.039
0.007
0.022
Interval
132.59
147.83
15.2
31.3
25.7
0.090
0.005
0.025
Interval
155.45
163.07
7.6
64.8
63.6
0.057
0.009
0.023
including
156.97
158.50
1.5
102.9
102.0
0.087
0.014
0.024
Interval
193.55
196.60
3.0
73.3
65.5
0.138
0.026
0.046
25-SRRC-05
Interval
73.15
86.87
13.7
62.5
56.8
0.120
0.006
0.018
including
74.68
77.72
3.0
121.6
114.5
0.190
0.014
0.020
Interval
94.49
96.01
1.5
27.3
25.4
0.041
0.004
0.015
25-SRRC-06
Interval
9.14
12.19
3.0
55.2
52.0
0.065
0.007
0.049
Interval
21.34
27.43
6.1
53.9
54.5
0.017
0.009
0.035
Interval
32.00
36.58
4.6
153.6
158.3
0.041
0.014
0.044
including
32.00
33.53
1.5
381.4
397.0
0.065
0.039
0.077
Interval
89.92
100.58
10.7
54.1
48.0
0.109
0.007
0.036
25-SRRC-07
Interval
51.82
57.91
6.1
71.5
70.5
0.063
0.004
0.023
including
54.86
56.39
1.5
143.3
139.0
0.167
0.006
0.029
Interval
67.06
74.68
7.6
36.8
30.4
0.111
0.003
0.014
Interval
79.25
82.30
3.0
35.1
35.0
0.027
0.002
0.009
Interval
96.01
97.54
1.5
31.9
18.0
0.214
0.002
0.007
Interval
146.30
164.59
18.3
55.0
52.4
0.063
0.005
0.037
including
146.3
149.83
3.0
152.7
143
0.243
0.013
0.035
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. RC Drill samples have been analysed by Bureau Veritas 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. RC Drill samples have also been sent to SGS labs in Durango for Fire assay and Four-acid Multi-
element analysis using the following codes: GE-FAA30V6 and GEICP40Q12, with over assays using the following codes: GO_FAG37V for Au and
Ag. 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. True widths along the Jesús María Trend are estimated
to be 70-90% of the drilled width. At new drill targets/discoveries, true widths are unknown. Intervals are calculated at a 25 g/t AgEq cut-off and are
cut at a maximum of 3 metres of internal dilution. Some numbers may not sum correctly due to rounding.
Qualified Person
The scientific and technical information in this news release has been reviewed and approved by Marc
Idziszek, P.Geo, Vice President Exploration of Capitan, and a "qualified person" (with the meaning of
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 approximately 37% 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
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Certain statements contained in this news release constitute
"
forward-looking statements
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within the
meaning of applicable Canadian securities legislation (collectively,
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statements, other than statements of historical fact, contained in this news release are forward-looking
statements. These forward-looking statements, by their nature, require Capitan to make certain
assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual
results to differ materially from those expressed or implied in these forward-looking statements.
Forward-looking statements are not guarantees of future performance.
Forward-looking statements may be identified by the use of words or phrases such as
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will
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would
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could
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should
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believe
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plan
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outlook
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seek
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explore
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and other similar terminology, as well as terms usually used in the future and the conditional, and the
negatives thereof, or comparable terminology, are intended to identify forward-looking statements. In
particular, but without limiting the foregoing, this news release contains forward-looking statements with
respect to: expectations regarding the Company's 2026 drilling program at the Cruz de Plata project,
including the planned 60,000-metre multi-rig program; anticipated timing and results of future assay
results; the potential scale, continuity, and grade of mineralization at the Cruz de Plata project; the
potential to expand known zones of mineralization; the prospectivity of the Cruz de Plata project and its
exploration potential; management's beliefs regarding the mineralized system at Cruz de Plata; and the
Company's strategy and exploration objectives.
The forward-looking statements contained in this news release are based upon certain material
assumptions that were applied in drawing a conclusion or making a forecast or projection, including
assumptions and expectations regarding: the continued validity of exploration results and geological
interpretations; the ability to complete planned exploration programs on time and within budget; the
availability of financing for future exploration and development activities; commodity prices remaining at
levels that support continued exploration; the ability to obtain and maintain all necessary permits and
approvals; the accuracy of current mineral resource estimates; the continuity of mineralization between
drill holes; and general economic and business conditions. Although the Company believes that the
assumptions underlying these forward-looking statements are reasonable, they may prove to be
incorrect, and the Company cannot assure investors that actual results will be consistent with these
forward-looking statements.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the Company to be materially different from
any future results, performance or achievements expressed or implied by the forward-looking
statements. Such risks and uncertainties include, but are not limited to: exploration and development
risks, including risks related to the interpretation of geological data and exploration results; the
uncertainty of mineral resource estimates; risks inherent in the mining industry including environmental
hazards, industrial accidents, unusual or unexpected geological formations, pressures, cave-ins,
flooding, and the risk of inadequate insurance or inability to obtain insurance; fluctuations in commodity
prices; currency exchange rate fluctuations; risks related to obtaining and maintaining necessary permits
and licenses; risks related to the Company's title to its mineral properties; risks related to the political
and economic climate in Mexico; regulatory changes; reliance on key personnel; competition in the
mining industry; risks related to the Company's ability to raise additional capital; dilution to existing
shareholders; risks related to global economic conditions and market volatility; environmental risks and
hazards; and other risks and uncertainties described in the Company's public filings.
The foregoing list of risks and uncertainties is not exhaustive. For a more complete discussion of the risk
factors affecting the Company, readers are encouraged to review the Company's filings available on
SEDAR+ (
www.sedarplus.ca
) under the Capitan's issuer profile.
Although the Company has attempted to identify important factors that could cause actual actions, events
or results to differ materially from those described in forward-looking statements, there may be other
factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Forward-looking statements contained herein are made as of the date of this news release and the
Company disclaims any obligation to update any forward-looking statements, whether as a result of new
information, future events or results or otherwise, except as required by applicable securities laws. There
can be no assurance that forward-looking statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements. Accordingly, readers
should not place undue reliance on forward-looking statements.
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. No stock exchange, securities commission or other regulatory
authority has approved or disapproved the information contained herein.
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