RC Drilling At The Cruz De Plata Project

VANCOUVER – Capitan Silver Corp. reported on the reverse circulation (RC) drill program at its Cruz de Plata silver-gold project, located in Durango, Mexico. 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, within a broader interval of 201.65 g/t AgEq over 18.3m. 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. Final assays pending for 24 drill holes.
Alberto Orozco, CEO, said, “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.”