Capitan Silver Corp(TSXV:CAPT)
Capitan Silver Corp.
Investor website: https://www.capitansilver.com/
About
Capitan Silver Corp. (TSX-V: CAPT) is a Canadian gold-silver mining exploration company engaged in exploring its 100%-owned, high-grade silver Cruz de Plata Project in Durango, located right in the heart of Mexico’s silver belt. With a team of highly-experienced professionals with a proven track record on project development and exploration, Capitan is well positioned to advance the Cruz de Plata project.
Verified company data
- Cash position
- not discovered
- Shares outstanding
- 128.5M
- Fully diluted shares
- 134.4M
- Mineral resource
- The Cruz de Plata Project has an established (305k oz Au at 0.46 g/t & 15M oz Ag at 62 g/t Ag) inferred resource (see NI 43-101 report below), which remains open in multiple directions and at depth. Previous work includes drilling, underground sampling and trenching at the El Capitan gold zone and the historic Jesus Maria silver mine discovered high-grade Ag.
- Projects
- ["## The Cruz de Plata Project\n\n- [Capitan Hill](https://www.capitansilver.com/projects/capitan-hill.html)\n- [Jesus Maria Silver Zone](https://www.capitansilver.com/projects/jesus-maria-silver-zone.html)\n\n## OVERVIEW\n\n| | |\n| --- | --- |\n| | | |\n| --- | --- |\n|  | ##### COMMODITY: Gold, Silver<br>##### LOCATION: Durango, Mexico<br>##### SIZE: 22.9 km² | |\n\nThe Cruz de Plata Project includes an oxide gold prospect (referred to as El Capitan) and two historic silver mines (Jesus Maria and San Rafael) located in the historic Peñoles Mining District of Durango, Mexico. the Cruz de Plata Project is host to multiple mineralized vein systems, fault zone structures, poly-metallic skarns, and silicified low-temperature gold-rich volcaniclastics. Approximately 86 diamond drill holes totalling more than 11,550 metres have now been completed at the Project. Drilling to date on the Peñoles property has defined wide intervals of near-surface gold mineralization (with low silver values) at El Capitan that could potentially be amenable to open-pit extraction methods and significant intervals of near-surface silver mineralization (with associated gold, lead and zinc values) at Jesus Maria zone.\n\n## EXPLORATION HISTORY\n\nAccording to published historic records, Minera Industrias Peñoles was incorporated in 1887 to operate the Jesus Maria and San Rafael silver mines and took its name from the local community of Peñoles. The full extent of the historic mine workings is unknown, but mining appears to have been selective and limited to within approximately 100 metres from the surface. The only modern exploration work that was completed on the property prior to 2011 consisted of a four-hole drill program completed by Aurcana Corporation (“Aurcana”) in 2004, and surface mapping, sampling, a limited IP survey, and a five-hole drill program completed by Riverside in 2008 and 2009. The drill holes completed by Aurcana and Riverside returned encouraging results and showed that El Capitan had potential to host a bulk-tonnage, low-grade gold deposit. Preliminary metallurgical tests completed by Sierra Madre in 2011 using Riverside drill core indicated that the gold mineralization at El Capitan could likely be recovered using cyanide leaching. Since March 2011, exploration work and drilling funded by Riverside’s partner has primarily focused on the El Capitan Gold Zone and the Jesus Maria Silver Zone.\n\n## PREVIOUS WORK: EXPLORATION RESULTS\n\nThe Cruz de Plata Project has an established (305k oz Au at 0.46 g/t & 15M oz Ag at 62 g/t Ag) inferred resource (see NI 43-101 report below), which remains open in multiple directions and at depth. Previous work includes drilling, underground sampling and trenching at the El Capitan gold zone and the historic Jesus Maria silver mine discovered high-grade Ag.\n\n## Capitan Hill Historic Drill Results\n\n**Capitan Hill Historic Drill Results**\n\n- **CDDH-11-03:** 57 g/t Au over 107.35m\n- **CDDH-11-14:** 69 g/t Au over 37.15m\n- **CDDH-11-16:** 55 g/t Au over 80.12m\n\n| Hole_ID | From_m | To_m | Interval_m | Au (g/t) |\n| --- | --- | --- | --- | --- |\n| CDDH-11-03 | 18.95 | 126.3 | 107.35 | 0.57 |\n| CDDH-11-14 | 77.7 | 114.85 | 37.15 | 0.69 |\n| CDDH-11-16 | 23.88 | 104 | 80.12 | 0.55 |\n\n- Drillhole Intervals are calculated using a 0.1g/t Au cut-off, with no more than 3m of interval dilution\n- Reported intervals drill width’s only. True widths are approximately 70-90% of the reported interval\n\n## GEOLOGY\n\nThe Cruz de Plata Project lies in the Altiplano Sub province of the Sierra Madre Occidental (SMO). The SMO is a regionally extensive Eocene to Miocene volcanic field that extends from the US-Mexican border into Central Mexico. The Altiplano sub province is on the eastern flank of the SMO and comprises Jurassic to late Tertiary sedimentary and volcanic rocks (Sedlock et al., 1993). This district hosts extensive hydrothermal-related silver, gold and base-metal deposits and is generally referred to as the Faja de Plata, or Mexican Silver Belt.\n\nThe El Capitan deposit, the Jesus Maria deposit, and the San Rafael-El Tubo prospects of the Cruz de Plata Project are located on the concessions owned by Riverside and they appear to be related to intersections between the northwest-striking and northeast-striking regional structures. These occurrences are also localized along the southern margins of a northeast-oriented magnetic anomaly identified from government airborne surveys.\n\n## RESOURCE\n\n| |\n| --- |\n| [2025 NI 43-101 TECHNICAL REPORT](https://www.capitansilver.com/images/CAPITAN_Technical_Report_Capitan_Hill_Oxide_Gold_Deposit_2026_compressed.pdf) |\n\n\n\n## QUALIFIED PERSON, QA/QC & TECHNICAL DISCLOSURES\n\nThe 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.\n\nCapitan Silver Inc. has a Quality Assurance/Quality Control program that includes insertion and verification of control samples including standard reference material, blanks and duplicates consistent with industry standards.\n\nCapitan Mining Inc's Peñoles Gold-Silver Project in Durango Mexico - YouTube\n\nTap to unmute\n\n[Capitan Mining Inc's Peñoles Gold-Silver Project in Durango Mexico](https://www.youtube.com/watch?v=HHzH93seNRI) [Capitan Mining](https://www.youtube.com/channel/UCLRz7lzpHbwbXlZN9P-z7Mw)\n\nCapitan Mining19 subscribers\n\n[Watch on](https://www.youtube.com/watch?v=HHzH93seNRI)\n\n## GALLERY\n\n| | |\n| --- | --- |\n|  |  |\n\nDrilling the Capitan Hill Gold Zone at the Cruz de Plata Project\n\n---\n\n\n\n## Jesus Maria Silver Zone\n\n- [Capitan Hill](https://www.capitansilver.com/projects/capitan-hill.html)\n- [Jesus Maria Silver Zone](https://www.capitansilver.com/projects/jesus-maria-silver-zone.html)\n\n## OVERVIEW – JESUS MARIA SILVER ZONE\n\nThe Jesus Maria (JM) silver deposit is located approximately 280m to the northeast of the Capitan deposit (see figures 1 & 3). It has been traced by surface trenching and diamond drilling over a strike length of 750m and to a depth of 150m, with the majority of drilling focused over 250m strike length and less than 100m below surface.\n\n## EXPLORATION HISTORY\n\nThe Jesus Maria Silver Zone has a long mining history going back to the late 1800's, when the Penoles Mining company constructed several shafts and drifts to exploit the high-grade silver veins in the area. In recent years, work programs conducted by previous operators has demonstrated significant potential at the Jesus Maria Silver Zone. The work to date has identified Two (2) distinct styles of silver mineralization:\n\n1. High-grade silver polymetallic veins (Silver gold lead-Zinc)\n2. High-grade silver with gold veins\n\n## PREVIOUS EXPLORATION & DRILLING RESULTS\n\nPrior Trenching Highlights - Jesus Maria (2011-2013)\n\n- 22m of 224g/t Ag, 1.08 g/t Au, 2.5% Pb and 1.7% Zn (2011)\n- 8.3m of 144 g/t Ag, 1.68 g/t Au, 2.4% Pb and 2.2% Zn (2011)\n- 13.4m of 309 g/t Ag, 1.7 g/t Au. 2.4% Pb and 0.6% Zn (2011)\n- 15.4m of 420.8 g/t Ag, 0.15 Au (2013)\n - Including 2m of 2,152.2 g/t Ag and 0.48 g/t Au\n- 15.8m of 129.8 g/t Ag and 0.16 g/t Au (2013)\n - Including 2m of 378.9 g/t Ag and 0.97 g/t Au\n\nApproximately 3,100m of diamond drilling were completed by previous operators at the Jesus Maria Silver Zone (2011-2014), which were used to complete an initial 43-101 compliant, Inferred resource in 2015 consisting of 7.5M tonnes at 62 g/t Ag (15M ounces) and 0.1 g/t Au (26k ounces).\n\n## Jesus Maria Historic Drill Results\n\n**Jesus Maria Historic Drill Results**\n\n- **JM_DDH_11_01:** 15 g/t AgEq over 0.6m, within 2.5m of 257.80 g/t AgEq\n- **JM_DDH_13_06:** 3,567 g/t AgEq over 0.9m, within 7m of 381.06 g/t AgEq\n- **JM_DDH_13_07:** 77 g/t AgEq over 2.0m, within 368.26 g/t Ageq over 6.0m\n- **JM_DDH_14_10:** 5 g/t AgEq over 4.3m, within 40.6m of 160.05 g/t\n- **JM_DDH_14_24:** 1,024.4 g/t AgEq over 7.15m, within 42.0m of 244.72 g/t AgEq\n\n| Hole_ID | From_m | To_m | Interval_m | AgEq (g/t) | Au (g/t) | Ag (g/t) | Pb (%) | Zn (%) |\n| --- | --- | --- | --- | --- | --- | --- | --- | --- |\n| JM_DDH_11_01 | 194.5 | 196.9 | 2.5 | 257.80 | <0.13 | 113.63 | 2.46 | 2.14 |\n| including | **194.5** | **195.1** | **0.6** | **931.15** | **0.42** | **392.55** | **9.60** | **7.80** |\n| JM_DDH_13_06 | 66.6 | 80.3 | 13.7 | 381.06 | 0.17 | 280.40 | 1.19 | 2.12 |\n| including | **79.4** | **80.3** | **0.9** | **3567.36** | **0.36** | **3409.10** | **3.42** | **7.12** |\n| JM_DDH_13_07 | 114.7 | 120.7 | 6.0 | 368.26 | 0.11 | 363.03 | 0.26 | 0.35 |\n| including | **114.7** | **116.7** | **2.0** | **970.77** | **0.23** | **988.50** | **0.34** | **0.49** |\n| JM_DDH_14_10 | 18.9 | 59.5 | 40.6 | 160.05 | 0.54 | 123.89 | 0.07 | 0.14 |\n| including | **27.7** | **32.0** | **4.3** | **786.50** | **1.20** | **732.24** | **0.13** | **0.35** |\n| JM_DDH_14_24 | 52.7 | 94.6 | 42.0 | 244.72 | 0.38 | 227.24 | 0.05 | 0.11 |\n| including | **79.0** | **86.1** | **7.1** | **1024.38** | **1.24** | **988.43** | **0.07** | **0.11** |\n\n- 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)\n- Recovery assumptions are as follows: Ag – 94%, Au – 80%, Zn – 93.5%, Pb – 92%\n- Reported intervals drill widths only. True widths are approximately 70-90% of the reported interval\n\n## QUALIFIED PERSON, QA/QC & TECHNICAL DISCLOSURES\n\nThe 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.\n\nCapitan Silver Inc. has a Quality Assurance/Quality Control program that includes insertion and verification of control samples including standard reference material, blanks and duplicates consistent with industry standards.\n\nRC drill samples from the Cruz de Plata Project are collected and split at the drill site using a Gilson Universal Splitter. The samples are stored in either plastic bags (dry) or micropore bags (wet) and secured with plastic zip-ties and then transported to the preparation laboratory of Bureau Veritas in Hermosillo, Sonora. The sample pulps are then transported to the Bureau Veritas' laboratory in Vancouver, where they are assayed for gold by fire assay with atomic absorption finish (FA430 assay method code; 0.005 to 10 ppm detection limit). Samples over 10 ppm Au and over 100 ppm Ag are assayed with gravimetric finish (Assay code FA530). All samples are also assayed by ICP-ES (code AQ300) for a suite of 33 elements. Samples over 1%Pb and Zn are assayed by Aqua regia Ore Grade ICP-ES (AQ 370).\n\nAll 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.\n\n## 2021/2022 DRILL PROGRAM FIGURES at Jesus Maria\n\n| | | |\n| --- | --- | --- |\n| **Figure 2: Cross Section 500 Drill Hole 01** | | **Figure 3: Cross Section 350 Drill Hole 04** |\n| **Figure 4. Focus of Inaugural 5,000m Drill Program Targeting**<br>**High-Grade Silver Mineralization at the Cruz de Plata Project** | | |"]
- Leadership
- Alberto Orozco (CEO & Director, Holds an MSc from the University of Sonora, Mexico, and has 15 years of experience in the mining industry, including roles at Linear Gold Corp. and Riverside Resources.), Rob Scott (CFO, CPA, CA, and CFA charterholder with over 20 years of experience in accounting, corporate finance, and compliance.), Oscar Jimenez (Operations, Exploration geologist with over 30 years of experience managing significant projects and gold-silver deposits in Mexico.)
Verified data last updated: 2026-05-15
Recent filings
- capt_2026-05-11_06-11-56.pdf — — press_release
- capt_2026-05-08_06-13-50.pdf — — press_release
- capt_2026-05-07_19-52-21.pdf — — press_release
- capt_2026-05-07_19-05-40.pdf — — other
- capt_2026-05-07_19-05-09.pdf — — other
- capt_2026-05-07_19-04-38.pdf — — proxy
- capt_2026-05-07_19-03-37.pdf — — proxy
- Filed Via SEDAR — — press_release