Capitan Silver Kicks Off Ambitious Phase 1 Exploration Program for 2025

Capitan Silver Corp. has announced the launch of its Phase 1 exploration program at the Cruz de Plata Project in Durango, Mexico. This initiative, set to begin in early March 2025, aims to explore high-priority silver targets following a successful equity financing.

Key Takeaways:

• Funding Secured: Capitan Silver has closed a C$5.3 million equity financing, enabling the recommencement of drilling activities.
• Drilling Program: The Phase 1 program will involve 10,000 meters of reverse circulation drilling focused on high-grade silver targets.
• Target Areas: Key areas of interest include the Jesus Maria vein and the Gully Fault zone, both of which have shown promising mineralization in previous drilling.
• Resource Update: An updated mineral resource estimate for the Capitan Hill Oxide Gold Deposit is expected in Q2 2025.

Overview Of The Cruz De Plata Project

The Cruz de Plata Project spans 2,551 hectares and is located in the Altiplano region of Durango, Mexico. This area has a rich mining history, with operations dating back to 1887. The project is known for its high-grade silver trends, including the Jesús María vein, which has a strike length of 2.5 kilometers.

Phase 1 Exploration Program Details

The Phase 1 exploration program will focus on several key objectives:

1. High-Grade Silver Mineralization at Jesus Maria:
2. Step Out Drilling Along the Gully Fault Zone:
3. New Drill Targets on Parallel Structures:

Anticipated Outcomes

Capitan Silver's CEO, Alberto Orozco, expressed enthusiasm about the upcoming drilling activities, emphasizing the potential of the Cruz de Plata project. The company aims to unlock significant value through this exploration phase, which is expected to enhance their understanding of the mineralization and generate new opportunities.

Conclusion

With the successful closing of financing and a clear exploration strategy, Capitan Silver is poised to make significant advancements at the Cruz de Plata Project in 2025. The upcoming drilling program will be crucial in defining high-grade silver targets and expanding the company's resource base, setting the stage for future growth in the silver mining sector.

Sources

• Capitan Silver Announces Phase 1 Exploration Program for 2025, Junior Mining Network.