Capitan Silver (TSX-V:CAPT) reports ‘bonanza-grade’ silver intercepts from its 60,000m drilling program at the Cruz de Plata Silver-Gold Project in Mexico.
The company intersected 1.1m @ 1,077.10 grams per tonne silver equivalent from a broader zone of 6.7m grading 342.20g/t silver equivalent.
The intercept extends the main Jesus Maria zone 25m down dip and demonstrates grades improving at depth.
All eight reported drill holes intersected silver mineralisation, expanding the footprint along the Jesus Maria Silver Trend, with multiple holes on both sides of the Peñoles Fault showing expanded silver mineralisation down dip.
CEO Alberto Orozco says the results continue to expand the size and potential of the silver-rich mineralised system.
“We are continuing to see high-grade results with grades improving at depth, which demonstrates the strong vertical continuity of this deposit,” Orozco says.
The company currently operates four drill rigs at the property, focusing on step-out drilling along the trend at targets A, B, and C.
Drilling west of the Peñoles Fault focused on Area C, which includes historic workings characterised by base-metal rich mineralisation.
East of the fault, reverse circulation drilling continued delineating and expanding the trend at depth.
Capitan Silver maintains 61 drill holes pending assay results, comprising 35 core holes and 26 reverse circulation holes.
Capitan Silver is a gold-silver explorer focused on expanding the mineralised footprint of its Cruz de Plata Project located within Mexico’s primary silver belt in Durango.
Write to Paula Fabe at Mining.com.au
Images: Capitan Silver
