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• CAPT announced it has commenced a 60,000m multi-drill program for 2026 at the Cruz de Plata Project, which is 400% larger than the 2025 program and will consist of both RC and core drilling.
• The program is designed to aggressively develop this prospective asset with the goal of growing Cruz de Plata into a project like that of large development peers like Vizsla Silver, which we see analogues to.
This morning, Capitan Silver (CAPT:TSXV) announced it is commencing a 60,000m multi-drill program in 2026, which will consist of both RC and core drilling. The program will start out with the one RC drill currently on site, and ramp up to a total of four drills, with the addition of three core drills.
The program marks a 400% increase from the 15,000m program announced in 2025 as CAPT looks to test numerous high-priority targets on the property. Targets will include expanding silver zones on the 3.7km Jesus Maria Silver Trend (Gully Fault and Peñoles Fault targets), testing new high-grade targets (Casco Norte, La Purisima, and Jesus Maria Northwest), and further infilling Capitan Hill to upgrade the Inferred resource. We are maintaining our BUY rating and target price of $3.50/share on Capitan Silver.
On the Jesus Maria Silver Trend, core drilling will focus on extensions down-dip and along strike, while further defining high-grade zones along the trend. Amongst the new targets, the Company plans to complete first-pass RC drilling at shallow depths to further define the early-stage potential. While at Capitan Hill, core drilling will focus on converting the Inferred resource reported in December into M&I. In addition, CAPT plans to conduct first-pass RC drilling on the La Providencia and El Tubo gold opportunities. On top of the extensive drilling planned for 2026, early-stage exploration plans are in place, which will include mapping the land package and trenching new targets, with results from a property-wide geophysical survey anticipated in H1.
CAPT: Kicking Off a 60,000m Drill Program at Cruz de Plata
What you need to know:• CAPT announced it has commenced a 60,000m multi-drill program for 2026 at the Cruz de Plata Project, which is 400% larger than the 2025 program and will consist of both RC and core drilling.
• The program is designed to aggressively develop this prospective asset with the goal of growing Cruz de Plata into a project like that of large development peers like Vizsla Silver, which we see analogues to.
This morning, Capitan Silver (CAPT:TSXV) announced it is commencing a 60,000m multi-drill program in 2026, which will consist of both RC and core drilling. The program will start out with the one RC drill currently on site, and ramp up to a total of four drills, with the addition of three core drills.
The program marks a 400% increase from the 15,000m program announced in 2025 as CAPT looks to test numerous high-priority targets on the property. Targets will include expanding silver zones on the 3.7km Jesus Maria Silver Trend (Gully Fault and Peñoles Fault targets), testing new high-grade targets (Casco Norte, La Purisima, and Jesus Maria Northwest), and further infilling Capitan Hill to upgrade the Inferred resource. We are maintaining our BUY rating and target price of $3.50/share on Capitan Silver.
On the Jesus Maria Silver Trend, core drilling will focus on extensions down-dip and along strike, while further defining high-grade zones along the trend. Amongst the new targets, the Company plans to complete first-pass RC drilling at shallow depths to further define the early-stage potential. While at Capitan Hill, core drilling will focus on converting the Inferred resource reported in December into M&I. In addition, CAPT plans to conduct first-pass RC drilling on the La Providencia and El Tubo gold opportunities. On top of the extensive drilling planned for 2026, early-stage exploration plans are in place, which will include mapping the land package and trenching new targets, with results from a property-wide geophysical survey anticipated in H1.
Underlying
CAPITAN SILVER CORP
Provider
Atrium Research Corporation
Atrium Research provides institutional quality issuer paid research on North American public equities using deep fundamental analysis. Our research reports are disseminated through Bloomberg, FactSet, Capital IQ, Reuters and many more, as well as through our social media and email distribution lists.
Ben Pirie
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