Capitan Silver Gets Drill Permit for Cruz de Plata, Starts Drilling on New Targets

Capitan Silver Corp. has secured a key exploration permit for its Cruz de Plata silver-gold project in Durango, Mexico, enabling the company to significantly expand drilling operations along the Jesus Maria Silver Trend and test several previously undrilled mineralized structures on recently acquired concessions.

The new permit allows Capitan to drill on concessions acquired from Minera Fresnillo S.A. de C.V. in August 2025, which include targets to the east, northwest, and north of the main project area. These areas have not been previously drilled, offering potential for new discoveries. The company has already commenced drilling on these high-priority regional targets.

For precious metals traders, this development is a positive signal for silver supply prospects. While the immediate impact on silver prices is limited, successful exploration could add to future mine supply. Investors tracking silver equities may view this as a catalyst for Capitan Silver's stock. NowPrice's real-time gold and silver quotes provide the latest market levels for traders monitoring the sector.

Looking ahead, the market will watch for assay results from the ongoing drilling program. Positive results could validate the expansion potential of the Cruz de Plata project and support Capitan's share price. The company's ability to efficiently execute its exploration plan will be key to maintaining investor confidence.