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The latest update is out from Capitan Silver ( (TSE:CAPT) ).
Capitan Silver reported new assay results from ten reverse circulation drill holes at its Cruz de Plata project in Durango, highlighting further high-grade silver mineralization along the Jesus Maria Silver Trend. The 60,000-metre multi-rig drill campaign, now with three of four rigs on site, underscores the company’s strategy to grow its silver-gold resource base at depth and along strike.
The standout hole 25-ERRC-52 intersected 1,450.5 grams per tonne silver equivalent over 1.5 metres within a broader 41.1-metre interval grading 211.0 grams per tonne silver equivalent, extending mineralization 25 metres down-dip and suggesting zones widen at depth. Additional holes on both sides of the Peñoles Fault and along the Gully Fault confirmed continuity of silver mineralization and revealed a new gold zone near the Capitan Hill oxide deposit, while pending assays and a recent airborne geophysical survey are set to shape deeper targeting and future drilling priorities.
The most recent analyst rating on (TSE:CAPT) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Capitan Silver stock, see the TSE:CAPT Stock Forecast page.
Spark’s Take on CAPT Stock
According to Spark, TipRanks’ AI Analyst, CAPT is a Neutral.
The score is held back primarily by weak financial performance (pre-revenue, ongoing losses, and cash burn), partially offset by a supportive technical setup with price above key moving averages and positive momentum. Valuation remains challenging due to negative earnings and no dividend support.
To see Spark’s full report on CAPT stock, click here.
More about Capitan Silver
Capitan Silver Corp. is a Vancouver-based exploration company focused on advancing its Cruz de Plata silver-gold project in Durango, Mexico. The company targets intermediate sulfidation epithermal systems along the Jesus Maria Silver Trend, aiming to define and expand high-grade silver and oxide gold resources through extensive reverse circulation and diamond drilling programs.
Average Trading Volume: 183,600
Technical Sentiment Signal: Buy
Current Market Cap: C$264.8M
See more insights into CAPT stock on TipRanks’ Stock Analysis page.