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Capitan Silver ( (TSE:CAPT) ) has issued an announcement.
Capitan Silver reported strong assay results from nine reverse circulation drill holes at its Cruz de Plata project, including a highlight intercept of 1,833.1 grams per tonne silver equivalent over 1.5 metres within 21.3 metres grading 340.4 g/t AgEq. The latest drilling extends high-grade mineralization both east and west of the Peñoles Fault, confirming continuity along the Jesus Maria Silver Trend and indicating that the system remains open at depth and along strike.
Additional holes, including intercepts of 1,254.8 g/t AgEq and 381.4 g/t AgEq over 1.5 metres in separate areas, have expanded known zones down-dip and up-dip toward surface, while widely spaced drilling continues to return intervals above 100 g/t AgEq. With a second drill rig now on site and final assays pending from 24 holes, Capitan is increasing its exploration pace, which could enhance the scale and confidence of the Cruz de Plata resource potential for investors and project stakeholders.
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 TSE:CAPT Stock
According to Spark, TipRanks’ AI Analyst, TSE:CAPT is a Neutral.
The score is primarily weighed down by weak financial performance—no revenue, widening losses, and sharply higher cash burn that increases future funding/dilution risk—partly offset by a debt-free balance sheet and higher equity. Technical indicators are broadly neutral with limited momentum, and valuation is difficult to support given negative earnings and no dividend.
To see Spark’s full report on TSE:CAPT stock, click here.
More about Capitan Silver
Capitan Silver Corp. is a Vancouver-based mineral exploration company focused on advancing its flagship Cruz de Plata silver-gold project in Durango, Mexico. The company is targeting high-grade silver and silver-equivalent mineralization along the 3.7-kilometre Jesus Maria Silver Trend, aiming to define a large-scale precious metals system through step-out and deeper drilling.
Average Trading Volume: 179,136
Technical Sentiment Signal: Buy
Current Market Cap: C$275M
For an in-depth examination of CAPT stock, go to TipRanks’ Overview page.