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Capitan Silver ( (TSE:CAPT) ) has provided an update.
Capitan Silver reported new assay results from eight reverse circulation drill holes at its Cruz de Plata project, highlighted by an intercept of 1,130.1 g/t silver equivalent over 1.5 metres within a broader interval of 240.5 g/t silver equivalent over 25.9 metres at the Jesús María trend. Step-out holes 25-ERRC-36 and 25-ERRC-46 extended high-grade mineralization 60 to 90 metres and 50 metres down-dip respectively, confirming continuity between earlier holes and showing that the newly defined high-grade zone remains open at depth and down-plunge. The company also announced a new silver discovery at the Encarnación zone, located southeast of the main Jesús María trend, and noted that a 60,000-metre, multi-rig drill program is underway with additional core rigs being mobilized and 33 holes still pending assays, setting up a steady pipeline of results that could further define the scale of this high-grade silver-gold system.
The most recent analyst rating on (TSE:CAPT) stock is a Buy with a C$3.50 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 constrained by weak financial performance driven by ongoing losses and sharply higher cash burn, despite a debt-free balance sheet. Technical indicators are mixed with near-term softness, and valuation signals are limited due to negative earnings and no dividend yield.
To see Spark’s full report on TSE:CAPT stock, click here.
More about Capitan Silver
Capitan Silver Corp. is a mineral exploration company focused on advancing its Cruz de Plata silver-gold project in Durango, Mexico, targeting high-grade silver and gold mineralization along the Jesús María trend and related structural zones. The company’s strategy centers on systematic drilling to expand known resources, improve continuity and confidence in high-grade zones, and evaluate new discovery targets within the broader mineralized system.
YTD Price Performance: -8.18%
Average Trading Volume: 164,844
Technical Sentiment Signal: Buy
Current Market Cap: C$259.6M
Find detailed analytics on CAPT stock on TipRanks’ Stock Analysis page.