“The past year of exploration diamond drilling, underground diamond drilling, definition diamond drilling, and finally surface mapping and sampling, has been not only aggressive but has resulted in over 6,900 samples collected and analyzed. This massive input of data has led our streamlined analytical team to new important understandings of the structural and mineralization controls on the western sector of the property where approximately 80% of our efforts over the past year were focused.”

These results suggest that the Candy vein structure hosts consistently high-grade gold and silver mineralization over appreciable widths, which is open along strike and to depth for expansion.

“The original environmental application for Mezquite and recent report delivered for Diamante attest to their high-quality technical expertise and we anticipate approval of SEMARNAT permits without delay in March 2022,” said Mr. Davison. “The Company now will forge ahead with logistics planning and contractor selections for trenching to be followed by drilling.”

“Our drill program at Margarita has been a huge success with every drill hole returning high-grade values over significant widths. The drilling has exceeded our expectations, it now appears the system is wider, higher grade and closer to surface than what we thought going into the campaign. We look forward to producing our maiden resource later this quarter and PEA shortly thereafter”

Capitan Mining Inc. is pleased to report continued exploration results from its 100% owned Jesús María Silver Zone, at the Cruz de Plata Project (formerly referred to as the Peñoles Project), Durango, Mexico.