Cruz de Plata
Corporate Presentation
Capitan Silver is defining a new and exciting high-grade silver system at its Cruz de Plata project, located in the heart of Mexico’s primary silver belt.
With a cumulative +21 km of mineralized veins already identified at surface, the Cruz de Plata project offers the potential for significant scale.
Demand for silver is accelerating, driven by its critical role in EVs, electrification, AI, and defense applications, while also being formally recognized as a critical metal
The industry has failed to replace resources and reserves for over 20 years, with most new supply coming as a byproduct rather than from primary silver mines
High-grade, large-scale primary silver deposits are exceptionally rare, positioning Cruz de Plata as a highly valuable asset
Mexico is the world’s largest silver producer, with the majority of output coming from a prolific belt through Chihuahua, Durango, and Zacatecas
Cruz de Plata is located in Durango, one of the safest and most mining-friendly states in the country
The project benefits from strong infrastructure, including road access and hydro power
Cruz de Plata is an intermediate sulphidation epithermal system, a highly sought-after deposit type among major silver producers
When successful, they have historically delivered long-term, large-scale value
These systems are known for strong vertical continuity and deep mineralized roots
Cruz de Plata hosts over 21 km of mapped high-grade silver veins at surface
Drilling at Jesús María has confirmed over 2.5 km of mineralized continuity
The system also includes the adjacent Capitan Hill Oxide Gold Deposit with a 525,000 oz gold inferred resource, reinforcing district-scale potential
Drilling has consistently returned high-grade silver intercepts across multiple zones at Cruz de Plata
Results demonstrate strong grade continuity within broader mineralized envelopes. This highlights the project’s potential for both grade and scale
Capitan Silver maintains a tight share structure through disciplined capital allocation and minimal dilution
Its top three shareholders own just under 40% of the Company, reflecting strong long-term alignment
Capitan has no warrants and is structured to be royalty-free, maximizing shareholder exposure
The Company is led by an experienced management team with a strong track record of delivering results in Mexico
Capitan’s management team has successfully advanced three projects from exploration into production. Each was delivered on time and on budget
Two of the mining projects developed and operated by our team are located just 90 minutes from the Cruz de Plata project
A 60,000-metre, multi-rig drill program is currently underway at Cruz de Plata, which is expected to drive near-term news flow
Demand for silver is growing exponentially.
Silver is a critical metal – vital for EVs, electrification, tech, AI, and defense applications. The silver industry has not been able to replace Resources in decades, with most new production coming as a byproduct of other mines.
New Silver Exploration Company
A historic high-grade silver district that launched Peñoles is being modernized and advanced for the first time since the Mexican Revolution.
Advanced Exploration in Durango
A large near-surface epithermal system with 3 km (+7 km) of silver veins and multiple high-grade targets.
Experienced Management Team and Board
A proven team with C$1B in value created, five gold projects advanced, and three mines built on time and on budget.
Tight Share Structure
One of the tightest structures in Mexico, with less than one-third of peer shares and over 70% held tightly.
Recent News
Investor Snapshot
