This is a very brief summary of what was a lengthy interview. Don’t rely on this summary. Watch the full interview which is linked at the end of this post.
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Time to Read: 4 minutes
Capitan Silver (TSX-V: CAPT) Company Overview
Capitan Silver Corp. (TSX-V: CAPT) is a silver-focused exploration company dedicated to unlocking the potential of the Cruz de Plata project in Mexico. Listed on the TSX Venture Exchange, Capitan Silver has quickly gained attention for its high-grade silver prospects in the historic Pinoles mining district. With a disciplined approach to exploration and development, Capitan Silver aims to position itself as a leading player in the Mexican silver belt, leveraging its experienced team and strategic location to deliver significant value to shareholders.
The recent drilling has confirmed the continuity of the Jesus Maria vein, extending it by 500 meters to the east. We’ve also identified parallel zones to the north that have yet to be tested. It’s becoming clear that this is not just one vein but a system of subparallel veins with multiple pulses of mineralization.
- Alberto Orozco, CEO Capitan Silver
Capitan Silver (TSX-V: CAPT) CEO Interview Summary
Why do you think Capitan Silver is the right company to develop the Cruz de Plata project?
Alberto Orozco: Great question, Antonio. Projects like Cruz de Plata often go through cycles, and timing is everything in this business. My team and I have extensive experience working in Mexico, particularly with Argonaut Gold and Pediment Gold, where we evaluated numerous projects across the country. When we came across Cruz de Plata, it checked all the boxes: scale, grade, potential for development, favorable geography, and good community relations.
This project was previously held by Riverside Resources, a prospect generator. They did some initial work, but the project fell off the radar during a time when the market was focused on mine-site exploration and operational optimization. We saw the potential that others overlooked and decided to spin it out into Capitan Silver.
As for why us? We have a strong track record of successful project development in Mexico, and we’re committed to advancing Cruz de Plata in a disciplined and efficient manner.
How do you view the political situation in Mexico for mining, and does it pose any challenges?
Alberto Orozco: There is definitely some uncertainty, especially from outside of Mexico, but it’s not as dire as it may seem. Mexico has been a major player in the mining industry for a long time, and while there have been some changes in legislation, the environment is still workable. I believe that with the new presidency, we may see a more balanced approach, focusing on science and sustainable development.
We want to do things right—respect the environment, consult with communities, and develop projects responsibly. If companies follow these principles, I believe they can continue to succeed in Mexico.
Let’s talk about the different styles of mineralization at Cruz de Plata. Why do you compare the Jesus Maria vein to projects like Visla Silver’s Napoleon vein?
Alberto Orozco: The comparison to Visla’s Panuco project is about highlighting the opportunity. Visla had a great start with the Napoleon vein, and we see similarities in our Jesus Maria vein. We have high-grade intercepts over a significant strike length, with over 1.3 kilometers already drilled. Visla had a much better market environment, but we have the geology, and we’ve been very disciplined with our approach.
It’s about showing investors that we have a similar opportunity. We have strong geology, a disciplined team, and a strategic approach. We believe there’s a lot of value to be unlocked, similar to what Visla achieved.
Has the recent drilling expanded your understanding of the project’s geological controls and mineralization?
Alberto Orozco: Absolutely. The recent drilling has confirmed the continuity of the Jesus Maria vein, extending it by 500 meters to the east. We’ve also identified parallel zones to the north that have yet to be tested. It’s becoming clear that this is not just one vein but a system of subparallel veins with multiple pulses of mineralization.
We’re seeing a complete system with different temperature and depth elements, indicating significant potential at depth. We have a lot more drilling to do, but the results so far are very encouraging.
Given the complexity of the geology, do you think it will be challenging to replicate Visla’s success from a timeline perspective?
Alberto Orozco: Visla had the advantage of a better market environment, which allowed them to move quickly. We’ve been more conservative and strategic, focusing on consolidating the project and securing key land positions. We’ve done a lot of groundwork to set the stage for future success.
While the geology is complex, which presents both challenges and opportunities, we’ve done a great deal of surface work and targeting to ensure we’re ready when the market turns. We’re prepared to capitalize on the next upswing and demonstrate the true potential of Cruz de Plata.
How do you plan to follow up on the high-grade shoots identified in recent drilling?
Alberto Orozco: Identifying high-grade shoots is always a drilling exercise, and we’re committed to systematically exploring and expanding these zones. The continuity of the Jesus Maria vein is impressive, and we believe there are more high-grade shoots to be discovered.
We may incorporate geophysics to further refine our targets, but ultimately, it’s about putting more holes into the ground and systematically testing these zones. Our focus is on expanding the known mineralization and identifying new targets that could add significant value.
Is there a plan to connect the Santa Teresa and Jesus Maria veins, and what does that look like?
Alberto Orozco: Yes, connecting the Santa Teresa and Jesus Maria veins is a key goal. We’ve already expanded the strike length to 1.3 kilometers, and the surface expression continues for over 2.5 kilometers. Our short-term focus is on expanding this trend and identifying additional high-grade shoots.
At depth, we see significant potential, and we have deep targets that we plan to test in the future. The system has a lot of room to grow, both laterally and vertically, and we’re excited about the opportunities that lie ahead.
What are your plans for drilling and exploration, and when can we expect to see more activity?
Alberto Orozco: Right now, we’re being conservative with our spending, focusing on low-cost surface work and target generation. We’re evaluating geophysics to refine our understanding of the system and identify new targets.
Drilling is in the plans, but we’re waiting for the right market conditions to launch a significant program. We want to ensure we have the resources to drill at scale and unlock the full potential of the project. We’re funded for the year, but drilling will depend on market conditions and our ability to raise capital efficiently.
What is your current cash position, and do you plan to raise additional capital?
Alberto Orozco: We’ve recently raised $2 million, and we’re funded for the year and part of the next. Our focus is on preserving cash and maximizing the value of our existing work. We don’t plan to raise additional capital at the current valuation unless market conditions improve significantly.
What else should we know about Capitan Silver and your plans moving forward?
Alberto Orozco: Capitan Silver is built for the next cycle. We’ve been disciplined with our approach, maintaining a tight share structure and avoiding unnecessary dilution. We’re strategically positioned in a world-class mining district with significant potential for resource expansion.
As the President of the Sonora Mining Cluster, I have a deep understanding of the Mexican mining landscape and the opportunities it presents. We’re committed to advancing Cruz de Plata and demonstrating its full potential to the market.
Capitan Silver (TSX-V: CAPT) Full CEO Interview (VIDEO)
In this interview with Alberto Orozco, CEO of Capitan Silver Corp., we explore the company’s strategic focus on silver exploration in Mexico. Orozco discusses the challenges and opportunities of operating in the Mexican mining landscape, the geological potential of the Cruz de Plata project, and Capitan Silver’s disciplined approach to exploration and development. Key takeaways include the project’s potential for significant resource expansion, the importance of strategic land consolidation, and the company’s readiness to capitalize on future market opportunities.
