Centenario Gold Corp. (TSXV: CTG) announced the initiation of the first phase work program at the Los Reyes Project, a copper and gold exploration asset near Chihuahua, Mexico. The initial phase includes detailed mapping and sampling of old underground mine workings along a 1 km north-south trending contact zone. These workings date back to the early 1900s and have never been systematically sampled.
Following the underground program, Centenario will proceed with a 1,500-meter diamond drilling program designed to test depth extensions of a high-grade Cu-Zn-Ag skarn zone previously mined by ASARCO. The company has submitted an environmental study report and expects permits by late April 2026, with drilling to commence immediately thereafter.
The Los Reyes property is a Cu-Zn-Au skarn (CRD) project located 170 km south-southeast of Chihuahua. It covers an area of historical mining centered along the western contact of a 2 km diameter granodiorite intrusive body. Historical mining dates to the early 1700s, and in the late 1800s, ASARCO mined approximately 200,000 tons of high-grade Cu-Zn-Ag material at the Jibosa workings.
Recent exploration by Valterra Resource Corporation in 2019 along an 800-meter strike reported surface samples with an average copper grade of 3.1%, with 22 of 28 samples exceeding 1% Cu. Anomalous samples also contained up to 0.57 g/t Au, 25.3 g/t Ag, 0.47% Mo, and 1.7% Zn. The exploration target spans over 100 meters in width with multiple zones of copper-enriched mineralization.
Derrick Strickland, an independent Qualified Person under National Instrument 43-101, has reviewed and approved the technical disclosure. The company cautions that mineralization on adjacent properties is not necessarily indicative of mineralization on the Los Reyes property.
Centenario Gold Corp. is a mineral exploration company focused on gold, copper, and silver projects in the Americas. The company is listed on the TSX Venture Exchange and continues to evaluate opportunities to expand its portfolio. Further information is available at www.centenariogold.com.
