Centenario Gold Begins Initial Drill Program on Los Reyes Project
News related to:Centenario Gold Corp · 4 min read
Gold Skarn System September 29th, 2026, TheNewswire - Vancouver, B.C. - Centenario Gold Corp. (CSE: CTG), a mineral exploration company incorporated in British Columbia and headquartered in Vancouver, Canada, is pleased to announce that the drill program on the Company’s Los Reyes Project is now underway. The Los Reyes Project is a highly prospective copper and gold asset located near the city of Chihuahua, Mexico.
The Los Reyes project sits along a N-NW regional mineralized corridor that hosts some of the most important historical mines in the state of Chihuahua, including the old mines such as Santa Eulalia (Grupo Mexico/IMMSA) and Naica (Penoles), skarn type mineral deposits that have the same geological setting and similar style of mineralization found at Los Reyes (see Figure 1. Location map of the Los Reyes Project below).
This drill program is a follow-up to the first phase exploration work that included mapping and sampling of the old mine dumps and underground workings over Los Reyes’s ‘El Rey’ concession. The exploration work was completed in May of this year (see News Release dated June 10th, 2026).
Figure 1. Location map of the Los Reyes Project, Chihuahua State, Mexico
These exploration results, from surface and underground mapping and sampling, have enabled the Company to better understand the orientation, extent, and controls of the mineralized system at Los Reyes, facilitating the fine-tuning of the location, orientation, and depth of the proposed drill holes.
This initial drilling program, which consists of 5 to 6 holes between 200 meters and 500 meters in depth, totaling approximately 1,500 meters, will focus on testing the >100m depth extensions of the high-grade Cu-Zn-Ag skarn zone that ASARCO previously mined at the Jibosa Shaft and the Tueda Shaft zones (see Figure 2. Location of rock samples and proposed drill holes at Los Reyes Project below). These drill targets are located along the N-S trending mineralized skarn zone that has been recognized on the El Rey claim block.
The underground rock sampling at the Jibosa Shaft zone, located 200 meters south of the Tueda shaft zone, returned significant copper values, up to 27.9% Cu, a 1.3 meter wide, high-grade sample taken across a fracture zone, 20 meters underground (see News Release dated June 10th, 2026). The Jibosa Shaft target appears to be the upper/outer portion of a semi-vertical Cu-rich skarn zone potentially extending to significant depth (see Figure 3. Schematic section map of the Los Reyes Project). The ongoing drilling program is especially designed to test this extension.
Based on the extent of the mine workings and the underground rock samples results obtained from the Tueda Shaft Zone, which contains anomalous Au and significant Mo values up to 2.1% (see News Release dated June 10th, 2026), it is our understanding that the mineralized system at the Tueda Shaft zone, although a bit different than the one seen at the Jibosa Shaft zone, is lower down in the system (see Figure 3. Schematic Section map of the Los Reyes Project). The ongoing drilling program is also designed to test this extension further at depth.
Figure 2. Location of rock samples and proposed drill holes at Los Reyes Project
Figure 3. Schematic section map of the Los Reyes Project
Qualified Person: Derrick Strickland is an independent Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical disclosure contained in this release. The mineralization on adjacent Projects may not be indicative of the mineralization on the Los Reyes Project.
Centenario Gold Corp. is a mineral exploration company focused on the acquisition, exploration, and development of high-potential mineral projects in the Americas, with a primary emphasis on gold, copper, and silver.
The Company is committed to responsible exploration and development, working closely with local communities and stakeholders. Centenario’s management team brings extensive experience in mineral exploration, project development, and capital markets.
Centenario Gold Corp. is listed on the Canadian Securities Exchange (“CSE”) and continues to evaluate new opportunities to expand its portfolio in both Mexico and Canada and deliver value to shareholders.
On behalf of the Board of Directors, Doug Fulcher
Neither the CSE nor the Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this news release.
Caution Regarding Forward Looking Statements: Certain information included in this press release constitute "forward-looking statements". Such forward-looking statements include, without limitation, statements regarding the Offering and the anticipated use of proceeds thereof. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements.