Centenario Gold Corp. (CSE: CTG) has announced the start of its maiden drill program at the Los Reyes Project, a copper, molybdenum, and gold skarn system located near Chihuahua, Mexico. The program follows phase-one exploration work completed earlier this year and targets depth extensions of high-grade mineralisation previously mined by ASARCO. Investors may be watching results closely given the project's proximity to historically significant mines in the state of Chihuahua.

Key Points

  • Centenario Gold Corp. (CSE: CTG), a Vancouver-based mineral exploration company
  • Maiden drill program at the Los Reyes Project in Chihuahua, Mexico is now underway
  • Program comprises 5 to 6 holes ranging from 200 to 500 metres in depth, totalling approximately 1,500 metres
  • Investors will be watching for assay results from the Jibosa and Tueda Shaft zone drill targets

Los Reyes Project Geology and Regional Significance

The Los Reyes Project sits along a north-northwest regional mineralised corridor in Chihuahua State, Mexico, hosting the same geological setting as historically significant skarn deposits including Santa Eulalia and Naica. The release states that phase-one exploration work, encompassing surface and underground mapping and sampling across the El Rey concession, was completed in May of this year. Those results helped the company refine the location, orientation, and depth of its proposed drill holes, providing the geological foundation for the current program.

Drill Program Scope and Target Zones at Jibosa and Tueda Shafts

The initial drill program consists of 5 to 6 holes ranging from 200 to 500 metres in depth and totalling approximately 1,500 metres. The primary targets are depth extensions below the Jibosa Shaft and Tueda Shaft zones, both situated along a north-south trending mineralised skarn zone on the El Rey claim block. Underground rock sampling at the Jibosa Shaft zone previously returned copper values of up to 27.9% Cu from a 1.3-metre-wide sample taken 20 metres underground, as disclosed in the company's June 10, 2026 release.

Molybdenum and Gold Potential at the Tueda Shaft Zone

The Tueda Shaft zone, located 200 metres north of the Jibosa Shaft zone, is described as representing a deeper portion of the mineralised system and has returned anomalous gold values alongside significant molybdenum values of up to 2.1% Mo, as previously reported. The company states the current drilling program is specifically designed to test further depth extensions at both zones. Technical disclosure in the announcement was reviewed and approved by independent Qualified Person Derrick Strickland under National Instrument 43-101.

Share Price and Investor Outlook for CTG

The immediate share price impact was not clear from available public information. The announcement marks a material operational milestone for CTG, transitioning the Los Reyes asset from surface exploration into active drilling. Centenario Gold is listed on the Canadian Securities Exchange and describes its strategy as focused on the acquisition, exploration, and development of high-potential mineral projects across the Americas, with emphasis on gold, copper, and silver.