Centenario Gold Corp. (TSXV: CTG) has announced the initiation of the first phase work program at its Los Reyes Project, a copper and gold exploration asset located near Chihuahua, Mexico. The initial phase includes detailed mapping and sampling of historical 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, providing a unique opportunity to assess the mineral potential.
Following the underground program, the company plans to commence a 1500-meter diamond drilling program, the second phase of work. The drilling is designed to test depth extensions beyond 100 meters of a high-grade Cu-Zn-Ag skarn zone previously mined by ASARCO, a major historic US mining company. Centenario has submitted an environmental study report and expects to receive permits by late April 2026, with drilling to start immediately thereafter.
The Los Reyes property covers an important area of historical mining along the western contact of a 2 km diameter granodiorite intrusive body. Mining activities date back to the early 1700s, and in the late 1800s, ASARCO extracted approximately 200,000 tons of high-grade Cu-Zn-Ag material from the Jibosa mine working. The most recent exploration work was completed by Valterra Resource Corporation in 2019, which conducted surface sampling along an 800-meter strike covering the Cu-Au skarn zone. Results reported on December 2, 2019, showed 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.
Derrick Strickland, an independent Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical disclosure in this release. The company cautions that the qualified person has not verified information on adjacent properties, and mineralization on similar properties is not necessarily indicative of the property's potential.
Centenario Gold Corp. is a mineral exploration company focused on high-potential projects in the Americas, emphasizing gold, copper, and silver. The company is listed on the TSX Venture Exchange and is committed to responsible exploration, working with local communities. Further information is available on their website at www.centenariogold.com.
