Centenario Gold Corp. (CSE: CTG) has provided an update on its initial drill program at the Los Reyes copper-gold skarn project in Chihuahua, Mexico, reporting copper oxide intercepts and vertical extensions of mineralization below the Jibosa and Tueda zones. The announcement, distributed via NEWMEDIAWIRE, marks a key step in evaluating a system the company describes as highly prospective for copper, molybdenum and gold.
To date, five holes have been completed for a total of 1,140 meters, with 344 core samples taken and sent to ALS Labs in Chihuahua. No assays have been received yet, and the company said grade and economic potential will not be known until the drilling assays come back. The program is testing a skarn system along the eastern contact between a granodiorite intrusive and Lower Cretaceous limestones and shales.
Hole RYS26-01, drilled between the Jibosa and Tueda shaft zones, hit copper oxides about 75 meters below surface and intersected skarn and hornfels between 125 and 175 meters. The hole was completed at 304 meters on November 10, 2026, after drilling was briefly paused when the bit became stuck in a clay-rich contact zone.
Hole RYS26-02, drilled just below the Jibosa shaft, reached the granodiorite-limestone contact at 75 meters and encountered a strongly oxidized copper zone between 95.7 and 104.2 meters, with abundant hematite and breccia textures. Another quartz-oxide zone was intersected between 109.40 and 111.0 meters. Click here to see Figure 3. Cross-Section, Location and selected Drill Core on hole RYS26-02 at the Los Reyes Project
Hole RYS26-03 tested the northern extension of old mine workings below the Tueda zone and intersected more than 120 meters of pyrite-dominant sulphides with chalcopyrite, plus quartz-pyrite-molybdenite veinlets in hornfels. The company noted breccia intervals between 129.3 and 144.4 meters, 151.5 and 163.7 meters, 168.2 and 176.7 meters, and 185.1 and 204.7 meters containing abundant pyrite with trace chalcopyrite. Click here to see Figure 4. Cross-Section, Location and selected Drill Core on hole RYS26-03 at the Los Reyes Project
Hole RYS26-04 tested lateral continuity 170 meters south of Jibosa and intersected a pyrite-magnetite skarn between 171.0 and 190.6 meters, with deeper alteration changing to chlorite-sericite dominant with fluorite veinlets. Hole RYS26-05, located 200 meters north of Tueda, intersected the contact zone at shallow depths between 47.0 and 61.0 meters; core logging on that hole is ongoing.
The company said the drilling so far points to a large intrusion-related copper-molybdenum system with skarn mineralization along the contact. The project sits about 170 kilometers south of Chihuahua City along Highway 49, with power and rail nearby and support from the local landowner.
For investors, the pending assays represent the key catalyst: until they arrive, the economic significance of the oxide intercepts and the deeper sulphide zones remains unquantified. Centenario has said it will release results once received. Further information is available at www.centenariogold.com. The original release can be viewed at www.newmediawire.com.
