Gold Co. Hits Large Copper-Gold-Zinc-Molybdenum Skarn, More to Come

1. Centenario Gold Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. 
2. As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Centenario Gold Corp. 
3. Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. 
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1. Disclosure for the quote from the Stewart Thomson article published on May 12, 2026

1. For the quoted article (published on May 12, 2026), Centenario Gold Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$3,500.
2. Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts.  The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.

2. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

Centenario Gold Corp. (CTG:TSX.V) announced assay results from surface and underground rock samples at its Los Reyes project on July 13, 2026. Centenario Gold Corp. completed the mapping and sampling of old mine dumps and underground workings at the El Rey mineral concession. Historically, copper-rich skarn zones have been mined along the intrusive-limestone contact zone. The samples were taken from two major old mining areas roughly 200 meters apart: the Tueda shaft zone and the Jibosa shaft zone.

All samples, minus two, were channel-cut samples from across rock outcrops. In total, 58 samples were taken from surface rock outcrops, waste dumps and pits, and underground workings. Centenario reported seven samples from surface outcrops, 11 samples from waste dumps and shallow pits located near the Tueda shaft, and 40 samples collectively taken from underground at the Tueda and Jibosa old mines.

Historically, Jibosa has hosted copper-rich zones that have been known to reach up to 30 meters in width and 100 meters in length, sometimes extending hundreds of meters down and laterally along the intrusive-sediment contact. Sample no. 417995, taken from a stockpile of rock material that appeared to represent the standard 'mine feed' that was mined out of Jibosa 100 years ago, has returned grades of 7.19% copper and 2.88% zinc. Separately, sample no. 417968, which returned a copper grade of 27.9%, came from a 0.6-meter-wide fracture filling zone located along one of the underground tunnels 20 meters below the surface.

The Tueda shaft samples have returned significant samples of molybdenum and gold, suggesting that gold is present and possibly widely distributed in the Los Reyes mineralized system. It is the company’s intention to drill test this target in the upcoming drilling program in order to see how the gold and molybdenum mineralization increases both laterally and at depth.

Centenario Gold Corp. is a Canadian mineral exploration company focused on assets in both Canada and Mexico. As a company, Centenario Gold Corp. works to be committed to sustainable exploration by working with local governments and communities and has an experienced development team.

Precious Metals Sector Holding Steady

Junior miners and exploration companies hit the ground running this year after gold rallied at a high of US$5,500 per ounce in January. Many companies, like Centenario Gold Corp., chose to begin exploration or production amid these highs. While prices have since fallen, and even dipped below US$4,000 in June, rates are still up 24% compared to July 2025, and Gold.org wrote that: "[T]he stage is set for a possible breakout. On the upside, clear catalysts – a worsening economy or renewed geopolitical shock, a shift towards lower interest-rate expectations, or a wave of dip buying — could reignite gold’s momentum and lift it back towards US$4,500/oz or above."

Gold prices recovered from a dip on July 8, 2026, to US$4,126.10 per ounce on July 9, 2026. Inflationary fears were reignited after Brent crude oil prices rose again after a several-week ceasefire between the two countries lost its stability, but gold rebounded when U.S. home sale prices dropped 2.4%, signaling hope for a healthier economy.

In April, S&P Global wrote, "Gold is expected to remain volatile but structurally supported, with central bank demand and geopolitical risk helping to establish a price floor above recent correction lows."

Despite the volatility of gold, the sector as a whole is only showing signs of improvement. On May 7, 2026, Brian Taylor of Recycling Today said that the World Bank Group has predicted that overall global metals prices will rise by 17% in 2026, which would mark the first overall market increase since 2022.

Almost immune to market uncertainty, copper prices are continuing to boom due to industrial demand and the rise of AI data centers. On May 12, 2026, Piyush Shukla of The Economic Times wrote that, "Copper prices are soaring aggressively in 2026 as copper futures smash record highs above US$14,000 per ton. The rally is no longer only about manufacturing demand. AI data center construction is now driving a massive global copper rush. China's factory recovery, Middle East sulfuric acid shortages, and tightening mine supply are deepening the global copper crunch." So far, copper prices have risen more than 10% since the start of the year, and over 40% since the beginning of 2025.

Demand for copper is expected to rise due to continued use in electronics, especially with the widespread construction of new data centers and defense needs America is experiencing. A report from Businessworld claimed that "global copper demand is gradually shifting towards strategic and less price-sensitive sectors such as AI infrastructure, defense, power grids, and clean energy systems. By 2040, these categories are expected to account for nearly 45% of total copper demand, up from 32% in 2024."

Copper has experienced some volatility this year. While a bull market for traders, physical products are trending toward a bear market due to potential tariffs. Last year, the looming potential of President Donald Trump's tariffs surged copper prices in the U.S. as American investors stockpiled the metal.

This hype created an overstocking of copper, widening the gap between futures and physical worth. "Collectively, inventories at the world's main exchanges have risen by more than 500,000 tons since the start of the year," stated a March 6 article by Bloomberg News. The imagined certainty of inaccessible copper due to tariffs evaporated, however, when premiums for U.S. copper futures disappeared, and the tariffs did not materialize. Trump may choose to impose tariffs next year, but analysts and investors are skeptical since his administration chose to forego them in January 2026.

Copper futures rested at US$6.20 per pound on July 8, 2026. Industry data showed that global shipments of copper concentrate have risen since April, pointing to ample raw material availability." Still, copper prices are unlikely to fall dramatically, even if a resolution is found. China's output fell by 3% in April 2026, and tariff expenses are keeping the stock price high.

Centenario Earns a "Speculative Buy" and Higher Price Target 

¹Analyst Stewart Thomson reviewed Centenario before this news was released. On May 12, 2026, Thomson wrote: " A possible uptrend is now in play. Short-term moving averages show a bullish cross to begin the year. Volume is becoming significant. OBV (on balance volume) shows trend-level strength."

At the time of writing, Thomson gave the company a "Speculative Buy" rating, with a short-term price target of CA$0.60 and a medium-term price target of CA$1.30.

Drill Testing to Further Exploration

Further sampling will continue, and results will be made available as they are returned. According to the company presentation, Centenario's goal is to continue drill testing and trenching in four untested EM anomalies and to complete near-surface step-out drilling to the north of the Cabot prospect for the development of a Phase 1 pit constrained resource shape.

Ownership & Share Information²

Centenario Gold Corp. has a market cap of CA$2.13 million, with 19.33 million shares outstanding. The company's 52-week range is CA$0.10-CA$0.47. Management & Insiders own 5.69% of shares, while 94.31% of shares are held by Retail.