Mithril bolsters Copalquin push with new exploration chief

Mithril Resources Ltd ( (AU:MTH) ) has shared an update.

Mithril Silver and Gold Limited has appointed geologist James Barr as Vice President, Exploration, bringing more than two decades of international mineral exploration and mine development experience, particularly in Mexico’s epithermal gold-silver systems. Barr previously held senior roles at SilverCrest Metals, where he helped expand the Las Chispas Mine and supported the technical work that underpinned its US$1.7 billion acquisition by Coeur Mining, strengthening his credentials in taking high-grade projects from discovery through production.

Mithril’s management said Barr’s expertise in high-grade epithermal systems closely aligned with its Copalquin Gold-Silver District will support the company as it scales drilling and regional target development at the Mexican project. To align incentives, Mithril has granted Barr 800,000 stock options with a significant premium to the recent ASX share price, underscoring confidence in the company’s exploration upside and bolstering its technical leadership as it advances Copalquin’s resource potential.

The most recent analyst rating on (AU:MTH) stock is a Hold with a A$0.39 price target. To see the full list of analyst forecasts on Mithril Resources Ltd stock, see the AU:MTH Stock Forecast page.

More about Mithril Resources Ltd

Mithril Silver and Gold Limited is a mineral exploration company focused on high-grade gold and silver projects, with a core focus on the Copalquin Gold-Silver District in Durango, Mexico. The company is advancing exploration and drilling across this historic epithermal mining district within Mexico’s prolific Sierra Madre Gold-Silver Trend, targeting multiple deposits backed by a maiden JORC resource estimate at its first target area.

Average Trading Volume: 895,091

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$67.44M

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