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Mithril Resources Ltd ( (AU:MTH) ) has issued an announcement.
Mithril Silver and Gold reported high-grade and widespread silver-gold intercepts from initial drilling at Target 3 within its Copalquin project in Mexico, confirming extensive epithermal-style mineralisation over a 700-metre strike length and reinforcing the area’s potential for resource growth. Additional drilling at Target 5’s La Maquina vein returned strong silver-gold grades at depth, while upgraded resource drilling at Target 1, expanded mapping, and new geophysical work underpin an aggressive 2026 district-wide program of up to 25,000 metres aimed at expanding known zones and testing new targets.
The company is also advancing exploration across the broader Copalquin concession, where more than 100 historic underground workings and widespread alteration support its district-scale thesis for a large silver-gold system. Complementing this, Mithril is integrating recent LiDAR and magnetic survey data and bringing the nearby La Dura brownfield property, including the historic high-grade La Dura mine and a 1.5 km mineralised corridor, into its pipeline of future drill targets to further enhance its regional growth prospects.
The most recent analyst rating on (AU:MTH) stock is a Hold with a A$0.31 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 silver and gold, with its flagship district-scale Copalquin project in Durango State, Mexico. The company targets epithermal silver-gold systems and is advancing multiple targets within its Copalquin and nearby La Dura concessions to build mineral resources and expand its footprint in a historically mined district.
Average Trading Volume: 812,192
Technical Sentiment Signal: Sell
Current Market Cap: A$64.68M
For a thorough assessment of MTH stock, go to TipRanks’ Stock Analysis page.