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Mithril Resources Ltd ( (AU:MTH) ) has shared an announcement.
Mithril Silver and Gold reported strong drilling results at its Copalquin project in Mexico, including a standout intercept of 7.00 g/t gold and 370 g/t silver over 9.65 metres at Target 1, with higher-grade sub-intervals confirming thick, continuous mineralisation. The latest holes at El Refugio and La Soledad both extend mineralised trends and validate the existing geological model, supporting an upgrade of the Target 1 mineral resource planned for late June 2026.
The company is executing an aggressive 2026 exploration program of up to 25,000 metres of drilling across the Copalquin district to expand known zones and test new high-priority targets. Additional work, including LiDAR and aerial magnetic surveys, is advancing broader district and nearby La Dura property targets, reinforcing Mithril’s strategy to build a larger, high-grade gold-silver resource base and potentially improve its long-term production and development options.
More about Mithril Resources Ltd
Mithril Silver and Gold Limited is an exploration company focused on gold and silver projects, primarily advancing its district-scale Copalquin property in Durango State, Mexico. The company targets high-grade epithermal systems and is pursuing resource growth through aggressive drilling and systematic mapping, sampling, and geophysical surveys across multiple historic mining areas.
Average Trading Volume: 426,755
Technical Sentiment Signal: Sell
Current Market Cap: A$59.04M
See more data about MTH stock on TipRanks’ Stock Analysis page.