Mithril Extends High-Grade Gold-Silver Mineralisation at Copalquin’s Target 1

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

Mithril Silver and Gold has reported high-grade gold and silver intercepts from ongoing drilling at Target 1 within its Copalquin project in Mexico, including shallow, high-grade zones that will feed into an upcoming mineral resource estimate update. Step-out drilling on the western side of Target 1 has identified a broad anomalous silver zone and extensive hydrothermal alteration that extends the district’s east–west mineralised structure by 300 metres, suggests a major feeder conduit, and confirms a 300-metre down-dip extension of the Refugio 1 structure, collectively reinforcing the vertical and lateral continuity of the system. These results, together with an aggressive 25,000-metre drilling program planned for the first half of 2026 and parallel work at the newly added La Dura property, signal meaningful potential to expand resources, strengthen the Copalquin district-scale model, and enhance Mithril’s future project development options in a prolific historic mining region.

The most recent analyst rating on (AU:MTH) stock is a Hold with a A$0.58 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 precious metals exploration company focused on gold and silver, with its flagship district-scale Copalquin project in Durango State, Mexico. The company is advancing multiple high-grade epithermal targets across a 70 km² mining concession, supplemented by the nearby 20 km² La Dura property, as it pursues resource growth and district-wide development.

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Technical Sentiment Signal: Buy

Current Market Cap: A$104.3M

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