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Mithril Resources Ltd ( (AU:MTH) ) has issued an announcement.
Mithril Silver and Gold used its Ignite Investment Summit presentation to highlight continuing exploration success at the Copalquin gold-silver district in Mexico, where drilling, channel sampling, LIDAR studies and metallurgical work have outlined a large, high-grade epithermal system. The company has reported a maiden JORC resource of 529,000 ounces at 6.81 g/t gold equivalent and a series of strong drill and sampling results across several targets, underpinned by recent capital raisings and dual listings that leave it fully funded to accelerate exploration.
Recent ASX announcements point to expanding mineralised trends, new high-grade discoveries at multiple targets and strong recoveries for both gold and silver, suggesting potential for resource growth and future project development. The breadth of historic and ongoing work, together with additional property acquisitions in the district, positions Mithril to build scale in one of Mexico’s key gold-silver belts and may enhance its strategic appeal to investors seeking leveraged exposure to high-grade precious metals exploration.
More about Mithril Resources Ltd
Mithril Silver and Gold Limited, trading as Mithril Resources on the TSXV, ASX and OTCQB, is a mineral exploration company focused on high-grade gold and silver projects in Mexico’s Sierra Madre trend. Its flagship Copalquin district hosts an epithermal gold-silver system, where the company is defining resources and advancing multiple drill targets to expand its precious metals inventory.
Average Trading Volume: 787,163
Technical Sentiment Signal: Sell
Current Market Cap: A$72.07M
For an in-depth examination of MTH stock, go to TipRanks’ Overview page.