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Mithril Resources Ltd ( (AU:MTH) ) has shared an announcement.
Mithril Silver and Gold has completed a LiDAR survey across its 21 km² La Dura gold-silver concession in Durango, Mexico, revealing 18 historic mine shafts, 44 adits, 134 pits, and a 1.5 km by 300 m structural corridor hosting multiple historic workings, including the four-level La Dura mine, now designated a high-priority drill target. The company is integrating these results with recently flown aerial magnetic surveys to refine drill planning at La Dura and its flagship Copalquin District, where an aggressive 2026 campaign of up to 25,000 metres of drilling is under way to update the resource at Target 1, advance a maiden program at Target 3, and systematically test district-scale feeder structures for potential resource growth and future development.
At Copalquin, Phase IV drilling at Target 1 is nearing completion to support an updated resource model that management expects will underpin future district development and highlight exploration upside across multiple targets. Concurrent maiden drilling at Target 3 has intersected mineralised quartz veins at predicted depths, with pending assays and forthcoming magnetic survey interpretations expected to guide expansion of drilling at both Target 3 and additional structural targets within the broader concession area.
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 precious metals exploration company focused on gold and silver projects in Durango State, Mexico. The company’s key assets are the Copalquin District, a large epithermal silver-gold system with numerous historic underground workings, and the nearby La Dura property, a brownfield concession hosting historic high-grade mines and multiple exploration targets.
Average Trading Volume: 881,743
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$65.59M
Learn more about MTH stock on TipRanks’ Stock Analysis page.