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Mithril Resources Ltd ( (AU:MTH) ) has provided an announcement.
Mithril Silver and Gold Limited reported ongoing exploration progress across multiple targets at its Copalquin silver-gold project in Mexico, highlighting a maiden drill program at Target 5 that has confirmed a large, silver-rich mineralised system over a 9.6 km² area with several high-grade intercepts. Phase IV drilling has started at Target 1 to extend and upgrade the existing resource, maiden drilling has commenced at Target 3, and district-wide aerial magnetic, LiDAR and mapping programs are feeding into an aggressive 2026 plan for up to 25,000 metres of drilling, underscoring the scale and growth potential of the Copalquin and La Dura concessions.
The company’s 2026 exploration strategy focuses on progressing Target 1 toward potential development, advancing Targets 3 and 5 toward additional resources and testing district-scale structural “feeder” targets, supported by new geophysical and geological datasets. With more than 100 historic workings, extensive alteration zones and encouraging drill results, the campaign positions Mithril to significantly expand its resource base and strengthen its standing in the silver-gold exploration space, with implications for future project development and potential value creation for stakeholders.
The most recent analyst rating on (AU:MTH) stock is a Hold with a A$0.36 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 a district-scale land position at the Copalquin project in Durango State, Mexico. The company targets epithermal silver-gold systems and is expanding its footprint with nearby brownfield properties such as La Dura, aiming to build a multi-target resource base across the region.
Average Trading Volume: 828,958
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$63.75M
See more data about MTH stock on TipRanks’ Stock Analysis page.