Mithril Resources Ltd (AU:MTH) has released an update.
Mithril Resources Ltd has achieved promising results from the initial phase of its 9,000-meter drilling program at the Copalquin Project in Mexico, including a notable intersection of 17.95m at 5.16g/t gold and 78.0 g/t silver. The drilling has identified significant mineralisation, with high-grade intercepts near the historic Copalquin Mine, and the company is on track to potentially double the current underground resource by Q1 2025. These results bolster the prospectivity of the district, which is part of the Sierra Madre Gold-Silver Trend known for its large and high-grade gold-silver deposits.
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