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Mithril Resources Ltd ( (AU:MTH) ) has issued an update.
Mithril Silver and Gold reported continued exploration success in the December 2025 quarter at its Copalquin project in Mexico, confirming a large, vertically extensive epithermal gold-silver system with mineralisation mapped over a 9 km strike and 1,200 m vertical extent. Drilling at Target 1 (Refugio–La Soledad) has extended the resource area’s strike by more than 30%, with high-grade gold and silver intercepts underpinning a planned maiden resource update in the second quarter following a 3,000 metre infill drill program, while the zone remains open at depth and along strike. At the newly drilled Target 5 (Apomal–Candelaria), maiden holes intersected high-grade, silver-dominant veins hosted in granodiorite, supported by very high-grade surface and channel samples, indicating substantial upside across a large, under-tested target area. A maiden drill program has also begun at Target 3 (El Jabali–Guadelupe) after encouraging channel sampling, and an integrated district geological model now outlines a dominant east–west mineralised corridor with multiple feeder structures and vertically zoned silver-to-gold mineralisation. The commencement of an aerial magnetic survey is expected to further refine key structural controls, supporting Mithril’s positioning of Copalquin as a district-scale Mexican epithermal system with potential for multiple high-grade centres, which could enhance the project’s long-term development prospects and strategic value for stakeholders.
The most recent analyst rating on (AU:MTH) stock is a Hold with a A$0.59 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 advancing gold and silver projects in Mexico, particularly within the Copalquin and La Dura properties in Durango State. The company is targeting large, district-scale epithermal systems along the Sierra Madre Gold-Silver trend, seeking to define and grow high-grade resources across multiple structurally controlled targets within its 70 km² concession area.
Average Trading Volume: 665,972
Technical Sentiment Signal: Buy
Current Market Cap: A$108.9M
See more insights into MTH stock on TipRanks’ Stock Analysis page.