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Mithril Resources Ltd ( (AU:MTH) ) has provided an update.
Mithril Silver and Gold Limited has commenced a 3,300-metre maiden drill programme at Target 3 within its Copalquin gold-silver district in Mexico, following high-grade channel sampling at the historic El Jabali workings. The campaign, part of 25,000 metres of drilling planned for the first half of 2026, aims to test the continuity and scale of mineralisation across what the company views as a large, highly prospective epithermal system, while drilling at Targets 1 and 5 continues and a drone magnetic survey over Copalquin and La Dura is set to begin, underscoring an intensified, district-scale exploration push that could shape future resource estimates and project development.
The most recent analyst rating on (AU:MTH) stock is a Hold with a A$0.56 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 its Copalquin District gold-silver project in Durango State, Mexico, where it is systematically testing multiple targets within a broader epithermal system.
Average Trading Volume: 603,292
Technical Sentiment Signal: Hold
Current Market Cap: A$107M
See more data about MTH stock on TipRanks’ Stock Analysis page.