Mithril Silver and Gold Limited (ASX:MTH) Reports Positive Drilling Results
Target 1 Drilling Success
Mithril Silver and Gold Limited (ASX:MTH) has reported significant drilling results from its Target 1 expansion programme at the Copalquin District project in Mexico. Assays reveal intercepts of up to 438 g/t silver and 7.88 g/t gold, highlighting the ongoing potential of the area ahead of their resource update.
Key results from late 2024 drilling include:
– 7.37m @ 4.16 g/t gold, 69.5 g/t silver from 42m (MTH-EC24-01)
– 13.90m @ 0.71 g/t gold, 34.6 g/t silver from 1.50m (MTH-EC24-04)
– 7.10m @ 1.87 g/t gold, 91.6 g/t silver from 163.9m
The recent findings support the company’s interpretations and are expected to enhance the resource update planned for the Target 1 area.
Future Outlook
Mithril’s Managing Director and CEO, John Skeet, stated, “2025 is a pivotal year for the Copalquin District with our Target 1 resource update and a fully funded exploration programme. This includes 35,000m of drilling, exciting target areas, and extensive field work.” This exploration ambition is supported by the addition of a second drill rig set to operate in the district.
The company’s ongoing works in the Copalquin District, which features numerous historic mines and extensive mineralisation potential, aim to solidify its position in Mexico’s Sierra Madre Gold-Silver Trend. Mithril aims to establish the Copalquin district as a world-class gold-silver mining hub.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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