Mithril Silver and Gold Confirms High-Grade Mineralisation Outside Resource Boundary at Copalquin

Why It Matters

Extending high‑grade mineralisation beyond the current resource boosts Mithril’s reserve potential and strengthens its position in the North American precious‑metal sector, attracting investor interest ahead of the upcoming resource update.

Key Takeaways

• High‑grade intercept 9.65 m at 7 g/t Au, 370 g/t Ag discovered
• Mineralisation located ~300 m west of current resource boundary
• 13 holes, 4,383 m drilled to confirm vein continuity
• 25,000 m drill campaign slated for August to expand footprint

Pulse Analysis

The Copalquin property, spanning roughly 70 km² in northern Mexico, is a legacy mining district that hosted over a hundred underground operations between the mid‑19th and early‑20th centuries. Decades of historical work have revealed an extensive epithermal system with a network of conduits that disseminate gold‑silver mineralisation across the concession. This geological backdrop makes Copalquin a prime target for modern, district‑scale exploration, and Mithril’s recent focus on the Target 1 vein complex reflects a strategic effort to capitalize on the area’s untapped potential.

Mithril’s latest drilling campaign delivered compelling results that could materially alter its resource model. Thirteen holes, totalling 4,383 m, intersected continuous vein structures and produced a headline 9.65‑metre interval grading 7 g/t gold and 370 g/t silver, including sub‑intervals exceeding 15 g/t gold. Such high‑grade zones, located roughly 300 m beyond the current resource envelope, suggest that the mineralised system extends further than previously modelled. By confirming vein thickness and continuity, the data de‑risk the geological hypothesis and set the stage for a resource upgrade expected in late June.

Looking ahead, Mithril has outlined an aggressive 25,000‑metre drill‑testing program slated for completion by August, complemented by mapping, sampling, and geophysical analysis. The campaign aims to expand known mineralised zones, test new high‑priority targets, and integrate district‑wide magnetic data to refine the exploration thesis. Successful execution could not only increase the size and grade of the Copalquin resource but also enhance the company’s credibility with investors seeking exposure to high‑potential, low‑cost precious‑metal projects in North America.