Mithril Silver and Gold's latest drilling results

Mithril Silver and Gold Limited (ASX:MTH) has announced the results from drilling at its Copalquin District project in Mexico. The drilling at the Target 1 area (El Refugio) has yielded a globally significant drill intercept, with hole CDH-159 returning high-grade gold and silver results.

Executive commentary on drilling results

Hole CDH-159 is a globally significant >1,000 g/t AuEq1 X metre drill hole at the maiden resource Target 1 area where we aim to 2X the resource in Q1 2025. The intercept includes a zone of lower grade material from surface plus a very high-grade zone from 16 metres down hole, including the typical bonanza gold and silver grades that are a hallmark of this important mining district. With the exceptional drill results combined with our recent LiDAR survey, district access road upgrade works and development of the district geologic model, Copalquin continues to progress as another significant gold-silver district in Mexico's prolific Sierra Madre Trend.

Summary of the drilling results and outlook

Mithril Silver and Gold's drilling at the Copalquin District project in Mexico has delivered a globally significant drill intercept, indicating the potential for a substantial increase in the resource at the Target 1 area. The company aims to double the resource in Q1 2025 and continues to make progress in developing the Copalquin District as a significant gold-silver district in Mexico's Sierra Madre Trend. With extensive historic underground mines and workings, the district presents considerable potential for gold and silver mineralization. Mithril's commitment to supporting local communities and its exploration efforts demonstrate its dedication to responsible and sustainable mining practices.