Mithril's exploration progress at Copalquin

Mithril Silver and Gold (ASX:MTH) has provided an update on its drilling activities at the Copalquin Silver-Gold District in Durango State, Mexico. The company is advancing its 9,000-meter drilling program at the El Cometa area within Target 1. Recent results indicate promising high-grade gold and silver mineralization. Mithril is planning an expanded 40,000-meter exploration program in 2025.

Mithril's exploration strategy and outlook

Mithril is actively exploring the Copalquin Silver-Gold District in Mexico, with promising drilling results showing high-grade mineralization. The company has completed 1,500 meters of drilling at El Cometa and plans a significant 40,000-meter exploration program in 2025. Mithril aims to expand its resource footprint and prepare a maiden resource update by Q1 2025. Supported by a A$12.5 million placement, Mithril is well-positioned for exploration success in the prolific Sierra Madre Trend. The company is also committed to community support and sustainable practices in the region.

Executive insights on Copalquin progress

The recent drilling results at El Cometa continue to demonstrate the potential for high-grade silver and gold mineralization across the Copalquin District. We are excited about the ongoing exploration activities and the upcoming maiden resource update by Q1 2025. Our strategic focus remains on expanding the resource base and advancing the district's development.