Mithril Silver and Gold (ASX:MTH) LiDAR Survey Results

Mithril Silver and Gold Limited (ASX:MTH) has reported a remarkable over 100% increase in historic mine shafts, adits, and prospecting pits following the completion of a LiDAR survey of its Copalquin District property in Durango State, Mexico. The survey covered the Company's entire 70km2 of mining concessions, providing high-resolution aerial photography and a bare-earth digital terrain model (DTM) that revealed extensive geology and structural detail beneath the vegetation. The survey identified two additional 'corridors' of historic workings across the district, bringing the total to four, and showed numerous WNW to NW trends, interpreted vein structures, and faults across the area. The Company also provided an update on the drilling progress and the dual listing application to the Toronto Venture Exchange (TSXV).

Executive Commentary on LiDAR Survey Results

The Managing Director and CEO of Mithril, John Skeet, expressed excitement about the LiDAR survey results, highlighting the significance of the widespread historic mining and prospecting activity in the Copalquin District. He emphasized the exceptional high-grade gold and silver sampling results from the known workings and the potential of the newly identified target areas. Skeet also noted the identification of two further lines of historic workings, indicating the existence of a large epithermal gold-silver system in the district, set to become one of the many multi-million ounce districts in Mexico's Sierra Madre Gold-Silver Trend.

Summary of LiDAR Survey and Outlook

The LiDAR survey conducted by Mithril Silver and Gold (ASX:MTH) over its Copalquin District property in Mexico has revealed a significant increase in historic mines and workings, indicating the presence of a large epithermal gold-silver system. The Company's ambitions include further exploration to extend the mapped strike of mineralized veins, providing additional drilling targets and expanding the resource footprint. With a maiden JORC resource already demonstrating high-grade gold and silver potential, Mithril aims to support communities and develop infrastructure in the district for long-term benefit. The Company's exclusive option to purchase 100% interest in the Copalquin mining concessions further underlines its commitment to the project's development and exploration.