Mithril Silver and Gold Limited (ASX:MTH) Outstanding Drill Results of 20.5 g/t Gold & 1,833 g/t Silver Over 4.95m
Overview:
Mithril Silver and Gold Limited announces high grade gold and silver drill results for the Target 1 resource expansion programme at its Copalquin District project, Mexico.
Highlights:
- 4.95m @ 20.5 g/t gold, 1,833 g/t silver, from 107m (MTH-ES25-11), including
o 0.55m @ 110 g/t gold, 7,530 g/t silver, from 110m, - 0.56m @ 22.8 g/t gold, 1,425 g/t silver, from 130.49m
- 3.77m @ 1.42 g/t gold, 100.8 g/t silver, from 136.78m, including
o 0.92m @ 4.97 g/t gold, 296.4 g/t silver, from 136.78m - 2.55m @ 9.97 g/t gold, 571.8 g/t silver from 112m, (MTH-ES25-10), including
o 1.00m @ 20.7 g/t gold, 1,130 g/t silver from 113m - 4.85m @ 1.47 g/t gold, 165.3 g/t silver, from 67.2m including
o 0.80m @ 4.49 g/t gold, 308 g/t silver from 68.0m
o 0.55m @ 2.42 g/t gold, 504 g/t silver from 70.0m - 0.25m @ 15.2 g/t gold, 786 g/t silver from 98.25m (MTH-ES25-09),
- 0.30m @ 5.39 g/t gold, 210 g/t silver from 138m
- 0.50m @ 13.25 g/t gold, 584 g/t silver from 89.8m (MTH-ES25-08),
- 7.40m @ 1.59 g/t gold, 64.6 g/t silver from 17.6m, including
o 2.48m @ 3.28 g/t gold, 107.4 g/t silver from 17.6m - 1.75m @ 1.29 g/t gold, 41.4g/t silver from 97.0m
- In February, a further six drill holes have been completed at La Soledad, with drilling ongoing expanding the footprint and structural knowledge in this silver and gold rich NW trending structure. Considerable strike and depth potential exists in this area.
- Addition of a second drill is on schedule with the municipal access road upgrade for completion late March, allowing 35,000m of core drilling in the district throughout 2025 and advancing the next two target areas while developing the large district scale geologic model
Company Notes:
John Skeet, Mithril’s Managing Director and CEO commented:
“Drilling at La Soledad in the Target 1 area has continued to produce exceptional results for this silver and gold rich multi-level historic mine area. The La Soledad structure is open at depth and to the north-west with the opportunity to locate additional ‘ore shoots’ along strike. The drill program is expanded in the La Soledad area with several additional holes to complete before moving the drill to Refugio West in the Target 1 resource area. Drilling in the Target 1 area will continue until the end of March 2025, the anticipated cut-off date for the resource update drilling. The second drill is scheduled to be on site and commence drilling early April, at the Target 2 area. Progress is on track to complete 35,000 metres of drilling this year, aiming to considerably expand the resource footprint and define the 10 km wide, extensive epithermal silver-gold system in our 70km2 district.”
Full ASX Announcement: Mithril Silver and Gold ASX Announcement