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Mithril Silver and Gold Limited (ASX:MTH)

ALERT: Price-sensitive ASX Announcement for MTH
Current share price for MTH : $0.240 -0.215 (-47.25%)+
Announcement
Release
22 Dec 2025 9:18AM
Price at Release
$0.455
Full Release
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Summary
Mithril Silver and Gold Limited is advancing its exploration efforts at the Copalquin District in Durango State, Mexico, with the mobilization of a third drill rig set for early January 2026. Drilling at Target 3 will focus on a significant area with historic mining activities, and the company aims to expand known mineralized zones across multiple targets. Despite facing delays in assay results, Mithril plans an aggressive exploration program for 2026, with 25,000 meters of drilling and extensive geophysical surveys. The Copalquin District is recognized as a significant epithermal gold-silver system, with Mithril working towards a potential full acquisition of the mining concessions by 2028.
Key Points
  • Mithril Silver & Gold Limited expands exploration at Copalquin District.
  • Mobilization of a third drill rig planned for early January 2026.
  • Target 3 drilling to include 3,300 meters near El Jabali historic workings.
  • Target 1 and Target 5 continue to show promising results.
  • Significant assay delays at external laboratories impacting result reports.
  • 2026 exploration includes 25,000 meters of drilling and geophysical surveys.
  • The Copalquin District is identified as a major epithermal center for gold and silver.
  • Mithril has an option to purchase 100% interest in Copalquin concessions by 2028.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.