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Mithril Silver and Gold Limited (ASX:MTH)

ALERT: Price-sensitive ASX Announcement for MTH
Current share price for MTH : $0.255 -0.36 (-58.54%)+
Announcement
Release
15 Jan 2026 10:02AM
Price at Release
$0.615
Full Release
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Summary
Mithril Silver and Gold Limited, trading under the ASX symbol MTH, has commenced its maiden drill program at Target 3 in the Copalquin Gold-Silver District in Durango State, Mexico. The program, which includes approximately 3,300 metres of drilling, focuses on testing the continuity and scale of mineralization around historic workings at El Jabali, where high-grade samples of gold and silver have been reported. This initiative is part of a larger effort to advance multiple targets within the district and realize the potential of the Copalquin epithermal system. The company is also conducting a drone magnetic survey over the Copalquin and La Dura mining concession areas, with further assays expected in the coming weeks.
Key Points
  • Mithril Silver and Gold Limited commences maiden drill program at Target 3.
  • Located in the Copalquin Gold-Silver District in Durango State, Mexico.
  • Approximately 3,300 metres planned for the inaugural program.
  • Focus on El Jabali historic workings with high-grade sampling results.
  • Part of a 25,000 metres drilling plan for the first half of 2026.
  • Additional drilling at Target 1 and Target 5 is underway.
  • A drone magnetic survey in the area is set to begin soon.
  • Further assay results from 2025 are anticipated shortly.
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.