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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 -0.08 (-25%)+
Announcement
Release
12 May 2026 9:38AM
Price at Release
$0.320
Full Release
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Summary
Mithril Silver and Gold Limited reported significant drilling results at its Copalquin property in Durango State, Mexico. The drilling at Target 1 revealed intersections including 9.65 meters at 7.00 g/t gold and 370 g/t silver, with a highlight of 0.50 meters at 30.70 g/t gold and 1,780 g/t silver. These results are part of an ongoing drilling campaign aimed at expanding the resource footprint beyond the 2021 Mineral Resource Estimate boundary. The company is preparing for a resource update in June 2026, while continuing its exploration program with plans for up to 25,000 meters of drilling in the Copalquin District during the first half of 2026.
Key Points
  • Hole RE26-009 intersected 9.65 meters at 7.00 g/t gold and 370 g/t silver.
  • Includes a 0.50-meter intersection with 30.70 g/t gold and 1,780 g/t silver.
  • The drilling expanded the resource footprint 300 meters west of the 2021 MRE boundary.
  • A resource update is planned for June 2026.
  • 25,000 meters of drilling are planned in 2026 for continued exploration.
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.