Mithril Silver & Gold (ASX:MTH) has begun 2026 drilling with work commenced at target three at the Copalquin District gold-silver project in Durango State, Mexico.
Target three has significant historic mining on its eastern side and recent channel sampling at the El Jabali historic workings returned results up to 0.65m @ 16 grams per tonne gold and 1,275g/t silver.
Mithril has planned its target three dill program to test the continuity and scale of mineralisation and is an important step for the company to unlock the broader potential of the Copalquin epithermal system.
Mithril is also progressing drilling at targets five and one, with target one scheduled for completion in Q1 2026 ahead of the target’s maiden resource estimate.
CEO John Skeet notes that the commencement of drilling is an “important milestone” as the company advances multiple high-priority targets.
“As we have seen across the Copalquin District, multiple high-grade historic workings and targets provide strong evidence of a well-developed feeder-style epithermal system,” Skeet says.
“Our programs are designed to test both continuity and scale of mineralisation at our targets and are important steps in our strategy to unlock the broader district-scale potential of the Copalquin epithermal system as we advance several targets in parallel.”
Mithril is focused on exploration in Mexico’s Sierra Madre gold-silver trend.
Write to Amy Rotman at Mining.com.au
Images: Mithril Silver & Gold
