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    Mithril reports extensive gold-silver intercepts at El Refugio

    Mithril Resources Ltd (ASX: MTH) announced that the step out drilling to the west at El Refugio discovery within the Copalquin gold-silver project in Mexico has confirmed the continuation of the gold-silver mineralised structure 180m further west.

    Standout results for first holes stepping out to the west along the El Refugio structure included 26.78m @ 2.26 g/t gold, 25.1 g/t silver from 143.22m; 1.02m @ 0.90 g/t gold, 15 g/t silver from 111. 68; 1.37m @ 8.73 g/t gold, 397 g/t silver from 186.3m; and 4.30m @ 0.60 g/t gold, 24 g/t silver from 165m.

    The company said that drill plan is in place to test deeper in this extension of the El Refugio structure.

    Drilling at Copalquin project

    The company had recently commenced exploration activities at its Copalquin Gold Silver District, Mexico. MTH has now announced further encouraging drilling results.

    Mithril reported that the first holes (CDH-064, CDH-065, CDH-066, CDH-067, and CDH-068) drilled west along the main El Refugio discovery have now intercepted multiple gold-silver veins within the broad El Refugio structure.

    The company said that the results from these first holes have confirmed the structure to continue 180 metres further west. MTH said that further drilling in this area will target the structure deeper and continue to test for continuation along strike.

    Long section for the El Refugio target in the Copalquin district
    Long section for the El Refugio target in the Copalquin district

    High-grade drill results

    The company reported drilling results for the first holes stepping out to the west along the El Refugio structure.

    CDH-064

    MTH said that the hole CDH-064 intercepted multiple veins down dip of holes CDH-024 and 025 within a broadening mineralised structure. The company said that this will continue to be developed at depth.

    Standout results included 4.30m @ 0.60 g/t gold, 24 g/t silver from 165m; 5.85m @ 0.84 g/t gold, 32.8 g/t silver from 175.2m; 3.00m @ 0.71 g/t gold, 34 g/t silver from 201m; and 2.50m @ 0.58 g/t gold, 38.2 g/t silver from 226.5m.

    CDH-065, CDH-066

    The company said that the holes CDH-065 and CDH-066 have stepped out along strike 100m to the west and have successfully intercepted the top of the El Refugio structure. MTH said that future drilling in this area will target and develop the structure deeper.

    Significant intercepts from CDH-065 included 1.02m @ 0.90 g/t gold, 15 g/t silver from 111. 68; 1.00m @ 0.48 g/t gold, 42 g/t silver from 119.8m; and 1.37m @ 8.73 g/t gold, 397 g/t silver from 186.3m.

    Standout hits from CDH-066 included 26.78m @ 2.26 g/t gold, 25.1 g/t silver from 143.22m, including 1.71m @ 5.23 g/t gold, 160 g/t silver from 145.44m, and 2.00m @ 15.6 g/t gold, 35 g/t silver from 159.0m, and 1.22m @ 5.87 g/t gold, 5.5 g/t silver from 164.58m.

    CDH-067

    Mithril said that hole CDH-067, drilled down dip of hole CDH-066, stopped in stockwork zone before reaching the target due to swelling clay. Results included 1.00m @ 1.17 g/t gold, 41 g/t silver from 189.9m, and 0.71m @ 0.77 g/t gold, 23 g/t silver from 195.95m. The company said that it would be re-entered and completed later in program.

    CDH-068

    MTH said that hole CDH-068 was completed a further 80m to the west of hole CDH-066 and intercepted the Refugio structure. The company said that the core samples from this drill hole are with the laboratory for assay.

    What’s next?

    The company said that drill plan is in place to test deeper in this extension of the El Refugio structure.

    “These broad intercepts with high-grade gold and silver are important results for further extensions deeper and to the west at El Refugio”

    Management statements

    Mithril CEO and Managing Director John Skeet said: “The step out drilling to the west at El Refugio has confirmed continuation of the gold-silver mineralised structure 180m further west.

    These broad intercepts with high-grade gold and silver are important results for further extensions deeper and to the west at El Refugio.

    El Refugio continues to produce reportable intercepts with every hole drilled as we continue to expand the resource potential in this part of the Copalquin District.”

    Image Source:  Mithril Resources Ltd

    Jonathan Norris
    Jonathan is a founder of Mining.com.au and has been covering the resources industry since 2018. With over 17 years experience in print, broadcast and online media, Jonathan has seen first hand the transformative effect of online niche media.

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    • Delayed Prices (USD) - Last Updated 14-06-2021
    • Gold $1,873.40
    • Silver $27.89
    • Dalian Iron Ore i2109 $0.00
    • LME Aluminium $2,490.00
    • LME Cobalt $42,500.00
    • LME Copper $10,029.00
    • LME Lead $2,198.00
    • LME Nickel $18,303.00
    • LME Tin $33,060.00
    • LME Zinc $3,011.00