Target(US:TGT) Newsfile·2025-10-09 11:30Core Insights - Mithril Silver and Gold Limited has reported significant exploration results from its Copalquin property in Durango State, Mexico, particularly at the silver-rich Target 5, which has been expanded to over 2 km x 2 km with sampling results showing up to 3,300 g/t silver and 2.0 g/t gold over 1.30 m [2][9][12] Exploration Results - Drilling at Target 5 has commenced with the completion of the first nine holes, and assays are pending [4][7] - Previous sampling at Target 5 has returned standout silver grades, confirming a larger mineralized target area [4][9] - At Target 1, the main structure has been extended by 300 meters to the west, increasing the total strike length to over 1,200 meters [5][9] District Development - The company is fully funded to complete 45,000 meters of drilling over the next 12-14 months, with plans to add a third drill rig at Target 3 in early 2026 [6][12] - An aerial magnetic survey is set to commence later this month to support the development of a district-scale geological model [6][12] - The mineralized horizon has been extended to over 1,300 meters vertically across 9 km in the southern half of the Copalquin district [9] Historical Context - The Copalquin district contains 100 historic underground gold-silver mines and workings, indicating a rich mining history and high-grade exploration potential [12][30] - Mithril has delivered a maiden JORC mineral resource estimate within 15 months of drilling, demonstrating the high-grade gold and silver resource potential for the district [32][36]