Nvidia(US:NVDA) Thenewswire·2025-11-04 21:30Core Insights - Mithril Silver and Gold Limited has reported promising exploration results from its Copalquin property in Durango State, Mexico, highlighting high-grade gold and silver intercepts from its maiden drill program at Target 5 [1][2][4]. Exploration Results - Initial drilling at Target 5 has yielded multiple high-grade intercepts, including 1.00 m at 1,714 g/t AgEq (5.80 g/t gold, 1,308 g/t silver) and 3.35 m at 366 g/t AgEq (1.71 g/t gold, 246 g/t silver) [2][4]. - The first eight of thirteen drill holes have returned reportable mineralization, confirming the potential of Target 5, with only 5% of the mapped and projected veins tested to date [2][3][5]. District Outlook - The company is fully funded to complete 45,000 meters of drilling through the second half of 2026, with plans to add a third drill rig at Target 3 in early 2026 [3][5]. - Ongoing mapping and sampling across multiple targets are advancing the understanding of the district-scale potential of Copalquin, which is characterized by a large epithermal gold-silver system [3][6]. Resource Potential - The Copalquin district contains over 100 historic underground gold-silver mines and workings, with a maiden JORC resource already established at Target 1 [6][29]. - The district is recognized as a significant gold-silver area within the Sierra Madre Gold-Silver Trend, with considerable potential for resource expansion [7][28]. Future Developments - Drilling at the high-grade Tasolera mine area is set to commence, following up on high-grade channel sampling results [5][16]. - The company is advancing Target 3 to drill readiness, with further channel sample results pending [5][6].