Core Viewpoint - Mithril Silver and Gold Limited is advancing its exploration efforts at the Copalquin District gold-silver project in Mexico, with significant drilling activities planned for 2026, including the mobilization of a third drill rig and a focus on expanding known mineralized zones [1][8]. Drilling Update - Drilling at Target 3 will begin in January 2026, with an initial phase of 3,300 meters planned near historic workings that showed promising channel sampling results of up to 0.65 m @ 16 g/t gold and 1,275 g/t silver [2]. - Target 1 drilling has produced a predictive model for a new resource estimation in 2026, with further drilling of approximately 3,000 meters planned [3]. - The maiden drill program at Target 5 has yielded excellent results, including 2.75 m @ 2.28 g/t gold and 500 g/t silver, with additional drilling planned to test further along strike [4]. Assay Update - The company is experiencing delays at its external assay laboratory, with final results pending for about 20 drill holes, and additional holes dispatched recently [5]. Regional Exploration - LiDAR surveying has been completed at the newly acquired La Dura concession area, with analysis expected in early 2026. An aerial magnetic survey is scheduled for January 2026 to refine structural interpretations and identify new targets [6]. Year-End Reflection - The company has made significant exploration progress in 2025, reinforcing the potential of the Copalquin District as a high-grade gold-silver system, with multiple targets advancing in parallel [7]. 2026 Outlook - Mithril plans an aggressive exploration program in 2026, targeting 25,000 meters of drilling and focusing on expanding known mineralized zones and testing new high-priority targets [8].

Core Insights - Mithril Silver and Gold Limited is advancing its exploration efforts at the Copalquin property in Durango State, Mexico, highlighting the potential of a large, district-scale epithermal gold-silver system [1][2][3] Exploration Update - The Copalquin property has shown exceptional scale and continuity, with high-grade results from multiple targets across a 9-kilometer area and over 1 kilometer of vertical extent [2][3] - Detailed studies of high-grade intercepts at Refugio West, Zaragoza, and Target 5 validate the presence of a large, vertically extensive epithermal system, supporting the company's exploration model [3][4] - A fully funded exploration program is planned for 2026, which includes 25,000 meters of drilling in the first six months [3] Resource Potential - The Copalquin district contains 100 historic underground gold-silver mines and workings, with a maiden JORC resource already established at Target 1 [4][5] - The district is recognized as a significant gold-silver area within the Sierra Madre Gold-Silver Trend, with ongoing exploration success indicating further resource potential [5][32] High-Grade Results - Recent channel sampling has yielded high-grade results, including: - 0.50 m at 16.8 g/t gold and 625 g/t silver at Target 1 West - 0.60 m at 38.3 g/t gold and 4,520 g/t silver at Target 5 [6][12][17] - The mineralized extent of the Copalquin system is confirmed to be over 1,200 meters vertically, with ongoing work identifying potential feeder zones [6][12] Target Areas - Target 1 is focused on expanding mineralization in the Refugio West area, while Target 5 continues to show promise with additional drilling and sampling [10][11] - Target 3 is drill-ready, with drilling set to commence in early January 2026, including several high-grade historic workings [6][12] Geological Insights - The Copalquin structure remains open down dip and along strike, with significant potential for further discoveries [14][32] - Ongoing petrographic work is confirming the district-scale model for the Copalquin epithermal system, enhancing the understanding of the geological framework [6][12]

Core 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].

Core Findings - Arizona Gold & Silver Inc. has reported positive results from the ongoing core drilling program at the Philadelphia Project, highlighting an intercept of 14.5 g/t gold over 1.52 meters within a broader interval of 4.24 g/t over 22.26 meters, indicating continuity of vein thickness and an increase in grade as drilling progresses [1][3] Drilling Results - Core hole PC25-155 shows significant results, with a 40% increase in gold grade compared to previous hole PC25-154, which is located approximately 60 meters up dip [2] - The true thickness of the intercepts in PC25-155 is approximately 57% of the drill thickness, with notable gold and silver grades reported [2] Geological Insights - The geological characteristics observed, such as the replacement of bladed calcite by yellow quartz, suggest the presence of a high-grade epithermal system, indicating proximity to the boiling zone where gold grades typically increase [3] - The vein system at the Philadelphia Project is compared to the historic Oatman Gold Mining District, which produced over 2 million ounces of gold from similar high-grade veins, suggesting potential for high-grade zones [3] Future Drilling Plans - Core hole PC25-156 is currently in progress and is expected to test the targeted vein below hole 155, with the potential to unlock a major high-grade gold discovery [5][6] - The results from hole 156 will guide the next phase of drilling, focusing on expanding the mineralized footprint along the strike [6] Company Overview - Arizona Gold & Silver Inc. is focused on uncovering precious metal resources in Arizona and Nevada, with a commitment to sustainable practices and innovative exploration techniques [10]