Core Insights - Mithril Silver and Gold Limited has reported significant exploration progress at its Copalquin property in Mexico, confirming high-grade silver and gold mineralization across multiple targets [5][6][28] - The maiden drill program at Target 5 has outlined a large silver-rich target, with mineralization confirmed over a 9.6 km area [1][16] - The company plans to continue aggressive exploration in 2026, with up to 25,000 meters of drilling scheduled to expand known mineralized zones and test new high-priority targets [7][28] Exploration Progress - The maiden drill program at Target 5 confirmed high-grade silver and gold mineralization, with notable intercepts including 2.75 m at 660 g/t AgEq and 1.00 m at 1,714 g/t AgEq [3][24] - Drilling at the Apomal and Tasolera workings has defined mineralized zones, with significant alteration zones indicating extensive hydrothermal activity [1][4] - An aerial magnetic survey has been completed, providing data to refine the drill plan and target key structural 'feeder' targets [4][21] Resource Development - Resource drilling at Target 1 has commenced, with the resource extended 300 m to the west and open in both directions [4][6] - The company aims to advance Targets 3 and 5 to additional resources while testing district-defining targets [7][28] - The Copalquin district is identified as a large epithermal silver-gold system, with significant potential for resource growth [5][29] Future Plans - Mithril's strategy includes progressing Target 1 towards future development and expanding known mineralized zones [7][28] - Detailed work programs for 2026 are being finalized, utilizing data from recent surveys and geological studies [7][28] - The company has an exclusive option to purchase 100% interest in the Copalquin mining concessions by paying US$10 million before August 2028 [37]