Core Insights - Mithril Silver and Gold Limited has reported significant exploration results from its Copalquin property in Durango State, Mexico, highlighting high-grade gold and silver intercepts that extend the strike length of Target 1 by over 30% [1][2][4] Exploration Results - Recent drilling at Target 1 yielded notable intercepts: - 2.05 m at 7.41 g/t gold and 419 g/t silver from 266.05 m - 2.80 m at 3.97 g/t gold and 208 g/t silver from 272.35 m - 8.03 m at 7.19 g/t gold and 260 g/t silver from 257.72 m, including 4.40 m at 9.87 g/t gold and 507 g/t silver from 260.7 m [1][6] - The current resource at Target 1 has been expanded by 300 meters, demonstrating strong potential for further growth [5][6] District Development - The Copalquin property covers a 70 km² area with a history of high-grade gold and silver mining, including 100 historic underground mines [10][11] - Mithril is fully funded for a 45,000-meter drilling program over the next 12-14 months, with plans to add a third drill rig by early 2026 [4][30] - An aerial magnetic survey is scheduled for late October 2025 to support ongoing exploration efforts [4][7] Target Areas - Drilling at Target 5 has progressed rapidly, with 11 holes completed and assays pending, expanding the target footprint to 2 km x 2 km [3][8] - Target 3 is preparing for drilling in the coming months, with systematic mapping and sampling defining priority targets [9][30] Resource Estimates - The maiden JORC resource estimate for the Copalquin district indicates significant potential, with 28.6% of the resource tonnage classified as indicated [25][29] - The resource estimate includes: - Indicated: 691 kt at 5.43 g/t gold and 114 g/t silver - Inferred: 1,725 kt at 4.55 g/t gold and 152 g/t silver [25][29]