Core Insights - Mithril Silver and Gold has executed a purchase option agreement to acquire the La Dura gold-silver property in Durango State, Mexico, which consists of five contiguous mining concessions covering 2,052 hectares [1][3] - The La Dura property is known for its historic mines, including a four-level gold-silver mine with a processing facility capable of handling 60 tonnes per day [2] - The company has secured an exclusive option to acquire a 100% interest in the La Dura concessions for $4 million (A$6.03 million) within a four-year term [3] Acquisition Details - The agreement requires Mithril to maintain the mining concessions in good standing and conduct LiDAR and aerial magnetic surveys within the first year, with the LiDAR survey scheduled for this month and the aerial magnetic survey planned for early 2026 [3][4] - Mithril has committed to a minimum exploration expenditure of $200,000 in the second year, with no additional exploration expenditure requirements beyond this [4] Strategic Importance - The acquisition enhances Mithril's land position near its Copalquin District property, where drilling is currently underway at targets 1 and 5, with target 3 drilling set to begin in January 2026 [4] - The local geology of La Dura is believed to have potential for gold and silver mineralization, and it lies within the same geological locality as the flagship Copalquin property [5][6] - Upcoming surveys will provide an initial assessment of the prospectivity across the 20km² concession area, supporting future detailed mapping, sampling, and drill testing [6]