ASSAYS UP TO 997 G/T SILVER, 28 G/T GOLD TARGET 1 EXPANSION

Mithril Silver and Gold continues to expand resources at its Copalquin District project in Mexico

Mithril Silver and Gold Limited (ASX:MTH) has announced additional drill results from the Target 1 resource expansion program at its Copalquin District project in Mexico.

Key highlights from the drilling include:

4.60m @ 5.51 g/t gold, 182.4 g/t silver, from 99m (CDH-162), including:
- 2.40m @ 10.24 g/t gold, 335 g/t silver, from 100.40m
- 0.60m @ 28.0 g/t gold, 997 g/t silver, from 100.40m
9.00m @ 2.06 g/t gold, 90.26 g/t silver, from 98m (CDH-161), including:
- 1.00m @ 2.14 g/t gold, 259 g/t silver, from 99m
1.60m @ 5.09 g/t gold, 299 g/t silver, from 125.60m, including:
- 0.50m @ 12.15 g/t gold, 758 g/t silver, from 126.7m

The drilling focused on areas both shallower and to the west of the historic El Refugio mine workings, as well as on the eastern side of the Target 1 resource area at El Cometa, where a previously reported intercept of 33.00m @ 31.8 g/t gold and 274 g/t silver from surface (CDH-159) was drilled.

Further exploration and drilling are planned to continue in the area ahead of the Q1 2025 Target 1 resource update.

John Skeet, Mithril’s Managing Director and CEO, commented:

Drilling into untested areas in and around the Target 1 maiden resource area continues to successfully expand the footprint with high to exceptionally high grade results, as we progress our aim to double the resource at this first of multiple targets in the district with a further 5,000m of drilling to complete over the coming months. Ongoing LiDAR survey interpretation, together with mapping and drill/channel sample results, further demonstrate a very large epithermal gold-silver system with significant depth potential across this 10 km wide district. There are at least three further Target 1 size areas for future drilling plus several areas identified for field work. Our Copalquin District project is advancing to become the next of the many world-class gold-silver districts in Mexico’s prolific Sierra Madre Gold-Silver Trend.