USD $4,111.97
Goldman New drilling results at Copalquin District project, Mexico
Mithril Silver and Gold Limited (ASX:MTH) has announced promising results from drilling at the Target 1 area (El Refugio) in the Copalquin District, Mexico, with a high-grade intercept from hole CDH-159.
The most significant intercept was:
- 33.00m @ 31.8 g/t gold, 274 g/t silver from surface, including:
- 7.00m @ 144 g/t gold, 1,162 g/t silver from 18m
- 2.00m @ 495 g/t gold, 3,765 g/t silver from 20m
- 1.00m @ 26.9 g/t gold, 201 g/t silver from 28m
The hole was drilled into a structure at the eastern side of the Target 1 area (El Cometa), returning the highest-grade intercept drilled to date at the property, calculated at 1,180 g/t x m AuEq.
John Skeet, Mithril’s Managing Director and CEO commented:
Hole CDH-159 is a globally significant >1,000 g/t AuEq x metre drill hole at the maiden resource Target 1 area where we aim to 2x the (529koz @ 6.81 g/t AuEq) resource in Q1 2025. The intercept includes a zone of lower grade material from surface plus a very high-grade zone from 16 metres down hole, including the typical bonanza gold and silver grades that are a hallmark of this important mining district.
With the exceptional drill results combined with our recent LiDAR survey, district access road upgrade works and development of the district geologic model, Copalquin continues to progress as another significant gold-silver district in Mexico’s prolific Sierra Madre Trend.
