お知らせ • Jul 08
Mithril Silver and Gold Limited Announces Expanded Channel Sampling and Mapping Continue to Highlight District-Scale
Mithril Silver and Gold Limited announced that it has defined an extensive high-grade gold-silver system spanning 8 kilometres and 1,200 metres vertically, at its flagship Copalquin Project in Mexico. Building on high-grade channel sampling and detailed mapping, drilling is about to commence at the Target 5 area with Target 3 progressing for drilling late Third Quarter 2025. New sampling has extended mineralization at Target 2 by a further 1,000 metres, highlighting the district's significant discovery potential as multiple high-priority targets advance in parallel. With 100 historic underground gold-silver mines and workings plus 198 surface workings/pits throughout 70km2 of mining concession area, Copalquin is an entire mining district with high- grade exploration results and a maiden JORC resource. To date there are several target areas in the district with one already hosting a high-grade gold-silver JORC mineral resource estimate (MRE) at the Target 1 area (El Refugio-La Soledad)1 and a NI 43-101 Technical Report filed on SEDAR+, supported by a conceptional underground mining study completed on the maiden resource in early 2022 and metallurgical test work. There is considerable strike and depth potential to increase the resource at El Refugio and at other target areas across the district, plus the underlying geologic system that is responsible for the widespread gold-silver mineralisation. With the district-wide gold and silver occurrences and rapid exploration success, it is clear the Copalquin District is developing into another significant gold-silver district like the many other districts in this prolific Sierra Madre Gold-Silver Trend of Mexico. Copalquin District Exploration Progress Update: Surficial and underground channel sampling at Target 2, 3, 4 and 5 Areas have continued to deliver excellent results, with several channel samples intersecting very high-grade silver and high-grade gold within broad, outcropping vein systems. Ongoing mapping at Target 5 -- including the El Apomal, El Duraznito, Veta Azul, and Dulces Nombres areas -- continues to identify additional vein systems and underground workings, significantly expanding the Target 5 area both along strike and across strike. Several of the mapped veins display good continuity, with some traceable for over 600 metres. The vein system is predominantly striking northwest-southeast with veins in the southwest of the target area dipping to the southwest and veins in the northeast dipping to the northeast. Target 5 veins mapped to date, are hosted in granodiorite and are situated at a lower elevation in the system at 650 - 900 m compared with the mineralised zones at Target 1 (900 - 1,150 m) and Target 2 (1,500 - 1,700 m). Surface and underground channel sampling continues to return anomalous gold and silver values, with numerous assay results still pending. Significant gold and silver target 5 channel sampling highlights include: 0.6 m @ 1.17 g/t Au, 85 g/t Ag (814016; surface). 0.55 m @ 1.17 g/t Au, 34.1 g/t Ag (814033; surface). 0.5 m @ 1.28 g/t Au, 59.3 g/t Ag (814037; surface). 0.5 m @ 1.29g/t Au, 252 g/t Ag (814045; surface). 0.5 m @ 3.07 g/t Au, 34.2 g/t Ag (814053; surface). 0.3 m @ 1.11 g/t Au, 43.0 g/t Ag (814058; surface). An exploration road is advancing to the Target 5 area to provide access for drill pads. Target 3, which includes the Jabali, Constancia, San Antonio, and Guadalupe mines, has revealed a network of veins through ongoing mapping efforts. While many of these veins exhibit limited continuity, they occur in various orientations, with a dominant northwest strike over a cumulative strike length of 1km. Channel sampling from both surface and underground workings has returned numerous high-grade gold and silver values, highlighting the potential of the area. Notably, the Jabali mine hosts veins characterized by abundant amethyst, suggesting a distinct mineralogical signature that may be useful for further vectoring. Mapping and sampling will continue in the area to fully develop drill targeting. Significant gold and silver target 3 channel sampling highlights include: 1.0 m @ 1.08 g/t Au, 114 g/t Ag (527246; underground). 1.0 m @ 19.85 g/t Au, 270 g/t Ag (527248; underground). 1.0 m @ 3.49 g/t Au, 231 g/t Ag (527255; surface). 0.5 m @ 1.32 g/t Au, 66 g/t Ag (527256; surface). 1.0 m @ 2.31 g/t Au, 60.8 g/t Ag (527271; surface). 1.0 m @ 3.08 g/t Au, 179 g/t Ag (527272; surface). 0.5 m @ 1.46 g/t Au, 50.6 g/t Ag (527284; surface). 0.9 m @ 12.40 g/t Au, 820 g/t Ag (527285; surface). 0.6 m @ 2.54 g/t Au, 170 g/t Ag (742048; underground). 0.5 m @ 2.52 g/t Au, 155 g/t Ag (742049; underground). 0.6 m @ 1.02 g/t Au, 83.3 g/t Ag (814551; underground). 0.5 m @ 13.25 g/t Au, 558 g/t Ag (814552; underground). 0.5 m @ 4.04 g/t Au, 314 g/t Ag (814553; underground). 0.7 m @ 1.40 g/t Au, 83.3 g/t Ag (814557; surface). 0.65 m @ 5.67 g/t Au, 365 g/t Ag (814559; surface). 0.7 m @ 3.47 g/t Au, 256 g/t Ag (814565; surface). 0.5 m @ 5.80 g/t Au, 1 g/t Ag (814572; surface). 0.5 m @ 1.49 g/t Au, 41.7 g/t Ag (527288; underground). 0.8 m @ 1.02 g/t Au, 41.7 g/t Ag (814608; surface). 1.0 m @ 2.00 g/t Au, 4.7 g/t Ag (814609; surface). 1.0 m @ 1.73 g/t Au, 27.6 g/t Ag (814610; underground). 1.0 m @ 2.08 g/t Au, 43.4 g/t Ag (814611; underground). 0.8 m @ 1.34 g/t Au, 52.0 g/t Ag (814612; underground). 0.9 m @ 8.03 g/t Au, 108 g/t Ag (814613; underground). Final drill results are reported for the Target 2 area for the maiden drill program targeting near surface mineralisation at the two historic mine areas of La Brujas and El Peru. Recent drilling results at Target 2 have not returned significant assay results observed in previous drilling and channel samples from underground workings. Further follow- up field work and interpretation is needed before drilling continues. Soil Sampling in Target 4: Previously unreported soil samples from the San Manuel Mine (Target 4) Area have returned numerous high-grade gold and silver assay results. The high-grade samples are located primarily to the north of the workings of the San Manuel Mine. These high-grade results further indicate the potential for the extension of mineralised structures from the San Manuel Mine and warrant detailed mapping and sampling to fully develop the Target 4 Area. Significant gold and silver target 4 soil sampling highlights include: SM-036 @ 2.56 g/t Au, 59 g/t Ag. SM-037 @ 4.1 g/t Au, 83 g/t Ag. SM-083 @ 2.73 g/t Au, 102 g/t Ag. SM-111 @ 5.66 g/t Au, 154 g/t Ag. SM-112 @ 5.77 g/t Au, 139 g/t Ag. SM-113 @ 2.1 g/t Au, 58 g/t Ag. SM-114 @ 4.13 g/t Au, 120 g/t Ag. SM-124 @ 5.03 g/t Au, 237 g/t Ag. SM-127 @ 2.53 g/t Au, 20 g/t Ag. SM-128 @ 2.08 g/t Au, 47 g/t Ag.