Mithril Silver and Gold was the lone company that dared to post results during the PDAC convention week (nine did during the two previous weeks), from a drilling program in Mexico. The results are from the La Soledad and El Cometa structures on Target 1 at its Copalquin project in Durango. Drilling is ongoing, with another seven holes having been completed at Target 1, results pending; Drilling is planned to commence with the second drill rig at the Target 2 area by April 2025. Mithril has defined a resource on El Refugio and La Soledad areas within Target 1 of 2.4 M tonnes @ 4.80 gpt Au, 141 gpt Ag in indicated and inferred resources, containing 373 K Oz Au, 11 M Oz Ag. Mineralization is of low sulfidation epithermal affinity.

Figure 1 LiDAR identified historic workings across the 70km2 district. Target 1 area current drilling location, channel sampling area and the high priority drill target areas of Las Brujas-El Peru (Target 2) and La Constancia-El Jabali (Target 3). Several new areas highlighted across the district for follow-up work.