- Mithril Resources (MTH) intersects further high-grade gold and silver mineralisation at the El Refugio structure in Mexico
- One diamond core drill rig is currently at El Refugio to build up the company’s geological knowledge of the district
- Up to 18.22g/t gold and 583g/t silver was intersected with the results continuing to develop El Refugio as a significant contributor to the resource potential
- Drilling remains on schedule to have a maiden JORC resource estimate completed in Q4 2021
- Shares in Mithril are steady on the market and are trading at 1.7 cents at 1:04 pm AEST
Mithril Resources (MTH) has intersected further high-grade gold and silver mineralisation at the El Refugio structure in Mexico.
The El Refugio structure is part of Mithril’s Copalquin gold-silver project which lies within the Copalquin Gold Silver District.
This ongoing drilling program is following on from Mithril’s successful maiden drill program completed in the second half of 2020.
One man-portable diamond core drill rig is currently at the project to build up Mithril’s geological knowledge of the district and the Cometa project targets.
Best new results include 8.85 metres at 7.2 grams of gold per tonne (g/t) and 335g/t silver from 312.15 metres including 2.50 metres at 18.22g/t gold and 583g/t silver from 317 metres.
These results continue to develop El Refugio as a significant contributor to the resource potential.
Managing Director and CEO John Skeet is pleased with the high-grade results.
“Deep drilling at El Refugio has again returned an excellent gold-silver intercept with hole CDH-084 confirming the high-grade mineralisation over 100 metres down-dip in the structure,” Mr Skeet commented.
“The intercept is proximal to the bonanza grade intercept of CHD-077, which is currently interpreted as being outside of the main El Refugio structure.”
Drilling remains on schedule to have a maiden JORC resource estimate completed in Q4 2021.
Shares in Mithril were steady on the market and were trading at 1.7 cents at 1:04 pm AEST.