- Mithril Resources (MTH) intersects high-grade gold and silver mineralisation at its Copalquin gold-silver project in Mexico
- Results come from the first round of drilling completed at La Soledad and Los Pinos with work defining over seven kilometres of veins
- Grades from this drilling intersected up to 7.99 g/t gold and 526 g/t silver with both coming from the same hole
- Shares in Mithril are up 15 per cent trading at 1.2 cents
Mithril Resources (MTH) has intersected high-grade gold and silver mineralisation at its Copalquin Gold-Silver Project in Mexico.
Results come from the first round of drilling completed at La Soledad and Los Pinos with work defining over seven kilometres of veins.
Work completed at La Soledad to date has shown the existence of a sheeted vein system and an association with a granodiorite pre-mineral intrusion.
This recent drilling is guiding the discovery of further clavos and veins along strike and at depth.
At Los Pinos, only a handful of holes have been completed with one intercepting a narrow, high-grade vein only 78 metres below surface.
Locating this vein allows Mithril to plan further drilling as the company continues to search for the main source of the alteration and strong surface gold anomaly.
Better results from this program include 0.95 metres at 7.99 grams per tonne (g/t) gold and 526 g/t silver from 82.45 metres and 0.55 metres at 5.89 g/t gold and 474 g/t silver from 110.75 metres.
“Our expansive exploration program across the district has delivered excellent results ahead of resource development drilling along strike from the high-grade maiden resource at El Refugio,” CEO and Managing Director John Skeet said.
“Together with planned deep drilling at El Refugio and the confirmed extension at Refugio West, Copalquin is well-positioned for significant gold-silver resource growth throughout 2022.”
Shares in Mithril were up a healthy 15 per cent on the market, trading at 1.2 cents at 1:37 pm AEDT.