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- Mithril Resources (MTH) has requested two consecutive trading halts ahead of a capital raise announcement
- Mithril is focusing its efforts this year on the Copalquin Gold Silver Project in Durango, Mexico
- The company is conducting a maiden drilling program to confirm the depth and continuity of known mineralised areas at Copalquin
- Mithril Resources’ shares last traded for 2.6 cents each
Mithril Resources (MTH) has requested two consecutive trading halts ahead of a capital raise announcement.
The company will remain in a trading halt until the earlier of commencement of normal trading on Friday, July 10.
Mithril is focusing its efforts this year on the Copalquin Gold Silver Project in Durango, Mexico.
Copalquin is known to have produced gold and silver at bonanza grades. Mithril’s recently acquired Sun Minerals compiled data from historic exploration which confirmed rock chip sampling of historic underground working, geological mapping and acquired high-resolution satellite imagery and topography.
Previous drilling identified three areas with underground mineable grades. These areas include El Rufugio, La Soledad and El Cometa.
The company is conducting a maiden drilling program to confirm the depth and continuity of known mineralised structures which are associated with historically mined areas. Additionally, Mithril is targeting Los Reyes, Los Pinos, La Constancia and the San Manuel prospect.
Mithril Resources’ shares last traded for 2.6 cents each on July 3.
