Mithril Resources Identifies Gold, Silver Mineralization at Mexico Project; Shares Up 8%
MT Newswires Live
May 12
Mithril Resources (ASX:MTH) reported continued drilling progress at its Copalquin Silver-Gold Project in Mexico, according to a Tuesday Australia bourse filing.
The results were up to 9.7 meters at 7 grams per tonne gold and 370 grams per tonne silver from 271.4 meters.
Expansion drilling continues ahead of an updated mineral resource estimate planned for late June 2026, with district target generation work, including mapping, sampling, aerial magnetic survey interpretation, and structural study, preceding drill testing as part of a 25,000-meter program for the year, the filing added.
The company's shares rose nearly 8% in recent Tuesday trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.