Mithril Resources Ltd (MTH:ASX) is a precious metals exploration company that is focused on discoveries, acquisitions and production of gold and silver in Mexico’s Sierra Madre Gold Silver Trend.
Mithril is exploring for gold and silver in Copalquin, Mexico
Mining concessions cover an entire mining district
Copalquin is located in the prolific Sierra Madre Trend
Exposure to both Gold and Silver
Regionally experienced and successful management team in place
Strong track records of exploration and project development success in Mexico
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Mithril is currently drilling in the historic gold and silver producing district of Copalquin, Durango, Mexico.
The Company is led by a proven management team covering all disciplines of precious metals exploration and mining, with successes in Mexico that delivered sizable shareholder returns. The management team has significant ownership of the company.
A maiden JORC indicated and inferred mineral resource has been estimated for the first drill target area of El Refugio–La Soledad. The maiden MRE is robust and high-grade using a cut-off grade appropriate for underground mining, demonstrating the economic potential for Mithril’s first target area in the district and advancing the Company’s goal to become a highly profitable gold-silver producer from high-grade resources.
Copalquin District, Mexico
The Copalquin Mining District in Mexico covers 70km2 and includes several dozen gold and silver mines and workings, 10 of which had notable production including the La Soledad and El Refugio mines located in the Cometa Project area of the district.
$MTH.ax EXPLORATION & METALLURGY RESULTS - COPALQUIN DISTRICT, MEXICO 🔗 bit.ly/3rs8pPt Test work results for El Refugio resource composite with 94% gold & 88% silver recovered to concentrate using only flotation, confirming a simple process route #mining #goldmining pic.twitter.com/mDoaqRZwcT