Mithril commenced its maiden 5,000m diamond core drill program at its Copalquin gold silver project, Mexico in July 2020.
The Copalquin project covers the Copalquin Mining District and is located in Sierra Madre Occidental mountain range, Durango State, Mexico, about 80km NNE of the city of Culiacán. The group of contiguous concessions covers an area of 7,005 hectares. The district hosts at least 32 high grade gold/silver mines within a major epithermal centre, with widespread argillic alteration, and evidence of multiple events, frequently associated with large deposits.
Mithril Resources Limited (through its wholly owned Drummond Gold S.A. de C.V. subsidiary) has an option to purchase the Copalquin concessions from Compañia Minera Copalquin S.A. de C.V. at anytime over a 6 year period while funding and conducting exploration within the concessions.
The maiden diamond core drill program is currently progressing and is scheduled for completion around the end of November 2020. The program will drill test six initial target areas within the central 1,600Ha of the concessions, with most of the drilling focussed in the target areas 1-3, La Soledad-El Refugio-El Cometa.
Drill results from the drilling at La Soledad (~2,000m) has been reported in the following announcements: