Mithril Resources Limited (ASX: MTH) has announced results from the first six holes of a total 9,000m 2024 drill programme at Copalquin, Mexico.
Drilling commenced in June at the Target 1 area. Drilling was also carried out for the first time in a valley 900m southeast from El Refugio near the historic Copalquin Mine. Drilling in both areas successfully intersected the mineralized quartz vein structures as planned.
John Skeet, Mithril’s managing director, and CEO commented, “The results from the first six drill holes of this programme continue to underpin the confidence and prospectivity for this exceptional gold-silver district located in Mexico’s prolific Sierra Madre Gold-Silver Trend. Hole CDH-150 is yet another >100 g/t AuEq x metre drill hole and additive to the high-grade maiden resource at the Target 1 area where we aim to 2X the current underground resource in Q1 2025.”
Target 1 Area (El Refugio) CDH-150 was drilled to test mineralization and extend the underground resource into an area that has a 150m gap in between drill intercepts, returning:
- 17.95m @ 5.16 g/t gold, 78.0 g/t silver from 265.55m including:
- 5.45m @ 9.89 g/t gold, 171 g/t silver from 265.55m plus including
- 1.50m @ 11.7 g/t gold, 103 g/t silver from 276.0m, plus including
- 1.00m @ 9.77 g/t gold, 42.5g/t silver from 282.5m
- Copalquin Mine Area CDH-152:
- 5.66m @ 2.58 g/t gold, 230 g/t silver from 18.5m including
- 1.98m @ 4.59 g/t gold, 520 g/t silver from 18.5m plus including
- 1.32m @ 4.08 g/t gold, 185 g/t silver from 22.28m
- Copalquin Mine Area CDH-154, 50m northwest and along strike from CDH-152, above
- 2.90m @ 1.86 g/t gold, 240 g/t silver from 75.1m including
- § 1.90m @ 1.83 g/t gold, 305 g/t silver from 75.1m
In addition, two more drill holes, CDH-155 and CDH-156, 100m northwest and along strike from CDH-152 have been drilled and sent to the laboratory for assay as well as CDH-157 drilled at La Soledad.
“The first drilling at the historic Copalquin mine area 900m south-east of the maiden resource area returned high-grade intercepts, which is an extension of mineralization adjacent to the maiden resource area.” Added Mr. Skeet.
To find out more, please visit www.mithrilresources.com.au
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