Mithril Silver and Gold (ASX:MTH) said work began for its maiden drilling program at Target 3 within the Copalquin District gold-silver project in Mexico, according to a Thursday Australian bourse filing.
Around 3,300 meters of drilling is planned at Target 3 as part of the 25,000 meters of drilling planned for the Copalquin District in the first half of 2026. A drone magnetic survey over the Copalquin and the La Dura mining concession areas is planned for later in January.
The firm's shares fell 1% in recent trading on Thursday.