Mithril Silver and Gold (ASX:MTH) said high-grade, shallow intercepts were returned from resource drilling at Target 1 at the Copalquin District gold-silver project in Mexico, according to a Tuesday Australian bourse filing.
It encountered intersections of 1.55 meters at 2.11 grams per tonne grade of gold and 5.5 g/t grade of silver from 24.65 meters, as well as 3.05 meters at 1.68 g/t grade of gold and 107 g/t grade of silver from 52.0 meters.
The firm's shares fell 4% in recent trading on Tuesday.