Mithril Silver and Gold (ASX:MTH) said channel sampling across multiple district targets delivered high-grade gold and silver results at the Copalquin gold-silver district in Mexico, according to a Monday Australian bourse filing.
It received samples of 0.5 meters at 16.8 grams per tonne grade of gold and 625 g/t grade of silver from El Gallo, 0.65 meters at 16 g/t grade of gold and 284 g/t grade of silver from El Jabali, as well as 0.6 meters at 38.3 g/t grade of gold, 4,520 g/t grade of silver from Candelaria.
Ongoing petrographic work is confirming the firm's district-scale model for the Copalquin epithermal system, per the filing.
The Target three at El Jabali is ready for the first phase of drilling, beginning in early January 2026.