Key facts
| Company | Mithril Silver Gold (TSXV: MSG) |
|---|---|
| Commodity | Gold |
| Location | Mexico |
| Stage | Resource definition |
Mineral resource estimates
2 reported estimates, newest first. Categories are as disclosed by Mithril Silver Gold; inferred material carries the lowest confidence and cannot support a reserve.
| Category | Tonnes | Au g/t | Au oz | Ag g/t | Ag oz | Effective |
|---|---|---|---|---|---|---|
| IndicatedNI 43-101 | 691 kt | 5.43 g/t | 121 koz | 114.2 g/t | 2.54 Moz | Nov 30, 2021 |
| InferredNI 43-101 | 1.7 Mt | 4.55 g/t | 252 koz | 151.7 g/t | 8.41 Moz | Nov 30, 2021 |
How the categories differ: Inferred vs Indicated vs Measured. Compare reports over time with the Resource Growth Tracker.
News releases105 on file
Amended Announcement Copalquin Project Target 1 Deposit MRE
Amended announcement resubmitting an upgraded Mineral Resource Estimate for the Target 1 deposit at the Copalquin Project in Durango State, Mexico, with additional disclosure on sampling, drilling, classification criteria, assay methods, cut-off grades and mining and metallurgical parameters, plus a statement that the company considers there is reasonable potential for both gold and silver to be e
Resource updateInvestor Presentation
A July 2026 investor presentation summarizes the Copalquin district in Mexico, including the Target 1 resource update announced June 30, 2026, of 464 koz AuEq Indicated and 151 koz AuEq Inferred (75% Indicated), comprising 343 koz gold and 8,479 koz silver Indicated, with metallurgical recoveries of 96% gold and 91% silver. It reports 12,000 m of fully funded drilling planned for H2 2026, cash of
CorporateMITHRIL DERISKS TARGET 1 WITH 75% INDICATED RESOURCE
Upgraded mineral resource estimate for the Target 1 deposit at the Copalquin Project in Durango State, Mexico, with constrained and diluted Indicated resources of 3.391 Mt at 3.15 g/t gold and 77.8 g/t silver (343 koz gold, 8.479 Moz silver, 464 koz AuEq) and Inferred resources of 1.436 Mt at 2.23 g/t gold and 73.6 g/t silver (103 koz gold, 3.398 Moz silver, 151 koz AuEq), effective June 29, 2026.
Resource updateMITHRIL DRILLS 7.25 M @ 4.01 G/T AU, 225 G/T AG AT T1
4.01 g/t gold and 225.1 g/t silver over 7.25 m from 375.70 m, including 15.25 g/t gold and 533.0 g/t silver over 0.50 m, was intersected in hole RE26-013 at El Refugio, Target 1, on the Copalquin property in Durango State, Mexico. Other results include 3.25 m at 5.23 g/t gold and 30.5 g/t silver from 92.0 m in La Soledad hole LS26-007. The final holes of the Target 1 upgrade program are complete,
Drill resultsMTH Drills 7.00 G/T Gold, 370 G/T Silver Over 9.65 M at T1
Drilling at Target 1 on the Copalquin property in Durango State, Mexico returned 9.65 m at 7.00 g/t gold and 370 g/t silver from 271.40 m in hole RE26-009, including 0.50 m at 30.70 g/t gold and 1,780 g/t silver, about 300 m west of the November 2021 Inferred resource boundary. Other holes returned 3.45 m at 12.09 g/t gold and 249 g/t silver (RE26-004) and 3.60 m at 2.18 g/t gold (LS26-005). Thirt
Drill resultsQuarterly Activities/Appendix 5B Cash Flow Report
Exploration results for the March 2026 quarter at the Copalquin and La Dura properties in Durango State, Mexico. Target 3 drilling of 3,039 m returned 0.90 m @ 2.79 g/t gold and 151 g/t silver from 155.45 m (JA26-002), 0.50 m @ 6.91 g/t gold and 475 g/t silver from 102.50 m (JA26-004), and 0.50 m @ 33.20 g/t gold from 134.95 m (GU26-002). Target 1 infill and expansion drilling continues with a res
CorporateInvestor Presentation
An investor presentation for the Ignite Investment Summit in Hong Kong on 15-16 April 2026 covers the Copalquin gold-silver district in Mexico's Sierra Madre, a 70 km² package with 298 historic mines and workings, plus the adjacent 20 km² La Dura property acquired in December 2025. The Target 1 initial resource stands at Indicated 691 kt @ 5.43 g/t gold and 114 g/t silver, and Inferred 1,725 kt @
CorporateHIGH-GRADE AND WIDESPREAD SILVER AND GOLD AT TARGET 3
Drilling at the Copalquin project in Durango State, Mexico returned 0.90 m @ 2.79 g/t gold, 151 g/t silver from 155.45 m (JA26-002), 0.50 m @ 6.91 g/t gold, 475 g/t silver from 102.50 m (JA26-004) and 0.50 m @ 33.20 g/t gold, 5.9 g/t silver from 134.95 m (GU26-002). The 3,039 m Target 3 programme tested 700 metres of strike across four historic workings. At Target 5, hole MA26-001 at La Maquina cu
Drill resultsSwiss Mining Institute Zurich Conference Presentation
An investor presentation for the Swiss Mining Institute conference in Zurich, 17-19 March 2026, covers the Copalquin gold-silver district in Mexico, where the Target 1 initial resource stands at Indicated 691 kt @ 5.43 g/t gold and 114 g/t silver (121,000 oz gold, 2,538,000 oz silver) and Inferred 1,725 kt @ 4.55 g/t gold and 152 g/t silver (252,000 oz gold, 8,414,000 oz silver). The company repor
CorporateHalf Yearly Report and Accounts
A loss after income tax of $3,992,367 was reported for the half-year ended 31 December 2025, versus $1,104,382 a year earlier, with cash and cash equivalents of $14,149,399 at period end and exploration and evaluation assets of $48,572,120. A July 2025 placement of 31,944,700 units at CAD$0.36 raised $12,726,956 before costs, and 6,724,202 warrants were exercised for $1,364,840. La Dura, five cont
CorporateInvestor Presentation
An investor presentation for PDAC, 1–4 March 2026, covers the Copalquin district in Mexico's Sierra Madre, a 70 km² package with 298 historic mines and workings, plus the adjacent 20 km² La Dura gold-silver property acquired in December 2025. The Target 1 maiden resource stands at Indicated 691 kt at 5.43 g/t gold and 114 g/t silver, and Inferred 1,725 kt at 4.55 g/t gold and 152 g/t silver, with
CorporateMITHRIL LIDAR STUDY REVEALS 1.5 KM TREND & HISTORIC MINES
A LiDAR survey has been completed over 21 km² of mining concessions at the La Dura gold-silver project in Durango State, Mexico, identifying 18 historic mine shafts, 44 adits and 134 mine and prospecting pits, plus a second cluster of adits and workings 1 km south. Consultant GeoCloud Analytics interpreted a trend up to 1.5 km long and 300 m wide with workings along 5 repeated structures, includin
NewsTarget 5 Drilling and District Update
Maiden drilling at Target 5 on the Copalquin silver-gold project in Durango State, Mexico outlined northwest-trending banded quartz veins across a 9.6 km2 area, with a 1.5 km mineralised corridor and a 700 m x 200 m modelled hydrothermal zone; results include 2.75 m @ 660 g/t AgEq from 93.6 m (including 1.00 m @ 1,714 g/t AgEq) and 3.35 m @ 366 g/t AgEq from 90.15 m. Phase IV drilling at Target 1
Drill resultsQuarterly Activities/Appendix 5B Cash Flow Report
Drilling at the Copalquin gold-silver project in Durango State, Mexico returned 8.03 m @ 7.19 g/t gold, 260 g/t silver from 257.72 m at Target 1 and 2.75 m @ 660 g/t AgEq from 93.6 m at Target 5, with a Target 1 resource update planned for Q2 after 3,000 m of infill drilling. Mithril agreed to acquire 100% of the nearby La Dura concessions for US$4M over four years. Quarter-end cash was A$14.1M, w
CorporateMITHRIL DRILLS HIGH-GRADE GOLD-SILVER AT TARGET 1
Drill results from resource drilling at Target 1, Copalquin property, Durango State, Mexico, included 1.55 m at 2.11 g/t gold and 5.5 g/t silver from 24.65 m plus 1.35 m at 21.9 g/t gold and 357 g/t silver from 142.75 m in MTH-RE25-54, and 3.05 m at 1.68 g/t gold and 107 g/t silver from 52.0 m in MTH-LS25-53. Hole MTH-RE25-58 returned a 150 metre anomalous silver zone, extending the east-west stru
Drill resultsMTH KICKS OFF MAIDEN DRILL PROGRAMME AT TARGET 3
Drilling has begun at Target 3 at the Copalquin gold-silver district in Durango State, Mexico, with approximately 3,300 metres planned as part of 25,000 metres scheduled across the district in the first half of 2026. The maiden programme starts around the El Jabali historic workings, where channel sampling returned up to 0.65 m @ 16 g/t gold and 1,275 g/t silver. Target 1 drilling is due for compl
Drill resultsThird drill mobilization & expanded 2026 exploration program
A third drill rig is being mobilized at the 100%-owned Copalquin gold-silver district in Durango State, Mexico, with 25,000 metres of drilling planned for 2026 and up to three rigs turning in the first half. Target 3 maiden drilling of 3,300 metres starts the first week of January 2026 near El Jabali, and about 3,000 metres will be drilled at Target 1 in Q1 2026 ahead of a resource update. Assays
Drill resultsInvestor Presentation
A December 2025 investor presentation covers the Copalquin district in Mexico, where the Target 1 maiden resource stands at Indicated 691 kt @ 5.43 g/t gold, 114 g/t silver (7.06 g/t AuEq) and Inferred 1,725 kt @ 4.55 g/t gold, 152 g/t silver (6.72 g/t AuEq). Target 1 and Target 5 drilling is underway, Target 3 begins January 2026, and 25,000 metres is funded for the first half of 2026. Cash was A
CorporateMITHRIL TO ACQUIRE THE LA DURA GOLD-SILVER PROPERTY
A Purchase Option Agreement has been executed to acquire the La Dura gold-silver property in Durango State, Mexico, comprising 5 contiguous mining concessions totalling 2,052 hectares, located 20 km from Mithril's Copalquin property. Mithril paid US$25,000 and issued 50,000 shares on execution, with staged payments over 48 months and the right to buy 100% for US$4,000,000; a 2.5% NSR applies, redu
AcquisitionExploration Sampling up to 4,520 G/T Silver, 38.2 G/T Gold
Channel sampling at the Copalquin property, Durango State, Mexico returned 0.60 m at 38.3 g/t gold and 4,520 g/t silver at Target 5 (San Miguel Mine), 0.50 m at 16.8 g/t gold and 625 g/t silver at Target 1 West, and 0.65 m at 16.0 g/t gold and 284 g/t silver at Target 3. Eight further holes were completed at Target 5 with assays pending, first drilling at Target 3 begins early January 2026, and a
Drill resultsInvestor Presentation Precious Metals Summit Zurich
An investor presentation for the Precious Metals Summit Zurich, held 10-11 November 2025, covers the Copalquin district in Mexico's Sierra Madre, a 70 km² package with 298 historic mines and workings across 13 target areas. The Target 1 maiden resource stands at 691 kt indicated at 5.43 g/t gold and 114 g/t silver (7.06 g/t AuEq) and 1,725 kt inferred at 4.55 g/t gold and 152 g/t silver (6.72 g/t
CorporateSeptember Quarter Financial Report and Management Analysis
For the three months ended September 30, 2025, a net loss of A$2,184,341 was reported, versus A$546,772 a year earlier, with the increase largely reflecting A$1,630,200 of share-based payments. Cash and cash equivalents stood at A$18,269,182 at September 30, 2025, up from A$11,056,014 at June 30, 2025, after A$12,726,956 of private placements and A$1,180,770 from warrant exercises; exploration and
CorporateMAIDEN T5 DRILLING UP TO 1,714 G/T AGEQ OVER 1M
Maiden drilling at Target 5 in the Copalquin District, Durango State, Mexico returned 2.75 m at 660 g/t AgEq (2.28 g/t gold, 500 g/t silver) from 93.6 m in AP25-003, including 1.00 m at 1,714 g/t AgEq (5.80 g/t gold, 1,308 g/t silver). Other intercepts include 3.35 m at 366 g/t AgEq in AP25-005 and 1.25 m at 728 g/t AgEq in AP25-006. Thirteen holes are complete, with assays received for the first
Drill resultsQuarterly Activities/Appendix 5B Cash Flow Report
Two rigs drilled at the Copalquin District, Durango State, Mexico during the September 2025 quarter, with Target 1 intercepts including 7.19 g/t gold, 260 g/t silver over 8.03 m from 257.72 m and 8.63 g/t gold, 41.2 g/t silver over 3.3 m from 169.7 m, plus 12 holes completed at Target 5 with assays pending. Exploration expenditure was A$4.87M and cash at quarter end was A$18.3M, following a C$11.5
Corporate300 Metre T1 Extension -10.9 G/T AUEQ over 8.03m
Drilling at Target 1 on the Copalquin property in Durango State, Mexico returned 8.03 m at 7.19 g/t gold and 260 g/t silver from 257.72 m in MTH-RE25-45, including 4.40 m at 9.87 g/t gold and 506.8 g/t silver, and 7.20 m at 2.78 g/t gold and 148 g/t silver from 260.9 m in MTH-RE25-44. The results extend the Target 1 strike 300 metres west to over 1,300 m. At Target 5, 11 holes are complete with as
Drill resultsSILVER RICH TARGET 5, SAMPLING UP TO 3,300 G/T SILVER
First nine holes of an initial 5,000 metre drill program at Target 5 (historic Apomal mine) on the Copalquin property, Durango State, Mexico, are complete with assays pending. Mapping and sampling expanded silver-rich Target 5 to over 2 km x 2 km, with underground highlights of 3.1 m at 2.02 g/t gold and 1,938 g/t silver at the Tasolera mine, including 1.40 m at 2.00 g/t gold and 3,300 g/t silver.
Drill resultsAnnual Report to shareholders
The annual report for the year ended 30 June 2025 reports a loss after tax of $2,122,134, versus $1,600,354 in the prior year, with activity centred on the Copalquin gold-silver property in Durango State, Mexico. The Target 1 (El Refugio–La Soledad) resource stands at 691 kt indicated at 5.43 g/t gold and 114.2 g/t silver, plus 1,725 kt inferred at 4.55 g/t gold and 151.7 g/t silver. Drill results
CorporateManagement Discussion and Analysis
For the year ended June 30, 2025, Mithril reported a net loss of $2,122,134 (2024: $1,600,354), cash and cash equivalents of $11,056,014 and working capital of $11,010,134, with exploration and evaluation assets of $39,065,392, of which $39,021,491 relates to the Copalquin gold-silver project in Durango State, Mexico. Financing activities provided $19,689,139, including an October 2024 placement o
CorporateInvestor Presentation
An investor presentation for the Beaver Creek Precious Metals Summit, held 9-12 September 2025, covers the Copalquin district in Mexico's Sierra Madre, a 70 km² package with 298 historic mines and workings. The Target 1 maiden resource stands at Indicated 691 kt at 5.43 g/t gold and 114 g/t silver (7.06 g/t AuEq) and Inferred 1,725 kt at 4.55 g/t gold and 152 g/t silver (6.72 g/t AuEq), with a res
CorporateMTH ACCELERATES EXPLORATION WITH NEW DRILLING AT TARGET 5
**Assays and drilling update, Copalquin property, Durango State, Mexico.** Drilling at Target 1's La Soledad returned 3.3 m @ 8.63 g/t gold and 41.24 g/t silver from 169.7 m in MTH-LS25-36, including 0.5 m @ 48.85 g/t gold and 91.55 g/t silver, and 1.1 m @ 9.95 g/t gold, 44.6 g/t silver from 156.9 m in MTH-LS25-35. First drilling at Zaragoza, 500 m southeast of Refugio, returned 0.57 m @ 6.4 g/t g
Drill resultsInvestor Presentation
An August 2025 investor presentation for the Copalquin district in Durango, Mexico covers the Target 1 maiden resource of 691 kt indicated at 5.43 g/t gold and 114 g/t silver (121,000 oz gold, 2,538,000 oz silver) and 1,725 kt inferred at 4.55 g/t gold and 152 g/t silver (252,000 oz gold, 8,414,000 oz silver), with metallurgical recoveries of 96% gold and 91% silver. Cash stood at A$22.9m followin
CorporateMithril Silver and Gold Announces US Listing on OTCQB
Mithril Silver and Gold's common shares began trading on the OTCQB Venture Market in the United States under the symbol MTIRF as of August 13, 2025. The shares continue to trade on the Australian Securities Exchange as MTH and on the TSX Venture Exchange as MSG. The company's Copalquin Gold-Silver District is located in Mexico's Sierra Madre Trend.
CorporateQuarterly Activities/Appendix 5B Cash Flow Report
June 2025 quarter exploration at the Copalquin District, Durango State, Mexico included first drilling at Target 2 (Las Brujas), where hole T2DH25-006 returned 11.5m @ 8.61 g/t gold and 57.6 g/t silver from 44.5m, including 0.85m @ 109.5 g/t gold, 325 g/t silver. At Target 1, hole MTH-LS25-20 cut 2.90m @ 9.06 g/t gold, 10.6 g/t silver from 339.6m, 120 metres down dip. Exploration spend was $2.675M
CorporateHigh-Grade Channel Sampling Results
Channel sampling at the Copalquin property in Durango State, Mexico returned 0.70 m at 57.8 g/t gold and 2,120 g/t silver from underground at the historic Santa Cruz mine in the newly defined Target 6, along with 0.70 m at 23.2 g/t gold and 755 g/t silver and 0.50 m at 27.9 g/t gold from surface sampling at La Maquina in Target 5. A first 5,000 metre drill program at Target 5 is scheduled to begin
Drill resultsCLOSING OF C$11.5 MILLION BROKERED PRIVATE PLACEMENT
A brokered private placement of 31,944,700 ordinary shares at C$0.36 per share closed for gross proceeds of C$11,500,092, including full exercise of the agents' option for an additional 4,166,700 shares. Ventum Financial Corp. acted as lead agent and sole bookrunner, receiving a 6.0% cash fee of C$690,005.52 and 1,916,682 compensation options exercisable at C$0.36 until July 24, 2027. Proceeds wil
FinancingMITHRIL ARRANGES UP TO C$11.5M PLACEMENT
A private placement of 27,778,000 common shares at C$0.36 per share to raise C$10,000,080 has been arranged, with Ventum Financial Corp. as lead agent and sole bookrunner, plus an agents' option for up to 4,166,700 additional shares for a further C$1,500,012, taking the maximum to 31,944,700 shares and up to C$11.5M. Proceeds will fund exploration and drilling at the Copalquin district project in
Financing$10 Million Brokered Private Placement
A brokered private placement of 27,778,000 common shares at C$0.36 per share for gross proceeds of C$10,000,080 has been agreed with Ventum Financial Corp. as lead agent and sole bookrunner, with an agents' option for up to an additional 15% exercisable before closing. Net proceeds will fund exploration and drilling at the Copalquin district project in Durango State, Mexico, plus working capital a
FinancingMTH EXTENDS 8 KM LONG HIGH-GRADE GOLD-SILVER SYSTEM
8 km long, 1,200 m vertical gold-silver system defined at the Copalquin Project in Durango State, Mexico, with Target 2 mineralisation extended 1,000 m WSW and Santa Cruz historic mine assays pending. Channel samples returned 1.00 m at 19.85 g/t gold and 270 g/t silver at Mina Constancia (T3), 0.90 m at 12.40 g/t gold and 820 g/t silver, and 0.50 m at 6.21 g/t gold and 265 g/t silver at Mina Lico
Drill resultsUpdated Investor Presentation
An updated June 2025 investor presentation covers the Copalquin district in Mexico, including the Target 1 maiden resource of Indicated 691 kt at 5.43 g/t gold and 114 g/t silver (121,000 oz gold, 2,538,000 oz silver) and Inferred 1,725 kt at 4.55 g/t gold and 152 g/t silver (252,000 oz gold, 8,414,000 oz silver). The company states it is fully funded for 35,000 m of drilling in 2025, with a secon
CorporateExploration Expansion Continues at the Copalquin District
Channel sampling at the newly developing Target 5 area of the 70 km² Copalquin property in Durango State, Mexico returned 0.5 m at 5.36 g/t gold and 706 g/t silver, 0.7 m at 4.64 g/t gold and 732 g/t silver, and 0.8 m at 2.84 g/t gold and 777 g/t silver. Mapping outlined multiple northwest-trending parallel veins up to 500 metres long within a 1.6 km wide corridor, 1.5 km southwest of the Target 1
Drill results