Koulou Gold

Mithril Silver And Gold Continues to Deliver High-Grade Silver-Gold Results from Underground and Surface Channel Sampling

  • 57.8 G/T GOLD AND 2,120 G/T SILVER RETURNED FROM NEW TARGET 6 AREA
  • High-Grade Channel Sampling Results Inform New 2025 Drilling Plans 

Melbourne, Australia and Vancouver, Canada – TheNewswire – July 29th, 2025 - Mithril Silver and Gold Limited ("Mithril” or the "Company") (TSXV: MSG) (ASX: MTH) is pleased to provide more exploration results for multiple targets at Mithril’s district scale Copalquin property, Durango State, Mexico.

Highlights

  • New Target 6 high-grade assays received from channel sampling at historic Santa Cruz underground mine 

  • High-grade surface channel sampling continues to expand Target 5 ahead of first drilling mid-August 2025 

  • Mineralised corridors now cover 2 km x 8 km over 1,200 m elevation profile within the 70km mining concession area 

Backed by its recent capital raise, Mithril is fully funded to complete 45,000 metres of drilling over the next 12 months, with a third drill rig set to be added in early 2026 Highlight channel sample results from surface and underground at Targets 5 and 6

  • 0.70 m @ 57.8 g/t gold, 2,120 g/t silver (814673; underground, Santa Cruz Level 1, T6) 

  • 0.80 m @ 17.4 g/t gold, 603 g/t silver (814674; underground, Santa Cruz Level 1, T6) 

  • 0.50 m @ 8.42 g/t gold, 188 g/t silver (814669; underground, Santa Cruz Level 1, T6) 

  • 0.70 m @ 23.2 g/t gold, 755 g/t silver (814665; underground, Santa Cruz Level 2, T6) 

  • 0.50 m @ 28.1 g/t gold, 233 g/t silver (814681; underground, Santa Cruz Level 2, T6) 

  • 0.50 m @ 14.35 g/t gold, 584 g/t silver (814658; underground, Santa Cruz Level 2, T6) 

  • 0.70 m @ 9.06 g/t gold, 421 g/t silver (814664; underground, Santa Cruz Level 2, T6) 

  • 0.55 m @ 7.68 g/t gold, 437 g/t silver (814685; underground, Santa Cruz Level 2, T6) 

  • 0.80 m @ 7.11 g/t gold, 303 g/t silver (814657; underground, Santa Cruz Level 2, T6) 

  • 0.50 m @ 8.28 g/t gold, 77 g/t silver (814660; underground, Santa Cruz Level 2, T6) 

  • 0.50 m @ 27.9 g/t gold, 14 g/t silver (814239; surface, La Maquina, T5) 

  • 0.30 m @ 9.60 g/t gold, 608 g/t silver (814194; surface, La Cucaracha, T5) 

“The spectacular high-grade results from Target 6, including 57.8 g/t gold and 2,120 g/t silver over 0.7m, underscore the exceptional potential of the Copalquin District,” commented John Skeet, Managing Director & CEO. “Our talented team continues to uncover new mineralised zones across multiple targets, and the large system is rapidly expanding.

Additionally, with roads completed and drill pads in place at Target 5, we are prepared to launch aggressive drilling in August 2025. The consistent scale and high-grades we’re encountering across the district solidifies Copalquin as one of the most compelling emerging gold-silver camps in Mexico’s Sierra Madre trend. With strong backing from our recent equity raise, we’re strategically funded to unlock the full potential of the district through accelerated exploration.”

COPALQUIN GOLD-SILVER DISTRICT, DURANGO STATE, MEXICO

Figure 1 – Copalquin District location map, locations of mining and exploration activity and local infrastructure.

With 100 historic underground gold-silver mines and workings plus 198 surface workings/pits throughout 70km2 of mining concession area, Copalquin is an entire mining district with high-grade exploration results and a maiden JORC resource. To date there are several target areas in the district with one already hosting a high-grade gold-silver JORC mineral resource estimate (MRE) at the Target 1 area (El Refugio-La Soledad)1  and a NI 43-101 Technical Report filed on SEDAR+, supported by a conceptional underground mining study completed on the maiden resource in early 2022 and metallurgical test work (see ASX Announcement 25 February 2022). There is considerable strike and depth potential to increase the resource at El Refugio and at other target areas across the district, plus the underlying geologic system that is responsible for the widespread gold-silver mineralisation.

With the district-wide gold and silver occurrences and rapid exploration success, it is clear the Copalquin District is developing into another significant gold-silver district like the many other districts in this prolific Sierra Madre Gold-Silver Trend of Mexico.

Figure 2. LiDAR identified historic workings across the 70km2 district. Current drilling locations at Targets 1 and Zaragoza mine area, high priority drill target area of La Constancia-El Jabali (Target 3) and Target 5.  Several new areas highlighted across the district for follow-up work including recently sampled Target 6

Copalquin District Exploration Progress Update

Surficial and underground channel sampling at Target 3, 5 and 6 Areas have continued to deliver excellent results, with several channel samples intersecting high-grade gold and silver within broad, outcropping vein systems (Figures 2, 3).

Drilling is continuing at Target 1 ahead for the resource update for this target in the second half of 2025.

The second drill is currently completing a program of holes at the Zaragoza historic mine area near the eastern side of the Target 5 area before commencing the first 5,000 metre drill program at Target 5 in August 2025.

Figure 3. Property-wide channel sampling results for the middle and south district sections within ~50% of the 70 km2 mining concession area covering the Copalquin District

Target 6 is a recently defined zone located 1.4 km east of Target 3 (see Figure 3). Within the Target area lies the historic Santa Cruz mine which hosts east-west trending, subvertical mineralized quartz veins and northwest trending quartz breccias. Sampling of the underground workings has yielded numerous high-grade gold and silver listed below (see Figure 4), including 0.70 m @ 57.8 g/t gold, 2,120 g/t silver and 0.70 m @ 23.2 g/t gold, 755 g/t silver. Mapping and sampling of the Target 6 area is ongoing.

  • 0.70 m @ 57.8 g/t gold, 2,120 g/t silver (814673; underground, Santa Cruz Level 1) 

  • 0.70 m @ 23.2 g/t gold, 755 g/t silver (814665; underground, Santa Cruz Level 2) 

  • 0.50 m @ 28.1 g/t gold, 233 g/t silver (814681; underground, Santa Cruz Level 2) 

  • 0.80 m @ 17.4 g/t gold, 603 g/t silver (814674; underground, Santa Cruz Level 1) 

  • 0.50 m @ 14.35 g/t gold, 584 g/t silver (814658; underground, Santa Cruz Level 2) 

  • 0.70 m @ 9.06 g/t gold, 421 g/t silver (814664; underground, Santa Cruz Level 2) 

  • 0.55 m @ 7.68 g/t gold, 437 g/t silver (814685; underground, Santa Cruz Level 2) 

  • 0.80 m @ 7.11 g/t gold, 303 g/t silver (814657; underground, Santa Cruz Level 2) 

  • 0.50 m @ 8.42 g/t gold, 188 g/t silver (814669; underground, Santa Cruz Level 1) 

  • 0.50 m @ 8.28 g/t gold, 77 g/t silver (814660; underground, Santa Cruz Level 2) 

  • 0.50 m @ 3.94 g/t gold, 196 g/t silver (814683; underground, Santa Cruz Level 2) 

  • 0.90 m @ 4.50 g/t gold, 94.2 g/t silver (814659; underground, Santa Cruz Level 2) 

  • 0.70 m @ 1.78 g/t gold, 102 g/t silver (814687; underground, Santa Cruz Level 2) 

  • 0.50 m @ 2.18 g/t gold, 56.9 g/t silver (814679; underground, Santa Cruz Level 2) 

  • 0.50 m @ 1.45 g/t gold, 76.6 g/t silver (814663; underground, Santa Cruz Level 2) 

  • m @ 1.04 g/t gold, 64.1 g/t silver (814672; underground, Santa Cruz Level 1) 

Figure 4. Channel sample results at the newly developing Target 6 (Santa Cruz historic mine area)

Ongoing mapping at Target 5 — including the La Cucaracha, La Maquina, Apomal and Veta Azul— continues to identify additional vein systems and underground workings, significantly expanding the Target 5 area both along strike and across strike (Figure 5). Several of the mapped veins display good continuity, with some traceable for over 600 metres. The vein system is predominantly striking northwest-southeast with veins in the southwest of the target area dipping to the southwest and veins in the northeast dipping to the northeast (Figure 5). Target 5 veins mapped to date, are hosted in granodiorite and are situated at a lower elevation in the system at 650 – 900 m compared with the mineralised zones at Target 1 (900 – 1,150 m), Target 2 (1,500 - 1,700 m) and Target 6 (~1800 m).  

Figure 5. Channel sample results and vein traces in the Target 5 Area in the south west corner of the District

Surface and underground channel sampling continues to return anomalous gold and silver values, with numerous assay results still pending.

Complete sample results are presented in Table 2.

Significant gold and silver Target 5 channel sampling highlights include:

  • 0.50 m @ 27.9 g/t gold, 14 g/t silver (814239; surface, La Maquina) 

  • 0.30 m @ 9.60 g/t gold, 608 g/t silver (814194; surface, La Cucaracha) 

  • 0.20 m @ 2.02 g/t gold, 403 g/t silver (814198; surface, La Cucaracha) 

  • 0.50 m @ 3.54 g/t gold, 11.3 g/t silver (814212; surface, La Maquina) 

  • m @ 1.08 g/t gold, 162 g/t silver (814224; surface, La Maquina) 

  • 0.50 m @ 1.04 g/t gold, 158 g/t silver (814191; surface, La Cucaracha) 

  • 0.50 m @ 0.28 g/t gold, 143 g/t silver (814220; surface, La Maquina) 

Base metal sulphides have been observed in veins at La Maquina (Figure 5).

  • 1.00m @ 0.09 g/t gold, 70 g/t silver, 1.22 % Pb, 1.83 % Zn (814260; surface, La Maquina) 

An exploration road to the Target 5 area to provide access for drill pads is complete. Drilling is expected to commence in Target 5 in early August, 2025.

Mapping and sampling of Target 3, which includes the Jabali, Constancia, San Antonio, and Guadalupe mines, has revealed a network of mineralized veins (Figure 6). While many of these veins exhibit limited continuity, they occur in various orientations, with a dominant northwest strike over a cumulative strike length of 1km. Channel sampling from both surface and underground workings has returned numerous high-grade gold and silver values, highlighting the potential of the area. Notably, the Jabali mine hosts veins characterized by abundant amethyst, suggesting a distinct mineralogical signature that may be useful for further vectoring.

Mapping and sampling will continue in the area to fully develop drill targeting.

Complete sample results are presented in Table 2.

Significant gold and silver Target 3 channel sampling highlights include:

  • 0.70 m @ 1.41 g/t gold, 66.6 g/t silver (814587; surface, Jabali, T3) 

Figure 6. Channel sample results and vein traces in the Target 3 Area

ABOUT THE COPALQUIN GOLD SILVER PROJECT

The Copalquin mining district is located in Durango State, Mexico and covers an entire mining district of 70km2 containing several dozen historic gold and silver mines and workings, ten of which had notable production. The district is within the Sierra Madre Gold Silver Trend which extends north-south along the western side of Mexico and hosts many world-class gold and silver deposits.

Multiple mineralisation events, young intrusives thought to be system-driving heat sources, widespread alteration together with extensive surface vein exposures and dozens of historic mine workings, identify the Copalquin mining district as a major epithermal centre for Gold and Silver.

Within 15 months of drilling in the Copalquin District, Mithril delivered a maiden JORC mineral resource estimate demonstrating the high-grade gold and silver resource potential for the district. This maiden resource is detailed below (see ASX release 17 November 2021)^ and a NI 43-101 Technical Report filed on SEDAR+

  • Indicated 691 kt @5.43 g/t gold, 114 g/t silver for 121,000 oz gold plus 2,538,000 oz silver 

  • Inferred 1,725 kt @4.55 g/t gold, 152 g/t silver for 252,000 oz gold plus 8,414,000 oz silver  (using a cut-off grade of 2.0 g/t AuEq*)

  • 28.6% of the resource tonnage is classified as indicated 

Table 1. Mineral resource estimate El Refugio – La Soledad using a cut-off grade of 2.0 g/t AuEq*

 

Tonnes (kt)

Tonnes (kt)

Gold (g/t)

Silver (g/t)

Gold Eq.* (g/t)

Gold (koz)

Silver (koz)

Gold Eq.* (koz)

El Refugio

Indicated

691

5.43

114.2

7.06

121

2,538

157

 

Inferred

1,447

4.63

137.1

6.59

215

6,377

307

La Soledad

Indicated

-

-

-

-

-

-

-

 

Inferred

278

4.12

228.2

7.38

37

2,037

66

Total

Indicated

691

5.43

114.2

7.06

121

2,538

157

 

Inferred

1,725

4.55

151.7

6.72

252

8,414

372

*  In determining the gold equivalent (AuEq.) grade for reporting, a gold:silver price ratio of 70:1 was determined, using the formula: AuEq grade = Au grade + ((Ag grade/70) x (Ag recovery/Au recovery)). The metal prices used to determine the 70:1 ratio are the cumulative average prices for 2021: gold USD1,798.34 and silver: USD25.32 (actual is 71:1) from kitco.com.  At this early stage, the metallurgical recoveries were assumed to be equal (93%). Subsequent preliminary metallurgical test work produced recoveries of 91% for silver and 96% for gold (ASX Announcement 25 February 2022) and these will be used when the resource is updated in the future.   In the Company’s opinion there is reasonable potential for both gold and silver to be extracted and sold.

^ The information in this report that relates to Mineral Resources or Ore Reserves is based on information provided in the following ASX announcement: 17 Nov 2021 - MAIDEN JORC RESOURCE 529,000 OUNCES @ 6.81G/T (AuEq*), which includes the full JORC MRE report, also available on the Mithril Resources Limited Website.

The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.

Mining study (conceptual) and metallurgical test work supports the development of the El Refugio-La Soledad resource with conventional underground mining methods indicated as being appropriate and with high gold-silver recovery to produce metal on-site with conventional processing.

Mithril is currently exploring in the Copalquin District to expand the resource footprint, demonstrating its multi-million-ounce gold and silver potential.  Mithril has an exclusive option to purchase 100% interest in the Copalquin mining concessions by paying US$10M on or any time before 7 August 2028.

Released with the authority of the Board.

For further information contact:

John Skeet

Managing Director and CEO

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+61 435 766 809

NIKLI COMMUNICATIONS

Corporate Communications

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Competent Persons Statement - JORC

The information in this announcement that relates to metallurgical test results, mineral processing and project development and study work has been compiled by Mr John Skeet who is Mithril’s CEO and Managing Director. Mr Skeet is a Fellow of the Australasian Institute of Mining and Metallurgy. This is a Recognised Professional Organisation (RPO) under the Joint Ore Reserves Committee (JORC) Code.

Mr Skeet has sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Skeet consents to the inclusion in this report of the matters based on information in the form and context in which it appears. The Australian Securities Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.

The information in this announcement that relates to sampling techniques and data, exploration results and geological interpretation for Mithril’s Mexican project, has been compiled by Mr Patrick Loury who is Mithril’s Project Consultant. Mr Loury is a member of the American Institute of Professional Geologists and a Certified Professional Geologist (CPG). This is a Recognised Professional Organisation (RPO) under the Joint Ore Reserves Committee (JORC) Code.

 Mr Loury has sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Loury consents to the inclusion in this report of the matters based on information in the form and context in which it appears.

The information in this announcement that relates to Mineral Resources is reported by Mr Rodney Webster, Principal Geologist at AMC Consultants Pty Ltd (AMC), who is a Member of the Australasian Institute of Mining and Metallurgy. The report was peer reviewed by Andrew Proudman, Principal Consultant at AMC. Mr Webster is acting as the Competent Person, as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, for the reporting of the Mineral Resource estimate. A site visit was carried out by Jose Olmedo a geological consultant with AMC, in September 2021 to observe the drilling, logging, sampling and assay database. Mr Webster consents to the inclusion in this report of the matters based on information in the form and context in which it appears

The Australian Securities Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.

Qualified Persons – NI 43-101

Scientific and technical information in this Report has been reviewed and approved by Mr John Skeet (FAUSIMM, CP) Mithril’s Managing Director and Chief Executive Officer. Mr John Skeet is a qualified person within the meaning of NI 43-101.

Table 2. Complete list of surface and underground sample sssay results reported in this announcement

Sample

Easting

Northing

Elevation

Sample Type

Target

Location

Width m

Au ppm

Ag ppm

AuEq* ppm

814581

293074

2824214

1504

Surface

3

Los Riscos

0.50

0.04

1.1

0.06

814582

293140

2824278

1531

Surface

3

Los Riscos

0.65

0.06

1.5

0.08

814583

293140

2824278

1531

Surface

3

Los Riscos

0.75

0.19

3.9

0.25

814584

293140

2824278

1531

Surface

3

Los Riscos

0.60

0.04

1.2

0.06

814585

293140

2824278

1531

Surface

3

Los Riscos

0.70

0.03

1.8

0.06

814586

293162

2824334

1535

Surface

3

Los Riscos

0.50

0.03

0.7

0.04

814587

292343

2824643

1360

Surface

3

El Jabalí W

0.70

1.41

66.6

2.36

814588

292338

2824634

1375

Surface

3

El Jabalí W

0.95

0.95

26.7

1.33

814589

293098

2824309

1547

Surface

3

Los Riscos

0.75

1.09

43.2

1.70

814591

293077

2824325

1561

Surface

3

Los Riscos

0.50

0.03

1.3

0.05

814185

287837

2822605

772

Surface

5

La Cucaracha

0.50

0.02

3.2

0.07

814186

287787

2822602

674

Surface

5

La Cucaracha

0.70

0.22

24.1

0.57

814188

287786

2822602

851

Surface

5

La Cucaracha

0.50

0.01

0.5

0.02

814190

287667

2822626

781

Surface

5

La Cucaracha

0.50

0.03

4.6

0.10

814191

287637

2822630

804

Surface

5

La Cucaracha

0.50

1.04

158.0

3.30

814192

287709

2822521

838

Surface

5

La Cucaracha

0.50

0.04

3.2

0.08

814194

287703

2822518

832

Surface

5

La Cucaracha

0.30

9.60

608.0

18.29

814195

287846

2822431

851

Surface

5

La Cucaracha

0.30

0.05

14.0

0.25

814196

287858

2822426

811

Surface

5

La Cucaracha

0.30

0.07

30.5

0.51

814197

287875

2822417

808

Surface

5

La Cucaracha

0.30

0.20

23.7

0.54

814198

287894

2822412

823

Surface

5

La Cucaracha

0.20

2.02

403.0

7.78

814199

287901

2822405

812

Surface

5

La Cucaracha

0.50

0.06

4.6

0.12

814201

287968

2822344

809

Surface

5

La Cucaracha

0.50

0.01

1.0

0.03

814536

292798

2823755

1230

Surface

3

Target 3

1.00

0.04

0.6

0.05

814537

292798

2823756

1230

Surface

3

Target 3

1.00

0.01

0.5

0.02

814538

292797

2823757

1230

Surface

3

Target 3

1.20

0.01

0.5

0.01

814539

292860

2823830

1249

Surface

3

Target 3

0.50

0.01

0.5

0.01

814541

292862

2823828

1250

Surface

3

Target 3

0.90

0.01

0.5

0.01

814542

292862

2823826

1250

Surface

3

Target 3

0.60

0.02

0.5

0.03

814543

292653

2823836

1255

Surface

3

Target 3

0.50

0.01

0.5

0.01

814544

292383

2823798

1259

Surface

3

Target 3

0.60

0.09

15.6

0.31

814545

292054

2823921

1207

Surface

3

Target 3

1.00

0.01

2.0

0.04

814546

292067

2823936

1206

Surface

3

Target 3

0.50

0.08

16.1

0.31

814202

288943

2822716

729

Surface

5

La Maquina

0.90

0.17

6.5

0.26

814203

288939

2822726

684

Surface

5

La Maquina

1.00

0.05

0.6

0.06

814204

288938

2822725

684

Surface

5

La Maquina

1.00

0.02

1.1

0.03

814205

288938

2822724

684

Surface

5

La Maquina

1.00

0.02

0.9

0.03

814206

288937

2822724

684

Surface

5

La Maquina

1.00

0.01

0.5

0.02

814207

288947

2822800

711

Surface

5

La Maquina

0.50

0.01

0.5

0.02

814208

288955

2822759

731

Surface

5

La Maquina

0.50

0.02

0.5

0.03

814209

288957

2822758

731

Surface

5

La Maquina

0.50

0.01

0.5

0.02

814210

288947

2822759

745

Surface

5

La Maquina

0.70

0.01

1.1

0.02

814211

288947

2822758

745

Surface

5

La Maquina

0.70

0.01

1.2

0.03

814212

288951

2822842

747

Surface

5

La Maquina

0.50

3.54

11.3

3.70

814213

288957

2822851

745

Surface

5

La Maquina

0.50

0.20

2.6

0.23

814214

288821

2822970

732

Surface

5

La Maquina

0.50

0.01

0.5

0.01

814215

288819

2822963

729

Surface

5

La Maquina

0.80

0.03

2.6

0.07

814216

288742

2822997

762

Surface

5

La Maquina

0.80

0.02

6.0

0.10

814217

288720

2822992

733

Surface

5

La Maquina

0.50

0.03

5.1

0.10

814218

288799

2822898

743

Surface

5

La Maquina

0.80

0.02

0.5

0.03

814219

288802

2822900

743

Surface

5

La Maquina

0.50

0.01

0.8

0.02

814220

288802

2822912

723

Surface

5

La Maquina

0.50

0.28

143.0

2.32

814221

288813

2822915

712

Surface

5

La Maquina

1.00

0.01

1.0

0.03

814223

288814

2822916

712

Surface

5

La Maquina

1.00

0.01

0.6

0.02

814224

288814

2822917

712

Surface

5

La Maquina

1.00

1.08

162.0

3.39

814226

288817

2822935

658

Surface

5

La Maquina

0.50

0.86

93.3

2.20

814228

288815

2822939

720

Surface

5

La Maquina

0.80

0.07

16.2

0.30

814229

288816

2822940

720

Surface

5

La Maquina

0.80

0.16

26.2

0.54

814230

288816

2822940

720

Surface

5

La Maquina

0.80

0.01

2.4

0.05

814231

288798

2822807

635

Surface

5

La Maquina

0.50

0.02

1.6

0.04

814232

288898

2822786

727

Surface

5

La Maquina

0.50

0.06

11.4

0.22

814233

288900

2822774

686

Surface

5

La Maquina

0.60

0.05

1.6

0.07

814234

288631

2823197

822

Surface

5

La Maquina

0.50

0.02

0.5

0.02

814235

288512

2823155

825

Surface

5

La Maquina

0.50

0.01

2.5

0.04

814236

288599

2823120

799

Surface

5

La Maquina

0.50

0.01

0.5

0.02

814237

288602

2823113

798

Surface

5

La Maquina

0.70

0.01

0.5

0.02

814238

288577

2823092

780

Surface

5

La Maquina

1.00

0.01

0.6

0.02

814239

288575

2823091

780

Surface

5

La Maquina

0.50

27.90

14.0

28.10

814240

288559

2823031

765

Surface

5

La Maquina

0.50

0.01

0.7

0.02

814241

288579

2822957

749

Surface

5

La Maquina

0.50

0.17

3.5

0.22

814242

289183

2822777

796

Surface

5

La Maquina

0.50

0.05

1.2

0.07

814243

289185

2822775

796

Surface

5

La Maquina

0.50

0.01

1.3

0.03

814244

289205

2822744

795

Surface

5

La Maquina

1.00

0.08

6.2

0.16

814245

289206

2822745

795

Surface

5

La Maquina

1.00

0.02

1.1

0.03

814246

289206

2822746

795

Surface

5

La Maquina

1.00

0.01

2.1

0.04

814247

289207

2822747

795

Surface

5

La Maquina

1.00

0.02

2.7

0.06

814248

289207

2822747

795

Surface

5

La Maquina

1.00

0.01

3.0

0.05

814249

289208

2822748

795

Surface

5

La Maquina

1.00

0.01

0.8

0.02

814251

289204

2822754

794

Surface

5

La Maquina

1.00

0.02

1.0

0.03

814253

289205

2822755

794

Surface

5

La Maquina

1.00

0.01

0.5

0.02

814254

289205

2822756

794

Surface

5

La Maquina

1.00

0.03

1.0

0.05

814255

289216

2822717

781

Surface

5

La Maquina

1.00

0.01

6.2

0.10

814256

289215

2822716

781

Surface

5

La Maquina

1.00

0.01

3.7

0.06

814257

289215

2822715

781

Surface

5

La Maquina

1.00

0.02

15.8

0.24

814258

289213

2822698

779

Surface

5

La Maquina

0.90

0.05

10.4

0.20

814259

289213

2822698

779

Surface

5

La Maquina

0.90

0.07

16.3

0.30

814260

289237

2822676

811

Surface

5

La Maquina

1.00

0.09

70.0

1.09

814261

289239

2822674

811

Surface

5

La Maquina

1.00

0.04

11.9

0.21

814547

292075

2823871

1225

Surface

3

2L2

1.00

0.01

0.7

0.02

814548

292076

2823871

1225

Surface

3

2L2

1.00

0.01

0.6

0.02

814549

292077

2823870

1225

Surface

3

2L2

0.80

0.01

0.5

0.01

814651

292085

2823868

1230

Surface

3

2L2

1.00

0.01

0.5

0.01

814652

292086

2823868

1231

Surface

3

2L2

1.00

0.01

0.5

0.02

814653

292086

2823868

1232

Surface

3

2L2

0.50

0.01

0.5

0.02

814654

292072

2823896

1210

Surface

3

2L2

1.00

0.02

0.6

0.02

814655

292025

2823829

1213

Surface

3

2L2

0.80

0.01

1.6

0.03

814656

292050

2823801

1239

Surface

3

2L2

0.50

0.01

1.0

0.03

814657

294623

2824704

1785

Underground

6

Santa Cruz Nivel 2

0.80

7.11

303.0

11.44

814658

294623

2824703

1785

Underground

6

Santa Cruz Nivel 2

0.50

14.35

584.0

22.69

814659

294620

2824704

1784

Underground

6

Santa Cruz Nivel 2

0.90

4.50

94.2

5.85

814660

294609

2824707

1791

Underground

6

Santa Cruz Nivel 2

0.50

8.28

77.0

9.38

814661

294609

2824707

1792

Underground

6

Santa Cruz Nivel 2

0.70

0.48

19.4

0.76

814662

294609

2824708

1792

Underground

6

Santa Cruz Nivel 2

1.10

0.21

4.0

0.27

814663

294609

2824709

1791

Underground

6

Santa Cruz Nivel 2

0.50

1.45

76.6

2.54

814664

294612

2824709

1790

Underground

6

Santa Cruz Nivel 2

0.70

9.06

421.0

15.07

814665

294610

2824709

1793

Underground

6

Santa Cruz Nivel 2

0.70

23.20

755.0

33.99

814666

294618

2824708

1796

Underground

6

Santa Cruz Nivel 1

0.50

0.32

15.9

0.55

814667

294617

2824708

1797

Underground

6

Santa Cruz Nivel 1

0.50

0.09

4.8

0.15

814668

294617

2824708

1797

Underground

6

Santa Cruz Nivel 1

1.20

0.07

2.1

0.10

814669

294617

2824707

1797

Underground

6

Santa Cruz Nivel 1

0.50

8.42

188.0

11.11

814670

294617

2824706

1797

Underground

6

Santa Cruz Nivel 1

0.50

0.34

15.0

0.55

814671

294611

2824708

1796

Underground

6

Santa Cruz Nivel 1

0.60

0.40

16.1

0.63

814672

294610

2824708

1796

Underground

6

Santa Cruz Nivel 1

1.00

1.04

64.1

1.96

814673

294609

2824708

1796

Underground

6

Santa Cruz Nivel 1

0.70

57.80

2120.0

88.09

814674

294606

2824708

1796

Underground

6

Santa Cruz Nivel 1

0.80

17.40

603.0

26.01

814676

294587

2824714

1788

Underground

6

Santa Cruz Nivel 1

1.00

0.09

6.0

0.18

814677

294588

2824714

1788

Underground

6

Santa Cruz Nivel 1

1.00

0.16

8.0

0.28

814678

294590

2824713

1788

Underground

6

Santa Cruz Nivel 1

0.50

0.40

38.1

0.95

814679

294569

2824693

1771

Underground

6

Santa Cruz Nivel 2

0.50

2.18

56.9

2.99

814681

294568

2824693

1171

Underground

6

Santa Cruz Nivel 2

0.50

28.10

233.0

31.43

814682

294601

2824710

1785

Underground

6

Santa Cruz Nivel 2

0.90

0.13

3.7

0.18

814683

294600

2824710

1786

Underground

6

Santa Cruz Nivel 2

0.50

3.94

196.0

6.74

814684

294600

2824709

1786

Underground

6

Santa Cruz Nivel 2

1.00

0.21

4.6

0.28

814685

294591

2824712

1787

Underground

6

Santa Cruz Nivel 2

0.55

7.68

437.0

13.92

814686

294584

2824716

1787

Underground

6

Santa Cruz Nivel 2

0.60

0.20

9.8

0.34

814687

294584

2824716

1787

Underground

6

Santa Cruz Nivel 2

0.70

1.78

102.0

3.23

814688

294584

2824715

1787

Underground

6

Santa Cruz Nivel 2

0.60

0.50

26.6

0.88

  

JORC Code, 2012 Edition – Table 1  

Section 1. Sampling Techniques and Data

Criteria

JORC Code explanation

Commentary

Sampling techniques

  • Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. 

  • Include reference to measures taken to ensure sample representativity and the appropriate calibration of any measurement tools or systems used. 

  • Aspects of the determination of mineralisation that are Material to the Public Report. 

  • In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information. 

  • Drill core samples are cut lengthwise with a diamond saw. Intervals are nominally 1 m but may vary between 0.5 m to 1.5 m based on geologic criteria. 

  • The same side of the core is always sent to sample (left side of saw). 

  • Reported intercepts are calculated as either potentially underground mineable (100m down hole) or as potentially open-pit mineable (near surface). 

  • Potentially underground mineable intercepts are calculated as length weighted averages of material greater than or equal to 1 g/t AuEQ_70 allowing up to 2m of internal dilution. 

  • Potentially open-pit mineable intercepts are calculated as length weighted averages of material greater than or equal to 0.25 g/t AuEQ_70 allowing for up to 2m of internal dilution. 

  • Rock Sawn Channel samples underground and surface are collected with the assistance of a handheld portable saw. The channels are 2.5 to 3cm deep and 6-8 cm wide along continuous lines oriented perpendicular to the mineralized structure. The samples are as representative as possible  

  • Rock Sawn Channel surface samples were surveyed with a Handheld GPS then permanently mark with an aluminium tag and red colour spray across the strike of the outcrop over 1 metre. Samples are as representative as possible 

  • Rock Sawn Channel underground samples were located after a compass and tape with the mine working having a surveyed control point at the portal, then permanently marked with an aluminium tag and red colour spray oriented perpendicular to the mineralized structure. Samples are as representative as possible 

  • Soil sampling has been carried out by locating pre-planned points by handheld GPS and digging to below the first colour-change in the soil (or a maximum of 50 cm). In the arid environment there is a 1 – 10 cm organic horizon and a 10 – 30 cm B horizon above the regolith. Samples are sieved to -80 mesh in the field. Samples are collected on a 20 m x 50 m grid or every 20 m on N–S lines 50 m apart. These samples are considered representative of the medium being sampled and lines are appropriately oriented to the nearly E–W structural trend. 

Drilling techniques

  • Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc). 

  • Drilling is done with MP500 man-portable core rigs capable of drilling HQ size core to depths of 350-400m (depending on ground conditions), reducing to NQ size core for greater depths. Core is recovered in a standard tube. 

Drill sample recovery

  • Method of recording and assessing core and chip sample recoveries and results assessed. 

  • Measures taken to maximise sample recovery and ensure representative nature of the samples. 

  • Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. 

  • Drill recovery is measured based on measured length of core divided by length of drill run. 

  • Recovery in holes CDH-001 through CDH-025 and holes CDH-032 through CDH-077 was always above 90% in the mineralized zones. Detailed core recovery data are maintained in the project database. 

  • Holes CDH-026 through CDH-031 had problems with core recovery in highly fractured, clay rich breccia zones. 

  • There is no adverse relationship between recovery and grade identified to date. 

Logging

  • Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. 

  • Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. 

  • The total length and percentage of the relevant intersections logged. 

  • Geotechnical and geological   logging of the drill core takes place on racks in the company core shed. 

  • Core samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. 

 
  • Core logging is both qualitative or quantitative in nature. Photos are taken of each box of core before samples are cut. Photos of cut core intervals are taken after sampling. Core is wetted to improve visibility of features in the photos. 

  • All core has been logged and photographed.  

  • Rock sawn channel samples are marked, measured and photographed at location 

  • Soil samples are recorded at location, logged and described 

Sub-sampling techniques and sample preparation

  • If core, whether cut or sawn and whether quarter, half or all core taken. 

  • If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. 

  • For all sample types, the nature, quality and appropriateness of the sample preparation technique. 

  • Quality control procedures adopted for all sub-sampling stages to maximise representativity of samples. 

  • Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling. 

  • Whether sample sizes are appropriate to the grain size of the material being sampled. 

  • Core is sawn and half core is taken for sample. 

 
  • Samples are prepared using ALS Minerals Prep-31 crushing, splitting and pulverizing. This is appropriate for the type of deposit being explored. 

 
  • Visual review to assure that the cut core is ½ of the core is performed to assure representativity of samples. 

 
  • Crushed core duplicates are split/collected by the laboratory and submitted for assay (1 in 30 samples) 

  • Sample sizes are appropriate to the grain size of the material being sampled. 

  • Rock sawn channel samples and soil samples are prepared using ALS Minerals Prep-31 crushing, splitting and pulverizing. This is appropriate for the type of deposit being explored. 

 

Quality of assay data and laboratory tests

  • The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. 

  • For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. 

  • Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established. 

  • Samples are assayed for gold using ALS Minerals Au-AA25 method a 30 g fire assay with an AA finish. This is considered a total assay technique. 

 
  • Samples are assayed for silver using ALS Minerals ME-ICP61 method. Over limits are assayed by AgOG63 and AgGRAV21. These are considered a total assay technique. 

  • Standards and blanks are inserted at a rate of one per every 25 samples and one per every 40 samples, respectively.  Pulp duplicate sampling is undertaken for 3% of all samples (see above).  External laboratory checks will be conducted as sufficient samples are collected. Levels of accuracy (ie lack of bias) and precision have not yet been established. 

  • Certified Reference Materials – Rock Labs and CDN CRMs have been used throughout the project including, low (~2 g/t Au), medium (~9 g/t Au) and high (~18g/t Au and ~40 g/t Au). Results are automatically checked on data import into the BEDROCK database to fall within 2 standard deviations of the expected value.  

  • Samples with significant amounts of observed visible gold are also assayed by AuSCR21, a screen assay that analyses gold in both the milled pulp and in the residual oversize from pulverization. This has been done for holes CDH-075 and CDH-077. 

 

Verification of sampling and assaying

  • The verification of significant intersections by either independent or alternative company personnel. 

  • The use of twinned holes. 

  • Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. 

  • Discuss any adjustment to assay data. 

  • The verification of significant intersections by either independent or alternative company personnel has not been conducted. A re-assay program of pulp duplicates is currently in progress. 

  • MTH has drilled one twin hole. Hole CDH-072, reported in the 15/6/2021 announcement, is a twin of holes EC-002 and UC-03. Results are comparable. 

  • Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols are maintained in the company’s core facility. 

  • Assay data have not been adjusted other than applying length weighted averages to reported intercepts. 

Location of data points

  • Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. 

  • Specification of the grid system used. 

  • Quality and adequacy of topographic control. 

  • Drill collar coordinates are currently located by handheld GPS. Precise survey of hole locations is planned. Downhole surveys of hole deviation are recorded using a Reflex Multishot tool for all holes.  A survey measurement is first collected at 15 meters downhole, and then every 50 meters until the end of the hole. Locations for holes CDH-001 through CDH-048 and CDH-051 through CDH-148 have been surveyed with differential GPS to a sub 10 cm precision. Hole CDH-005 was not surveyed 

  • UTM/UPS WGS 84 zone 13 N 

  • High quality topographic control from LiDAR imagery and orthophotos covers the entire project area. 

Data spacing and distribution

  • Data spacing for reporting of Exploration Results. 

  • Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. 

  • Whether sample compositing has been applied. 

  • Data spacing is appropriate for the reporting of Exploration Results. 

  • The Resource estimation re-printed in this announcement was originally released on 17 Nov 2021 

  • No sample compositing has been applied. 

Orientation of data in relation to geological structure

  • Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. 

  • If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material. 

  • Cut lines are marked on the core by the geologists to assure that the orientation of sampling achieves unbiased sampling of possible structures. This is reasonably well observed in the core and is appropriate to the deposit type. 

  • The relationship between the drilling orientation and the orientation of key mineralised structures is not considered to have introduced a sampling bias. 

  • Rock sawn channel samples are cut perpendicular to the observed vein orientation wherever possible 

Sample security

  • The measures taken to ensure sample security. 

  • Samples are stored in a secure core storage facility until they are shipped off site by small aircraft and delivered directly to ALS Global. 

Audits or reviews

  • The results of any audits or reviews of sampling techniques and data. 

  • A review with spot checks was conducted by AMC in conjunction with the resource estimate published 17 Nov 2021. Results were satisfactory to AMC. 

 

Section 2. Reporting of Exploration Results

Criteria

JORC Code explanation

Commentary

Mineral tenement and land tenure status

  • Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. 

  • The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area. 

  • Concessions at Copalquin 

 

No.

Concession

Concession Title number

Area (Ha)

Location

1

LA SOLEDAD

52033

6

Tamazula, Durango, Mexico

2

EL COMETA

164869

36

Tamazula, Durango, Mexico

3

SAN MANUEL

165451

36

Tamazula, Durango, Mexico

4

COPALQUIN

178014

20

Tamazula, Durango, Mexico

5

EL SOL

236130

6,000

Tamazula, Durango and Badiraguato, Sinaloa, México

6

EL CORRAL

236131

907.3243

Tamazula, Durango and Badiraguato, Sinaloa, México

  •  

Exploration done by other parties

  • Acknowledgment and appraisal of exploration by other parties. 

  • Previous exploration by Bell Coast Capital Corp. and UC Resources was done in the late 1990’s and in 2005 – 2007. Work done by these companies is historic and non-JORC compliant. Mithril uses these historic data only as a general guide and will not incorporate work done by these companies in resource modelling. 

  • Work done by the Mexican government and by IMMSA and will be used for modelling of historic mine workings which are now inaccessible (void model)  

Geology

  • Deposit type, geological setting and style of mineralisation. 

  • Copalquin is a low sulfidation epithermal gold-silver deposit hosted in andesite. This deposit type is common in the Sierra Madre Occidental of Mexico and is characterized by quartz veins and stockworks surrounded by haloes of argillic (illite/smectite) alteration. Veins have formed as both low-angle semi-continuous lenses parallel to the contact between granodiorite and andesite and as tabular veins in high-angle normal faults. Vein and breccia thickness has been observed up to 30 meters wide with average widths on the order of 3 to 5 meters. The overall strike length of the semi-continuous mineralized zone from El Gallo to Refugio, Cometa, Los Pinos, Los Reyes, La Montura to Constancia is almost 6 kilometres. The southern area from Apomal to San Manuel and to Las Brujas-El Peru provides additional exploration potential up to 5km. 

Drill hole Information

  • A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:  

  • easting and northing of the drill hole collar
    • elevation or RL (Reduced Level – elevation above
     

  • sea level in metres) of the drill hole collar  

  • dip and azimuth of the hole  

  • down hole length and interception depth  

  • hole length.  

  • If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case. 

 

No drilling results in this announcement

Data aggregation methods

  • In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated. 

  • Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. 

  • The assumptions used for any reporting of metal equivalent values should be clearly stated. 

  • Potentially underground mineable intercepts are calculated as length weighted averages of material greater than or equal to 1 g/t AuEQ_70 allowing up to 2m of internal dilution. 

  • Potentially open-pit mineable intercepts are calculated as length weighted averages of material greater than or equal to 0.25 g/t AuEQ_70 allowing for up to 2m of internal dilution. 

  • No upper cut-off is applied to reporting intercepts. 

  • Length weighted averaging is used to report intercepts. The example of CDH-002 is shown. The line of zero assays is a standard which was removed from reporting. 

Au

Raw

Ag

raw

Length

(m)

Au

*length

Ag

*length

         

7.51

678

0.5

3.755

339

         

11.85

425

0.55

6.5175

233.75

         
0 0 0 0 0          

0.306

16

1

0.306

16

         

0.364

31.7

1

0.364

31.7

         

3.15

241

0.5

1.575

120.5

         

10.7

709

0.5

5.35

354.5

         

15.6

773

0.5

7.8

386.5

         
         

From

To

Length

Au gpt

Ag gpt

   

4.55

25.667

1481.9

91.95

96.5

4.55

5.64

325.7

 
  • In determining the gold equivalent (AuEq.) grade for reporting, a gold:silver price ratio of 70:1 was determined, using the formula: AuEq grade = Au grade + ((Ag grade/70) x (Ag recovery/Au recovery)). The metal prices used to determine the 70:1 ratio are the cumulative average prices for 2021: gold USD1,798.34 and silver: USD25.32 (actual is 71:1) from kitco.com  At this early stage, the metallurgical recoveries are assumed to be equal. Subsequent preliminary metallurgical test work produced recoveries of 91% for silver and 96% for gold (ASX Announcement 25 February 2022). 

  • For Rock Saw Channel Sampling and soil sampling in the Copalquin District, AgEq is determined using the formula: AgEq grade = Ag grade + ((Au grade x 70) x (Au recovery/Ag recovery)). The metal prices used to determine the 70:1 ratio are the cumulative average prices for 2021: gold USD1,798.34 and silver: USD25.32 (actual is 71:1) fromkitco.com   At this early stage, the metallurgical recoveries for Au and Ag are assumed to be equal in the absence of metallurgical test work for Targets 2, 3, 4 and 5 material. In the Company’s opinion there is reasonable potential for both gold and silver to be extracted and sold. 

Relationship between mineralisation widths and intercept lengths

  • These relationships are particularly important in the reporting of Exploration Results. 

  • If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. 

  • If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg ‘down hole length, true width not known’). 

  • True widths at Refugio between sections 120 and 1,000 vary according to the hole’s dip. Holes drilled at -50 degrees may be considered to have intercept lengths equal to true-widths, Holes drilled at -70 degrees had true widths approximately 92% of the reported intercept lengths and holes drilled at -90 degrees had true widths of 77% of the reported intercept lengths.  

  • True widths at La Soledad are not fully understood and downhole intercepts to date, are reported. 

  • At Las Brujas in Target 2, true widths are not yet known since we are still in the early stages of target definition. 

  • Rock sawn channel samples are cut perpendicular to the observed vein orientation wherever possible 

Diagrams

  • Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported. These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views. 

See figures in announcement

Balanced reporting

  • Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results. 

  • All exploration results are reported for intercepts greater than or equal to 0.1 g/t gold equivalent (gold plus silver at 70:1 price ratio for gold:silver). 

Other substantive exploration data

  • Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances. 

  • No additional exploration data are substantive at this time. 

  • Metallurgical test work on drill core composite made of crushed drill core from the El Refugio drill hole samples has been conducted. 

  • The samples used for the test work are representative of the material that makes up the majority of the Maiden Resource Estimate for El Refugio release on 17th November 2021. 

  • The test work was conducted by SGS laboratory Mexico using standard reagents and test equipment. 

Further work

  • The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling). 

  • Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive. 

  • The Company drilled 148 diamond core holes from July 2020 to July 2022 for 32,712 m.  The Company has stated its target to drill 40,000m from June 2024 until the end of 2025. 

  • Diagrams are included in the announcements and presentations showing the drill target areas within the Copalquin District 

1 See ‘About Copalquin Gold Silver Project’ section for JORC MRE details and AuEq. calculation.

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DISTRICT METALS (TSX.V: DMX)

District Metals

District Metals is led by industry professionals with a track record of success in the mining industry. The company's Viken property covers 100% of the Viken deposit, which is amongst the largest deposits by total historic mineral... LEARN MORE