Mithril Resources (ASX: MTH) — Company Overview, News & Financial Data
Mithril Resources is a precious metals exploration and development company focused on advancing gold and silver properties in Mexico.
Mithril Resources
Mithril Resources is a precious metals exploration and development company focused on advancing gold and silver properties in Mexico. Its flagship asset is the 70-square-kilometre Copalquin District in Durango, located within the Sierra Madre Occidental trend. The project hosts an epithermal silver-gold system with a high-grade mineral resource at Target 1, comprising both Indicated and Inferred categories, along with multiple district exploration targets. Additionally, the company holds the 20-square-kilometre La Dura property adjacent to Copalquin, which encompasses historic underground mine workings and mineralised trends undergoing systematic exploration and drilling.
Snapshot
Operations
Products and/or services of Mithril Resources
- Precious Metals Exploration: Systematic underground stope modelling, core drilling, and resource definition across epithermal silver and gold concessions spanning a 70-square-kilometre district in Durango, Mexico, containing 464,000 ounces of indicated gold equivalent.
- Resource Definition: Technical estimation and expansion of high-grade silver and gold mineral resources, incorporating metallurgical test work delivering 96 percent gold and 91 percent silver recoveries without base metal contamination.
- Concession Acquisition: Expansion of regional property footprint through contiguous 20-square-kilometre land acquisitions hosting historic four-level underground gold and silver mine workings, 18 shafts, 44 adits, and 134 prospecting pits along a 1.5-kilometre trend.
- District Drill Testing: Systematic exploration drilling targeting multiple epithermal vein zones across a 10-kilometre vent system, confirming a 550-metre mineralised strike length and evaluating over 100 historic underground mine workings.
- Remote Sensing Surveying: Application of high-resolution airborne LiDAR surveying and field geological mapping to identify unrecorded historic mine shafts, adits, surface pits, and structural trends across mountainous terrain in northern Mexico.
- Technical Evaluation: Underground mine shape optimization, stope constraint modelling, and diluted resource analysis to evaluate preliminary economic viability, mining recovery parameters, and processing infrastructure requirements for epithermal gold-silver deposits.
Mithril Resources executive team
- Mr. John S. Skeet AusIMM, BAppScMD, CEO & Executive Director
- Mr. Michael Richard Porter BBSChief Financial Officer
- Mr. Justyn Peter Stedwell B.Com.Company Secretary