Northwire Canada EditionThursday, November 12, 2026
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Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7% Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7%
Drill Results

Mithril Silver And Gold December 2025 Quarterly Report Continued Exploration Success

Mithril Expands Footprint Beyond Core Resource as Target 5 Silver Success Validates District-Scale Ambitions

By The Northwire Desk — AI Analysis Jan 30, 2026 · 07:30 MSG · 0.5 Mithril Silver and Gold Limited
Executive Summary

The December 2025 Quarterly Activities and Cash Flow Report, released January 30, 2026, details significant operational progress at the Copalquin Gold-Silver Project in Durango, Mexico. Key highlights include the successful expansion of Target 1 mineralization by over 30% through drill holes MTH-RE25-44 (7.2m @ 2.78 g/t Au) and MTH-RE25-45 (8.03m @ 7.19 g/t Au). Maiden drilling at Target 5 (Apomal) confirmed a new silver-dominant system with intercepts including 2.75m @ 2.28 g/t Au. Furthermore, the company commenced drilling at Target 3 in January 2026. Corporate developments include the acquisition of the adjacent 2,052-hectare La Dura mining concessions for US$4 million over four years. Financially, Mithril maintained a cash position of A$14.1 million as of December 31, 2025, after an exploration expenditure of A$3.88 million for the quarter.

Material Impact

The most recent report is materially positive for three reasons: - Resource Expansion: The 30% strike expansion at Target 1 directly increases the volume of the upcoming Mineral Resource Estimate (MRE) update, likely moving the project closer to the "multi-million ounce" target management has signaled. - Validation of New Targets: Maiden success at Target 5 (Apomal) proves that mineralization is not limited to the original discovery area, validating the "district-scale" model across the 70km2 concession. - Strategic Land Accretion: The acquisition of La Dura for a relatively low upfront cost provides high-value optionality immediately adjacent to current operations, utilizing existing infrastructure.

MSG · Price
Company Overview

Mithril Silver and Gold is an explorer/developer focused on the Copalquin District in the Sierra Madre trend of Mexico. The project covers 70km2 containing over 100 historic underground mines. The flagship area is Target 1 (El Refugio-La Soledad), which hosts a high-grade epithermal system. The company aims to define a multi-million-ounce gold-silver resource suitable for conventional underground mining.

Read the original news release →

More from Mithril Silver and Gold Limited

Oct 30, 2026 · 07:30

Mithril confirms 700 metres of strike along narrow 0.5 to 1.15 metre intervals at its project.

Drill Results Oct 28, 2026 · 07:30

Mithril’s Copalquin Target 4 drilling yielded high-grade silver-gold, prompting the launch of a scoping study for the project.

Drill Results Aug 27, 2026 · 07:30

Mithril identified four new targets at Copalquin that are wider and higher-grade than the project's anchor discovery.

Resource Estimate Aug 17, 2026 · 15:50

Mithril files an administrative update for its Target 1 resource upgrade, confirming no new data was added to the deposit.

Resource Estimate Jul 31, 2026 · 07:30

Mithril’s Copalquin MRE upgrade boosts Indicated resources, though cash burn and price downtrends weigh on sentiment.

Resource Estimate Jun 30, 2026 · 07:31

Mithril Silver upgrades its target resource to 75% indicated status amid broader market pressures and exploration-stage valuation discounts.

Resource Estimate