Northwire Canada EditionThursday, July 16, 2026
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HWY 0.370 +0.0% FCI 0.350 −7.9% GGAU 0.180 −5.3% KIRO 0.640 +0.0% LBNK 0.430 +0.0% BARU 0.040 +0.0% VCU 1.08 −5.3% NOBL 0.100 +0.0% SHL 0.350 −1.4% MTS 0.130 +0.0% FYL 0.090 +0.0% NUAG 5.46 +0.2% CAM 0.330 −1.5% SYH 0.398 −1.9% LOT 0.040 +0.0% CPL 0.210 +10.5% HWY 0.370 +0.0% FCI 0.350 −7.9% GGAU 0.180 −5.3% KIRO 0.640 +0.0% LBNK 0.430 +0.0% BARU 0.040 +0.0% VCU 1.08 −5.3% NOBL 0.100 +0.0% SHL 0.350 −1.4% MTS 0.130 +0.0% FYL 0.090 +0.0% NUAG 5.46 +0.2% CAM 0.330 −1.5% SYH 0.398 −1.9% LOT 0.040 +0.0% CPL 0.210 +10.5%
Drill Results Material +

Mithril Lidar Study Reveals 1.5 Km Trend And Historic Mines At La Dura Gold-Silver Project, Durango, Mexico

Mithril Unlocks Historic Trends at La Dura as District-Scale Ambitions Move Beyond Flagship Copalquin

By The Northwire Desk — AI Analysis Feb 25, 2026 · 07:30 MSG · 0.355 Mithril Silver and Gold Limited
Executive Summary

The most recent news (February 25, 2026) details the results of a LiDAR survey at the newly acquired La Dura property in Durango, Mexico. The survey identified a significant 1.5 km long by 300m wide trend featuring 18 historic mine shafts, 44 adits, and 134 prospecting pits. This trend consists of five repeated structures and is now designated as a high-priority drill target. Concurrently, the company reported that Phase IV drilling at Target 1 (Copalquin) is nearing completion (expected within two months), and maiden drilling at Target 3 has successfully intercepted mineralized quartz veins at predicted depths.

Material Impact
  • Expansion of Pipeline: The identification of a 1.5 km trend at La Dura provides a concrete, large-scale exploration target outside of the primary Copalquin concessions. This validates the acquisition strategy of adding brownfield properties with historic production.
  • Target 3 De-risking: Intercepting mineralized structures at Target 3 at "predicted depths" confirms the accuracy of the company’s structural modeling, increasing the probability of resource growth in the eastern district.
  • Operational Momentum: The company is maintaining an aggressive pace with up to 25,000m of drilling planned for the first eight months of 2026, supported by a strong treasury (A$14.1M as of Jan 2026).
  • Resource Confidence: Continued success at Target 1 (Phase IV) suggests the upcoming Mineral Resource Estimate (MRE) update remains on track to potentially expand the existing 529koz AuEq maiden resource.
MSG · Price
Company Overview

Mithril Silver and Gold is focused on the Copalquin District in Durango, Mexico. The flagship project is the El Refugio-La Soledad (Target 1) area. - Maiden Resource (Nov 2021): 2.41Mt @ 4.80 g/t Au and 141 g/t Ag (529koz AuEq at 6.81 g/t AuEq). - Geology: Low-sulphidation epithermal system. - Ownership: Mithril holds an exclusive option to purchase 100% of the Copalquin concessions for US$10M by August 7, 2028.

Read the original news release →

More from Mithril Silver and Gold Limited

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 Jun 10, 2026 · 07:31

Mithril Silver & Gold reports high-grade gold-silver intersections at Target 1 ahead of a late-june resource update.

Drill Results May 12, 2026 · 07:30

Mithril drills bonanza-grade silver-gold at Refugio West, extending footprint 300m west before June resource update; stock hovers near year lows as funding overhang persists.

Drill Results Apr 28, 2026 · 22:01

Mithril Confirms High-Grade Target 5 Results, Cash Position Remains Strong Despite Exploration Spend

Drill Results Apr 09, 2026 · 07:31

“Copalquin’s high‑grade gold‑silver veins expand, bolstering the district‑scale play”

Drill Results Feb 11, 2026 · 07:30

Mithril Maps Out District Potential as Target 5 Extends Silver-Gold Footprint in Sierra Madre

Drill Results