en.Wedoany.com Reported - Mithril Silver and Gold Limited announced progress in its district-scale drilling program at the Copalquin project in Durango, Mexico, providing key data for the mineral resource estimate (MRE) update scheduled for the end of June 2026.

The company has completed the final six drill holes in the western extension area of El Refugio and two additional holes in the southeastern sector of the La Soledad block. Three drill holes at El Refugio intercepted high-grade silver-gold mineralization, with hole RE26-013 reporting a 7.25-meter interval grading 4.01 g/t gold and 225.1 g/t silver (7.22 g/t gold equivalent). Drilling at the La Soledad vein also yielded high-grade results, with hole LS26-007 showing a 3.25-meter interval grading 5.23 g/t gold and 30.5 g/t silver, expanding the mineral resource defined in 2021.

James Barr, Vice President of Exploration at Mithril, stated that the continued success at El Refugio has defined a northwest-plunging mineralized structure that remains open. New detailed modeling identified a post-mineralization dike system that previously masked the continuity of the structure, and recent drilling confirmed that mineralization maintains similar grades and thicknesses within this dike. Mithril continues to advance its exploration program this year, having drilled 11,238 meters of a planned total of 25,000 meters, which is expected to be completed within the first eight months of 2026. The company's second-half objective is to extend surface mapping to the northern area of the 70 km² project and conduct expansion drilling on unexplored priority targets.

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