Category: Exploration and Development

Mithril Silver and Gold Limited (ASX:MTH, TSXV:MSG) reports high-grade intercepts at Target 1 (La Soledad), Copalquin, Mexico: 4.95m @ 20.5 g/t Au, 1,833 g/t Ag (incl. 0.55m @ 110 g/t Au, 7,530 g/t Ag) in hole MTH-ES25-11, and 2.55m @ 9.97 g/t Au, 571.8 g/t Ag in MTH-ES25-10. Part of 35,000m 2025 drilling for resource update.

Chairman and CEO, James Anderson said, “We have identified a greater than two-metre wide mining block at Santo Nino consisting of significant tonnage and grade. Further exploration potential west of this new production area is highly prospective and will remain at the forefront of our exploration campaigns throughout 2025.”

“With our widest high-grade silver intercept to date, we believe significant additional mineralization remains to be discovered as we continue to drill along strike at the Promontorio Vein Zone,” stated Darrell Rader, President and CEO, “These results validate historic reports of substantial vein widths mined across a number of the 26 vein zones on the Alamos project and will be incorporated into our upcoming maiden resource estimate.”

Vice President of Exploration, Rob Macdonald stated “This recent drilling successfully demonstrates both the lateral and down dip extensions of relatively shallow mineralization around the South Skarn deposit. Similar shallow targets are identified around both the Bocona and North Felsite deposits. Mineralization also remains open at depth, particularly on the eastern side of the Cerro which with further exploration, can continue to add high margin mineralization early in the modelled production scenario.”

“Having an instant new discovery of unique high-grade mineralization on our expansion area is an incredible advancement for our first four drill holes ever in the area.” commented, CEO Brodie Sutherland.

Pinnacle Silver and Gold Corp. signed a definitive option agreement on February 24, 2025, to acquire 100% of the high-grade El Potrero gold-silver project (1,074 ha, Durango, Mexico). Terms: staged cash ($50K–$3M), 3.5M shares, 2% NSR. Historical: 45,561 t @ 8.0 g/t Au, 186 g/t Ag. Potential near-term production via 100 tpd plant refurbishment.

Prime Mining Corp. Chief Executive Officer Scott Hicks commented, “Fresnillo is an exciting early stage generative target at Los Reyes. Today, we are sharing results that demonstrate a significant extension of approximately 120 metres up-dip of high grade, near-surface mineralization with both underground and open pit optionality and with further potential to continue expanding mineralization.”

Jody Kuzenko, President & CEO of Torex, stated: “I’m very excited about the results we have seen to date from our initial drilling at Media Luna East and the continuation of high-grade results returned from ongoing drilling at Media Luna West. These two targets exemplify the outstanding resource potential we see on the south side of the Morelos Property and, along with the results from EPO and Media Luna proper, support our belief that we will be mining at Morelos for decades to come.”

“For more than 17 years, our exploration success has been integral to the ongoing operations at Bolañitos,” said Dan Dickson, Chief Executive Officer. “The latest results highlight our focus on efficient, cost-effective exploration, which continues to extend the mine’s life.”

Paul D. Gray, Luca VP Exploration, commented, “The Tahuehueto Team is extremely excited with the results from these, the first drillholes that the Project has seen in over 12 years. The results from the four drill holes have confirmed key exploration objectives”