# Archive

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/archive--6338d393-50b6-4e9c-bd04-21608570bafe

Original source: https://www.thenewswire.com/press-releases/1AlpF2NRj-mithril-silver-and-gold-december-2025-quarterly-report-continued-exploration-success.html

Publisher: thenewswire

Original announcement: 2026-01-30T00:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-01T05:39:38.939Z

Atlas analysis updated: 2026-10-01T05:39:38.939Z

- Company: Mithril Silver and Gold Limited

- Ticker: MTH

- Exchange: Unavailable

- Region: Durango State, Mexico

- Primary commodity: Gold

- Secondary commodities: Silver

- Document categories: Drill results, Agreement transaction, Other

- Extracted: 2026-10-01 05:39:39 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

Mithril Silver and Gold Limited reported strong exploration results for the December 2025 quarter, including high-grade gold and silver intercepts at its Copalquin project in Mexico, extending known mineralization and identifying new silver-dominant targets. The company also completed the acquisition of the La Dura mining concessions, expanding its portfolio in the region. Financially, Mithril maintains a healthy cash balance of A$14.1 million and remains debt-free.

Reasoning: The report highlights strong drill results extending mineralization and identifying new targets, alongside a strategic acquisition and a solid financial position, indicating continued exploration success and growth potential for the company.

- Positive factor: high\_grade\_intercepts

- Positive factor: step\_out\_extension

- Positive factor: new\_target\_identified

- Positive factor: strategic\_acquisition

- Positive factor: strong\_cash\_position

- Positive factor: debt\_free

- Negative factor: resource\_update\_planned\_not\_current

- Negative factor: apparent\_width\_only\_for\_drilling

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 13

## Classification and evidence

No classification tags are available.

## Extracted facts

Stored fact records: 13. Some facts used in scoring do not have a stored record.

## Drill Results (13)

### MTH-RE25-44

[Link to this fact](https://atlas-staging.minestarters.com/news/archive--6338d393-50b6-4e9c-bd04-21608570bafe#fact-drill-facts-0)

Copalquin · gold

#### Identity

- Hole ID: MTH-RE25-44
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MTH

#### Geometry

- Grade: 2.78
- Grade Unit: g/t
- Intercept: 7.2 m
- From: 260.9 m
- To: 268.1 m
- Intercept Depth: 260.9 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: MTH-RE25-44:260.9-268.1
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-01-30T00:00:00.000Z

Reasoning: High-grade gold intercept extending mineralization at Target 1.

- Positive factor: strong\_grade

- Positive factor: step\_out\_extension

- Negative factor: apparent\_width\_only

Evidence · text

> 7.20 m @ 2.78 g/t gold, 148 g/t silver from 260.9 m \(MTH-RE25-44\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Step-Out Extension** — Rejected; excluded from scoring

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Reason: Intercepts extend the Target 1 strike over 30%.

Evidence · text

> The above intercepts extend the Target 1 strike over 30%

**QA/QC Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Reason: Scientific and technical information reviewed by QP/CP and samples sent to ALS Global.

Evidence · text

> Scientific and technical information in this Report has been reviewed and approved by Mr John Skeet \(FAUSIMM, CP\) Mithril’s Managing Director and Chief Executive Officer. Mr John Skeet is a qualified person within the meaning of NI 43-101. Samples are sent to ALS Global with sample preparation performed in Chihuahua City, Mexico and assaying of sample pulps performed in North Vancouver, BC, Canada

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · text

> 7.20 m @ 2.78 g/t gold, 148 g/t silver from 260.9 m

### MTH-RE25-44

[Link to this fact](https://atlas-staging.minestarters.com/news/archive--6338d393-50b6-4e9c-bd04-21608570bafe#fact-drill-facts-1)

Copalquin · silver

#### Identity

- Hole ID: MTH-RE25-44
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MTH

#### Geometry

- Grade: 148
- Grade Unit: g/t
- Intercept: 7.2 m
- From: 260.9 m
- To: 268.1 m
- Intercept Depth: 260.9 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: MTH-RE25-44:260.9-268.1
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-01-30T00:00:00.000Z

Reasoning: Strong silver intercept alongside gold, extending mineralization at Target 1.

- Positive factor: strong\_grade

- Positive factor: step\_out\_extension

- Negative factor: apparent\_width\_only

Evidence · text

> 7.20 m @ 2.78 g/t gold, 148 g/t silver from 260.9 m \(MTH-RE25-44\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Step-Out Extension** — Rejected; excluded from scoring

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Reason: Intercepts extend the Target 1 strike over 30%.

Evidence · text

> The above intercepts extend the Target 1 strike over 30%

**QA/QC Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Reason: Scientific and technical information reviewed by QP/CP and samples sent to ALS Global.

Evidence · text

> Scientific and technical information in this Report has been reviewed and approved by Mr John Skeet \(FAUSIMM, CP\) Mithril’s Managing Director and Chief Executive Officer. Mr John Skeet is a qualified person within the meaning of NI 43-101. Samples are sent to ALS Global with sample preparation performed in Chihuahua City, Mexico and assaying of sample pulps performed in North Vancouver, BC, Canada

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · text

> 7.20 m @ 2.78 g/t gold, 148 g/t silver from 260.9 m

### MTH-RE25-44

[Link to this fact](https://atlas-staging.minestarters.com/news/archive--6338d393-50b6-4e9c-bd04-21608570bafe#fact-drill-facts-2)

Copalquin · gold

#### Identity

- Hole ID: MTH-RE25-44
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MTH

#### Geometry

- Grade: 7.41
- Grade Unit: g/t
- Intercept: 2.05 m
- From: 266.05 m
- To: 268.1 m
- Intercept Depth: 260.9 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: MTH-RE25-44:266.05-268.1
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-01-30T00:00:00.000Z

Reasoning: High-grade gold sub-interval within a broader intercept, extending mineralization at Target 1.

- Positive factor: strong\_grade

- Positive factor: step\_out\_extension

- Negative factor: apparent\_width\_only

Evidence · text

> 2.05 m @ 7.41 g/t gold, 419 g/t silver from 266.05 m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Step-Out Extension** — Rejected; excluded from scoring

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Reason: Intercepts extend the Target 1 strike over 30%.

Evidence · text

> The above intercepts extend the Target 1 strike over 30%

**QA/QC Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Reason: Scientific and technical information reviewed by QP/CP and samples sent to ALS Global.

Evidence · text

> Scientific and technical information in this Report has been reviewed and approved by Mr John Skeet \(FAUSIMM, CP\) Mithril’s Managing Director and Chief Executive Officer. Mr John Skeet is a qualified person within the meaning of NI 43-101. Samples are sent to ALS Global with sample preparation performed in Chihuahua City, Mexico and assaying of sample pulps performed in North Vancouver, BC, Canada

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · text

> 2.05 m @ 7.41 g/t gold, 419 g/t silver from 266.05 m

### MTH-RE25-44

[Link to this fact](https://atlas-staging.minestarters.com/news/archive--6338d393-50b6-4e9c-bd04-21608570bafe#fact-drill-facts-3)

Copalquin · silver

#### Identity

- Hole ID: MTH-RE25-44
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MTH

#### Geometry

- Grade: 419
- Grade Unit: g/t
- Intercept: 2.05 m
- From: 266.05 m
- To: 268.1 m
- Intercept Depth: 260.9 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: MTH-RE25-44:266.05-268.1
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-01-30T00:00:00.000Z

Reasoning: High-grade silver sub-interval within a broader intercept, extending mineralization at Target 1.

- Positive factor: strong\_grade

- Positive factor: step\_out\_extension

- Negative factor: apparent\_width\_only

Evidence · text

> 2.05 m @ 7.41 g/t gold, 419 g/t silver from 266.05 m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Step-Out Extension** — Rejected; excluded from scoring

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Reason: Intercepts extend the Target 1 strike over 30%.

Evidence · text

> The above intercepts extend the Target 1 strike over 30%

**QA/QC Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Reason: Scientific and technical information reviewed by QP/CP and samples sent to ALS Global.

Evidence · text

> Scientific and technical information in this Report has been reviewed and approved by Mr John Skeet \(FAUSIMM, CP\) Mithril’s Managing Director and Chief Executive Officer. Mr John Skeet is a qualified person within the meaning of NI 43-101. Samples are sent to ALS Global with sample preparation performed in Chihuahua City, Mexico and assaying of sample pulps performed in North Vancouver, BC, Canada

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · text

> 2.05 m @ 7.41 g/t gold, 419 g/t silver from 266.05 m

### MTH-RE25-44

[Link to this fact](https://atlas-staging.minestarters.com/news/archive--6338d393-50b6-4e9c-bd04-21608570bafe#fact-drill-facts-4)

Copalquin · gold

#### Identity

- Hole ID: MTH-RE25-44
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MTH

#### Geometry

- Grade: 3.97
- Grade Unit: g/t
- Intercept: 2.8 m
- From: 272.35 m
- To: 275.15 m
- Intercept Depth: 260.9 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: MTH-RE25-44:272.35-275.15
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-01-30T00:00:00.000Z

Reasoning: High-grade gold sub-interval within a broader intercept, extending mineralization at Target 1.

- Positive factor: strong\_grade

- Positive factor: step\_out\_extension

- Negative factor: apparent\_width\_only

Evidence · text

> 2.80 m @ 3.97 g/t gold, 208 g/t silver from 272.35 m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Step-Out Extension** — Rejected; excluded from scoring

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Reason: Intercepts extend the Target 1 strike over 30%.

Evidence · text

> The above intercepts extend the Target 1 strike over 30%

**QA/QC Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Reason: Scientific and technical information reviewed by QP/CP and samples sent to ALS Global.

Evidence · text

> Scientific and technical information in this Report has been reviewed and approved by Mr John Skeet \(FAUSIMM, CP\) Mithril’s Managing Director and Chief Executive Officer. Mr John Skeet is a qualified person within the meaning of NI 43-101. Samples are sent to ALS Global with sample preparation performed in Chihuahua City, Mexico and assaying of sample pulps performed in North Vancouver, BC, Canada

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · text

> 2.80 m @ 3.97 g/t gold, 208 g/t silver from 272.35 m

### MTH-RE25-44

[Link to this fact](https://atlas-staging.minestarters.com/news/archive--6338d393-50b6-4e9c-bd04-21608570bafe#fact-drill-facts-5)

Copalquin · silver

#### Identity

- Hole ID: MTH-RE25-44
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MTH

#### Geometry

- Grade: 208
- Grade Unit: g/t
- Intercept: 2.8 m
- From: 272.35 m
- To: 275.15 m
- Intercept Depth: 260.9 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: MTH-RE25-44:272.35-275.15
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-01-30T00:00:00.000Z

Reasoning: Strong silver sub-interval within a broader intercept, extending mineralization at Target 1.

- Positive factor: strong\_grade

- Positive factor: step\_out\_extension

- Negative factor: apparent\_width\_only

Evidence · text

> 2.80 m @ 3.97 g/t gold, 208 g/t silver from 272.35 m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Step-Out Extension** — Rejected; excluded from scoring

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Reason: Intercepts extend the Target 1 strike over 30%.

Evidence · text

> The above intercepts extend the Target 1 strike over 30%

**QA/QC Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Reason: Scientific and technical information reviewed by QP/CP and samples sent to ALS Global.

Evidence · text

> Scientific and technical information in this Report has been reviewed and approved by Mr John Skeet \(FAUSIMM, CP\) Mithril’s Managing Director and Chief Executive Officer. Mr John Skeet is a qualified person within the meaning of NI 43-101. Samples are sent to ALS Global with sample preparation performed in Chihuahua City, Mexico and assaying of sample pulps performed in North Vancouver, BC, Canada

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · text

> 2.80 m @ 3.97 g/t gold, 208 g/t silver from 272.35 m

### MTH-RE25-45

[Link to this fact](https://atlas-staging.minestarters.com/news/archive--6338d393-50b6-4e9c-bd04-21608570bafe#fact-drill-facts-6)

Candelaria Silver-Rich · gold

#### Identity

- Hole ID: MTH-RE25-45
- Project: Candelaria Silver-Rich
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MTH

#### Geometry

- Grade: 7.19
- Grade Unit: g/t
- Intercept: 8.03 m
- From: 257.72 m
- To: 265.75 m
- Intercept Depth: 257.72 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: MTH-RE25-45:257.72-265.75
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-01-30T00:00:00.000Z

Reasoning: High-grade gold intercept extending mineralization at Target 1.

- Positive factor: strong\_grade

- Positive factor: step\_out\_extension

- Negative factor: apparent\_width\_only

Evidence · text

> 8.03 m @ 7.19 g/t gold, 260 g/t silver from 257.72 m \(MTH-RE25-45\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Step-Out Extension** — Rejected; excluded from scoring

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Reason: Intercepts extend the Target 1 strike over 30%.

Evidence · text

> The above intercepts extend the Target 1 strike over 30%

**QA/QC Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Reason: Scientific and technical information reviewed by QP/CP and samples sent to ALS Global.

Evidence · text

> Scientific and technical information in this Report has been reviewed and approved by Mr John Skeet \(FAUSIMM, CP\) Mithril’s Managing Director and Chief Executive Officer. Mr John Skeet is a qualified person within the meaning of NI 43-101. Samples are sent to ALS Global with sample preparation performed in Chihuahua City, Mexico and assaying of sample pulps performed in North Vancouver, BC, Canada

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · text

> 8.03 m @ 7.19 g/t gold, 260 g/t silver from 257.72 m

### MTH-RE25-45

[Link to this fact](https://atlas-staging.minestarters.com/news/archive--6338d393-50b6-4e9c-bd04-21608570bafe#fact-drill-facts-7)

Candelaria Silver-Rich · silver

#### Identity

- Hole ID: MTH-RE25-45
- Project: Candelaria Silver-Rich
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MTH

#### Geometry

- Grade: 260
- Grade Unit: g/t
- Intercept: 8.03 m
- From: 257.72 m
- To: 265.75 m
- Intercept Depth: 257.72 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: MTH-RE25-45:257.72-265.75
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-01-30T00:00:00.000Z

Reasoning: Strong silver intercept alongside gold, extending mineralization at Target 1.

- Positive factor: strong\_grade

- Positive factor: step\_out\_extension

- Negative factor: apparent\_width\_only

Evidence · text

> 8.03 m @ 7.19 g/t gold, 260 g/t silver from 257.72 m \(MTH-RE25-45\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Step-Out Extension** — Rejected; excluded from scoring

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Reason: Intercepts extend the Target 1 strike over 30%.

Evidence · text

> The above intercepts extend the Target 1 strike over 30%

**QA/QC Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Reason: Scientific and technical information reviewed by QP/CP and samples sent to ALS Global.

Evidence · text

> Scientific and technical information in this Report has been reviewed and approved by Mr John Skeet \(FAUSIMM, CP\) Mithril’s Managing Director and Chief Executive Officer. Mr John Skeet is a qualified person within the meaning of NI 43-101. Samples are sent to ALS Global with sample preparation performed in Chihuahua City, Mexico and assaying of sample pulps performed in North Vancouver, BC, Canada

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · text

> 8.03 m @ 7.19 g/t gold, 260 g/t silver from 257.72 m

### MTH-RE25-45

[Link to this fact](https://atlas-staging.minestarters.com/news/archive--6338d393-50b6-4e9c-bd04-21608570bafe#fact-drill-facts-8)

Candelaria Silver-Rich · gold

#### Identity

- Hole ID: MTH-RE25-45
- Project: Candelaria Silver-Rich
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MTH

#### Geometry

- Grade: 9.87
- Grade Unit: g/t
- Intercept: 4.4 m
- From: 260.7 m
- To: 265.1 m
- Intercept Depth: 257.72 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: MTH-RE25-45:260.7-265.1
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-01-30T00:00:00.000Z

Reasoning: Very high-grade gold sub-interval within a broader intercept, extending mineralization at Target 1.

- Positive factor: strong\_grade

- Positive factor: step\_out\_extension

- Negative factor: apparent\_width\_only

Evidence · text

> 4.40 m @ 9.87 g/t gold, 507 g/t silver from 260.7 m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Step-Out Extension** — Rejected; excluded from scoring

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Reason: Intercepts extend the Target 1 strike over 30%.

Evidence · text

> The above intercepts extend the Target 1 strike over 30%

**QA/QC Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Reason: Scientific and technical information reviewed by QP/CP and samples sent to ALS Global.

Evidence · text

> Scientific and technical information in this Report has been reviewed and approved by Mr John Skeet \(FAUSIMM, CP\) Mithril’s Managing Director and Chief Executive Officer. Mr John Skeet is a qualified person within the meaning of NI 43-101. Samples are sent to ALS Global with sample preparation performed in Chihuahua City, Mexico and assaying of sample pulps performed in North Vancouver, BC, Canada

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · text

> 4.40 m @ 9.87 g/t gold, 507 g/t silver from 260.7 m

### MTH-RE25-45

[Link to this fact](https://atlas-staging.minestarters.com/news/archive--6338d393-50b6-4e9c-bd04-21608570bafe#fact-drill-facts-9)

Candelaria Silver-Rich · silver

#### Identity

- Hole ID: MTH-RE25-45
- Project: Candelaria Silver-Rich
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MTH

#### Geometry

- Grade: 507
- Grade Unit: g/t
- Intercept: 4.4 m
- From: 260.7 m
- To: 265.1 m
- Intercept Depth: 257.72 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: MTH-RE25-45:260.7-265.1
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-01-30T00:00:00.000Z

Reasoning: Very high-grade silver sub-interval within a broader intercept, extending mineralization at Target 1.

- Positive factor: strong\_grade

- Positive factor: step\_out\_extension

- Negative factor: apparent\_width\_only

Evidence · text

> 4.40 m @ 9.87 g/t gold, 507 g/t silver from 260.7 m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Step-Out Extension** — Rejected; excluded from scoring

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Reason: Intercepts extend the Target 1 strike over 30%.

Evidence · text

> The above intercepts extend the Target 1 strike over 30%

**QA/QC Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Reason: Scientific and technical information reviewed by QP/CP and samples sent to ALS Global.

Evidence · text

> Scientific and technical information in this Report has been reviewed and approved by Mr John Skeet \(FAUSIMM, CP\) Mithril’s Managing Director and Chief Executive Officer. Mr John Skeet is a qualified person within the meaning of NI 43-101. Samples are sent to ALS Global with sample preparation performed in Chihuahua City, Mexico and assaying of sample pulps performed in North Vancouver, BC, Canada

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · text

> 4.40 m @ 9.87 g/t gold, 507 g/t silver from 260.7 m

### AP25-003

[Link to this fact](https://atlas-staging.minestarters.com/news/archive--6338d393-50b6-4e9c-bd04-21608570bafe#fact-drill-facts-10)

Copalquin · gold

#### Identity

- Hole ID: AP25-003
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MTH

#### Geometry

- Grade: 2.28
- Grade Unit: g/t
- Intercept: 2.75 m
- From: 93.6 m
- To: 96.35 m
- Intercept Depth: 93.6 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: AP25-003:93.6-96.35
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 660
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-01-30T00:00:00.000Z

Reasoning: Strong gold intercept from maiden drilling at a new silver-dominant target.

- Positive factor: strong\_grade

- Positive factor: maiden\_drilling

- Negative factor: apparent\_width\_only

Evidence · text

> 2.75 m @ 660 g/t AgEq \(2.28 g/t gold, 500 g/t silver\) from 93.6 m \(AP25-003\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Maiden Drilling** — Rejected; excluded from scoring

Polarity: neutral

Story-specific tag

Definition: No canonical definition is currently available.

Reason: This is the first drilling at the Target 5 Apomal–Candelaria Silver-Rich System.

Evidence · text

> Maiden drilling confirmed a silver-dominant epithermal system

**QA/QC Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Reason: Scientific and technical information reviewed by QP/CP and samples sent to ALS Global.

Evidence · text

> Scientific and technical information in this Report has been reviewed and approved by Mr John Skeet \(FAUSIMM, CP\) Mithril’s Managing Director and Chief Executive Officer. Mr John Skeet is a qualified person within the meaning of NI 43-101. Samples are sent to ALS Global with sample preparation performed in Chihuahua City, Mexico and assaying of sample pulps performed in North Vancouver, BC, Canada

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · text

> 2.75 m @ 660 g/t AgEq \(2.28 g/t gold, 500 g/t silver\) from 93.6 m

### AP25-003

[Link to this fact](https://atlas-staging.minestarters.com/news/archive--6338d393-50b6-4e9c-bd04-21608570bafe#fact-drill-facts-11)

Copalquin · silver

#### Identity

- Hole ID: AP25-003
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MTH

#### Geometry

- Grade: 500
- Grade Unit: g/t
- Intercept: 2.75 m
- From: 93.6 m
- To: 96.35 m
- Intercept Depth: 93.6 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: AP25-003:93.6-96.35
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-01-30T00:00:00.000Z

Reasoning: Very high-grade silver intercept from maiden drilling at a new silver-dominant target.

- Positive factor: strong\_grade

- Positive factor: maiden\_drilling

- Negative factor: apparent\_width\_only

Evidence · text

> 2.75 m @ 660 g/t AgEq \(2.28 g/t gold, 500 g/t silver\) from 93.6 m \(AP25-003\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Maiden Drilling** — Rejected; excluded from scoring

Polarity: neutral

Story-specific tag

Definition: No canonical definition is currently available.

Reason: This is the first drilling at the Target 5 Apomal–Candelaria Silver-Rich System.

Evidence · text

> Maiden drilling confirmed a silver-dominant epithermal system

**QA/QC Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Reason: Scientific and technical information reviewed by QP/CP and samples sent to ALS Global.

Evidence · text

> Scientific and technical information in this Report has been reviewed and approved by Mr John Skeet \(FAUSIMM, CP\) Mithril’s Managing Director and Chief Executive Officer. Mr John Skeet is a qualified person within the meaning of NI 43-101. Samples are sent to ALS Global with sample preparation performed in Chihuahua City, Mexico and assaying of sample pulps performed in North Vancouver, BC, Canada

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · text

> 2.75 m @ 660 g/t AgEq \(2.28 g/t gold, 500 g/t silver\) from 93.6 m

### AP25-003

[Link to this fact](https://atlas-staging.minestarters.com/news/archive--6338d393-50b6-4e9c-bd04-21608570bafe#fact-drill-facts-12)

Copalquin · gold

#### Identity

- Hole ID: AP25-003
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MTH

#### Geometry

- Grade: 5.8
- Grade Unit: g/t
- Intercept: 1 m
- From: 94.7 m
- To: 95.7 m
- Intercept Depth: 93.6 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: AP25-003:94.7-95.7
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 1714
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-01-30T00:00:00.000Z

Reasoning: High-grade gold sub-interval from maiden drilling at a new silver-dominant target.

- Positive factor: strong\_grade

- Positive factor: maiden\_drilling

- Negative factor: apparent\_width\_only

Evidence · text

> 1.00 m @ 1,714 g/t AgEq \(5.80 g/t gold, 1,308 g/t silver\) from 94.7 m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Maiden Drilling** — Rejected; excluded from scoring

Polarity: neutral

Story-specific tag

Definition: No canonical definition is currently available.

Reason: This is the first drilling at the Target 5 Apomal–Candelaria Silver-Rich System.

Evidence · text

> Maiden drilling confirmed a silver-dominant epithermal system

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.