# Mithril Confirms High-Grade and Widespread Silver and Gold at Target 3, Copalquin Project

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6

Original source: https://money.tmx.com/en/quote/MSG/news/7507550427428217/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin

Publisher: tmx

Original announcement: 2026-04-09T11:30:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Mithril Silver and Gold Limited

- Ticker: MSG

- Exchange: TSX

- Region: Durango State, Mexico

- Primary commodity: Gold

- Secondary commodities: Silver

- Document categories: Drill results, Resource update

- Extracted: 2026-08-25 22:48:03 UTC

Narrative sentiment: 0.70 · Bullish

## Minestarters Atlas summary

Mithril Silver and Gold Limited announced new high-grade gold and silver drill results from its Copalquin Project in Durango State, Mexico, expanding the known epithermal mineralization at Target 3 and Target 5. Highlights include 0.50 m @ 33.2 g/t gold and 5.9 g/t silver from GU26-002. The company also referenced a historical JORC-compliant resource estimate for Target 1, which includes 691 kt Indicated at 5.43 g/t gold and 114.2 g/t silver.

Reasoning: New high-grade gold and silver drill results confirm and expand the epithermal system at Copalquin, demonstrating district-scale potential, supported by robust QA/QC. The resource update is historical, limiting its novelty.

- Positive factor: High-grade gold and silver intercepts

- Positive factor: Expansion of mineralized footprint

- Positive factor: Confirmation of epithermal mineralization

- Positive factor: Robust QA/QC disclosure

- Negative factor: Many intercepts are narrow

- Negative factor: Resource estimate is historical

Facts used in scoring: 88

## Classification and evidence

**Bonanza Intercept**

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: The intercept of 33.20 g/t gold in GU26-002 is exceptionally high-grade for an epithermal deposit.

Evidence · table

> 33.20

Context: 0.50

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: The release includes detailed QA/QC disclosure, mentioning ALS Global as the laboratory, use of standards, blanks, and pulp duplicates, and QP/CP sign-off.

Evidence · text

> Samples are assayed for gold using ALS Minerals Au-AA25 method a 30 g fire assay with an AA finish. This is considered a total assay technique. Samples are assayed for silver using ALS Minerals ME-ICP61 method. Over limits are assayed by silverOG63 and silverGRAV21. These are considered a total assay technique. Standards and blanks are inserted at a rate of one per every 25 samples and one per every 40 samples, respectively. Pulp duplicate sampling is undertaken for 3% of all samples \(see above\).

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: Drilling at Target 3 and Target 5 is described as expanding the extent of the silver-gold mineralizing system and confirming continuing high-grade mineralization.

Evidence · text

> Drilling at the Copalquin project continues to expand the extent of the large silver-gold mineralising system within the current 9 km long and over 1,200 metres vertical extent across the district.

**Apparent Width Only**

Polarity: negative

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

Why it applies: The document reports intercept lengths without explicitly stating true widths for most new drill results, which is common for narrow vein epithermal deposits.

Evidence · text

> If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect \(eg ‘down hole length, true width not known’\). True widths at Refugio between sections 120 and 1,000 vary according to the hole’s dip. Holes drilled at -50 degrees may be considered to have intercept lengths equal to true-widths, Holes drilled at -70 degrees had true widths approximately 92% of the reported intercept lengths and holes drilled at -90 degrees had true widths of 77% of the reported intercept lengths. True widths at La Soledad are not fully understood and downhole intercepts to date, are reported.

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: The cut-off grades and internal dilution rules for compositing drill intercepts are clearly stated.

Evidence · text

> Potentially underground mineable intercepts are calculated as length weighted averages of material greater than or equal to 1 g/t AuEQ\_70 allowing up to 2m of internal dilution. Potentially open-pit mineable intercepts are calculated as length weighted averages of material greater than or equal to 0.25 g/t AuEQ\_70 allowing for up to 2m of internal dilution.

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: A significant portion of the historical resource estimate is classified as Inferred, which is a speculative category.

Evidence · table

> Inferred

Context: 1,447

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The historical resource estimate and exploration results are stated to be JORC Code compliant.

Evidence · text

> The information in this report that relates to Mineral Resources or Ore Reserves is based on information provided in the following ASX announcement: 17 Nov 2021 - MAIDEN JORC RESOURCE 529,000 OUNCES @ 6.81G/T \(AuEq \* \), which includes the full JORC MRE report

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: The scientific and technical information in the report has been reviewed and approved by a Qualified Person within the meaning of NI 43-101.

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.

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: John Skeet \(FAusIMM, CP\), James Barr \(P.Geo\), and Rodney Webster \(AIG\) are named as Competent Persons/Qualified Persons for the respective sections of the report.

Evidence · text

> 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.

**Historical Estimate Only**

Polarity: negative

Definition: Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.

Why it applies: The resource estimate presented is explicitly stated as a maiden JORC mineral resource estimate originally released on 17 November 2021.

Evidence · text

> This maiden resource is detailed below \(see ASX release 17 November 2021 \)

## Extracted facts

Stored fact records: 88. Some facts used in scoring do not have a stored record.

## Drill Results (88)

### MA26-001

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-0)

Copalquin · gold

#### Identity

- Hole ID: MA26-001
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 6.2
- Grade Unit: g/t
- Intercept: 0.85 m
- From: 122.8 m
- To: 123.65 m
- Hole Depth: 201 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: MA26-001:122.80-123.65
- Mining Method: mixed

#### Location

- Easting: 288986
- Northing: 2822914
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 751 m
- Azimuth: 210 °
- Dip: -45 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 17.11
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 1
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows high-grade gold, which is positive for an epithermal deposit, but the narrow width limits its overall materiality.

- Positive factor: High-grade gold intercept

- Positive factor: Good grade-width product for epithermal deposit

- Negative factor: Narrow intercept length

Evidence · table

> 6.20

Context: 0.85

### MA26-001

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-1)

Copalquin · silver

#### Identity

- Hole ID: MA26-001
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 764
- Grade Unit: g/t
- Intercept: 0.85 m
- From: 122.8 m
- To: 123.65 m
- Hole Depth: 201 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: MA26-001:122.80-123.65
- Mining Method: mixed

#### Location

- Easting: 288986
- Northing: 2822914
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 751 m
- Azimuth: 210 °
- Dip: -45 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 1
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows high-grade silver, which is positive for an epithermal deposit, but the narrow width limits its overall materiality.

- Positive factor: High-grade silver intercept

- Positive factor: Good grade-width product for epithermal deposit

- Negative factor: Narrow intercept length

Evidence · table

> 764.0

Context: 0.85

### MA26-001

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-2)

Copalquin · gold

#### Identity

- Hole ID: MA26-001
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 1.16
- Grade Unit: g/t
- Intercept: 0.75 m
- From: 169.45 m
- To: 170.2 m
- Hole Depth: 201 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: MA26-001:169.45-170.20
- Mining Method: mixed

#### Location

- Easting: 288986
- Northing: 2822914
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 751 m
- Azimuth: 210 °
- Dip: -45 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 1.42
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 1
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a moderate gold grade over a narrow width, which is less material for an epithermal deposit.

- Negative factor: Narrow intercept length

- Negative factor: Moderate grade for epithermal deposit

Evidence · table

> 1.16

Context: 0.75

### MA26-001

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-3)

Copalquin · silver

#### Identity

- Hole ID: MA26-001
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 18.1
- Grade Unit: g/t
- Intercept: 0.75 m
- From: 169.45 m
- To: 170.2 m
- Hole Depth: 201 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: MA26-001:169.45-170.20
- Mining Method: mixed

#### Location

- Easting: 288986
- Northing: 2822914
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 751 m
- Azimuth: 210 °
- Dip: -45 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 1
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a weak silver grade over a narrow width, which is less material for an epithermal deposit.

- Negative factor: Narrow intercept length

- Negative factor: Weak grade for epithermal deposit

Evidence · table

> 18.1

Context: 0.75

### JA26-002

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-4)

Copalquin · gold

#### Identity

- Hole ID: JA26-002
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 0.14
- Grade Unit: g/t
- Intercept: 0.6 m
- From: 29.35 m
- To: 29.95 m
- Hole Depth: 189 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: JA26-002:29.35-29.95
- Mining Method: mixed

#### Location

- Easting: 292538
- Northing: 2824809
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1439.05 m
- Azimuth: 280 °
- Dip: -55 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 0.3
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a sub-economic gold grade over a narrow width, indicating limited materiality.

- Negative factor: Sub-economic grade

- Negative factor: Narrow intercept length

Evidence · table

> 0.14

Context: 0.60

### JA26-002

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-5)

Copalquin · silver

#### Identity

- Hole ID: JA26-002
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 10.9
- Grade Unit: g/t
- Intercept: 0.6 m
- From: 29.35 m
- To: 29.95 m
- Hole Depth: 189 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: JA26-002:29.35-29.95
- Mining Method: mixed

#### Location

- Easting: 292538
- Northing: 2824809
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1439.05 m
- Azimuth: 280 °
- Dip: -55 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a sub-economic silver grade over a narrow width, indicating limited materiality.

- Negative factor: Sub-economic grade

- Negative factor: Narrow intercept length

Evidence · table

> 10.9

Context: 0.60

### JA26-002

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-6)

Copalquin · gold

#### Identity

- Hole ID: JA26-002
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 0.16
- Grade Unit: g/t
- Intercept: 1 m
- From: 35 m
- To: 36 m
- Hole Depth: 189 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: JA26-002:35.00-36.00
- Mining Method: mixed

#### Location

- Easting: 292538
- Northing: 2824809
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1439.05 m
- Azimuth: 280 °
- Dip: -55 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 0.26
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a sub-economic gold grade, indicating limited materiality.

- Negative factor: Sub-economic grade

Evidence · table

> 0.16

Context: 1.00

### JA26-002

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-7)

Copalquin · silver

#### Identity

- Hole ID: JA26-002
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 7.6
- Grade Unit: g/t
- Intercept: 1 m
- From: 35 m
- To: 36 m
- Hole Depth: 189 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: JA26-002:35.00-36.00
- Mining Method: mixed

#### Location

- Easting: 292538
- Northing: 2824809
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1439.05 m
- Azimuth: 280 °
- Dip: -55 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a sub-economic silver grade, indicating limited materiality.

- Negative factor: Sub-economic grade

Evidence · table

> 7.6

Context: 1.00

### JA26-002

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-8)

Copalquin · gold

#### Identity

- Hole ID: JA26-002
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 0.95
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 36 m
- To: 36.5 m
- Hole Depth: 189 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: JA26-002:36.00-36.50
- Mining Method: mixed

#### Location

- Easting: 292538
- Northing: 2824809
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1439.05 m
- Azimuth: 280 °
- Dip: -55 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 2.67
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 1
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade over a narrow width, which is less material for an epithermal deposit.

- Negative factor: Narrow intercept length

- Negative factor: Weak grade for epithermal deposit

Evidence · table

> 0.95

Context: 0.50

### JA26-002

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-9)

Copalquin · silver

#### Identity

- Hole ID: JA26-002
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 120
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 36 m
- To: 36.5 m
- Hole Depth: 189 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: JA26-002:36.00-36.50
- Mining Method: mixed

#### Location

- Easting: 292538
- Northing: 2824809
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1439.05 m
- Azimuth: 280 °
- Dip: -55 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 1
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a moderate silver grade over a narrow width, which is less material for an epithermal deposit.

- Negative factor: Narrow intercept length

- Negative factor: Moderate grade for epithermal deposit

Evidence · table

> 120.0

Context: 0.50

### JA26-002

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-10)

Copalquin · gold

#### Identity

- Hole ID: JA26-002
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 0.33
- Grade Unit: g/t
- Intercept: 1.35 m
- From: 92 m
- To: 93.35 m
- Hole Depth: 189 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: JA26-002:92.00-93.35
- Mining Method: mixed

#### Location

- Easting: 292538
- Northing: 2824809
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1439.05 m
- Azimuth: 280 °
- Dip: -55 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 0.34
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade, indicating limited materiality.

- Negative factor: Weak grade for epithermal deposit

Evidence · table

> 0.33

Context: 1.35

### JA26-002

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-11)

Copalquin · silver

#### Identity

- Hole ID: JA26-002
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 0.5
- Grade Unit: g/t
- Intercept: 1.35 m
- From: 92 m
- To: 93.35 m
- Hole Depth: 189 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: JA26-002:92.00-93.35
- Mining Method: mixed

#### Location

- Easting: 292538
- Northing: 2824809
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1439.05 m
- Azimuth: 280 °
- Dip: -55 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a sub-economic silver grade, indicating limited materiality.

- Negative factor: Sub-economic grade

Evidence · table

> 0.5

Context: 1.35

### JA26-002

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-12)

Copalquin · gold

#### Identity

- Hole ID: JA26-002
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 2.79
- Grade Unit: g/t
- Intercept: 0.9 m
- From: 155.45 m
- To: 156.35 m
- Hole Depth: 189 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: JA26-002:155.45-156.35
- Mining Method: mixed

#### Location

- Easting: 292538
- Northing: 2824809
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1439.05 m
- Azimuth: 280 °
- Dip: -55 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 4.95
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 1
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a strong gold grade for an epithermal deposit, but the narrow width limits its overall materiality.

- Positive factor: Strong grade for epithermal deposit

- Negative factor: Narrow intercept length

Evidence · table

> 2.79

Context: 0.90

### JA26-002

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-13)

Copalquin · silver

#### Identity

- Hole ID: JA26-002
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 151
- Grade Unit: g/t
- Intercept: 0.9 m
- From: 155.45 m
- To: 156.35 m
- Hole Depth: 189 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: JA26-002:155.45-156.35
- Mining Method: mixed

#### Location

- Easting: 292538
- Northing: 2824809
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1439.05 m
- Azimuth: 280 °
- Dip: -55 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 1
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a moderate silver grade for an epithermal deposit, but the narrow width limits its overall materiality.

- Positive factor: Moderate grade for epithermal deposit

- Negative factor: Narrow intercept length

Evidence · table

> 151.0

Context: 0.90

### JA26-003

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-14)

Copalquin · gold

#### Identity

- Hole ID: JA26-003
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 0.23
- Grade Unit: g/t
- Intercept: 1 m
- From: 57.45 m
- To: 58.45 m
- Hole Depth: 201 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: JA26-003:57.45-58.45
- Mining Method: mixed

#### Location

- Easting: 292478
- Northing: 2824666
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1373.88 m
- Azimuth: 290 °
- Dip: -55 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 0.25
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a sub-economic gold grade, indicating limited materiality.

- Negative factor: Sub-economic grade

Evidence · table

> 0.23

Context: 1.00

### JA26-003

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-15)

Copalquin · silver

#### Identity

- Hole ID: JA26-003
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 1.2
- Grade Unit: g/t
- Intercept: 1 m
- From: 57.45 m
- To: 58.45 m
- Hole Depth: 201 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: JA26-003:57.45-58.45
- Mining Method: mixed

#### Location

- Easting: 292478
- Northing: 2824666
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1373.88 m
- Azimuth: 290 °
- Dip: -55 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a sub-economic silver grade, indicating limited materiality.

- Negative factor: Sub-economic grade

Evidence · table

> 1.2

Context: 1.00

### JA26-003

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-16)

Copalquin · gold

#### Identity

- Hole ID: JA26-003
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 0.26
- Grade Unit: g/t
- Intercept: 0.85 m
- From: 69.65 m
- To: 70.5 m
- Hole Depth: 201 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: JA26-003:69.65-70.50
- Mining Method: mixed

#### Location

- Easting: 292478
- Northing: 2824666
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1373.88 m
- Azimuth: 290 °
- Dip: -55 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 0.33
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade, indicating limited materiality.

- Negative factor: Weak grade for epithermal deposit

Evidence · table

> 0.26

Context: 0.85

### JA26-003

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-17)

Copalquin · silver

#### Identity

- Hole ID: JA26-003
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 5.2
- Grade Unit: g/t
- Intercept: 0.85 m
- From: 69.65 m
- To: 70.5 m
- Hole Depth: 201 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: JA26-003:69.65-70.50
- Mining Method: mixed

#### Location

- Easting: 292478
- Northing: 2824666
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1373.88 m
- Azimuth: 290 °
- Dip: -55 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a sub-economic silver grade, indicating limited materiality.

- Negative factor: Sub-economic grade

Evidence · table

> 5.2

Context: 0.85

### JA26-004

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-18)

Copalquin · gold

#### Identity

- Hole ID: JA26-004
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 0.38
- Grade Unit: g/t
- Intercept: 1.5 m
- From: 27.95 m
- To: 29.45 m
- Hole Depth: 120 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: JA26-004:27.95-29.45
- Mining Method: mixed

#### Location

- Easting: 292395
- Northing: 2824625
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1351.8 m
- Azimuth: 255 °
- Dip: -55 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 0.42
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade, indicating limited materiality.

- Negative factor: Weak grade for epithermal deposit

Evidence · table

> 0.38

Context: 1.50

### JA26-004

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-19)

Copalquin · silver

#### Identity

- Hole ID: JA26-004
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 3.3
- Grade Unit: g/t
- Intercept: 1.5 m
- From: 27.95 m
- To: 29.45 m
- Hole Depth: 120 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: JA26-004:27.95-29.45
- Mining Method: mixed

#### Location

- Easting: 292395
- Northing: 2824625
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1351.8 m
- Azimuth: 255 °
- Dip: -55 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a sub-economic silver grade, indicating limited materiality.

- Negative factor: Sub-economic grade

Evidence · table

> 3.3

Context: 1.50

### JA26-004

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-20)

Copalquin · gold

#### Identity

- Hole ID: JA26-004
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 0.12
- Grade Unit: g/t
- Intercept: 2.1 m
- From: 34.7 m
- To: 36.8 m
- Hole Depth: 120 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: JA26-004:34.70-36.80
- Mining Method: mixed

#### Location

- Easting: 292395
- Northing: 2824625
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1351.8 m
- Azimuth: 255 °
- Dip: -55 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 0.38
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a sub-economic gold grade, indicating limited materiality.

- Negative factor: Sub-economic grade

Evidence · table

> 0.12

Context: 2.1

### JA26-004

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-21)

Copalquin · silver

#### Identity

- Hole ID: JA26-004
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 18.4
- Grade Unit: g/t
- Intercept: 2.1 m
- From: 34.7 m
- To: 36.8 m
- Hole Depth: 120 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: JA26-004:34.70-36.80
- Mining Method: mixed

#### Location

- Easting: 292395
- Northing: 2824625
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1351.8 m
- Azimuth: 255 °
- Dip: -55 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a weak silver grade, indicating limited materiality.

- Negative factor: Weak grade for epithermal deposit

Evidence · table

> 18.4

Context: 2.1

### JA26-004

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-22)

Copalquin · gold

#### Identity

- Hole ID: JA26-004
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 6.91
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 102.5 m
- To: 103 m
- Hole Depth: 120 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: JA26-004:102.50-103.00
- Mining Method: mixed

#### Location

- Easting: 292395
- Northing: 2824625
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1351.8 m
- Azimuth: 255 °
- Dip: -55 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 13.7
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 1
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows high-grade gold for an epithermal deposit, but the narrow width limits its overall materiality.

- Positive factor: High-grade gold intercept

- Positive factor: Strong grade for epithermal deposit

- Negative factor: Narrow intercept length

Evidence · table

> 6.91

Context: 0.50

### JA26-004

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-23)

Copalquin · silver

#### Identity

- Hole ID: JA26-004
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 475
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 102.5 m
- To: 103 m
- Hole Depth: 120 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: JA26-004:102.50-103.00
- Mining Method: mixed

#### Location

- Easting: 292395
- Northing: 2824625
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1351.8 m
- Azimuth: 255 °
- Dip: -55 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 1
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows high-grade silver for an epithermal deposit, but the narrow width limits its overall materiality.

- Positive factor: High-grade silver intercept

- Positive factor: Strong grade for epithermal deposit

- Negative factor: Narrow intercept length

Evidence · table

> 475.0

Context: 0.50

### JA26-006

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-24)

Copalquin · gold

#### Identity

- Hole ID: JA26-006
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 1.12
- Grade Unit: g/t
- Intercept: 0.65 m
- From: 54.5 m
- To: 55.15 m
- Hole Depth: 177 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: JA26-006:54.50-55.15
- Mining Method: mixed

#### Location

- Easting: 292502
- Northing: 2824738
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1400.5 m
- Azimuth: 270 °
- Dip: -55 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 1.37
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 1
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a moderate gold grade over a narrow width, which is less material for an epithermal deposit.

- Negative factor: Narrow intercept length

- Negative factor: Moderate grade for epithermal deposit

Evidence · table

> 1.12

Context: 0.65

### JA26-006

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-25)

Copalquin · silver

#### Identity

- Hole ID: JA26-006
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 17.8
- Grade Unit: g/t
- Intercept: 0.65 m
- From: 54.5 m
- To: 55.15 m
- Hole Depth: 177 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: JA26-006:54.50-55.15
- Mining Method: mixed

#### Location

- Easting: 292502
- Northing: 2824738
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1400.5 m
- Azimuth: 270 °
- Dip: -55 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 1
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a weak silver grade over a narrow width, which is less material for an epithermal deposit.

- Negative factor: Narrow intercept length

- Negative factor: Weak grade for epithermal deposit

Evidence · table

> 17.8

Context: 0.65

### GU26-001

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-26)

Copalquin · gold

#### Identity

- Hole ID: GU26-001
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 0.27
- Grade Unit: g/t
- Intercept: 1 m
- From: 6.7 m
- To: 7.7 m
- Hole Depth: 234 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-001:6.70-7.70
- Mining Method: mixed

#### Location

- Easting: 293060
- Northing: 2824415
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1600.78 m
- Azimuth: 180 °
- Dip: -60 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 0.29
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade, indicating limited materiality.

- Negative factor: Weak grade for epithermal deposit

Evidence · table

> 0.27

Context: 1.00

### GU26-001

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-27)

Copalquin · silver

#### Identity

- Hole ID: GU26-001
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 1.2
- Grade Unit: g/t
- Intercept: 1 m
- From: 6.7 m
- To: 7.7 m
- Hole Depth: 234 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-001:6.70-7.70
- Mining Method: mixed

#### Location

- Easting: 293060
- Northing: 2824415
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1600.78 m
- Azimuth: 180 °
- Dip: -60 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a sub-economic silver grade, indicating limited materiality.

- Negative factor: Sub-economic grade

Evidence · table

> 1.2

Context: 1.00

### GU26-001

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-28)

Copalquin · gold

#### Identity

- Hole ID: GU26-001
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 0.16
- Grade Unit: g/t
- Intercept: 1 m
- From: 25.7 m
- To: 26.7 m
- Hole Depth: 234 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-001:25.70-26.70
- Mining Method: mixed

#### Location

- Easting: 293060
- Northing: 2824415
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1600.78 m
- Azimuth: 180 °
- Dip: -60 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 0.4
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a sub-economic gold grade, indicating limited materiality.

- Negative factor: Sub-economic grade

Evidence · table

> 0.16

Context: 1.00

### GU26-001

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-29)

Copalquin · silver

#### Identity

- Hole ID: GU26-001
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 17
- Grade Unit: g/t
- Intercept: 1 m
- From: 25.7 m
- To: 26.7 m
- Hole Depth: 234 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-001:25.70-26.70
- Mining Method: mixed

#### Location

- Easting: 293060
- Northing: 2824415
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1600.78 m
- Azimuth: 180 °
- Dip: -60 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a weak silver grade, indicating limited materiality.

- Negative factor: Weak grade for epithermal deposit

Evidence · table

> 17.0

Context: 1.00

### GU26-001

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-30)

Copalquin · gold

#### Identity

- Hole ID: GU26-001
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 1.02
- Grade Unit: g/t
- Intercept: 0.7 m
- From: 74.3 m
- To: 75 m
- Hole Depth: 234 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-001:74.30-75.00
- Mining Method: mixed

#### Location

- Easting: 293060
- Northing: 2824415
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1600.78 m
- Azimuth: 180 °
- Dip: -60 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 2
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 1
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a moderate gold grade over a narrow width, which is less material for an epithermal deposit.

- Negative factor: Narrow intercept length

- Negative factor: Moderate grade for epithermal deposit

Evidence · table

> 1.02

Context: 0.70

### GU26-001

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-31)

Copalquin · silver

#### Identity

- Hole ID: GU26-001
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 68.4
- Grade Unit: g/t
- Intercept: 0.7 m
- From: 74.3 m
- To: 75 m
- Hole Depth: 234 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-001:74.30-75.00
- Mining Method: mixed

#### Location

- Easting: 293060
- Northing: 2824415
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1600.78 m
- Azimuth: 180 °
- Dip: -60 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 1
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a weak silver grade over a narrow width, which is less material for an epithermal deposit.

- Negative factor: Narrow intercept length

- Negative factor: Weak grade for epithermal deposit

Evidence · table

> 68.4

Context: 0.70

### GU26-001

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-32)

Copalquin · gold

#### Identity

- Hole ID: GU26-001
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 0.5
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 79.5 m
- To: 80 m
- Hole Depth: 234 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-001:79.50-80.00
- Mining Method: mixed

#### Location

- Easting: 293060
- Northing: 2824415
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1600.78 m
- Azimuth: 180 °
- Dip: -60 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 0.52
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade over a narrow width, indicating limited materiality.

- Negative factor: Narrow intercept length

- Negative factor: Weak grade for epithermal deposit

Evidence · table

> 0.50

Context: 0.50

### GU26-001

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-33)

Copalquin · silver

#### Identity

- Hole ID: GU26-001
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 1.5
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 79.5 m
- To: 80 m
- Hole Depth: 234 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-001:79.50-80.00
- Mining Method: mixed

#### Location

- Easting: 293060
- Northing: 2824415
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1600.78 m
- Azimuth: 180 °
- Dip: -60 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a sub-economic silver grade, indicating limited materiality.

- Negative factor: Sub-economic grade

Evidence · table

> 1.5

Context: 0.50

### GU26-002

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-34)

Copalquin · gold

#### Identity

- Hole ID: GU26-002
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 33.2
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 134.95 m
- To: 135.45 m
- Hole Depth: 213 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-002:134.95-135.45
- Mining Method: mixed

#### Location

- Easting: 292992
- Northing: 2824386
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1597.58 m
- Azimuth: 180 °
- Dip: -70 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 33.28
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 1
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows an exceptionally high-grade gold result, which is very positive for an epithermal deposit, despite the narrow width.

- Positive factor: Bonanza grade gold intercept

- Positive factor: Exceptional grade for epithermal deposit

- Negative factor: Narrow intercept length

Evidence · table

> 33.20

Context: 0.50

### GU26-002

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-35)

Copalquin · silver

#### Identity

- Hole ID: GU26-002
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 5.9
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 134.95 m
- To: 135.45 m
- Hole Depth: 213 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-002:134.95-135.45
- Mining Method: mixed

#### Location

- Easting: 292992
- Northing: 2824386
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1597.58 m
- Azimuth: 180 °
- Dip: -70 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 1
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a sub-economic silver grade over a narrow width, indicating limited materiality.

- Negative factor: Narrow intercept length

- Negative factor: Sub-economic grade

Evidence · table

> 5.9

Context: 0.50

### GU26-003

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-36)

Copalquin · gold

#### Identity

- Hole ID: GU26-003
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 0.69
- Grade Unit: g/t
- Intercept: 1 m
- From: 19.2 m
- To: 20.2 m
- Hole Depth: 258 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-003:19.20-20.20
- Mining Method: mixed

#### Location

- Easting: 292992
- Northing: 2824386
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1597.58 m
- Azimuth: 210 °
- Dip: -60 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 0.7
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade, indicating limited materiality.

- Negative factor: Weak grade for epithermal deposit

Evidence · table

> 0.69

Context: 1.00

### GU26-003

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-37)

Copalquin · silver

#### Identity

- Hole ID: GU26-003
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 0.9
- Grade Unit: g/t
- Intercept: 1 m
- From: 19.2 m
- To: 20.2 m
- Hole Depth: 258 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-003:19.20-20.20
- Mining Method: mixed

#### Location

- Easting: 292992
- Northing: 2824386
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1597.58 m
- Azimuth: 210 °
- Dip: -60 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a sub-economic silver grade, indicating limited materiality.

- Negative factor: Sub-economic grade

Evidence · table

> 0.9

Context: 1.00

### GU26-003

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-38)

Copalquin · gold

#### Identity

- Hole ID: GU26-003
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 0.29
- Grade Unit: g/t
- Intercept: 1 m
- From: 20.2 m
- To: 21.2 m
- Hole Depth: 258 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-003:20.20-21.20
- Mining Method: mixed

#### Location

- Easting: 292992
- Northing: 2824386
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1597.58 m
- Azimuth: 210 °
- Dip: -60 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 0.32
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade, indicating limited materiality.

- Negative factor: Weak grade for epithermal deposit

Evidence · table

> 0.29

Context: 1.00

### GU26-003

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-39)

Copalquin · silver

#### Identity

- Hole ID: GU26-003
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 2.1
- Grade Unit: g/t
- Intercept: 1 m
- From: 20.2 m
- To: 21.2 m
- Hole Depth: 258 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-003:20.20-21.20
- Mining Method: mixed

#### Location

- Easting: 292992
- Northing: 2824386
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1597.58 m
- Azimuth: 210 °
- Dip: -60 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a sub-economic silver grade, indicating limited materiality.

- Negative factor: Sub-economic grade

Evidence · table

> 2.1

Context: 1.00

### GU26-003

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-40)

Copalquin · gold

#### Identity

- Hole ID: GU26-003
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 0.49
- Grade Unit: g/t
- Intercept: 2 m
- From: 19.2 m
- To: 21.2 m
- Hole Depth: 258 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-003:19.20-21.20
- Mining Method: mixed

#### Location

- Easting: 292992
- Northing: 2824386
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1597.58 m
- Azimuth: 210 °
- Dip: -60 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 0.51
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade, indicating limited materiality.

- Negative factor: Weak grade for epithermal deposit

Evidence · table

> 0.49

Context: 2.00

### GU26-003

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-41)

Copalquin · silver

#### Identity

- Hole ID: GU26-003
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 1.5
- Grade Unit: g/t
- Intercept: 2 m
- From: 19.2 m
- To: 21.2 m
- Hole Depth: 258 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-003:19.20-21.20
- Mining Method: mixed

#### Location

- Easting: 292992
- Northing: 2824386
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1597.58 m
- Azimuth: 210 °
- Dip: -60 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a sub-economic silver grade, indicating limited materiality.

- Negative factor: Sub-economic grade

Evidence · table

> 1.5

Context: 2.00

### GU26-003

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-42)

Copalquin · gold

#### Identity

- Hole ID: GU26-003
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 0.76
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 68.65 m
- To: 69.15 m
- Hole Depth: 258 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-003:68.65-69.15
- Mining Method: mixed

#### Location

- Easting: 292992
- Northing: 2824386
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1597.58 m
- Azimuth: 210 °
- Dip: -60 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 1.16
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 1
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade over a narrow width, which is less material for an epithermal deposit.

- Negative factor: Narrow intercept length

- Negative factor: Weak grade for epithermal deposit

Evidence · table

> 0.76

Context: 0.50

### GU26-003

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-43)

Copalquin · silver

#### Identity

- Hole ID: GU26-003
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 27.7
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 68.65 m
- To: 69.15 m
- Hole Depth: 258 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-003:68.65-69.15
- Mining Method: mixed

#### Location

- Easting: 292992
- Northing: 2824386
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1597.58 m
- Azimuth: 210 °
- Dip: -60 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 1
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a weak silver grade over a narrow width, which is less material for an epithermal deposit.

- Negative factor: Narrow intercept length

- Negative factor: Weak grade for epithermal deposit

Evidence · table

> 27.7

Context: 0.50

### GU26-004

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-44)

Copalquin · gold

#### Identity

- Hole ID: GU26-004
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 0.28
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 11.1 m
- To: 11.6 m
- Hole Depth: 150 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-004:11.10-11.60
- Mining Method: mixed

#### Location

- Easting: 292952
- Northing: 2824397
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1607.43 m
- Azimuth: 210 °
- Dip: -65 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 0.3
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade over a narrow width, indicating limited materiality.

- Negative factor: Narrow intercept length

- Negative factor: Weak grade for epithermal deposit

Evidence · table

> 0.28

Context: 0.50

### GU26-004

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-45)

Copalquin · silver

#### Identity

- Hole ID: GU26-004
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 1.2
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 11.1 m
- To: 11.6 m
- Hole Depth: 150 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-004:11.10-11.60
- Mining Method: mixed

#### Location

- Easting: 292952
- Northing: 2824397
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1607.43 m
- Azimuth: 210 °
- Dip: -65 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a sub-economic silver grade over a narrow width, indicating limited materiality.

- Negative factor: Sub-economic grade

Evidence · table

> 1.2

Context: 0.50

### GU26-004

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-46)

Copalquin · gold

#### Identity

- Hole ID: GU26-004
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 0.41
- Grade Unit: g/t
- Intercept: 1.75 m
- From: 31.75 m
- To: 33.5 m
- Hole Depth: 150 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-004:31.75-33.50
- Mining Method: mixed

#### Location

- Easting: 292952
- Northing: 2824397
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1607.43 m
- Azimuth: 210 °
- Dip: -65 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 0.41
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade, indicating limited materiality.

- Negative factor: Weak grade for epithermal deposit

Evidence · table

> 0.41

Context: 1.75

### GU26-004

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-47)

Copalquin · silver

#### Identity

- Hole ID: GU26-004
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 0.3
- Grade Unit: g/t
- Intercept: 1.75 m
- From: 31.75 m
- To: 33.5 m
- Hole Depth: 150 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-004:31.75-33.50
- Mining Method: mixed

#### Location

- Easting: 292952
- Northing: 2824397
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1607.43 m
- Azimuth: 210 °
- Dip: -65 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a sub-economic silver grade, indicating limited materiality.

- Negative factor: Sub-economic grade

Evidence · table

> 0.3

Context: 1.75

### GU26-004

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-48)

Copalquin · gold

#### Identity

- Hole ID: GU26-004
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 0.37
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 33.5 m
- To: 34 m
- Hole Depth: 150 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-004:33.50-34.00
- Mining Method: mixed

#### Location

- Easting: 292952
- Northing: 2824397
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1607.43 m
- Azimuth: 210 °
- Dip: -65 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 0.38
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade over a narrow width, indicating limited materiality.

- Negative factor: Narrow intercept length

- Negative factor: Weak grade for epithermal deposit

Evidence · table

> 0.37

Context: 0.50

### GU26-004

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-49)

Copalquin · silver

#### Identity

- Hole ID: GU26-004
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 0.9
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 33.5 m
- To: 34 m
- Hole Depth: 150 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-004:33.50-34.00
- Mining Method: mixed

#### Location

- Easting: 292952
- Northing: 2824397
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1607.43 m
- Azimuth: 210 °
- Dip: -65 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a sub-economic silver grade over a narrow width, indicating limited materiality.

- Negative factor: Sub-economic grade

Evidence · table

> 0.9

Context: 0.50

### GU26-004

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-50)

Copalquin · gold

#### Identity

- Hole ID: GU26-004
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 0.8
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 62.3 m
- To: 62.8 m
- Hole Depth: 150 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-004:62.30-62.80
- Mining Method: mixed

#### Location

- Easting: 292952
- Northing: 2824397
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1607.43 m
- Azimuth: 210 °
- Dip: -65 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 0.81
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade over a narrow width, indicating limited materiality.

- Negative factor: Narrow intercept length

- Negative factor: Weak grade for epithermal deposit

Evidence · table

> 0.80

Context: 0.50

### GU26-004

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-51)

Copalquin · silver

#### Identity

- Hole ID: GU26-004
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 0.7
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 62.3 m
- To: 62.8 m
- Hole Depth: 150 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-004:62.30-62.80
- Mining Method: mixed

#### Location

- Easting: 292952
- Northing: 2824397
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1607.43 m
- Azimuth: 210 °
- Dip: -65 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a sub-economic silver grade over a narrow width, indicating limited materiality.

- Negative factor: Sub-economic grade

Evidence · table

> 0.7

Context: 0.50

### GU26-004

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-52)

Copalquin · gold

#### Identity

- Hole ID: GU26-004
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 0.2
- Grade Unit: g/t
- Intercept: 0.65 m
- From: 67.35 m
- To: 68 m
- Hole Depth: 150 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-004:67.35-68.00
- Mining Method: mixed

#### Location

- Easting: 292952
- Northing: 2824397
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1607.43 m
- Azimuth: 210 °
- Dip: -65 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 0.3
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a sub-economic gold grade over a narrow width, indicating limited materiality.

- Negative factor: Narrow intercept length

- Negative factor: Sub-economic grade

Evidence · table

> 0.20

Context: 0.65

### GU26-004

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-53)

Copalquin · silver

#### Identity

- Hole ID: GU26-004
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 6.7
- Grade Unit: g/t
- Intercept: 0.65 m
- From: 67.35 m
- To: 68 m
- Hole Depth: 150 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-004:67.35-68.00
- Mining Method: mixed

#### Location

- Easting: 292952
- Northing: 2824397
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1607.43 m
- Azimuth: 210 °
- Dip: -65 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a sub-economic silver grade over a narrow width, indicating limited materiality.

- Negative factor: Sub-economic grade

Evidence · table

> 6.7

Context: 0.65

### GU26-004

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-54)

Copalquin · gold

#### Identity

- Hole ID: GU26-004
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 0.54
- Grade Unit: g/t
- Intercept: 1.2 m
- From: 68 m
- To: 69.2 m
- Hole Depth: 150 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-004:68.00-69.20
- Mining Method: mixed

#### Location

- Easting: 292952
- Northing: 2824397
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1607.43 m
- Azimuth: 210 °
- Dip: -65 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 0.84
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade, indicating limited materiality.

- Negative factor: Weak grade for epithermal deposit

Evidence · table

> 0.54

Context: 1.20

### GU26-004

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-55)

Copalquin · silver

#### Identity

- Hole ID: GU26-004
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 21.2
- Grade Unit: g/t
- Intercept: 1.2 m
- From: 68 m
- To: 69.2 m
- Hole Depth: 150 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-004:68.00-69.20
- Mining Method: mixed

#### Location

- Easting: 292952
- Northing: 2824397
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1607.43 m
- Azimuth: 210 °
- Dip: -65 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a weak silver grade, indicating limited materiality.

- Negative factor: Weak grade for epithermal deposit

Evidence · table

> 21.2

Context: 1.20

### GU26-004

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-56)

Copalquin · gold

#### Identity

- Hole ID: GU26-004
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 1.24
- Grade Unit: g/t
- Intercept: 0.55 m
- From: 75.85 m
- To: 76.4 m
- Hole Depth: 150 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-004:75.85-76.40
- Mining Method: mixed

#### Location

- Easting: 292952
- Northing: 2824397
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1607.43 m
- Azimuth: 210 °
- Dip: -65 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 1.33
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 1
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a moderate gold grade over a narrow width, which is less material for an epithermal deposit.

- Negative factor: Narrow intercept length

- Negative factor: Moderate grade for epithermal deposit

Evidence · table

> 1.24

Context: 0.55

### GU26-004

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-57)

Copalquin · silver

#### Identity

- Hole ID: GU26-004
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 6.1
- Grade Unit: g/t
- Intercept: 0.55 m
- From: 75.85 m
- To: 76.4 m
- Hole Depth: 150 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-004:75.85-76.40
- Mining Method: mixed

#### Location

- Easting: 292952
- Northing: 2824397
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1607.43 m
- Azimuth: 210 °
- Dip: -65 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 1
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a sub-economic silver grade over a narrow width, indicating limited materiality.

- Negative factor: Narrow intercept length

- Negative factor: Sub-economic grade

Evidence · table

> 6.1

Context: 0.55

### GU26-004

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-58)

Copalquin · gold

#### Identity

- Hole ID: GU26-004
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 0.26
- Grade Unit: g/t
- Intercept: 0.55 m
- From: 80.5 m
- To: 81.05 m
- Hole Depth: 150 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-004:80.50-81.05
- Mining Method: mixed

#### Location

- Easting: 292952
- Northing: 2824397
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1607.43 m
- Azimuth: 210 °
- Dip: -65 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 0.26
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade over a narrow width, indicating limited materiality.

- Negative factor: Narrow intercept length

- Negative factor: Weak grade for epithermal deposit

Evidence · table

> 0.26

Context: 0.55

### GU26-004

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-59)

Copalquin · silver

#### Identity

- Hole ID: GU26-004
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 0.3
- Grade Unit: g/t
- Intercept: 0.55 m
- From: 80.5 m
- To: 81.05 m
- Hole Depth: 150 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-004:80.50-81.05
- Mining Method: mixed

#### Location

- Easting: 292952
- Northing: 2824397
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1607.43 m
- Azimuth: 210 °
- Dip: -65 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a sub-economic silver grade over a narrow width, indicating limited materiality.

- Negative factor: Sub-economic grade

Evidence · table

> 0.3

Context: 0.55

### GU26-005

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-60)

Copalquin · gold

#### Identity

- Hole ID: GU26-005
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 0.19
- Grade Unit: g/t
- Intercept: 0.8 m
- From: 32.2 m
- To: 33 m
- Hole Depth: 132 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-005:32.20-33.00
- Mining Method: mixed

#### Location

- Easting: 293105
- Northing: 2824383
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1568.82 m
- Azimuth: 186 °
- Dip: -60 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 0.31
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a sub-economic gold grade over a narrow width, indicating limited materiality.

- Negative factor: Narrow intercept length

- Negative factor: Sub-economic grade

Evidence · table

> 0.19

Context: 0.80

### GU26-005

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-61)

Copalquin · silver

#### Identity

- Hole ID: GU26-005
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 8.4
- Grade Unit: g/t
- Intercept: 0.8 m
- From: 32.2 m
- To: 33 m
- Hole Depth: 132 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-005:32.20-33.00
- Mining Method: mixed

#### Location

- Easting: 293105
- Northing: 2824383
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1568.82 m
- Azimuth: 186 °
- Dip: -60 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a sub-economic silver grade over a narrow width, indicating limited materiality.

- Negative factor: Narrow intercept length

- Negative factor: Sub-economic grade

Evidence · table

> 8.4

Context: 0.80

### GU26-005

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-62)

Copalquin · gold

#### Identity

- Hole ID: GU26-005
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 0.39
- Grade Unit: g/t
- Intercept: 1.5 m
- From: 48.65 m
- To: 50.15 m
- Hole Depth: 132 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-005:48.65-50.15
- Mining Method: mixed

#### Location

- Easting: 293105
- Northing: 2824383
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1568.82 m
- Azimuth: 186 °
- Dip: -60 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 0.42
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade, indicating limited materiality.

- Negative factor: Weak grade for epithermal deposit

Evidence · table

> 0.39

Context: 1.50

### GU26-005

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-63)

Copalquin · silver

#### Identity

- Hole ID: GU26-005
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 2.4
- Grade Unit: g/t
- Intercept: 1.5 m
- From: 48.65 m
- To: 50.15 m
- Hole Depth: 132 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-005:48.65-50.15
- Mining Method: mixed

#### Location

- Easting: 293105
- Northing: 2824383
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1568.82 m
- Azimuth: 186 °
- Dip: -60 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a sub-economic silver grade, indicating limited materiality.

- Negative factor: Sub-economic grade

Evidence · table

> 2.4

Context: 1.50

### GU26-005

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-64)

Copalquin · gold

#### Identity

- Hole ID: GU26-005
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 0.18
- Grade Unit: g/t
- Intercept: 0.6 m
- From: 68.3 m
- To: 68.9 m
- Hole Depth: 132 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-005:68.30-68.90
- Mining Method: mixed

#### Location

- Easting: 293105
- Northing: 2824383
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1568.82 m
- Azimuth: 186 °
- Dip: -60 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 0.3
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a sub-economic gold grade over a narrow width, indicating limited materiality.

- Negative factor: Narrow intercept length

- Negative factor: Sub-economic grade

Evidence · table

> 0.18

Context: 0.60

### GU26-005

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-65)

Copalquin · silver

#### Identity

- Hole ID: GU26-005
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 8.3
- Grade Unit: g/t
- Intercept: 0.6 m
- From: 68.3 m
- To: 68.9 m
- Hole Depth: 132 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GU26-005:68.30-68.90
- Mining Method: mixed

#### Location

- Easting: 293105
- Northing: 2824383
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1568.82 m
- Azimuth: 186 °
- Dip: -60 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a sub-economic silver grade over a narrow width, indicating limited materiality.

- Negative factor: Narrow intercept length

- Negative factor: Sub-economic grade

Evidence · table

> 8.3

Context: 0.60

### CS26-002

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-66)

Copalquin · gold

#### Identity

- Hole ID: CS26-002
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 0.13
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 48.65 m
- To: 49.15 m
- Hole Depth: 126 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: CS26-002:48.65-49.15
- Mining Method: mixed

#### Location

- Easting: 292996
- Northing: 2824278
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1496.13 m
- Azimuth: 200 °
- Dip: -60 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 0.35
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a sub-economic gold grade over a narrow width, indicating limited materiality.

- Negative factor: Narrow intercept length

- Negative factor: Sub-economic grade

Evidence · table

> 0.13

Context: 0.50

### CS26-002

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-67)

Copalquin · silver

#### Identity

- Hole ID: CS26-002
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 15.6
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 48.65 m
- To: 49.15 m
- Hole Depth: 126 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: CS26-002:48.65-49.15
- Mining Method: mixed

#### Location

- Easting: 292996
- Northing: 2824278
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1496.13 m
- Azimuth: 200 °
- Dip: -60 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a weak silver grade over a narrow width, indicating limited materiality.

- Negative factor: Narrow intercept length

- Negative factor: Weak grade for epithermal deposit

Evidence · table

> 15.6

Context: 0.50

### CS26-002

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-68)

Copalquin · gold

#### Identity

- Hole ID: CS26-002
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 0.26
- Grade Unit: g/t
- Intercept: 1.5 m
- From: 54.5 m
- To: 56 m
- Hole Depth: 126 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: CS26-002:54.50-56.00
- Mining Method: mixed

#### Location

- Easting: 292996
- Northing: 2824278
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1496.13 m
- Azimuth: 200 °
- Dip: -60 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 0.29
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade, indicating limited materiality.

- Negative factor: Weak grade for epithermal deposit

Evidence · table

> 0.26

Context: 1.50

### CS26-002

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-69)

Copalquin · silver

#### Identity

- Hole ID: CS26-002
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 1.9
- Grade Unit: g/t
- Intercept: 1.5 m
- From: 54.5 m
- To: 56 m
- Hole Depth: 126 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: CS26-002:54.50-56.00
- Mining Method: mixed

#### Location

- Easting: 292996
- Northing: 2824278
- CRS: UTM/UPS WGS 84 zone 13 N
- Elevation: 1496.13 m
- Azimuth: 200 °
- Dip: -60 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: g/t AuEq
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This intercept shows a sub-economic silver grade, indicating limited materiality.

- Negative factor: Sub-economic grade

Evidence · table

> 1.9

Context: 1.50

### Fact 71

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-70)

Copalquin · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 4.55
- Grade Unit: g/t

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 2
- Cutoff Unit: g/t AuEq

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2021-11-17T00:00:00.000Z

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This is a historical inferred resource with strong gold grades, but its lower confidence category and historical nature reduce its overall impact.

- Positive factor: Strong grade for epithermal deposit

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Negative factor: Inferred Resource

- Negative factor: Historical Estimate Only

Evidence · table

> 4.55

Context: 1,725

### Fact 72

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-71)

Copalquin · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 151.7
- Grade Unit: g/t

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Compositing

- Cutoff Grade: 2
- Cutoff Unit: g/t AuEq

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2021-11-17T00:00:00.000Z

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: This is a historical inferred resource with moderate silver grades, but its lower confidence category and historical nature reduce its overall impact.

- Positive factor: Moderate grade for epithermal deposit

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Negative factor: Inferred Resource

- Negative factor: Historical Estimate Only

Evidence · table

> 151.7

Context: 1,725

### MA26-001\*

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-72)

Copalquin · gold

#### Identity

- Hole ID: MA26-001\*
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 6.2
- Grade Unit: g/t
- Intercept: 0.85 m
- From: 122.8 m
- To: 123.65 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: MA26-001\*:122.8-123.65
- Mining Method: mixed

#### Location

- CRS: UTM/UPS WGS 84 zone 13 N

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: Expanded from assay table. 6.2 g/t gold is exceptional against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 5.3 g/t·m is below \(grade alone is exceptional; the better of the two is used\).

- Positive factor: 6.2 g/t gold is exceptional on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 6.20

Context: MA26-001\*

### MA26-001\*

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-73)

Copalquin · silver

#### Identity

- Hole ID: MA26-001\*
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 764
- Grade Unit: g/t
- Intercept: 0.85 m
- From: 122.8 m
- To: 123.65 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: MA26-001\*:122.8-123.65
- Mining Method: mixed

#### Location

- CRS: UTM/UPS WGS 84 zone 13 N

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: Expanded from assay table. 764 g/t silver is exceptional against the default band \[500, 200, 100, 30\] g/t. Grade×width 649.4 g/t·m is weak \(grade alone is exceptional; the better of the two is used\).

- Positive factor: 764 g/t silver is exceptional on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 764.0

Context: MA26-001\*

### MA26-001\*

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-74)

Copalquin · gold

#### Identity

- Hole ID: MA26-001\*
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 1.16
- Grade Unit: g/t
- Intercept: 0.75 m
- From: 169.45 m
- To: 170.2 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: MA26-001\*:169.45-170.2
- Mining Method: mixed

#### Location

- CRS: UTM/UPS WGS 84 zone 13 N

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: Expanded from assay table. 1.16 g/t gold is moderate against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 0.9 g/t·m is below \(grade alone is moderate; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 1.16

Context: MA26-001\*

### MA26-001\*

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-75)

Copalquin · silver

#### Identity

- Hole ID: MA26-001\*
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 18.1
- Grade Unit: g/t
- Intercept: 0.75 m
- From: 169.45 m
- To: 170.2 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: MA26-001\*:169.45-170.2
- Mining Method: mixed

#### Location

- CRS: UTM/UPS WGS 84 zone 13 N

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: Expanded from assay table. 18.1 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 13.6 g/t·m is below.

- Negative factor: 18.1 g/t silver is below the weak threshold \(30 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 18.1

Context: MA26-001\*

### JA26-002\*

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-76)

Copalquin · gold

#### Identity

- Hole ID: JA26-002\*
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 2.79
- Grade Unit: g/t
- Intercept: 0.9 m
- From: 155.45 m
- To: 156.35 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: JA26-002\*:155.45-156.35
- Mining Method: mixed

#### Location

- CRS: UTM/UPS WGS 84 zone 13 N

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: Expanded from assay table. 2.79 g/t gold is strong against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 2.5 g/t·m is below \(grade alone is strong; the better of the two is used\).

- Positive factor: 2.79 g/t gold is strong on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 2.79

Context: JA26-002\*

### JA26-002\*

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-77)

Copalquin · silver

#### Identity

- Hole ID: JA26-002\*
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 151
- Grade Unit: g/t
- Intercept: 0.9 m
- From: 155.45 m
- To: 156.35 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: JA26-002\*:155.45-156.35
- Mining Method: mixed

#### Location

- CRS: UTM/UPS WGS 84 zone 13 N

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: Expanded from assay table. 151 g/t silver is moderate against the default band \[500, 200, 100, 30\] g/t. Grade×width 135.9 g/t·m is below \(grade alone is moderate; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 151.0

Context: JA26-002\*

### JA26-004\*

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-78)

Copalquin · gold

#### Identity

- Hole ID: JA26-004\*
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 6.91
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 102.5 m
- To: 103 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: JA26-004\*:102.5-103
- Mining Method: mixed

#### Location

- CRS: UTM/UPS WGS 84 zone 13 N

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: Expanded from assay table. 6.91 g/t gold is exceptional against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 3.5 g/t·m is below \(grade alone is exceptional; the better of the two is used\).

- Positive factor: 6.91 g/t gold is exceptional on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 6.91

Context: JA26-004\*

### JA26-004\*

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-79)

Copalquin · silver

#### Identity

- Hole ID: JA26-004\*
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 475
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 102.5 m
- To: 103 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: JA26-004\*:102.5-103
- Mining Method: mixed

#### Location

- CRS: UTM/UPS WGS 84 zone 13 N

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: Expanded from assay table. 475 g/t silver is strong against the default band \[500, 200, 100, 30\] g/t. Grade×width 237.5 g/t·m is weak \(grade alone is strong; the better of the two is used\).

- Positive factor: 475 g/t silver is strong on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 475.0

Context: JA26-004\*

### JA26-006\*

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-80)

Copalquin · gold

#### Identity

- Hole ID: JA26-006\*
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 1.12
- Grade Unit: g/t
- Intercept: 0.65 m
- From: 54.5 m
- To: 55.15 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: JA26-006\*:54.5-55.15
- Mining Method: mixed

#### Location

- CRS: UTM/UPS WGS 84 zone 13 N

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: Expanded from assay table. 1.12 g/t gold is moderate against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 0.7 g/t·m is below \(grade alone is moderate; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 1.12

Context: JA26-006\*

### JA26-006\*

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-81)

Copalquin · silver

#### Identity

- Hole ID: JA26-006\*
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 17.8
- Grade Unit: g/t
- Intercept: 0.65 m
- From: 54.5 m
- To: 55.15 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: JA26-006\*:54.5-55.15
- Mining Method: mixed

#### Location

- CRS: UTM/UPS WGS 84 zone 13 N

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: Expanded from assay table. 17.8 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 11.6 g/t·m is below.

- Negative factor: 17.8 g/t silver is below the weak threshold \(30 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 17.8

Context: JA26-006\*

### GU26-002\*

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-82)

Copalquin · gold

#### Identity

- Hole ID: GU26-002\*
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 33.2
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 134.95 m
- To: 135.45 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: GU26-002\*:134.95-135.45
- Mining Method: mixed

#### Location

- CRS: UTM/UPS WGS 84 zone 13 N

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: Expanded from assay table. 33.2 g/t gold is exceptional against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 16.6 g/t·m is weak \(grade alone is exceptional; the better of the two is used\).

- Positive factor: 33.2 g/t gold is exceptional on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 33.20

Context: GU26-002\*

### GU26-002\*

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-83)

Copalquin · silver

#### Identity

- Hole ID: GU26-002\*
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 5.9
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 134.95 m
- To: 135.45 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: GU26-002\*:134.95-135.45
- Mining Method: mixed

#### Location

- CRS: UTM/UPS WGS 84 zone 13 N

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: Expanded from assay table. 5.9 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 3.0 g/t·m is below.

- Negative factor: 5.9 g/t silver is below the weak threshold \(30 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 5.9

Context: GU26-002\*

### GU26-003\*

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-84)

Copalquin · gold

#### Identity

- Hole ID: GU26-003\*
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 0.76
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 68.65 m
- To: 69.15 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: GU26-003\*:68.65-69.15
- Mining Method: mixed

#### Location

- CRS: UTM/UPS WGS 84 zone 13 N

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: Expanded from assay table. 0.76 g/t gold is weak against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 0.4 g/t·m is below \(grade alone is weak; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.76

Context: GU26-003\*

### GU26-003\*

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-85)

Copalquin · silver

#### Identity

- Hole ID: GU26-003\*
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 27.7
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 68.65 m
- To: 69.15 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: GU26-003\*:68.65-69.15
- Mining Method: mixed

#### Location

- CRS: UTM/UPS WGS 84 zone 13 N

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: Expanded from assay table. 27.7 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 13.8 g/t·m is below.

- Negative factor: 27.7 g/t silver is below the weak threshold \(30 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 27.7

Context: GU26-003\*

### GU26-004\*

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-86)

Copalquin · gold

#### Identity

- Hole ID: GU26-004\*
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 1.24
- Grade Unit: g/t
- Intercept: 0.55 m
- From: 75.85 m
- To: 76.4 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: GU26-004\*:75.85-76.4
- Mining Method: mixed

#### Location

- CRS: UTM/UPS WGS 84 zone 13 N

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: Expanded from assay table. 1.24 g/t gold is moderate against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 0.7 g/t·m is below \(grade alone is moderate; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 1.24

Context: GU26-004\*

### GU26-004\*

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-confirms-high-grade-and-widespread-silver-and-gold-at-target-3-copalquin--2aa7332d-c89f-4018-a5d3-401eade6c3d6#fact-drill-facts-87)

Copalquin · silver

#### Identity

- Hole ID: GU26-004\*
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 6.1
- Grade Unit: g/t
- Intercept: 0.55 m
- From: 75.85 m
- To: 76.4 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: GU26-004\*:75.85-76.4
- Mining Method: mixed

#### Location

- CRS: UTM/UPS WGS 84 zone 13 N

#### Review

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

#### Dates

- Event date: 2026-04-09T00:00:00.000Z

Reasoning: Expanded from assay table. 6.1 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 3.4 g/t·m is below.

- Negative factor: 6.1 g/t silver is below the weak threshold \(30 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 6.1

Context: GU26-004\*

## 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.