# Mithril Silver And Gold September 2025 Quarterly Activites Report Accelerating Exploration Progress

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d

Original source: https://money.tmx.com/en/quote/MSG/news/8681807618759520/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e

Publisher: tmx

Original announcement: 2025-10-30T22:55:00.000Z

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, Lead, Zinc

- Document categories: Drill results, Resource update, Capital raise

- Extracted: 2026-08-25 23:07:33 UTC

Narrative sentiment: 0.70 · Bullish

## Minestarters Atlas summary

Mithril Silver And Gold Limited reported positive exploration progress for the September 2025 quarter at its Copalquin District in Mexico, including high-grade gold and silver drill intercepts and channel sampling results that extended mineralization and defined new target areas. The company highlighted a strong cash balance of A$18.3 million following a C$11.5 million placement, positioning it for an accelerated exploration program. The report also re-stated a historical JORC mineral resource estimate for the El Refugio-La Soledad area.

Reasoning: Mithril Silver And Gold reported positive exploration progress with high-grade gold and silver drill intercepts and channel samples extending mineralization and defining new targets in Mexico. The company also highlighted a strong cash balance following a successful capital raise, supporting an accelerated exploration program. The resource update is a re-statement of a historical estimate.

- Positive factor: High-grade drill intercepts

- Positive factor: Extension of mineralization

- Positive factor: New target areas defined by channel sampling

- Positive factor: Strong cash balance

- Positive factor: Successful capital raise

- Positive factor: QP/CP sign-off for technical information

- Negative factor: Resource update is historical

- Negative factor: Drill intercepts reported as apparent width only

- Negative factor: Many high-grade results are from channel samples, which are less definitive than drill results

Facts used in scoring: 142

## Classification and evidence

No classification tags are available.

## Extracted facts

Stored fact records: 142. Some facts used in scoring do not have a stored record.

## Drill Results (142)

### Fact 1

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-0)

Copalquin District · gold

Historical result

Needs review: historical\_restatement

#### Identity

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

#### Geometry

- Grade: 5.43
- 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: 2025-10-30T00:00:00.000Z

Reasoning: Indicated resource for gold at El Refugio, but it is a historical estimate from 2021.

- Positive factor: QP/CP Signed

- Positive factor: JORC Compliant

- Positive factor: NI 43-101 Compliant

- Positive factor: Cut-off Disclosed

- Positive factor: Metal Equivalent Assumptions Disclosed

- Negative factor: Historical Estimate Only

Evidence · table

> 5.43

Context: 691

### Fact 2

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-1)

Copalquin District · silver

Historical result

Needs review: historical\_restatement

#### Identity

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

#### Geometry

- Grade: 114.2
- 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: 2025-10-30T00:00:00.000Z

Reasoning: Indicated resource for silver at El Refugio, but it is a historical estimate from 2021.

- Positive factor: QP/CP Signed

- Positive factor: JORC Compliant

- Positive factor: NI 43-101 Compliant

- Positive factor: Cut-off Disclosed

- Positive factor: Metal Equivalent Assumptions Disclosed

- Negative factor: Historical Estimate Only

Evidence · table

> 114.2

Context: 691

### Fact 3

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-2)

Copalquin District · gold

Historical result

Needs review: historical\_restatement

#### Identity

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

#### Metal Equivalent

- Metal Eq. Grade: 7.06
- Metal Eq. Unit: g/t AuEq
- 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: 2025-10-30T00:00:00.000Z

Reasoning: Indicated resource for gold equivalent at El Refugio, but it is a historical estimate from 2021.

- Positive factor: QP/CP Signed

- Positive factor: JORC Compliant

- Positive factor: NI 43-101 Compliant

- Positive factor: Cut-off Disclosed

- Positive factor: Metal Equivalent Assumptions Disclosed

- Negative factor: Historical Estimate Only

Evidence · table

> 7.06

Context: 691

### Fact 4

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-3)

Copalquin District · gold

Historical result

Needs review: historical\_restatement

#### Identity

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

#### Geometry

- Grade: 4.63
- 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: 2025-10-30T00:00:00.000Z

Reasoning: Inferred resource for gold at El Refugio, but it is a historical estimate from 2021 and represents a lower confidence category.

- Positive factor: QP/CP Signed

- Positive factor: JORC Compliant

- Positive factor: NI 43-101 Compliant

- Positive factor: Cut-off Disclosed

- Positive factor: Metal Equivalent Assumptions Disclosed

- Negative factor: Historical Estimate Only

- Negative factor: Inferred Resource

Evidence · table

> 4.63

Context: 1,447

### Fact 5

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-4)

Copalquin District · silver

Historical result

Needs review: historical\_restatement

#### Identity

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

#### Geometry

- Grade: 137.1
- 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: 2025-10-30T00:00:00.000Z

Reasoning: Inferred resource for silver at El Refugio, but it is a historical estimate from 2021 and represents a lower confidence category.

- Positive factor: QP/CP Signed

- Positive factor: JORC Compliant

- Positive factor: NI 43-101 Compliant

- Positive factor: Cut-off Disclosed

- Positive factor: Metal Equivalent Assumptions Disclosed

- Negative factor: Historical Estimate Only

- Negative factor: Inferred Resource

Evidence · table

> 137.1

Context: 1,447

### Fact 6

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-5)

Copalquin District · gold

Historical result

Needs review: historical\_restatement

#### Identity

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

#### Metal Equivalent

- Metal Eq. Grade: 6.59
- Metal Eq. Unit: g/t AuEq
- 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: 2025-10-30T00:00:00.000Z

Reasoning: Inferred resource for gold equivalent at El Refugio, but it is a historical estimate from 2021 and represents a lower confidence category.

- Positive factor: QP/CP Signed

- Positive factor: JORC Compliant

- Positive factor: NI 43-101 Compliant

- Positive factor: Cut-off Disclosed

- Positive factor: Metal Equivalent Assumptions Disclosed

- Negative factor: Historical Estimate Only

- Negative factor: Inferred Resource

Evidence · table

> 6.59

Context: 1,447

### Fact 7

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-6)

Copalquin District · gold

Historical result

Needs review: historical\_restatement

#### Identity

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

#### Geometry

- Grade: 4.12
- 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: 2025-10-30T00:00:00.000Z

Reasoning: Inferred resource for gold at La Soledad, but it is a historical estimate from 2021 and represents a lower confidence category.

- Positive factor: QP/CP Signed

- Positive factor: JORC Compliant

- Positive factor: NI 43-101 Compliant

- Positive factor: Cut-off Disclosed

- Positive factor: Metal Equivalent Assumptions Disclosed

- Negative factor: Historical Estimate Only

- Negative factor: Inferred Resource

Evidence · table

> 4.12

Context: 278

### Fact 8

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-7)

Copalquin District · silver

Historical result

Needs review: historical\_restatement

#### Identity

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

#### Geometry

- Grade: 228.2
- 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: 2025-10-30T00:00:00.000Z

Reasoning: Inferred resource for silver at La Soledad, but it is a historical estimate from 2021 and represents a lower confidence category.

- Positive factor: QP/CP Signed

- Positive factor: JORC Compliant

- Positive factor: NI 43-101 Compliant

- Positive factor: Cut-off Disclosed

- Positive factor: Metal Equivalent Assumptions Disclosed

- Negative factor: Historical Estimate Only

- Negative factor: Inferred Resource

Evidence · table

> 228.2

Context: 278

### Fact 9

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-8)

Copalquin District · gold

Historical result

Needs review: historical\_restatement

#### Identity

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

#### Metal Equivalent

- Metal Eq. Grade: 7.38
- Metal Eq. Unit: g/t AuEq
- 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: 2025-10-30T00:00:00.000Z

Reasoning: Inferred resource for gold equivalent at La Soledad, but it is a historical estimate from 2021 and represents a lower confidence category.

- Positive factor: QP/CP Signed

- Positive factor: JORC Compliant

- Positive factor: NI 43-101 Compliant

- Positive factor: Cut-off Disclosed

- Positive factor: Metal Equivalent Assumptions Disclosed

- Negative factor: Historical Estimate Only

- Negative factor: Inferred Resource

Evidence · table

> 7.38

Context: 278

### Fact 10

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-9)

Copalquin District · gold

Historical result

Needs review: historical\_restatement

#### Identity

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

#### Geometry

- Grade: 5.43
- 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: 2025-10-30T00:00:00.000Z

Reasoning: Total indicated resource for gold, but it is a historical estimate from 2021.

- Positive factor: QP/CP Signed

- Positive factor: JORC Compliant

- Positive factor: NI 43-101 Compliant

- Positive factor: Cut-off Disclosed

- Positive factor: Metal Equivalent Assumptions Disclosed

- Negative factor: Historical Estimate Only

Evidence · table

> 5.43

Context: 691

### Fact 11

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-10)

Copalquin District · silver

Historical result

Needs review: historical\_restatement

#### Identity

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

#### Geometry

- Grade: 114.2
- 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: 2025-10-30T00:00:00.000Z

Reasoning: Total indicated resource for silver, but it is a historical estimate from 2021.

- Positive factor: QP/CP Signed

- Positive factor: JORC Compliant

- Positive factor: NI 43-101 Compliant

- Positive factor: Cut-off Disclosed

- Positive factor: Metal Equivalent Assumptions Disclosed

- Negative factor: Historical Estimate Only

Evidence · table

> 114.2

Context: 691

### Fact 12

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-11)

Copalquin District · gold

Historical result

Needs review: historical\_restatement

#### Identity

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

#### Metal Equivalent

- Metal Eq. Grade: 7.06
- Metal Eq. Unit: g/t AuEq
- 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: 2025-10-30T00:00:00.000Z

Reasoning: Total indicated resource for gold equivalent, but it is a historical estimate from 2021.

- Positive factor: QP/CP Signed

- Positive factor: JORC Compliant

- Positive factor: NI 43-101 Compliant

- Positive factor: Cut-off Disclosed

- Positive factor: Metal Equivalent Assumptions Disclosed

- Negative factor: Historical Estimate Only

Evidence · table

> 7.06

Context: 691

### Fact 13

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-12)

Copalquin District · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Copalquin District
- 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: 2025-10-30T00:00:00.000Z

Reasoning: Total inferred resource for gold, but it is a historical estimate from 2021 and represents a lower confidence category.

- Positive factor: QP/CP Signed

- Positive factor: JORC Compliant

- Positive factor: NI 43-101 Compliant

- Positive factor: Cut-off Disclosed

- Positive factor: Metal Equivalent Assumptions Disclosed

- Negative factor: Historical Estimate Only

- Negative factor: Inferred Resource

Evidence · table

> 4.55

Context: 1,725

### Fact 14

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-13)

Copalquin District · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Copalquin District
- 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: 2025-10-30T00:00:00.000Z

Reasoning: Total inferred resource for silver, but it is a historical estimate from 2021 and represents a lower confidence category.

- Positive factor: QP/CP Signed

- Positive factor: JORC Compliant

- Positive factor: NI 43-101 Compliant

- Positive factor: Cut-off Disclosed

- Positive factor: Metal Equivalent Assumptions Disclosed

- Negative factor: Historical Estimate Only

- Negative factor: Inferred Resource

Evidence · table

> 151.7

Context: 1,725

### Fact 15

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-14)

Copalquin District · gold

Historical result

Needs review: historical\_restatement

#### Identity

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

#### Metal Equivalent

- Metal Eq. Grade: 6.72
- Metal Eq. Unit: g/t AuEq
- 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: 2025-10-30T00:00:00.000Z

Reasoning: Total inferred resource for gold equivalent, but it is a historical estimate from 2021 and represents a lower confidence category.

- Positive factor: QP/CP Signed

- Positive factor: JORC Compliant

- Positive factor: NI 43-101 Compliant

- Positive factor: Cut-off Disclosed

- Positive factor: Metal Equivalent Assumptions Disclosed

- Negative factor: Historical Estimate Only

- Negative factor: Inferred Resource

Evidence · table

> 6.72

Context: 1,725

### MTH-RE25-45

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-15)

Target 1 · gold

#### Identity

- Hole ID: MTH-RE25-45
- Project: Target 1
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

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

#### Classification

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

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Strong gold intercept \(7.19 g/t over 8.03 m\) extending mineralization to the west, indicating exploration success.

- Positive factor: High Grade

- Positive factor: Step-Out Extension

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Apparent Width Only

Evidence · text

> 7.19 g/t gold, 260 g/t silver over 8.03 m from 257.72 m 1 \(MTH-RE25-45\)

### MTH-RE25-45

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-16)

Target 1 · silver

#### Identity

- Hole ID: MTH-RE25-45
- Project: Target 1
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

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

#### Classification

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

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Strong silver intercept \(260 g/t over 8.03 m\) extending mineralization to the west, indicating exploration success.

- Positive factor: Strong Grade

- Positive factor: Step-Out Extension

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Apparent Width Only

Evidence · text

> 7.19 g/t gold, 260 g/t silver over 8.03 m from 257.72 m 1 \(MTH-RE25-45\)

### MTH-LS25-36

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-17)

Target 1 · gold

#### Identity

- Hole ID: MTH-LS25-36
- Project: Target 1
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 8.63
- Grade Unit: g/t
- Intercept: 3.3 m
- From: 169.7 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: MTH-LS25-36:169.7-173.0
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Strong gold intercept \(8.63 g/t over 3.3 m\) extending mineralization to the east, indicating exploration success.

- Positive factor: Strong Grade

- Positive factor: Step-Out Extension

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Apparent Width Only

Evidence · text

> 8.63 g/t gold, 41.2 g/t silver over 3.3 m from 169.7 m 2 \(MTH-LS25-36\)

### MTH-LS25-36

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-18)

Target 1 · silver

#### Identity

- Hole ID: MTH-LS25-36
- Project: Target 1
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 41.2
- Grade Unit: g/t
- Intercept: 3.3 m
- From: 169.7 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: MTH-LS25-36:169.7-173.0
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak silver intercept \(41.2 g/t over 3.3 m\) extending mineralization to the east, indicating exploration success.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Apparent Width Only

- Negative factor: Weak Grade

Evidence · text

> 8.63 g/t gold, 41.2 g/t silver over 3.3 m from 169.7 m 2 \(MTH-LS25-36\)

### MTH-ZG25-37

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-19)

Target 1 \(Zaragoza\) · gold

#### Identity

- Hole ID: MTH-ZG25-37
- Project: Target 1 \(Zaragoza\)
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 6.4
- Grade Unit: g/t
- Intercept: 0.57 m
- From: 342.4 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: MTH-ZG25-37:342.4-342.97
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Strong gold intercept \(6.40 g/t over 0.57 m\) from first drilling at Zaragoza, indicating new mineralization.

- Positive factor: Strong Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Apparent Width Only

Evidence · text

> 6.40 g/t gold, 4,400 g/t silver over 0.57m from 342.4m \(MTH-ZG25-37\)

### MTH-ZG25-37

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-20)

Target 1 \(Zaragoza\) · silver

#### Identity

- Hole ID: MTH-ZG25-37
- Project: Target 1 \(Zaragoza\)
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 4400
- Grade Unit: g/t
- Intercept: 0.57 m
- From: 342.4 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: MTH-ZG25-37:342.4-342.97
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Exceptional silver intercept \(4,400 g/t over 0.57 m\) from first drilling at Zaragoza, indicating significant new mineralization.

- Positive factor: Bonanza Intercept

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Apparent Width Only

Evidence · text

> 6.40 g/t gold, 4,400 g/t silver over 0.57m from 342.4m \(MTH-ZG25-37\)

### MTH-ZG25-37

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-21)

Target 1 \(Zaragoza\) · gold

#### Identity

- Hole ID: MTH-ZG25-37
- Project: Target 1 \(Zaragoza\)
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 3.49
- Grade Unit: g/t
- Intercept: 0.66 m
- From: 389.1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: MTH-ZG25-37:389.1-389.76
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Moderate gold intercept \(3.49 g/t over 0.66 m\) from first drilling at Zaragoza, indicating new mineralization.

- Positive factor: Moderate Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Apparent Width Only

Evidence · text

> 3.49 g/t gold, 127 g/t silver over 0.66 m from 389.1 m

### MTH-ZG25-37

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-22)

Target 1 \(Zaragoza\) · silver

#### Identity

- Hole ID: MTH-ZG25-37
- Project: Target 1 \(Zaragoza\)
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 127
- Grade Unit: g/t
- Intercept: 0.66 m
- From: 389.1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: MTH-ZG25-37:389.1-389.76
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Moderate silver intercept \(127 g/t over 0.66 m\) from first drilling at Zaragoza, indicating new mineralization.

- Positive factor: Moderate Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Apparent Width Only

Evidence · text

> 3.49 g/t gold, 127 g/t silver over 0.66 m from 389.1 m

### MTH-LS25-35

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-23)

Target 1 \(La Soledad\) · gold

#### Identity

- Hole ID: MTH-LS25-35
- Project: Target 1 \(La Soledad\)
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 9.95
- Grade Unit: g/t
- Intercept: 1.1 m
- From: 156.9 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: MTH-LS25-35:156.9-158.0
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Strong gold intercept \(9.95 g/t over 1.1 m\) confirming mineralization down dip from the existing block model.

- Positive factor: Strong Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Apparent Width Only

Evidence · text

> MTH-LS25-35 1.1m @ 9.95 g/t gold, 44.6 g/t silver from 156.9m

### MTH-LS25-35

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-24)

Target 1 \(La Soledad\) · silver

#### Identity

- Hole ID: MTH-LS25-35
- Project: Target 1 \(La Soledad\)
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 44.6
- Grade Unit: g/t
- Intercept: 1.1 m
- From: 156.9 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: MTH-LS25-35:156.9-158.0
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak silver intercept \(44.6 g/t over 1.1 m\) confirming mineralization down dip from the existing block model.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Apparent Width Only

- Negative factor: Weak Grade

Evidence · text

> MTH-LS25-35 1.1m @ 9.95 g/t gold, 44.6 g/t silver from 156.9m

### MTH-LS25-36

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-25)

Target 1 \(La Soledad\) · gold

#### Identity

- Hole ID: MTH-LS25-36
- Project: Target 1 \(La Soledad\)
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 3.21
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 103.3 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: MTH-LS25-36:103.3-103.8
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Moderate gold intercept \(3.21 g/t over 0.5 m\) confirming mineralization down dip from the existing block model.

- Positive factor: Moderate Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Apparent Width Only

Evidence · text

> MTH-LS25-36 0.5 m @ 3.21 g/t gold, 13.8 g/t silver from 103.3 m

### MTH-LS25-36

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-26)

Target 1 \(La Soledad\) · silver

#### Identity

- Hole ID: MTH-LS25-36
- Project: Target 1 \(La Soledad\)
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 13.8
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 103.3 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: MTH-LS25-36:103.3-103.8
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak silver intercept \(13.8 g/t over 0.5 m\) confirming mineralization down dip from the existing block model.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Apparent Width Only

- Negative factor: Weak Grade

Evidence · text

> MTH-LS25-36 0.5 m @ 3.21 g/t gold, 13.8 g/t silver from 103.3 m

### MTH-LS25-36

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-27)

Target 1 \(La Soledad\) · gold

#### Identity

- Hole ID: MTH-LS25-36
- Project: Target 1 \(La Soledad\)
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 48.85
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 169.7 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: MTH-LS25-36:169.7-170.2
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Exceptional high-grade gold sub-interval \(48.85 g/t over 0.5 m\) confirming mineralization down dip from the existing block model.

- Positive factor: Bonanza Intercept

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Apparent Width Only

Evidence · text

> including 0.5 m @ 48.85 g/t gold, 91.55 g/t silver from 169.7 m

### MTH-LS25-36

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-28)

Target 1 \(La Soledad\) · silver

#### Identity

- Hole ID: MTH-LS25-36
- Project: Target 1 \(La Soledad\)
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 91.55
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 169.7 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: MTH-LS25-36:169.7-170.2
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak silver sub-interval \(91.55 g/t over 0.5 m\) confirming mineralization down dip from the existing block model.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Apparent Width Only

- Negative factor: Weak Grade

Evidence · text

> including 0.5 m @ 48.85 g/t gold, 91.55 g/t silver from 169.7 m

### Fact 30

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-29)

Target 5 \(Tasolera\) · gold

#### Identity

- Project: Target 5 \(Tasolera\)
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 2
- Grade Unit: g/t
- Intercept: 1.3 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak gold grade \(2.0 g/t over 1.3 m\) from channel sampling at Tasolera mine workings, defining a new target area.

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 3,300 g/t silver, 2.0 g/t gold over 1.3 m 3 from channel sampling at the Tasolera mine workings

### Fact 31

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-30)

Target 5 \(Tasolera\) · silver

#### Identity

- Project: Target 5 \(Tasolera\)
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 3300
- Grade Unit: g/t
- Intercept: 1.3 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Exceptional silver grade \(3,300 g/t over 1.3 m\) from channel sampling at Tasolera mine workings, defining a new target area.

- Positive factor: Bonanza Intercept

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 3,300 g/t silver, 2.0 g/t gold over 1.3 m 3 from channel sampling at the Tasolera mine workings

### Fact 32

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-31)

Target 6 \(Santa Cruz mine\) · gold

#### Identity

- Project: Target 6 \(Santa Cruz mine\)
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 57.8
- Grade Unit: g/t
- Intercept: 0.7 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Exceptional high-grade gold channel sample \(57.8 g/t over 0.70 m\) defining a new target area.

- Positive factor: Bonanza Intercept

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 57.8 g/t gold, 2,120 g/t silver over 0.70 m 4

### Fact 33

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-32)

Target 6 \(Santa Cruz mine\) · silver

#### Identity

- Project: Target 6 \(Santa Cruz mine\)
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 2120
- Grade Unit: g/t
- Intercept: 0.7 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Exceptional high-grade silver channel sample \(2,120 g/t over 0.70 m\) defining a new target area.

- Positive factor: Bonanza Intercept

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 57.8 g/t gold, 2,120 g/t silver over 0.70 m 4

### Fact 34

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-33)

Target 6 \(Santa Cruz mine\) · gold

#### Identity

- Project: Target 6 \(Santa Cruz mine\)
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 23.2
- Grade Unit: g/t
- Intercept: 0.7 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Exceptional high-grade gold channel sample \(23.2 g/t over 0.70 m\) from Santa Cruz mine.

- Positive factor: Bonanza Intercept

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.70 m @ 23.2 g/t gold, 755 g/t silver \(814665; underground, Santa Cruz Level 2\)

### Fact 35

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-34)

Target 6 \(Santa Cruz mine\) · silver

#### Identity

- Project: Target 6 \(Santa Cruz mine\)
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 755
- Grade Unit: g/t
- Intercept: 0.7 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Exceptional high-grade silver channel sample \(755 g/t over 0.70 m\) from Santa Cruz mine.

- Positive factor: Exceptional Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.70 m @ 23.2 g/t gold, 755 g/t silver \(814665; underground, Santa Cruz Level 2\)

### Fact 36

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-35)

Target 6 \(Santa Cruz mine\) · gold

#### Identity

- Project: Target 6 \(Santa Cruz mine\)
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 28.1
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Exceptional high-grade gold channel sample \(28.1 g/t over 0.50 m\) from Santa Cruz mine.

- Positive factor: Bonanza Intercept

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.50 m @ 28.1 g/t gold, 233 g/t silver \(814681; underground, Santa Cruz Level 2\)

### Fact 37

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-36)

Target 6 \(Santa Cruz mine\) · silver

#### Identity

- Project: Target 6 \(Santa Cruz mine\)
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 233
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Strong high-grade silver channel sample \(233 g/t over 0.50 m\) from Santa Cruz mine.

- Positive factor: Strong Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.50 m @ 28.1 g/t gold, 233 g/t silver \(814681; underground, Santa Cruz Level 2\)

### Fact 38

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-37)

Target 6 \(Santa Cruz mine\) · gold

#### Identity

- Project: Target 6 \(Santa Cruz mine\)
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 17.4
- Grade Unit: g/t
- Intercept: 0.8 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Exceptional high-grade gold channel sample \(17.4 g/t over 0.80 m\) from Santa Cruz mine.

- Positive factor: Exceptional Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.80 m @ 17.4 g/t gold, 603 g/t silver \(814674; underground, Santa Cruz Level 1\)

### Fact 39

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-38)

Target 6 \(Santa Cruz mine\) · silver

#### Identity

- Project: Target 6 \(Santa Cruz mine\)
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 603
- Grade Unit: g/t
- Intercept: 0.8 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Exceptional high-grade silver channel sample \(603 g/t over 0.80 m\) from Santa Cruz mine.

- Positive factor: Exceptional Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.80 m @ 17.4 g/t gold, 603 g/t silver \(814674; underground, Santa Cruz Level 1\)

### Fact 40

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-39)

Target 6 \(Santa Cruz mine\) · gold

#### Identity

- Project: Target 6 \(Santa Cruz mine\)
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 14.35
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Strong high-grade gold channel sample \(14.35 g/t over 0.50 m\) from Santa Cruz mine.

- Positive factor: Strong Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.50 m @ 14.35 g/t gold, 584 g/t silver \(814658; underground, Santa Cruz Level 2\)

### Fact 41

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-40)

Target 6 \(Santa Cruz mine\) · silver

#### Identity

- Project: Target 6 \(Santa Cruz mine\)
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 584
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Exceptional high-grade silver channel sample \(584 g/t over 0.50 m\) from Santa Cruz mine.

- Positive factor: Exceptional Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.50 m @ 14.35 g/t gold, 584 g/t silver \(814658; underground, Santa Cruz Level 2\)

### Fact 42

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-41)

Target 6 \(Santa Cruz mine\) · gold

#### Identity

- Project: Target 6 \(Santa Cruz mine\)
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 9.06
- Grade Unit: g/t
- Intercept: 0.7 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Strong high-grade gold channel sample \(9.06 g/t over 0.70 m\) from Santa Cruz mine.

- Positive factor: Strong Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.70 m @ 9.06 g/t gold, 421 g/t silver \(814664; underground, Santa Cruz Level 2\)

### Fact 43

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-42)

Target 6 \(Santa Cruz mine\) · silver

#### Identity

- Project: Target 6 \(Santa Cruz mine\)
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 421
- Grade Unit: g/t
- Intercept: 0.7 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Strong high-grade silver channel sample \(421 g/t over 0.70 m\) from Santa Cruz mine.

- Positive factor: Strong Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.70 m @ 9.06 g/t gold, 421 g/t silver \(814664; underground, Santa Cruz Level 2\)

### Fact 44

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-43)

Target 6 \(Santa Cruz mine\) · gold

#### Identity

- Project: Target 6 \(Santa Cruz mine\)
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 7.68
- Grade Unit: g/t
- Intercept: 0.55 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Strong high-grade gold channel sample \(7.68 g/t over 0.55 m\) from Santa Cruz mine.

- Positive factor: Strong Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.55 m @ 7.68 g/t gold, 437 g/t silver \(814685; underground, Santa Cruz Level 2\)

### Fact 45

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-44)

Target 6 \(Santa Cruz mine\) · silver

#### Identity

- Project: Target 6 \(Santa Cruz mine\)
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 437
- Grade Unit: g/t
- Intercept: 0.55 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Strong high-grade silver channel sample \(437 g/t over 0.55 m\) from Santa Cruz mine.

- Positive factor: Strong Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.55 m @ 7.68 g/t gold, 437 g/t silver \(814685; underground, Santa Cruz Level 2\)

### Fact 46

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-45)

Target 6 \(Santa Cruz mine\) · gold

#### Identity

- Project: Target 6 \(Santa Cruz mine\)
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 7.11
- Grade Unit: g/t
- Intercept: 0.8 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Strong high-grade gold channel sample \(7.11 g/t over 0.80 m\) from Santa Cruz mine.

- Positive factor: Strong Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.80 m @ 7.11 g/t gold, 303 g/t silver \(814657; underground, Santa Cruz Level 2\)

### Fact 47

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-46)

Target 6 \(Santa Cruz mine\) · silver

#### Identity

- Project: Target 6 \(Santa Cruz mine\)
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 303
- Grade Unit: g/t
- Intercept: 0.8 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Strong high-grade silver channel sample \(303 g/t over 0.80 m\) from Santa Cruz mine.

- Positive factor: Strong Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.80 m @ 7.11 g/t gold, 303 g/t silver \(814657; underground, Santa Cruz Level 2\)

### Fact 48

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-47)

Target 6 \(Santa Cruz mine\) · gold

#### Identity

- Project: Target 6 \(Santa Cruz mine\)
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 8.42
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Strong high-grade gold channel sample \(8.42 g/t over 0.50 m\) from Santa Cruz mine.

- Positive factor: Strong Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.50 m @ 8.42 g/t gold, 188 g/t silver \(814669; underground, Santa Cruz Level 1\)

### Fact 49

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-48)

Target 6 \(Santa Cruz mine\) · silver

#### Identity

- Project: Target 6 \(Santa Cruz mine\)
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 188
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Moderate high-grade silver channel sample \(188 g/t over 0.50 m\) from Santa Cruz mine.

- Positive factor: Moderate Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.50 m @ 8.42 g/t gold, 188 g/t silver \(814669; underground, Santa Cruz Level 1\)

### Fact 50

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-49)

Target 6 \(Santa Cruz mine\) · gold

#### Identity

- Project: Target 6 \(Santa Cruz mine\)
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 8.28
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Strong high-grade gold channel sample \(8.28 g/t over 0.50 m\) from Santa Cruz mine.

- Positive factor: Strong Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.50 m @ 8.28 g/t gold, 77 g/t silver \(814660; underground, Santa Cruz Level 2\)

### Fact 51

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-50)

Target 6 \(Santa Cruz mine\) · silver

#### Identity

- Project: Target 6 \(Santa Cruz mine\)
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 77
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak high-grade silver channel sample \(77 g/t over 0.50 m\) from Santa Cruz mine.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.50 m @ 8.28 g/t gold, 77 g/t silver \(814660; underground, Santa Cruz Level 2\)

### Fact 52

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-51)

Target 6 \(Santa Cruz mine\) · gold

#### Identity

- Project: Target 6 \(Santa Cruz mine\)
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 3.94
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Moderate high-grade gold channel sample \(3.94 g/t over 0.50 m\) from Santa Cruz mine.

- Positive factor: Moderate Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.50 m @ 3.94 g/t gold, 196 g/t silver \(814683; underground, Santa Cruz Level 2\)

### Fact 53

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-52)

Target 6 \(Santa Cruz mine\) · silver

#### Identity

- Project: Target 6 \(Santa Cruz mine\)
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 196
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Moderate high-grade silver channel sample \(196 g/t over 0.50 m\) from Santa Cruz mine.

- Positive factor: Moderate Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.50 m @ 3.94 g/t gold, 196 g/t silver \(814683; underground, Santa Cruz Level 2\)

### Fact 54

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-53)

Target 6 \(Santa Cruz mine\) · gold

#### Identity

- Project: Target 6 \(Santa Cruz mine\)
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 4.5
- Grade Unit: g/t
- Intercept: 0.9 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Moderate high-grade gold channel sample \(4.50 g/t over 0.90 m\) from Santa Cruz mine.

- Positive factor: Moderate Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.90 m @ 4.50 g/t gold, 94.2 g/t silver \(814659; underground, Santa Cruz Level 2\)

### Fact 55

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-54)

Target 6 \(Santa Cruz mine\) · silver

#### Identity

- Project: Target 6 \(Santa Cruz mine\)
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 94.2
- Grade Unit: g/t
- Intercept: 0.9 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak high-grade silver channel sample \(94.2 g/t over 0.90 m\) from Santa Cruz mine.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.90 m @ 4.50 g/t gold, 94.2 g/t silver \(814659; underground, Santa Cruz Level 2\)

### Fact 56

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-55)

Target 6 \(Santa Cruz mine\) · gold

#### Identity

- Project: Target 6 \(Santa Cruz mine\)
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 1.78
- Grade Unit: g/t
- Intercept: 0.7 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak gold channel sample \(1.78 g/t over 0.70 m\) from Santa Cruz mine.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.70 m @ 1.78 g/t gold, 102 g/t silver \(814687; underground, Santa Cruz Level 2\)

### Fact 57

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-56)

Target 6 \(Santa Cruz mine\) · silver

#### Identity

- Project: Target 6 \(Santa Cruz mine\)
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 102
- Grade Unit: g/t
- Intercept: 0.7 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Moderate silver channel sample \(102 g/t over 0.70 m\) from Santa Cruz mine.

- Positive factor: Moderate Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.70 m @ 1.78 g/t gold, 102 g/t silver \(814687; underground, Santa Cruz Level 2\)

### Fact 58

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-57)

Target 6 \(Santa Cruz mine\) · gold

#### Identity

- Project: Target 6 \(Santa Cruz mine\)
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 2.18
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak gold channel sample \(2.18 g/t over 0.50 m\) from Santa Cruz mine.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.50 m @ 2.18 g/t gold, 56.9 g/t silver \(814679; underground, Santa Cruz Level 2\)

### Fact 59

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-58)

Target 6 \(Santa Cruz mine\) · silver

#### Identity

- Project: Target 6 \(Santa Cruz mine\)
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 56.9
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak silver channel sample \(56.9 g/t over 0.50 m\) from Santa Cruz mine.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.50 m @ 2.18 g/t gold, 56.9 g/t silver \(814679; underground, Santa Cruz Level 2\)

### Fact 60

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-59)

Target 6 \(Santa Cruz mine\) · gold

#### Identity

- Project: Target 6 \(Santa Cruz mine\)
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 1.45
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak gold channel sample \(1.45 g/t over 0.50 m\) from Santa Cruz mine.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.50 m @ 1.45 g/t gold, 76.6 g/t silver \(814663; underground, Santa Cruz Level 2\)

### Fact 61

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-60)

Target 6 \(Santa Cruz mine\) · silver

#### Identity

- Project: Target 6 \(Santa Cruz mine\)
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 76.6
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak silver channel sample \(76.6 g/t over 0.50 m\) from Santa Cruz mine.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.50 m @ 1.45 g/t gold, 76.6 g/t silver \(814663; underground, Santa Cruz Level 2\)

### Fact 62

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-61)

Target 6 \(Santa Cruz mine\) · gold

#### Identity

- Project: Target 6 \(Santa Cruz mine\)
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 1.04
- Grade Unit: g/t
- Intercept: 1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak gold channel sample \(1.04 g/t over 1.00 m\) from Santa Cruz mine.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 1.00m @ 1.04 g/t gold, 64.1 g/t silver \(814672; underground, Santa Cruz Level 1\)

### Fact 63

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-62)

Target 6 \(Santa Cruz mine\) · silver

#### Identity

- Project: Target 6 \(Santa Cruz mine\)
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 64.1
- Grade Unit: g/t
- Intercept: 1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak silver channel sample \(64.1 g/t over 1.00 m\) from Santa Cruz mine.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 1.00m @ 1.04 g/t gold, 64.1 g/t silver \(814672; underground, Santa Cruz Level 1\)

### Fact 64

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-63)

Target 3 · gold

#### Identity

- Project: Target 3
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 1.08
- Grade Unit: g/t
- Intercept: 1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak gold channel sample \(1.08 g/t over 1.0 m\) in preparation for drilling at Target 3.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 1.0 m @ 1.08 g/t gold 114 g/t silver \(527246; underground\)

### Fact 65

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-64)

Target 3 · silver

#### Identity

- Project: Target 3
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 114
- Grade Unit: g/t
- Intercept: 1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Moderate silver channel sample \(114 g/t over 1.0 m\) in preparation for drilling at Target 3.

- Positive factor: Moderate Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 1.0 m @ 1.08 g/t gold 114 g/t silver \(527246; underground\)

### Fact 66

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-65)

Target 3 · gold

#### Identity

- Project: Target 3
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 19.85
- Grade Unit: g/t
- Intercept: 1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Exceptional high-grade gold channel sample \(19.85 g/t over 1.0 m\) in preparation for drilling at Target 3.

- Positive factor: Bonanza Intercept

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 1.0 m @ 19.85 g/t gold 270 g/t silver \( 52724 8; underground\)

### Fact 67

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-66)

Target 3 · silver

#### Identity

- Project: Target 3
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 270
- Grade Unit: g/t
- Intercept: 1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Strong high-grade silver channel sample \(270 g/t over 1.0 m\) in preparation for drilling at Target 3.

- Positive factor: Strong Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 1.0 m @ 19.85 g/t gold 270 g/t silver \( 52724 8; underground\)

### Fact 68

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-67)

Target 3 · gold

#### Identity

- Project: Target 3
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 3.49
- Grade Unit: g/t
- Intercept: 1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Moderate gold channel sample \(3.49 g/t over 1.0 m\) in preparation for drilling at Target 3.

- Positive factor: Moderate Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 1.0 m @ 3.49 g/t gold 231 g/t silver \(527255; surface\)

### Fact 69

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-68)

Target 3 · silver

#### Identity

- Project: Target 3
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 231
- Grade Unit: g/t
- Intercept: 1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Strong high-grade silver channel sample \(231 g/t over 1.0 m\) in preparation for drilling at Target 3.

- Positive factor: Strong Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 1.0 m @ 3.49 g/t gold 231 g/t silver \(527255; surface\)

### Fact 70

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-69)

Target 3 · gold

#### Identity

- Project: Target 3
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 1.32
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak gold channel sample \(1.32 g/t over 0.5 m\) in preparation for drilling at Target 3.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.5 m @ 1.32 g/t gold 66 g/t silver \(527256; surface\)

### Fact 71

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-70)

Target 3 · silver

#### Identity

- Project: Target 3
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 66
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak silver channel sample \(66 g/t over 0.5 m\) in preparation for drilling at Target 3.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.5 m @ 1.32 g/t gold 66 g/t silver \(527256; surface\)

### Fact 72

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-71)

Target 3 · gold

#### Identity

- Project: Target 3
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 2.31
- Grade Unit: g/t
- Intercept: 1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak gold channel sample \(2.31 g/t over 1.0 m\) in preparation for drilling at Target 3.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 1.0 m @ 2.31 g/t gold 60.8 g/t silver \(527271; surface\)

### Fact 73

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-72)

Target 3 · silver

#### Identity

- Project: Target 3
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 60.8
- Grade Unit: g/t
- Intercept: 1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak silver channel sample \(60.8 g/t over 1.0 m\) in preparation for drilling at Target 3.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 1.0 m @ 2.31 g/t gold 60.8 g/t silver \(527271; surface\)

### Fact 74

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-73)

Target 3 · gold

#### Identity

- Project: Target 3
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 3.08
- Grade Unit: g/t
- Intercept: 1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Moderate gold channel sample \(3.08 g/t over 1.0 m\) in preparation for drilling at Target 3.

- Positive factor: Moderate Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 1.0 m @ 3.08 g/t gold 179 g/t silver \(527272; surface\)

### Fact 75

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-74)

Target 3 · silver

#### Identity

- Project: Target 3
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 179
- Grade Unit: g/t
- Intercept: 1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Moderate silver channel sample \(179 g/t over 1.0 m\) in preparation for drilling at Target 3.

- Positive factor: Moderate Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 1.0 m @ 3.08 g/t gold 179 g/t silver \(527272; surface\)

### Fact 76

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-75)

Target 3 · gold

#### Identity

- Project: Target 3
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 1.46
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak gold channel sample \(1.46 g/t over 0.5 m\) in preparation for drilling at Target 3.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.5 m @ 1.46 g/t gold 50.6 g/t silver \(527284; surface\)

### Fact 77

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-76)

Target 3 · silver

#### Identity

- Project: Target 3
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 50.6
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak silver channel sample \(50.6 g/t over 0.5 m\) in preparation for drilling at Target 3.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.5 m @ 1.46 g/t gold 50.6 g/t silver \(527284; surface\)

### Fact 78

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-77)

Target 3 · gold

#### Identity

- Project: Target 3
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 12.4
- Grade Unit: g/t
- Intercept: 0.9 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Strong high-grade gold channel sample \(12.40 g/t over 0.9 m\) in preparation for drilling at Target 3.

- Positive factor: Strong Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.9 m @ 12.40 g/t gold 820 g/t silver \(527285; surface\)

### Fact 79

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-78)

Target 3 · silver

#### Identity

- Project: Target 3
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 820
- Grade Unit: g/t
- Intercept: 0.9 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Exceptional high-grade silver channel sample \(820 g/t over 0.9 m\) in preparation for drilling at Target 3.

- Positive factor: Exceptional Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.9 m @ 12.40 g/t gold 820 g/t silver \(527285; surface\)

### Fact 80

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-79)

Target 3 · gold

#### Identity

- Project: Target 3
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 2.54
- Grade Unit: g/t
- Intercept: 0.6 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak gold channel sample \(2.54 g/t over 0.6 m\) in preparation for drilling at Target 3.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.6 m @ 2.54 g/t gold 170 g/t silver \(742048; underground\)

### Fact 81

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-80)

Target 3 · silver

#### Identity

- Project: Target 3
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 170
- Grade Unit: g/t
- Intercept: 0.6 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Moderate silver channel sample \(170 g/t over 0.6 m\) in preparation for drilling at Target 3.

- Positive factor: Moderate Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.6 m @ 2.54 g/t gold 170 g/t silver \(742048; underground\)

### Fact 82

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-81)

Target 3 · gold

#### Identity

- Project: Target 3
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 2.52
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak gold channel sample \(2.52 g/t over 0.5 m\) in preparation for drilling at Target 3.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.5 m @ 2.52 g/t gold 155 g/t silver \(742049; underground\)

### Fact 83

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-82)

Target 3 · silver

#### Identity

- Project: Target 3
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 155
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Moderate silver channel sample \(155 g/t over 0.5 m\) in preparation for drilling at Target 3.

- Positive factor: Moderate Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.5 m @ 2.52 g/t gold 155 g/t silver \(742049; underground\)

### Fact 84

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-83)

Target 3 · gold

#### Identity

- Project: Target 3
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 1.02
- Grade Unit: g/t
- Intercept: 0.6 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak gold channel sample \(1.02 g/t over 0.6 m\) in preparation for drilling at Target 3.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.6 m @ 1.02 g/t gold 83.3 g/t silver \(814551; underground\)

### Fact 85

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-84)

Target 3 · silver

#### Identity

- Project: Target 3
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 83.3
- Grade Unit: g/t
- Intercept: 0.6 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak silver channel sample \(83.3 g/t over 0.6 m\) in preparation for drilling at Target 3.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.6 m @ 1.02 g/t gold 83.3 g/t silver \(814551; underground\)

### Fact 86

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-85)

Target 3 · gold

#### Identity

- Project: Target 3
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 13.25
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Strong high-grade gold channel sample \(13.25 g/t over 0.5 m\) in preparation for drilling at Target 3.

- Positive factor: Strong Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.5 m @ 13.25 g/t gold 558 g/t silver \(814552; underground\)

### Fact 87

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-86)

Target 3 · silver

#### Identity

- Project: Target 3
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 558
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Exceptional high-grade silver channel sample \(558 g/t over 0.5 m\) in preparation for drilling at Target 3.

- Positive factor: Exceptional Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.5 m @ 13.25 g/t gold 558 g/t silver \(814552; underground\)

### Fact 88

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-87)

Target 3 · gold

#### Identity

- Project: Target 3
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 4.04
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Moderate gold channel sample \(4.04 g/t over 0.5 m\) in preparation for drilling at Target 3.

- Positive factor: Moderate Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.5 m @ 4.04 g/t gold 314 g/t silver \(814553; underground\)

### Fact 89

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-88)

Target 3 · silver

#### Identity

- Project: Target 3
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 314
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Strong silver channel sample \(314 g/t over 0.5 m\) in preparation for drilling at Target 3.

- Positive factor: Strong Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.5 m @ 4.04 g/t gold 314 g/t silver \(814553; underground\)

### Fact 90

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-89)

Target 3 · gold

#### Identity

- Project: Target 3
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 1.4
- Grade Unit: g/t
- Intercept: 0.7 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak gold channel sample \(1.40 g/t over 0.7 m\) in preparation for drilling at Target 3.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.7 m @ 1.40 g/t gold 83.3 g/t silver \(814557; surface\)

### Fact 91

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-90)

Target 3 · silver

#### Identity

- Project: Target 3
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 83.3
- Grade Unit: g/t
- Intercept: 0.7 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak silver channel sample \(83.3 g/t over 0.7 m\) in preparation for drilling at Target 3.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.7 m @ 1.40 g/t gold 83.3 g/t silver \(814557; surface\)

### Fact 92

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-91)

Target 3 · gold

#### Identity

- Project: Target 3
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 5.67
- Grade Unit: g/t
- Intercept: 0.65 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Strong high-grade gold channel sample \(5.67 g/t over 0.65 m\) in preparation for drilling at Target 3.

- Positive factor: Strong Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.65 m @ 5.67 g/t gold 365 g/t silver \(814559; surface\)

### Fact 93

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-92)

Target 3 · silver

#### Identity

- Project: Target 3
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 365
- Grade Unit: g/t
- Intercept: 0.65 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Strong high-grade silver channel sample \(365 g/t over 0.65 m\) in preparation for drilling at Target 3.

- Positive factor: Strong Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.65 m @ 5.67 g/t gold 365 g/t silver \(814559; surface\)

### Fact 94

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-93)

Target 3 · gold

#### Identity

- Project: Target 3
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 3.47
- Grade Unit: g/t
- Intercept: 0.7 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Moderate gold channel sample \(3.47 g/t over 0.7 m\) in preparation for drilling at Target 3.

- Positive factor: Moderate Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.7 m @ 3.47 g/t gold 256 g/t silver \(814565; surface\)

### Fact 95

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-94)

Target 3 · silver

#### Identity

- Project: Target 3
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 256
- Grade Unit: g/t
- Intercept: 0.7 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Strong high-grade silver channel sample \(256 g/t over 0.7 m\) in preparation for drilling at Target 3.

- Positive factor: Strong Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.7 m @ 3.47 g/t gold 256 g/t silver \(814565; surface\)

### Fact 96

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-95)

Target 3 · gold

#### Identity

- Project: Target 3
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 5.8
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Strong high-grade gold channel sample \(5.80 g/t over 0.5 m\) in preparation for drilling at Target 3.

- Positive factor: Strong Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.5 m @ 5.80 g/t gold 1 g/t silver \(814572; surface\)

### Fact 97

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-96)

Target 3 · silver

#### Identity

- Project: Target 3
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 1
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Very low silver grade \(1 g/t over 0.5 m\) in preparation for drilling at Target 3.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.5 m @ 5.80 g/t gold 1 g/t silver \(814572; surface\)

### Fact 98

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-97)

Target 3 · gold

#### Identity

- Project: Target 3
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 1.49
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak gold channel sample \(1.49 g/t over 0.5 m\) in preparation for drilling at Target 3.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.5 m @ 1.49 g/t gold 41.7 g/t silver \(527288; underground\)

### Fact 99

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-98)

Target 3 · silver

#### Identity

- Project: Target 3
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 41.7
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak silver channel sample \(41.7 g/t over 0.5 m\) in preparation for drilling at Target 3.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.5 m @ 1.49 g/t gold 41.7 g/t silver \(527288; underground\)

### Fact 100

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-99)

Target 3 · gold

#### Identity

- Project: Target 3
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 1.02
- Grade Unit: g/t
- Intercept: 0.8 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak gold channel sample \(1.02 g/t over 0.8 m\) in preparation for drilling at Target 3.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.8 m @ 1.02 g/t gold 41.7 g/t silver \(814608; surface\)

### Fact 101

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-100)

Target 3 · silver

#### Identity

- Project: Target 3
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 41.7
- Grade Unit: g/t
- Intercept: 0.8 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak silver channel sample \(41.7 g/t over 0.8 m\) in preparation for drilling at Target 3.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.8 m @ 1.02 g/t gold 41.7 g/t silver \(814608; surface\)

### Fact 102

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-101)

Target 3 · gold

#### Identity

- Project: Target 3
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 2
- Grade Unit: g/t
- Intercept: 1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak gold channel sample \(2.00 g/t over 1.0 m\) in preparation for drilling at Target 3.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 1.0 m @ 2.00 g/t gold 4.7 g/t silver \(814609; surface\)

### Fact 103

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-102)

Target 3 · silver

#### Identity

- Project: Target 3
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 4.7
- Grade Unit: g/t
- Intercept: 1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Very low silver grade \(4.7 g/t over 1.0 m\) in preparation for drilling at Target 3.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 1.0 m @ 2.00 g/t gold 4.7 g/t silver \(814609; surface\)

### Fact 104

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-103)

Target 3 · gold

#### Identity

- Project: Target 3
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 1.73
- Grade Unit: g/t
- Intercept: 1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak gold channel sample \(1.73 g/t over 1.0 m\) in preparation for drilling at Target 3.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 1.0 m @ 1.73 g/t gold 27.6 g/t silver \(814610; underground\)

### Fact 105

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-104)

Target 3 · silver

#### Identity

- Project: Target 3
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 27.6
- Grade Unit: g/t
- Intercept: 1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Very low silver grade \(27.6 g/t over 1.0 m\) in preparation for drilling at Target 3.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 1.0 m @ 1.73 g/t gold 27.6 g/t silver \(814610; underground\)

### Fact 106

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-105)

Target 3 · gold

#### Identity

- Project: Target 3
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 2.08
- Grade Unit: g/t
- Intercept: 1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak gold channel sample \(2.08 g/t over 1.0 m\) in preparation for drilling at Target 3.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 1.0 m @ 2.08 g/t gold 43.4 g/t silver \(814611; underground\)

### Fact 107

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-106)

Target 3 · silver

#### Identity

- Project: Target 3
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 43.4
- Grade Unit: g/t
- Intercept: 1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak silver channel sample \(43.4 g/t over 1.0 m\) in preparation for drilling at Target 3.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 1.0 m @ 2.08 g/t gold 43.4 g/t silver \(814611; underground\)

### Fact 108

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-107)

Target 3 · gold

#### Identity

- Project: Target 3
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 1.34
- Grade Unit: g/t
- Intercept: 0.8 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak gold channel sample \(1.34 g/t over 0.8 m\) in preparation for drilling at Target 3.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.8 m @ 1.34 g/t gold 52.0 g/t silver \(814612; underground\)

### Fact 109

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-108)

Target 3 · silver

#### Identity

- Project: Target 3
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 52
- Grade Unit: g/t
- Intercept: 0.8 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak silver channel sample \(52.0 g/t over 0.8 m\) in preparation for drilling at Target 3.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.8 m @ 1.34 g/t gold 52.0 g/t silver \(814612; underground\)

### Fact 110

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-109)

Target 3 · gold

#### Identity

- Project: Target 3
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 8.03
- Grade Unit: g/t
- Intercept: 0.9 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Strong high-grade gold channel sample \(8.03 g/t over 0.9 m\) in preparation for drilling at Target 3.

- Positive factor: Strong Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.9 m @ 8.03 g/t gold 108 g/t silver \(814613; underground\)

### Fact 111

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-110)

Target 3 · silver

#### Identity

- Project: Target 3
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 108
- Grade Unit: g/t
- Intercept: 0.9 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Moderate silver channel sample \(108 g/t over 0.9 m\) in preparation for drilling at Target 3.

- Positive factor: Moderate Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.9 m @ 8.03 g/t gold 108 g/t silver \(814613; underground\)

### Fact 112

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-111)

Target 3 \(Jabali Level 3\) · gold

#### Identity

- Project: Target 3 \(Jabali Level 3\)
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 8.81
- Grade Unit: g/t
- Intercept: 0.7 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Strong high-grade gold channel sample \(8.81 g/t over 0.7 m\) from Jabali Level 3 at Target 3.

- Positive factor: Strong Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.7 m @ 8.81 g/t gold, 329 g/t silver \( Jabali Level 3; Target 3; Underground\)

### Fact 113

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-112)

Target 3 \(Jabali Level 3\) · silver

#### Identity

- Project: Target 3 \(Jabali Level 3\)
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 329
- Grade Unit: g/t
- Intercept: 0.7 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Strong high-grade silver channel sample \(329 g/t over 0.7 m\) from Jabali Level 3 at Target 3.

- Positive factor: Strong Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.7 m @ 8.81 g/t gold, 329 g/t silver \( Jabali Level 3; Target 3; Underground\)

### Fact 114

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-113)

Target 3 \(Jabali Level 3\) · gold

#### Identity

- Project: Target 3 \(Jabali Level 3\)
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 3.42
- Grade Unit: g/t
- Intercept: 1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Moderate gold channel sample \(3.42 g/t over 1.0 m\) from Jabali Level 3 at Target 3.

- Positive factor: Moderate Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 1.0 m @ 3.42 g/t gold, 194 g/t silver \( Jabali Level 3; Target 3; Underground\)

### Fact 115

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-114)

Target 3 \(Jabali Level 3\) · silver

#### Identity

- Project: Target 3 \(Jabali Level 3\)
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 194
- Grade Unit: g/t
- Intercept: 1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Moderate silver channel sample \(194 g/t over 1.0 m\) from Jabali Level 3 at Target 3.

- Positive factor: Moderate Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 1.0 m @ 3.42 g/t gold, 194 g/t silver \( Jabali Level 3; Target 3; Underground\)

### Fact 116

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-115)

Target 3 \(Jabali Level 3\) · gold

#### Identity

- Project: Target 3 \(Jabali Level 3\)
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 5.16
- Grade Unit: g/t
- Intercept: 0.7 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Strong high-grade gold channel sample \(5.16 g/t over 0.7 m\) from Jabali Level 3 at Target 3.

- Positive factor: Strong Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.7 m @ 5.16 g/t gold, 176 g/t silver \( Jabali Level 3; Target 3; Underground\)

### Fact 117

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-116)

Target 3 \(Jabali Level 3\) · silver

#### Identity

- Project: Target 3 \(Jabali Level 3\)
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 176
- Grade Unit: g/t
- Intercept: 0.7 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Moderate silver channel sample \(176 g/t over 0.7 m\) from Jabali Level 3 at Target 3.

- Positive factor: Moderate Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.7 m @ 5.16 g/t gold, 176 g/t silver \( Jabali Level 3; Target 3; Underground\)

### Fact 118

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-117)

Target 3 \(North Jabali\) · gold

#### Identity

- Project: Target 3 \(North Jabali\)
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 2.18
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak gold channel sample \(2.18 g/t over 0.5 m\) from North Jabali at Target 3.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.5 m @ 2.18 g/t gold, 100 g/t silver \(North Jabali; Target 3; Surface\)

### Fact 119

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-118)

Target 3 \(North Jabali\) · silver

#### Identity

- Project: Target 3 \(North Jabali\)
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 100
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Moderate silver channel sample \(100 g/t over 0.5 m\) from North Jabali at Target 3.

- Positive factor: Moderate Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.5 m @ 2.18 g/t gold, 100 g/t silver \(North Jabali; Target 3; Surface\)

### Fact 120

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-119)

Target 5 · gold

#### Identity

- Project: Target 5
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 1.17
- Grade Unit: g/t
- Intercept: 0.6 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak gold channel sample \(1.17 g/t over 0.6 m\) from Target 5.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.6 m @ 1.17 g/t gold 85 g/t silver \( 814016 ; surface\)

### Fact 121

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-120)

Target 5 · silver

#### Identity

- Project: Target 5
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 85
- Grade Unit: g/t
- Intercept: 0.6 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak silver channel sample \(85 g/t over 0.6 m\) from Target 5.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.6 m @ 1.17 g/t gold 85 g/t silver \( 814016 ; surface\)

### Fact 122

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-121)

Target 5 · gold

#### Identity

- Project: Target 5
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 1.17
- Grade Unit: g/t
- Intercept: 0.55 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak gold channel sample \(1.17 g/t over 0.55 m\) from Target 5.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.55 m @ 1.17 g/t gold 34.1 g/t silver \(814033; surface\)

### Fact 123

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-122)

Target 5 · silver

#### Identity

- Project: Target 5
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 34.1
- Grade Unit: g/t
- Intercept: 0.55 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak silver channel sample \(34.1 g/t over 0.55 m\) from Target 5.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.55 m @ 1.17 g/t gold 34.1 g/t silver \(814033; surface\)

### Fact 124

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-123)

Target 5 · gold

#### Identity

- Project: Target 5
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 1.28
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak gold channel sample \(1.28 g/t over 0.5 m\) from Target 5.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.5 m @ 1.28 g/t gold 59.3 g/t silver \(814037; surface\)

### Fact 125

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-124)

Target 5 · silver

#### Identity

- Project: Target 5
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 59.3
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak silver channel sample \(59.3 g/t over 0.5 m\) from Target 5.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.5 m @ 1.28 g/t gold 59.3 g/t silver \(814037; surface\)

### Fact 126

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-125)

Target 5 · gold

#### Identity

- Project: Target 5
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 1.29
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak gold channel sample \(1.29 g/t over 0.5 m\) from Target 5.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.5 m @ 1.29g/t gold 252 g/t silver \(814045; surface\)

### Fact 127

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-126)

Target 5 · silver

#### Identity

- Project: Target 5
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 252
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Strong high-grade silver channel sample \(252 g/t over 0.5 m\) from Target 5.

- Positive factor: Strong Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.5 m @ 1.29g/t gold 252 g/t silver \(814045; surface\)

### Fact 128

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-127)

Target 5 · gold

#### Identity

- Project: Target 5
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 3.07
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Moderate gold channel sample \(3.07 g/t over 0.5 m\) from Target 5.

- Positive factor: Moderate Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.5 m @ 3.07 g/t gold 34.2 g/t silver \(814053; surface\)

### Fact 129

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-128)

Target 5 · silver

#### Identity

- Project: Target 5
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 34.2
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak silver channel sample \(34.2 g/t over 0.5 m\) from Target 5.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.5 m @ 3.07 g/t gold 34.2 g/t silver \(814053; surface\)

### Fact 130

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-129)

Target 5 · gold

#### Identity

- Project: Target 5
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 1.11
- Grade Unit: g/t
- Intercept: 0.3 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak gold channel sample \(1.11 g/t over 0.3 m\) from Target 5.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.3 m @ 1.11 g/t gold 43.0 g/t silver \(814058; surface\)

### Fact 131

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-130)

Target 5 · silver

#### Identity

- Project: Target 5
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 43
- Grade Unit: g/t
- Intercept: 0.3 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak silver channel sample \(43.0 g/t over 0.3 m\) from Target 5.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.3 m @ 1.11 g/t gold 43.0 g/t silver \(814058; surface\)

### Fact 132

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-131)

Target 5 \(La Maquina\) · gold

#### Identity

- Project: Target 5 \(La Maquina\)
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 27.9
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Exceptional high-grade gold channel sample \(27.9 g/t over 0.50 m\) from La Maquina at Target 5.

- Positive factor: Bonanza Intercept

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.50 m @ 27.9 g/t gold, 14 g/t silver \(814239; surface, La Maquina\)

### Fact 133

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-132)

Target 5 \(La Maquina\) · silver

#### Identity

- Project: Target 5 \(La Maquina\)
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 14
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Very low silver grade \(14 g/t over 0.50 m\) from La Maquina at Target 5.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.50 m @ 27.9 g/t gold, 14 g/t silver \(814239; surface, La Maquina\)

### Fact 134

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-133)

Target 5 \(La Cucaracha\) · gold

#### Identity

- Project: Target 5 \(La Cucaracha\)
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 9.6
- Grade Unit: g/t
- Intercept: 0.3 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Strong high-grade gold channel sample \(9.60 g/t over 0.30 m\) from La Cucaracha at Target 5.

- Positive factor: Strong Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.30 m @ 9.60 g/t gold, 608 g/t silver \(814194; surface, La Cucaracha\)

### Fact 135

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-134)

Target 5 \(La Cucaracha\) · silver

#### Identity

- Project: Target 5 \(La Cucaracha\)
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 608
- Grade Unit: g/t
- Intercept: 0.3 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Exceptional high-grade silver channel sample \(608 g/t over 0.30 m\) from La Cucaracha at Target 5.

- Positive factor: Exceptional Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.30 m @ 9.60 g/t gold, 608 g/t silver \(814194; surface, La Cucaracha\)

### Fact 136

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-135)

Target 5 \(La Cucaracha\) · gold

#### Identity

- Project: Target 5 \(La Cucaracha\)
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 2.02
- Grade Unit: g/t
- Intercept: 0.2 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak gold channel sample \(2.02 g/t over 0.20 m\) from La Cucaracha at Target 5.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.20 m @ 2.02 g/t gold, 403 g/t silver \(814198; surface, La Cucaracha\)

### Fact 137

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-136)

Target 5 \(La Cucaracha\) · silver

#### Identity

- Project: Target 5 \(La Cucaracha\)
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 403
- Grade Unit: g/t
- Intercept: 0.2 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Strong high-grade silver channel sample \(403 g/t over 0.20 m\) from La Cucaracha at Target 5.

- Positive factor: Strong Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.20 m @ 2.02 g/t gold, 403 g/t silver \(814198; surface, La Cucaracha\)

### Fact 138

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-137)

Target 5 \(La Maquina\) · gold

#### Identity

- Project: Target 5 \(La Maquina\)
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 3.54
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Moderate gold channel sample \(3.54 g/t over 0.50 m\) from La Maquina at Target 5.

- Positive factor: Moderate Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 0.50 m @ 3.54 g/t gold, 11.3 g/t silver \(814212; surface, La Maquina\)

### Fact 139

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-138)

Target 5 \(La Maquina\) · silver

#### Identity

- Project: Target 5 \(La Maquina\)
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 11.3
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Very low silver grade \(11.3 g/t over 0.50 m\) from La Maquina at Target 5.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.50 m @ 3.54 g/t gold, 11.3 g/t silver \(814212; surface, La Maquina\)

### Fact 140

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-139)

Target 5 \(La Maquina\) · gold

#### Identity

- Project: Target 5 \(La Maquina\)
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 1.08
- Grade Unit: g/t
- Intercept: 1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak gold channel sample \(1.08 g/t over 1.00 m\) from La Maquina at Target 5.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 1.00 m @ 1.08 g/t gold, 162 g/t silver \(814224; surface, La Maquina\)

### Fact 141

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-140)

Target 5 \(La Maquina\) · silver

#### Identity

- Project: Target 5 \(La Maquina\)
- Commodity: silver
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 162
- Grade Unit: g/t
- Intercept: 1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Moderate silver channel sample \(162 g/t over 1.00 m\) from La Maquina at Target 5.

- Positive factor: Moderate Grade

- Positive factor: Exploration Drilling

- Positive factor: QA/QC Disclosed

- Negative factor: Channel Sample

Evidence · text

> 1.00 m @ 1.08 g/t gold, 162 g/t silver \(814224; surface, La Maquina\)

### Fact 142

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-and-gold-september-2025-quarterly-activites-report-accelerating-e--a2cb4219-c4f2-4598-8ab5-63b7d75cb60d#fact-drill-facts-141)

Target 5 \(La Maquina\) · gold

#### Identity

- Project: Target 5 \(La Maquina\)
- Commodity: gold
- Region: mexico
- Reported Region: Durango State, Mexico
- Ticker: MSG

#### Geometry

- Grade: 1.04
- Grade Unit: g/t
- Intercept: 0.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: channel
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Weak gold channel sample \(1.04 g/t over 0.50 m\) from La Maquina at Target 5.

- Positive factor: QA/QC Disclosed

- Positive factor: Exploration Drilling

- Negative factor: Channel Sample

- Negative factor: Weak Grade

Evidence · text

> 0.50 m @ 1.04 g/t gold, 158 g/t silver \(814191; surface, La Maquina\)

## 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.