# Mithril Silver & Gold Kicks Off Maiden Drill Programme At Target 3, In The Multi-Target Copalquin Gold-Silver District

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/mithril-silver-gold-kicks-off-maiden-drill-programme-at-target-3-in-the-multi-ta--0e6b6625-ff33-4b54-8e25-58965ce05c08

Original source: https://money.tmx.com/en/quote/MSG/news/4948100131741557/mithril-silver-gold-kicks-off-maiden-drill-programme-at-target-3-in-the-multi-ta

Publisher: tmx

Original announcement: 2026-01-15T12:30:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Mithril Silver and Gold Limited

- Ticker: MSG

- Exchange: TSX

- Region: Durango State, Mexico

- Primary commodity: Gold

- Secondary commodities: Silver

- Document categories: Drill results, Resource update

- Extracted: 2026-08-25 22:55:36 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

Mithril Silver and Gold has commenced its maiden 3,300-metre drill programme at Target 3 within the Copalquin gold-silver district in Mexico. The company also restated its maiden mineral resource for Target 1, which includes 1.725 Mt of Inferred resources at 4.55 g/t gold and 152 g/t silver.

Reasoning: The announcement marks the start of a new drilling campaign at Target 3 while restating a high-grade maiden resource at Target 1.

- Positive factor: Commencement of maiden drill programme at Target 3

- Positive factor: High-grade channel sampling results

- Positive factor: Existing high-grade maiden resource at Target 1

Facts used in scoring: 8

## Classification and evidence

**Bonanza Intercept**

Polarity: positive

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

Why it applies: Channel sampling returned 1,275 g/t silver which is exceptionally high.

Evidence · text

> 1,275 g/t silver

**Maiden Resource**

Polarity: neutral

Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.

Why it applies: The document describes the Target 1 resource as a maiden JORC mineral resource estimate.

Evidence · text

> Mithril delivered a maiden JORC mineral resource estimate

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: Release mentions samples are sent to ALS Global and identifies specific competent persons.

Evidence · text

> Samples are sent to ALS Global

## Extracted facts

Stored fact records: 8. Some facts used in scoring do not have a stored record.

## Drill Results (8)

### Fact 1

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-gold-kicks-off-maiden-drill-programme-at-target-3-in-the-multi-ta--0e6b6625-ff33-4b54-8e25-58965ce05c08#fact-drill-facts-0)

gold

Historical result

Needs review: historical\_restatement

#### Identity

- Commodity: gold
- Ticker: MSG

#### Geometry

- Grade: 16
- Grade Unit: g/t
- Intercept: 0.65 m

#### Classification

- Sample Type: channel
- Group ID: channel-el-jabali:0.65-0.65

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-12-01T00:00:00.000Z

#### Dates

- Event date: 2026-01-15T00:00:00.000Z

Reasoning: High-grade channel sample reported as historical data.

- Positive factor: High-grade intercept

### Fact 2

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-gold-kicks-off-maiden-drill-programme-at-target-3-in-the-multi-ta--0e6b6625-ff33-4b54-8e25-58965ce05c08#fact-drill-facts-1)

silver

Historical result

Needs review: historical\_restatement

#### Identity

- Commodity: silver
- Ticker: MSG

#### Geometry

- Grade: 1275
- Grade Unit: g/t
- Intercept: 0.65 m

#### Classification

- Sample Type: channel
- Group ID: channel-el-jabali:0.65-0.65

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-12-01T00:00:00.000Z

#### Dates

- Event date: 2026-01-15T00:00:00.000Z

Reasoning: High-grade channel sample reported as historical data.

- Positive factor: High-grade intercept

### Fact 3

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-gold-kicks-off-maiden-drill-programme-at-target-3-in-the-multi-ta--0e6b6625-ff33-4b54-8e25-58965ce05c08#fact-drill-facts-2)

gold

Historical result

Needs review: historical\_restatement

#### Identity

- Commodity: gold
- Ticker: MSG

#### Geometry

- Grade: 5.43
- Grade Unit: g/t

#### Review

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

#### Dates

- Event date: 2026-01-15T00:00:00.000Z

Reasoning: Restatement of maiden indicated resource.

- Positive factor: High grade for indicated category

### Fact 4

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-gold-kicks-off-maiden-drill-programme-at-target-3-in-the-multi-ta--0e6b6625-ff33-4b54-8e25-58965ce05c08#fact-drill-facts-3)

silver

Historical result

Needs review: historical\_restatement

#### Identity

- Commodity: silver
- Ticker: MSG

#### Geometry

- Grade: 114.2
- Grade Unit: g/t

#### Review

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

#### Dates

- Event date: 2026-01-15T00:00:00.000Z

Reasoning: Restatement of maiden indicated resource.

### Fact 5

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-gold-kicks-off-maiden-drill-programme-at-target-3-in-the-multi-ta--0e6b6625-ff33-4b54-8e25-58965ce05c08#fact-drill-facts-4)

gold

Historical result

Needs review: historical\_restatement

#### Identity

- Commodity: gold
- Ticker: MSG

#### Geometry

- Grade: 4.63
- Grade Unit: g/t

#### Review

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

#### Dates

- Event date: 2026-01-15T00:00:00.000Z

Reasoning: Restatement of maiden inferred resource.

### Fact 6

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-gold-kicks-off-maiden-drill-programme-at-target-3-in-the-multi-ta--0e6b6625-ff33-4b54-8e25-58965ce05c08#fact-drill-facts-5)

silver

Historical result

Needs review: historical\_restatement

#### Identity

- Commodity: silver
- Ticker: MSG

#### Geometry

- Grade: 137.1
- Grade Unit: g/t

#### Review

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

#### Dates

- Event date: 2026-01-15T00:00:00.000Z

Reasoning: Restatement of maiden inferred resource.

### Fact 7

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-gold-kicks-off-maiden-drill-programme-at-target-3-in-the-multi-ta--0e6b6625-ff33-4b54-8e25-58965ce05c08#fact-drill-facts-6)

gold

Historical result

Needs review: historical\_restatement

#### Identity

- Commodity: gold
- Ticker: MSG

#### Geometry

- Grade: 4.12
- Grade Unit: g/t

#### Review

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

#### Dates

- Event date: 2026-01-15T00:00:00.000Z

Reasoning: Restatement of maiden inferred resource for La Soledad.

### Fact 8

[Link to this fact](https://atlas-staging.minestarters.com/news/mithril-silver-gold-kicks-off-maiden-drill-programme-at-target-3-in-the-multi-ta--0e6b6625-ff33-4b54-8e25-58965ce05c08#fact-drill-facts-7)

silver

Historical result

Needs review: historical\_restatement

#### Identity

- Commodity: silver
- Ticker: MSG

#### Geometry

- Grade: 228.2
- Grade Unit: g/t

#### Review

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

#### Dates

- Event date: 2026-01-15T00:00:00.000Z

Reasoning: Restatement of maiden inferred resource for La Soledad.

## 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.