MTH: Investor Presentation
Original announcement by asx on
- Company
- Mithril Silver and Gold Limited
- Ticker
- MTH
- Exchange
- ASX
- Region
- Durango, Mexico
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Drill results, Resource update, Metallurgy
- Extracted
- 2026-09-24 00:17:56 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Mithril Silver and Gold Limited announced a significant upgrade to its Copalquin Target 1 Mineral Resource Estimate, with a 196% increase in Indicated resources. The estimate, effective June 29, 2026, is JORC and NI 43-101 compliant and supports an ongoing Preliminary Economic Assessment. The company also reported strong metallurgical recoveries for gold and silver and outlined an active exploration pipeline across its Copalquin and La Dura projects in Durango, Mexico.
Reasoning: The investor presentation highlights a substantial upgrade to the Target 1 resource, particularly the Indicated category, supported by strong metallurgical recoveries and a clear path to a PEA. The company also showcases a robust exploration pipeline and experienced leadership, indicating significant potential for growth and de-risking in a high-grade silver-gold district.
Positive factors
- Significant increase in Indicated resource for Target 1, de-risking the project
- High-grade nature of the gold-silver mineralization
- Strong metallurgical recoveries for both gold and silver
- Clear exploration and development pipeline with multiple targets
- Experienced management team with direct experience in Mexican high-grade projects
- JORC and NI 43-101 compliant resource estimate with QP sign-off
Negative factors
- Drill results presented are historical, not new assays
- Metal equivalent assumptions rely on specific metal prices and recoveries which can fluctuate
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 26
Classification and evidence
Category Upgradepositive
Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.
Why it applies: The June 2026 upgrade increased the Indicated resource by 196%, indicating a significant improvement in resource confidence.
Evidence · text
“The June 2026 upgrade increased the Indicated resource by 196%”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Mr John Sims, a Certified Registered Geologist, is acting as the independent Competent Person under JORC Code and Qualified Person under NI 43-101 for the resource estimate.
Evidence · text
“Mr John Sims, a Certified Registered Geologist with the American Institute of Professional Geologists. This is a Recognised Professional Organisation under the JORC Code and an Acceptable Foreign Association under NI 43-101. Mr Sims is acting as the independent Competent Person under the 2012 JORC Code and the independent Qualified Person under NI 43-101 for the upgraded Copalquin Target 1 Mineral Resource Estimate, eective June 29, 2026.”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The resource estimate is stated to be compliant with the 2012 JORC Code.
Evidence · text
“Mr Sims is acting as the independent Competent Person under the 2012 JORC Code”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The resource estimate is stated to be compliant with NI 43-101.
Evidence · text
“the independent Qualified Person under NI 43-101 for the upgraded Copalquin Target 1 Mineral Resource Estimate”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The undiluted resource is reported with a 1.50 g/t AuEq cut-off.
Evidence · text
“Undiluted resource reported with a 1.50 g/t AuEq cut-o”
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: Metallurgical recoveries are 96% for gold and 91% for silver, which are strong for these commodities.
Evidence · text
“Metallurgical recoveries are 96% for gold and 91% for silver based on test work on Target 1 composite samples.”
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: The drill results presented are historical, with the slide explicitly stating 'Results reported across Target 1 and district exploration areas' and 'See the ASX announcements listed in the source presentation for full context and technical disclosure.'
Evidence · text
“SELECTED HIGH-GRADE DRILL INTERVALS Results reported across Target 1 and district exploration areas”
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: A Preliminary Economic Assessment (PEA) has commenced for Target 1, supported by the updated resource.
Evidence · text
“TARGET 1 PRELIMINARY ECONOMIC ASSESSMENT PEA (Scoping Study) commenced with permitting in progress”
Single Domain Onlynegative
Testing limited to one composite or domain — representativeness not established.
Why it applies: only one composite was tested
Extracted facts
Stored fact records: 26. Some facts used in scoring do not have a stored record.
Drill Results (16)
CDH-159El Cometa · goldGrade: 80.1Grade Unit: g/tIntercept: 13 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- CDH-159
- Project
- El Cometa
- Commodity
- gold
- Region
- mexico
- Reported Region
- mexico
- Ticker
- MTH
Geometry
- Grade
- 80.1
- Grade Unit
- g/t
- Intercept
- 13 m
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This historical intercept shows an exceptionally high gold grade over a significant width, indicating bonanza-grade potential in the El Cometa area.
Positive factors
- Exceptional gold grade
- Significant intercept length
Negative factors
- Historical result, not new
Evidence · text
“13.00 m 80.1 g/t Au + 675 g/t Ag CDH-159 | El Cometa”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
CDH-159El Cometa · silverGrade: 675Grade Unit: g/tIntercept: 13 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- CDH-159
- Project
- El Cometa
- Commodity
- silver
- Region
- mexico
- Reported Region
- mexico
- Ticker
- MTH
Geometry
- Grade
- 675
- Grade Unit
- g/t
- Intercept
- 13 m
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This historical intercept shows an exceptionally high silver grade over a significant width, indicating bonanza-grade potential in the El Cometa area.
Positive factors
- Exceptional silver grade
- Significant intercept length
Negative factors
- Historical result, not new
Evidence · text
“13.00 m 80.1 g/t Au + 675 g/t Ag CDH-159 | El Cometa”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
CDH-077El Refugio · goldGrade: 80.3Grade Unit: g/tIntercept: 8.26 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- CDH-077
- Project
- El Refugio
- Commodity
- gold
- Region
- mexico
- Reported Region
- mexico
- Ticker
- MTH
Geometry
- Grade
- 80.3
- Grade Unit
- g/t
- Intercept
- 8.26 m
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This historical intercept shows an exceptionally high gold grade over a significant width, highlighting the high-grade nature of the El Refugio area.
Positive factors
- Exceptional gold grade
- Significant intercept length
Negative factors
- Historical result, not new
Evidence · text
“8.26 m 80.3 g/t Au + 705 g/t Ag CDH-077 | El Refugio”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
CDH-077El Refugio · silverGrade: 705Grade Unit: g/tIntercept: 8.26 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- CDH-077
- Project
- El Refugio
- Commodity
- silver
- Region
- mexico
- Reported Region
- mexico
- Ticker
- MTH
Geometry
- Grade
- 705
- Grade Unit
- g/t
- Intercept
- 8.26 m
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This historical intercept shows an exceptionally high silver grade over a significant width, highlighting the high-grade nature of the El Refugio area.
Positive factors
- Exceptional silver grade
- Significant intercept length
Negative factors
- Historical result, not new
Evidence · text
“8.26 m 80.3 g/t Au + 705 g/t Ag CDH-077 | El Refugio”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
MTH-LS25-11La Soledad · goldGrade: 20.5Grade Unit: g/tIntercept: 4.95 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- MTH-LS25-11
- Project
- La Soledad
- Commodity
- gold
- Region
- mexico
- Reported Region
- mexico
- Ticker
- MTH
Geometry
- Grade
- 20.5
- Grade Unit
- g/t
- Intercept
- 4.95 m
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This historical intercept shows an exceptionally high gold grade, indicating bonanza-grade potential at La Soledad.
Positive factors
- Exceptional gold grade
Negative factors
- Historical result, not new
Evidence · text
“4.95 m 20.5 g/t Au + 1,833 g/t Ag MTH-LS25-11 | La Soledad”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
MTH-LS25-11La Soledad · silverGrade: 1833Grade Unit: g/tIntercept: 4.95 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- MTH-LS25-11
- Project
- La Soledad
- Commodity
- silver
- Region
- mexico
- Reported Region
- mexico
- Ticker
- MTH
Geometry
- Grade
- 1833
- Grade Unit
- g/t
- Intercept
- 4.95 m
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This historical intercept shows an exceptionally high silver grade, indicating bonanza-grade potential at La Soledad.
Positive factors
- Exceptional silver grade
Negative factors
- Historical result, not new
Evidence · text
“4.95 m 20.5 g/t Au + 1,833 g/t Ag MTH-LS25-11 | La Soledad”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
MTH-ZG25-37Zaragoza · goldGrade: 6.4Grade Unit: g/tIntercept: 0.57 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- MTH-ZG25-37
- Project
- Zaragoza
- Commodity
- gold
- Region
- mexico
- Reported Region
- mexico
- Ticker
- MTH
Geometry
- Grade
- 6.4
- Grade Unit
- g/t
- Intercept
- 0.57 m
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This historical intercept shows an exceptional gold grade, but its very narrow width limits its individual materiality.
Positive factors
- Exceptional gold grade
Negative factors
- Very narrow intercept length
- Historical result, not new
Evidence · text
“0.57 m 6.40 g/t Au + 4,400 g/t Ag MTH-ZG25-37 | Zaragoza”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
MTH-ZG25-37Zaragoza · silverGrade: 4400Grade Unit: g/tIntercept: 0.57 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- MTH-ZG25-37
- Project
- Zaragoza
- Commodity
- silver
- Region
- mexico
- Reported Region
- mexico
- Ticker
- MTH
Geometry
- Grade
- 4400
- Grade Unit
- g/t
- Intercept
- 0.57 m
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This historical intercept shows an exceptionally high silver grade, indicating bonanza-grade potential despite the narrow width.
Positive factors
- Exceptional silver grade
Negative factors
- Very narrow intercept length
- Historical result, not new
Evidence · text
“0.57 m 6.40 g/t Au + 4,400 g/t Ag MTH-ZG25-37 | Zaragoza”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
CO26-002Copalquin-Zaragoza · goldGrade: 1.8Grade Unit: g/tIntercept: 13.95 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- CO26-002
- Project
- Copalquin-Zaragoza
- Commodity
- gold
- Region
- mexico
- Reported Region
- mexico
- Ticker
- MTH
Geometry
- Grade
- 1.8
- Grade Unit
- g/t
- Intercept
- 13.95 m
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This historical intercept shows a moderate gold grade over a good width, indicating consistent mineralization in the Copalquin-Zaragoza area.
Positive factors
- Moderate gold grade
- Significant intercept length
Negative factors
- Historical result, not new
Evidence · text
“13.95 m 1.80 g/t Au + 264 g/t Ag CO26-002 | Copalquin-Zaragoza”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
CO26-002Copalquin-Zaragoza · silverGrade: 264Grade Unit: g/tIntercept: 13.95 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- CO26-002
- Project
- Copalquin-Zaragoza
- Commodity
- silver
- Region
- mexico
- Reported Region
- mexico
- Ticker
- MTH
Geometry
- Grade
- 264
- Grade Unit
- g/t
- Intercept
- 13.95 m
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This historical intercept shows a strong silver grade over a good width, indicating consistent mineralization in the Copalquin-Zaragoza area.
Positive factors
- Strong silver grade
- Significant intercept length
Negative factors
- Historical result, not new
Evidence · text
“13.95 m 1.80 g/t Au + 264 g/t Ag CO26-002 | Copalquin-Zaragoza”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
T2DH25-006Las Brujas · goldGrade: 8.6Grade Unit: g/tIntercept: 11.5 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- T2DH25-006
- Project
- Las Brujas
- Commodity
- gold
- Region
- mexico
- Reported Region
- mexico
- Ticker
- MTH
Geometry
- Grade
- 8.6
- Grade Unit
- g/t
- Intercept
- 11.5 m
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This historical intercept shows an exceptional gold grade over a good width, highlighting high-grade potential at Las Brujas.
Positive factors
- Exceptional gold grade
- Significant intercept length
Negative factors
- Historical result, not new
Evidence · text
“11.50 m 8.60 g/t Au + 57.6 g/t Ag T2DH25-006 | Las Brujas”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
T2DH25-006Las Brujas · silverGrade: 57.6Grade Unit: g/tIntercept: 11.5 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- T2DH25-006
- Project
- Las Brujas
- Commodity
- silver
- Region
- mexico
- Reported Region
- mexico
- Ticker
- MTH
Geometry
- Grade
- 57.6
- Grade Unit
- g/t
- Intercept
- 11.5 m
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This historical intercept shows a moderate silver grade over a good width, contributing to the overall prospectivity of Las Brujas.
Positive factors
- Moderate silver grade
- Significant intercept length
Negative factors
- Historical result, not new
Evidence · text
“11.50 m 8.60 g/t Au + 57.6 g/t Ag T2DH25-006 | Las Brujas”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
CDH-094Refugio West · goldGrade: 9.64Grade Unit: g/tIntercept: 18.67 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- CDH-094
- Project
- Refugio West
- Commodity
- gold
- Region
- mexico
- Reported Region
- mexico
- Ticker
- MTH
Geometry
- Grade
- 9.64
- Grade Unit
- g/t
- Intercept
- 18.67 m
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This historical intercept shows an exceptional gold grade over a substantial width, indicating strong mineralization at Refugio West.
Positive factors
- Exceptional gold grade
- Significant intercept length
Negative factors
- Historical result, not new
Evidence · text
“18.67 m 9.64 g/t Au + 278 g/t Ag CDH-094 | Refugio West”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
CDH-094Refugio West · silverGrade: 278Grade Unit: g/tIntercept: 18.67 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- CDH-094
- Project
- Refugio West
- Commodity
- silver
- Region
- mexico
- Reported Region
- mexico
- Ticker
- MTH
Geometry
- Grade
- 278
- Grade Unit
- g/t
- Intercept
- 18.67 m
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This historical intercept shows a strong silver grade over a substantial width, indicating strong mineralization at Refugio West.
Positive factors
- Strong silver grade
- Significant intercept length
Negative factors
- Historical result, not new
Evidence · text
“18.67 m 9.64 g/t Au + 278 g/t Ag CDH-094 | Refugio West”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
CDH-040Los Reyes · goldGrade: 32.2Grade Unit: g/tIntercept: 2.22 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- CDH-040
- Project
- Los Reyes
- Commodity
- gold
- Region
- mexico
- Reported Region
- mexico
- Ticker
- MTH
Geometry
- Grade
- 32.2
- Grade Unit
- g/t
- Intercept
- 2.22 m
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This historical intercept shows an exceptionally high gold grade, indicating bonanza-grade potential at Los Reyes despite the narrow width.
Positive factors
- Exceptional gold grade
Negative factors
- Narrow intercept length
- Historical result, not new
Evidence · text
“2.22 m 32.2 g/t Au + 185 g/t Ag CDH-040 | Los Reyes”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
CDH-040Los Reyes · silverGrade: 185Grade Unit: g/tIntercept: 2.22 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- CDH-040
- Project
- Los Reyes
- Commodity
- silver
- Region
- mexico
- Reported Region
- mexico
- Ticker
- MTH
Geometry
- Grade
- 185
- Grade Unit
- g/t
- Intercept
- 2.22 m
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This historical intercept shows a strong silver grade, contributing to the high-grade potential at Los Reyes despite the narrow width.
Positive factors
- Strong silver grade
Negative factors
- Narrow intercept length
- Historical result, not new
Evidence · text
“2.22 m 32.2 g/t Au + 185 g/t Ag CDH-040 | Los Reyes”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Resource Estimates (8)
indicatedCopalquin Target 1 · goldTonnes: 3391000Grade: 3.15Grade Unit: g/tContained Metal: 343Contained Unit: kozView all detailsHide details
Identity
- Project
- Copalquin Target 1
- Commodity
- gold
- Ticker
- MTH
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-29T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr John Sims
- Resource group id
- resource:4ca6fa77ca178a021bee
- Deposit or zone
- Target 1
Resource Data
- Category
- indicated
- Tonnes
- 3391000
- Grade
- 3.15
- Grade Unit
- g/t
- Contained Metal
- 343
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-29
Metal Equivalent
- Metal Eq. Grade
- 4.26
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Indicated gold resource at Target 1 is substantial, high-grade, and forms a key part of the project's de-risking strategy, supporting future economic studies.
Positive factors
- High confidence category (Indicated)
- Significant tonnage and grade for gold
- Supports ongoing PEA
- QP/CP signed and JORC/NI 43-101 compliant
Evidence · table
“3.15”
Context: 3,391
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedCopalquin Target 1 · silverTonnes: 3391000Grade: 77.8Grade Unit: g/tContained Metal: 8479Contained Unit: kozView all detailsHide details
Identity
- Project
- Copalquin Target 1
- Commodity
- silver
- Ticker
- MTH
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-29T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr John Sims
- Resource group id
- resource:4ca6fa77ca178a021bee
- Deposit or zone
- Target 1
Resource Data
- Category
- indicated
- Tonnes
- 3391000
- Grade
- 77.8
- Grade Unit
- g/t
- Contained Metal
- 8479
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-29
Metal Equivalent
- Metal Eq. Grade
- 4.26
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Indicated silver resource at Target 1 is substantial and high-grade, contributing significantly to the project's overall value and supporting future economic studies.
Positive factors
- High confidence category (Indicated)
- Significant tonnage and grade for silver
- Supports ongoing PEA
- QP/CP signed and JORC/NI 43-101 compliant
Evidence · table
“77.8”
Context: 3,391
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredCopalquin Target 1 · goldTonnes: 1436000Grade: 2.23Grade Unit: g/tContained Metal: 103Contained Unit: kozView all detailsHide details
Identity
- Project
- Copalquin Target 1
- Commodity
- gold
- Ticker
- MTH
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-29T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr John Sims
- Resource group id
- resource:de075da99a2072c59b93
- Deposit or zone
- Target 1
Resource Data
- Category
- inferred
- Tonnes
- 1436000
- Grade
- 2.23
- Grade Unit
- g/t
- Contained Metal
- 103
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-29
Metal Equivalent
- Metal Eq. Grade
- 3.28
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Inferred gold resource provides additional potential but requires further drilling to upgrade confidence for economic studies.
Positive factors
- Adds to overall resource base
- High-grade for gold
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“2.23”
Context: 1,436
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredCopalquin Target 1 · silverTonnes: 1436000Grade: 73.6Grade Unit: g/tContained Metal: 3398Contained Unit: kozView all detailsHide details
Identity
- Project
- Copalquin Target 1
- Commodity
- silver
- Ticker
- MTH
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-29T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr John Sims
- Resource group id
- resource:de075da99a2072c59b93
- Deposit or zone
- Target 1
Resource Data
- Category
- inferred
- Tonnes
- 1436000
- Grade
- 73.6
- Grade Unit
- g/t
- Contained Metal
- 3398
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-29
Metal Equivalent
- Metal Eq. Grade
- 3.28
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Inferred silver resource provides additional potential but requires further drilling to upgrade confidence for economic studies.
Positive factors
- Adds to overall resource base
- High-grade for silver
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“73.6”
Context: 1,436
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedCopalquin Target 1 · goldTonnes: 1990000Grade: 5.1Grade Unit: g/tContained Metal: 326Contained Unit: kozView all detailsHide details
Identity
- Project
- Copalquin Target 1
- Commodity
- gold
- Ticker
- MTH
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-29T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr John Sims
- Resource group id
- resource:28fd4f6a445b8f08d4d5
- Deposit or zone
- Target 1
- Material type
- undiluted
Resource Data
- Category
- indicated
- Tonnes
- 1990000
- Grade
- 5.1
- Grade Unit
- g/t
- Contained Metal
- 326
- Contained Unit
- koz
- Cutoff Grade
- 1.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-06-29
Metal Equivalent
- Metal Eq. Grade
- 6.85
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The undiluted Indicated gold resource shows very high grades, indicating strong intrinsic value before mining dilution.
Positive factors
- Very high-grade gold content in the undiluted resource
- High confidence category (Indicated)
- QP/CP signed and JORC/NI 43-101 compliant
Evidence · table
“5.10”
Context: 1,990
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedCopalquin Target 1 · silverTonnes: 1990000Grade: 122Grade Unit: g/tContained Metal: 7832Contained Unit: kozView all detailsHide details
Identity
- Project
- Copalquin Target 1
- Commodity
- silver
- Ticker
- MTH
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-29T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr John Sims
- Resource group id
- resource:28fd4f6a445b8f08d4d5
- Deposit or zone
- Target 1
- Material type
- undiluted
Resource Data
- Category
- indicated
- Tonnes
- 1990000
- Grade
- 122
- Grade Unit
- g/t
- Contained Metal
- 7832
- Contained Unit
- koz
- Cutoff Grade
- 1.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-06-29
Metal Equivalent
- Metal Eq. Grade
- 6.85
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The undiluted Indicated silver resource shows very high grades, indicating strong intrinsic value before mining dilution.
Positive factors
- Very high-grade silver content in the undiluted resource
- High confidence category (Indicated)
- QP/CP signed and JORC/NI 43-101 compliant
Evidence · table
“122”
Context: 1,990
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredCopalquin Target 1 · goldTonnes: 900000Grade: 3.52Grade Unit: g/tContained Metal: 96Contained Unit: kozView all detailsHide details
Identity
- Project
- Copalquin Target 1
- Commodity
- gold
- Ticker
- MTH
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-29T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr John Sims
- Resource group id
- resource:3c8ab29e14bfcae16601
- Deposit or zone
- Target 1
- Material type
- undiluted
Resource Data
- Category
- inferred
- Tonnes
- 900000
- Grade
- 3.52
- Grade Unit
- g/t
- Contained Metal
- 96
- Contained Unit
- koz
- Cutoff Grade
- 1.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-06-29
Metal Equivalent
- Metal Eq. Grade
- 3.28
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The undiluted Inferred gold resource shows high grades, providing additional potential that needs further definition.
Positive factors
- High-grade gold content in the undiluted resource
- Adds to overall resource base
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“3.52”
Context: 900
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredCopalquin Target 1 · silverTonnes: 900000Grade: 109Grade Unit: g/tContained Metal: 3155Contained Unit: kozView all detailsHide details
Identity
- Project
- Copalquin Target 1
- Commodity
- silver
- Ticker
- MTH
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-29T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr John Sims
- Resource group id
- resource:3c8ab29e14bfcae16601
- Deposit or zone
- Target 1
- Material type
- undiluted
Resource Data
- Category
- inferred
- Tonnes
- 900000
- Grade
- 109
- Grade Unit
- g/t
- Contained Metal
- 3155
- Contained Unit
- koz
- Cutoff Grade
- 1.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-06-29
Metal Equivalent
- Metal Eq. Grade
- 3.28
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The undiluted Inferred silver resource shows high grades, providing additional potential that needs further definition.
Positive factors
- High-grade silver content in the undiluted resource
- Adds to overall resource base
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“109”
Context: 900
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Metallurgical Results (2)
Fact 1Copalquin Target 1 · goldRecovery: 96 %View all detailsHide details
Identity
- Project
- Copalquin Target 1
- Commodity
- gold
- Ticker
- MTH
Test Work
- Program Status
- detailed
- Processing Route
- fully mechanized Long Hole Open Stope
- Sample
- Target 1 composite samples
Recovery
- Recovery
- 96 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: A 96% gold recovery is excellent and de-risks the project's processing economics, supporting the ongoing PEA.
Positive factors
- High gold recovery for the processing route
- Based on actual test work
- Supports economic studies
Evidence · text
“Metallurgical recoveries are 96% for gold and 91% for silver based on test work on Target 1 composite samples.”
Tags used in scoring
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 96% is at or above the exceptional band (95%)
Fact 2Copalquin Target 1 · silverRecovery: 91 %View all detailsHide details
Identity
- Project
- Copalquin Target 1
- Commodity
- silver
- Ticker
- MTH
Test Work
- Program Status
- detailed
- Processing Route
- fully mechanized Long Hole Open Stope
- Sample
- Target 1 composite samples
Recovery
- Recovery
- 91 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: A 91% silver recovery is strong and contributes positively to the project's processing economics, supporting the ongoing PEA.
Positive factors
- Strong silver recovery for the processing route
- Based on actual test work
- Supports economic studies
Evidence · text
“Metallurgical recoveries are 96% for gold and 91% for silver based on test work on Target 1 composite samples.”
Tags used in scoring
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 91% is at or above the exceptional band (90%)
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.