Mithril Silver and Gold Limited is a high-grade gold and silver exploration company focused on its flagship Copalquín District project in Durango State, Mexico. The company controls a sizeable 70 km² land package located within Mexico’s prolific Sierra Madre gold-silver trend, an established region for major discovery and production of precious metals.
At Copalquín, Mithril has identified an epithermal gold-silver system hosting nearly 300 historic mines and workings across a ~10 km by ~7 km area. Surface mapping, channel sampling and recent drilling have confirmed high grade mineralisation and established a maiden JORC-compliant mineral resource estimate at the El Refugio–La Soledad target within the district. The resource comprises indicated and inferred categories combined, delivering hundreds of thousands of ounces of gold and millions of ounces of silver at respectable grades.
The company is now executing an aggressive exploration campaign, planning up to ~45,000 metres of drilling from mid-2025 through mid-2026, supported by multiple drill rigs. The focus is on expanding the existing resource and testing multiple high-priority targets within the district—particularly to the west, east and at depth—where preliminary results have already demonstrated continuity of mineralisation beyond the maiden resource footprint. Additional survey work, including aerial magnetics and fluid-inclusion studies, is underpinning the broader system-scale understanding of Copalquín.
Mithril’s strategy leverages the structural and geological potential of the district, strong technical leadership, and the favourable macro environment for precious metals. With gold and silver prices elevated, and the company advancing toward resource expansion and eventual development, the narrative centres on transitioning from explorer to developer. That said, as with all early-stage companies, risks remain: the underlying resource must expand materially, future drill results must deliver, financing will be required, and a path to production (including economics, permitting, and infrastructure) must be demonstrated.
In short, Mithril Silver and Gold Limited presents an opportunity in the gold-silver space anchored in a high-grade district-scale asset in a mining-friendly jurisdiction, with ongoing drilling poised to unlock additional value and growth potential.
Disclaimer: this is a paid advertisement on behalf of Sierra Madre Gold and Silver. Departures capital was compensated $8500 USD.
