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Mithril Silver and Gold Limited

TSXV:MSGLive AI agent

Mithril Silver & Gold’s flagship Copalquin Project covers a 70 km² district-scale land package in Mexico’s prolific Sierra Madre Gold-Silver Trend.

Investor website: https://mithrilsilvergold.com/

About

Mithril Silver & Gold’s flagship Copalquin Project covers a 70 km² district-scale land package in Mexico’s prolific Sierra Madre Gold-Silver Trend. The region is well-established, with a strong history of discovery and development by leading North American mining companies. Mithril’s large epithermal gold-silver system hosts 298 historic mines and workings across a 10 km by 7 km area, offering significant potential for resource expansion and new discoveries. With a strong technical team, meaningful investor support and insider ownership, and a clear strategy to grow high-grade gold-silver resources, Mithril is well-positioned to deliver value through discovery.

Verified company data

Cash position
A$10.8m
Shares outstanding
187487758
Mineral resource
Target 1 – Maiden JORC Mineral Resource Estimate (Nov. 2021) summary (NI43-101 filed Aug 2024): - Indicated 691 kt @ 5.43 g/t gold, 114 g/t silver for 121,000 oz gold plus 2,538,000 oz silver - Inferred 1,725 kt @ 4.55 g/t gold, 152 g/t silver for 252,000 oz gold plus 8,414,000 oz silver (using a cut-off grade of 2.0 g/t AuEq _)_ - 28.6% of the resource tonnage is classified as indicated _*AuEq. = gold equivalent calculated using and gold:silver price ratio of 70:1. That is, 70 g/t silver = 1 g/t gold. The metal prices used to determine the 70:1 ratio are the cumulative average prices for 2021: gold USD1,798.34 and silver: USD25.32 (actual is 71:1) from_ _[kitco.com](https://kitco.com/)_
Projects
["Copalquin District\n\n- Our 70km2 **Copalquin Mining District** project is a **large epithermal gold-silver system**, located in Mexico’s Sierra Madre Gold-Silver Trend\n\n- **Fully funded** **45,000 metres** of drilling from August 2025 **across multiple Targets.** Target 1 resource drilling in process, aiming to ~double the maiden resource in this area. **Drilling commenced at Target 5 in August 2025**\n\n**Area:** **70km2** (10km E-W by 7km N-S) and **298 historic mines and workings.**\n\n**Location:** Durango State, Mexico, 4 hour drive north of the city of Culiacan and 8 hour drive SSW from the city of Chihuahua via highway 24.\n\nThe town of El Durazno is located approximately 20km east of the District. The Copalquin airstrip is serviced several times daily from El Durazno (10 minutes) Tamazula (15 minutes), Culiacan (30 minutes) and Chihuahua (90 minutes).\n\n**Resource & Exploration**\n\nThe Copalquin Project’s maiden JORC Mineral Resource Estimate, released in November 2021 (NI-43-101 filed August 2024), provides an initial assessment of the gold-silver mineralization at the first defined target area within the district. The estimate confirms the presence of a high-grade epithermal system and serves as a foundation for ongoing exploration and resource expansion across the broader project area.\n\n✔ High-grade underground mining taking advantage of topography\n\n✔ 17,700 m drilled, US$12.50 per oz AuEq* all in discovery cost\n\n✔ ~23,000 m drilled at Target 1 area since maiden resource\n\n✔ First of several target areas in the District – 298 historic mines and workings – 70km2\n\n✔ Open at depth, only top 300m drilled – La Soledad open to NW\n\n✔ Cross cutting NW structures mapped\n\n- Indicated 691 kt @ 5.43 g/t gold, 114 g/t silver for 121,000 oz gold + 2,538,000 oz silver\n- Inferred 1,725 kt @ 4.55 g/t gold, 152 g/t silver for 252,000 oz gold + 8,414,000 oz silver\n- 28.6% of the resource tonnage is classified as indicated\n\n[Technical Reports](https://mithrilsilvergold.com/investors/technical-reports/)\n\n_Mineral (JORC – Nov 2021 and NI 43-101- July 2024) resource estimate El Refugio – La Soledad using a cut-off grade of 2.0 g/t AuEq*_"]
Leadership
John Skeet (not discovered), Craig Sharpe (not discovered), David Toyoda (not discovered), Meghan Lewis (not discovered)

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