# Mithril Silver and Gold Stretches High-Grade Copalquin Target 4 Strike to 700 Metres

> Mithril Silver and Gold extended high-grade mineralisation at Copalquin's Target 4 to 700m of strike.

- Published: 2026-10-30T00:51:59+00:00
- Section: Research & Clinical Trials
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-30/mithril-silver-gold-copalquin-target-4-strike
- Source: [TradingView](https://www.tradingview.com/news/smallcaps:041fb0d23094b:0-mithril-silver-and-gold-extends-high-grade-copalquin-target-4-strike-to-700m/)

## Key takeaways

- Mithril Silver and Gold extended the defined mineralised strike at Target 4 in Mexico from 550m to 700m.
- One intersection returned 1.15m grading 855g/t silver and 2.76g/t gold, or 1,048g/t silver equivalent.
- Mithril has drilled 24,181m of its budgeted 25,000m Copalquin program for 2026, with eight assays pending.

Mithril Silver and Gold has extended high-grade silver and gold mineralisation along the Copalquin-Zaragoza structure at its Target 4 prospect in Mexico to 700 metres of strike, up from 550m across two sub-parallel veins. [TradingView](https://www.tradingview.com/news/smallcaps:041fb0d23094b:0-mithril-silver-and-gold-extends-high-grade-copalquin-target-4-strike-to-700m/) reported the results, with eight drill hole assays still pending.

## Mithril's Target 4 Drilling Results

One standout intersection returned 1.15m grading 855 grams per tonne silver and 2.76g/t gold, equivalent to 1,048g/t silver on the company's metal-price and recovery assumptions. A second high-grade interval of 2.65m graded 305.6g/t silver and 1.50g/t gold, while a southeast step-out returned 0.50m grading 1,520g/t silver and 3.11g/t gold.

The new results link mineralisation between the Copalquin and Zaragoza workings across a series of post-mineral dykes. The two veins lie approximately 10m to 15m apart, and Mithril continues to test their extensions in lateral steps of about 60m. Other holes intersected post-mineral dykes or weaker mineralisation.

Channel sampling around the historical San Manuel mine, about 400m southeast along the interpreted trend, returned grades as high as 16.55g/t gold and 616g/t silver across 0.6m. More than 50 of 135 channel samples exceeded 1g/t gold equivalent, and mapping has covered another 80 hectares around the district's second-largest historical underground mine.

"We're focused on unlocking the potential between these targets while advancing the Target 1 scoping study," chief executive officer John Skeet said.

## Mithril's Copalquin District Scale

According to akta.pro [company records](https://akta.pro/company-data), [Mithril Silver and Gold](https://akta.pro/company-profiles/00389hv/mithril-silver-and-gold) is a Melbourne-based explorer founded in 2020 with a pre-revenue revenue estimate. The Copalquin Mining District comprises five contiguous mining concessions spanning 70 km² within Mexico's Sierra Madre Gold-Silver Trend, hosting 298 historic mines and workings across a 10 km by 7 km area.

Target 1 hosts an indicated mineral resource estimate of 464,000 ounces of gold equivalent and an inferred estimate of 151,000oz, based on mining-shape-constrained estimates that include expected dilution. Mithril has drilled 24,181m of its budgeted 25,000m Copalquin program for 2026, with two rigs operating.

## Copalquin Resource Filings Earlier in 2026

Mithril filed a National Instrument 43-101 technical report on August 17, 2026, formalizing an upgraded mineral resource estimate for the Copalquin Property in Durango, Mexico, [Kalkine](https://akta.pro/news-signals) reported. The same filing covered the upgraded estimate for the Target 1 deposit, TradingView reported on August 17, 2026.

In August 2026, Mithril was advancing Copalquin with drilling programs targeting resource growth at Target 1 and Target 3, Kalkine reported on August 11, 2026.

## Target 1 Study Timing

A scoping study and preliminary economic assessment for Target 1 are underway with completion targeted for early 2027. The projected structure remains untested for about 400m northwest towards the Target 1 Refugio area and another 400m southeast towards San Manuel, leaving a potential 1.5-kilometre corridor for investigation.

## Companies in this story

- [Mithril Silver and Gold company profile](https://akta.pro/company-profiles/00389hv/mithril-silver-and-gold) · website: https://mithrilsilvergold.com

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