Mithril Silver and Gold Expands Technical Team for Copalquin Project
MITHRIL SILVER AND GOLD LIMITED (MTH) Share Update January 2025 Thursday 9th
Mithril Silver and Gold Engages Expert Consultants for Copalquin Project
Mithril Silver and Gold Limited has announced the engagement of Daniel Kunz & Associates to bolster its technical capabilities for the Copalquin silver-gold district in Mexico.
Instant Summary:
- Engagement of Daniel Kunz & Associates to support Copalquin project.
- Issuance of 735,000 unlisted share options to DKA.
- Drilling underway for 2025 with 35,000 meters planned.
- Copalquin district road upgrade on schedule.
Engagement of Daniel Kunz & Associates
Mithril Silver and Gold Limited has taken a significant step to enhance its exploration and development efforts at the Copalquin property by engaging Daniel Kunz & Associates, LLC. This partnership aims to leverage the extensive experience of Mr. Kunz and his team, particularly in the Sierra Madre Trend of Durango State, Mexico.
Mr. Kunz, with a robust background in international mining operations, previously served as CEO of Ivanhoe Mines and Prime Mining Corp. His expertise is expected to be instrumental in advancing the Copalquin project, which is strategically located in a region known for its rich mineral deposits.
Project Developments and Strategic Goals
The engagement includes the issuance of 735,000 unlisted share options to DKA, exercisable at A$0.70 for two years. This move aligns with Mithril's strategy to expand its resource base and enhance the technical foundation of its operations.
Drilling operations have already commenced for 2025, with plans to complete 35,000 meters by the year's end. This aggressive drilling schedule is part of Mithril's broader exploration program, which aims to upgrade the resource estimate and test new target areas within the Copalquin district.
Infrastructure and Resource Potential
The ongoing upgrade of the municipal access road is crucial for supporting the expanded exploration activities in the Copalquin district. This infrastructure development is expected to facilitate smoother operations and improve logistical efficiency.
The Copalquin project has demonstrated significant potential, with a maiden JORC mineral resource estimate highlighting high-grade gold and silver resources. Mithril's exploration efforts are focused on expanding this resource footprint and unlocking the district's multi-million-ounce potential.
The engagement of Daniel Kunz & Associates is likely to have a positive impact on Mithril's stock, as it strengthens the company's technical capabilities and supports its ambitious exploration goals. The issuance of share options to DKA aligns the interests of the consultants with Mithril's long-term success.
Investor Reaction:
Analysts are optimistic about the engagement, viewing it as a strategic move to enhance the Copalquin project's development. The involvement of experienced consultants is expected to boost investor confidence in Mithril's ability to achieve its exploration targets.
Conclusion:
Investors should keep a close eye on Mithril's progress at the Copalquin project, as the engagement of Daniel Kunz & Associates marks a pivotal step in the company's growth strategy. Continued updates on drilling results and resource expansion will be key indicators of future success.