Mithril Resources Limited
Primary Ticker: ASX:MTH, TSXV:MSG, OTCQB:MTIRF
Stage of Development: Exploration
Primary Minerals: Gold, Silver
Country / Region: Mexico
Market Cap 123M
Website: Mithril Resources Limited
The Copalquin mining district is located in Durango State, Mexico and covers an entire mining district of 70km2 containing several dozen historic gold and silver mines and workings, ten of which had notable production. The district is within the Sierra Madre Gold Silver Trend which extends north-south along the western side of Mexico and hosts many gold and silver districts.
Multiple mineralisation events, young intrusives thought to be system-driving heat sources, widespread alteration together with extensive surface vein exposures and dozens of historic mine workings, identify the Copalquin mining district as a major epithermal centre for Gold and Silver.
Within 15 months of drilling in the Copalquin District, Mithril delivered a maiden JORC mineral resource estimate demonstrating the high-grade gold and silver resource potential for the district. This maiden resource is detailed below (see ASX release 17 November 2021)^ and a NI 43-101 Technical Report filed on SEDAR+
Management Profile
John Skeet, CEO & Managing Director
Mr Skeet has over 30 years’ experience in gold-silver mining, both in management of operations and developing projects in Australia, Republic of Georgia and Mexico. He successfully developed Ballarat East, Quartzite Gold in Georgia, and Palmarejo Silver Gold Mine in Mexico, prior to the $1.2B Coeur Mining takeover and was COO of Cerro Resources prior to its takeover by Primero Mining. He has over 18 years’ experience in Mexico. He founded Sun Minerals in 2017 and acquired the option to purchase the Copalquin Project in Mexico. He holds a B.App.Sc degree (Met.) and is a Fellow of the AusIMM.
What is your rationale for taking part in 121 Mining Investment?
Mithril is building global awareness with investors
What recent news would you like to highlight to investors attending?
Exploration and drilling results from ongoing 2025 drill program
What are your key goals for the next 3, 6 and 12 months?
3 Months
Geophysics and drilling to define other new discovery targets
6 Months
Update resource for Target 1 area
12 Months
Continue exploration drilling to define new opportunities
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Investor sentiment
What do you think makes your company such a compelling investment?
Exceptional high-grade gold/silver district in prolific trend
What are the top 3 key investor takeaways?
- High-grade gold and silver
- Proven management
- District scale property
