Mithril Provides Exploration Update Over Multiple Targets, Copalquin Silver-Gold Project, Mexico
(TheNewswire)
Melbourne, Australia and Vancouver, Canada – February11, 2026 – TheNewswire - Mithril Silver and Gold Limited ("Mithril” or the"Company") (TSXV: MSG) (ASX: MTH) (OTCQB: MTIRF) is pleasedto provide details of continued explorationprogress at Mithril’s district scale Copalquinproperty, Durango State, Mexico.
The maiden drillprogramme at Target 5 has confirmed alarge silver rich targetin the south-west of the Copalquin District. High grade silver andgold mineralisation has been outlined within a series of northwesttrending banded quartz veins hosted in granodiorite over an areaextending 3.2 km from El Gallo in the northwest toGuamuchilito in the southeast and 3.0 km from El Jarillal in thesouthwest to the Zaragoza workings in the northeast (an area of 9.6 km).
Drilling at the Apomal workings has defined amineralised zone over 350m of strike length. Drilling at theTasolera workings to the southeast, intercepted a major alterationzone 70m thick containing elevated silver and base metal values. Thealteration zone is associated with a major shear zone and indicatesthat a significant amount of hydrothermal fluids has passed throughthese rocks, similar to the structures intercepted below Target 1.Further along trend to the southeast, are the Candelaria workings,where channel sampling returned 0.6 m @ 38.3 g/tgold, 4,520 g/t silver 1 indicating a mineralised corridor of1.5 km within this 9.6 km2target area.
Further drilling at Target 5 will target known zones ofhigh-grade mineralisation based on the work done to date and theresults of the aeromagnetic survey, with a view to defining additionalresource tonnes.
An aerial magnetic survey hasbeen completed over the Copalquin District and is currently inprogress over the La Dura property concessionarea. Along with detailed mapping, sampling,spectral surveys and petrography work, the survey output will providethe data to finalise the drill plan targeting key structural‘feeder’ targets and progress the District-wide exploration.
Phase IV Drilling at Target 1 tocomplete the resource update has commenced (~3,000 m). The resourcehas been extended 300m to the west and is still open in thisdirection. The resource is also open down dip to the east. Inaddition, a number of holes are planned to cover internal gapswithin the current block model. Samples from drill core produced todate, have been selected for further metallurgical testing to confirmthe previous high gold and silver recoveries.
The maiden drill programme at Target 3 has commenced.Early signs are encouraging, with mineralisedquartz vein structures intercepted at predicted depths. Maidendrilling is testing several locations with within the targetarea.
Highlight drill results to date from Target5 maiden programme (including previouslyreleased2):
2.75 m @660 g/t AgEq (2.28 g/tgold, 500 g/t silver) from 93.6 m(AP25-003), including
1.00 m @1,714 g/t AgEq(5.80 g/t gold, 1,308 g/t silver) from 94.7 m
3.35 m @366g/t AgEq (1.71 g/t gold, 246 g/tsilver) from 90.15 m (AP25-005), including
1.05 m @1,146 g/t AgEq (5.35 g/tgold, 771 g/t silver) from 92.45 m
1.25 m @728g/t AgEq (4.55 g/t gold, 409 g/tsilver) from 119.2 m (AP25-006), plus
0.90 m @616 g/t AgEq (2.41 g/t gold, 447 g/t silver) from138.1 m, plus
0.80 m @427 g/t AgEq (1.51 g/t gold, 321 g/tsilver) from 149.5 m
0.50 m @443g/t AgEq (0.45 g/t gold, 411 g/tsilver) from 241.3 m (AP25-010)
(plus 3.4% lead and 1.70%zinc)
2.85 m @145g/t AgEq (1.14 g/t gold, 65 g/tsilver) from 79.6 m (AP25-014)
3.05 m @170g/t AgEq (0.07g/t gold, 165 g/t silver) from 193.05 m(AP25-017)
“Copalquin continues to develop as a large epithermalsilver–gold system, with high-grade mineralisation now confirmedacross multiple targets,” said John Skeet, Managing Director and CEOof Mithril Silver and Gold Limited.
“Resource drilling at Target 1, high-gradediscoveries at Target 5, and the commencement of drilling at Target 3demonstrate the scale and growth potential of the district. Alterationintensity, structural controls and geochemical vectors all point to amajor hydrothermal system with significant expansion upside.
Our strategy is to progress Target 1 to a futuredevelopment, advance Targets 3 and 5 to additional resources, whiletesting the district defining targets of this large epithermalsilver-gold system, demonstrating further resource upside potential. Detailed work programs for 2026 are being finalised utilising thedata from the recent aerial magnetic survey and vein studywork.”
Copalquin District - 2026
Mithril is undertaking an aggressive explorationprogram in 2026, with up to 25,000 metres of drilling planned duringthe first 6 - 8 months of the year across the Copalquin District.Upcoming work will focus on expanding known mineralized zones, testingnew high-priority targets, integrating district-wide geophysical data,and continuing to advance the Company’s district-scale explorationthesis. The district features over 100 historic underground workings(c.1850 – 1910) including several multi-level mines and 200 smallsurface workings. Mapping and sampling across the lower half of the70 km2 mining concessionarea demonstrates and a large epithermal silver-gold system withmultiple target areas for potential resource growth plus the conduitsystem responsible for the widespread silver and goldmineralisation.
The northern half of the Copalquin concession areafeatures large areas of alteration. The LiDAR image shows evidence ofhistoric mining activity and indicates some key structures. Alongwith historic sampling data, the northern section of the propertypresents as a potentially significant large exploration area withinMithril’s Copalquin mining concessions.
The nearby 20 km2 La Dura property has recently been added to the portfolioproviding a brown field property with a database of mapping, samplingand drilling. There are at least several workings within theconcession area, including the 4-level high-grade La Dura mine. ALiDAR survey has been flown (interpretation anticipated in February2026) and an aerial magnetic survey is currently being flown.
Figure 1 Mithril’s Copalquin andLa Dura property locations in Durango State, Mexico
Figure 2 LiDARidentified historic workings across the 70km2district. Current drilling locations at Target1, Target 3 and Target 5 with ongoing mapping and sampling plusrecently completed aerial magnetic survey (report pending)
Figure 3 Property-wide channelsampling results for the middle and south district sections within~50% of the 70 km2 miningconcession area covering the Copalquin District. Current drilling locations at Target 1, Target 3 and Target 5with ongoing mapping and sampling plus recently completed aerialmagnetic survey (report pending)
Target 5 Drilling and Discussion
The drilling at Target 5 has confirmed high-gradesilver-gold mineralisation within a 1.5 km mineralised corridor thatruns from the Candelaria - San Miguel workings and north-west to theApomal workings within the 9.6 km2 target area.
The maiden drill programme successfully interceptedhigh-grade silver and gold from near surface and at various elevationsup to 240 metres below surface.
The strongest observed alteration zone to date inTarget 5 was intercepted by hole drill TA25-002 which has a 70 metrelength of alteration zone with ~5 ppm Ag and elevated base metals.This is a sign that a significant amount of fluids have passed throughthese rocks. It should also be noted that this zone should produce asignificant soil geochemical anomaly – especially for lead(Pb).
Figure 4 Target 5 hydrothermalzone with drill hole traces and intercepts indicated by the starsymbols (stars - yellow > 1 g/t, red 1-5 g/t and pink > 5g/t)
The above figure shows a modelled hydrothermal zone(red lines) based on Ag > 1 ppm and Na / Al ratios - drilling hasmanaged to delineate a healthy 700 m x 200 m hydrothermal zone thathosts a network of anastomosing veins. Included areAuEq70* intercepts > 1g/t (stars - yellow > 1 g/t, red 1-5 g/t and pink > 5 g/t). Itis also notably open to the NW, SE and it is interpreted that the areabetween Apomal and Taz is highly prospective.
The aerial magnetic survey over the southern half theCopalquin mining concession area has been completed with the finalreport pending. It is anticipated that the results from the surveywill provide important data for drill programme design as Target 5progresses.
Figure 5 Target 5 – Drilling andchannel sampling to date currently defines a mineralised silver-goldcorridor of approximately 1.5 km, open to NW and SE with furtherindications of parallel structures each side.
Table 1 Results received forTarget 5 drilling to-date for maiden drill programme. Drill holesAP25-001 to AP25-008 reported 5 Nov 2025 2
Hole ID | From (m) | To (m) | Interval | Au g/t | Ag g/t | AgEq g/t | AgEq g/t.m |
AP25-001 | 32 | 32.5 | 0.5 | 1.21 | 39.3 | 124 | 62 |
AP25-001 | 279.83 | 280.35 | 0.52 | 1.285 | 167 | 257 | 134 |
AP25-002 | 31.45 | 35.3 | 3.85 | 1.26 | 42.65 | 131 | 504 |
Including | 31.45 | 31.95 | 0.5 | 7.74 | 187 | 729 | 364 |
AP25-003 | 34.5 | 35 | 0.5 | 0.393 | 62.4 | 90 | 45 |
AP25-003 | 93.6 | 96.35 | 2.75 | 2.28 | 500 | 660 | 1,814 |
Including | 94.7 | 95.7 | 1 | 5.8 | 1308 | 1,714 | 1,714 |
AP25-003 | 214 | 215.3 | 1.3 | 2.89 | 0.5 | 203 | 264 |
AP25-003 | 231.6 | 232.3 | 0.7 | 2.38 | 1.5 | 168 | 118 |
AP25-004 | 89.2 | 90.65 | 1.45 | 0.57 | 109.6 | 150 | 217 |
AP25-005 | 35.65 | 39.7 | 4.05 | 0.19 | 61.5 | 75 | 303 |
Including | 36.75 | 38.35 | 1.6 | 0.41 | 130 | 159 | 254 |
AP25-005 | 90.15 | 93.5 | 3.35 | 1.71 | 246 | 366 | 1,225 |
(Including | 92.45 | 93.5 | 1.05 | 5.35 | 771 | 1,146 | 1,203 |
AP25-006 | 119.2 | 120.45 | 1.25 | 4.548 | 409 | 727 | 909 |
AP25-006 | 138.1 | 139 | 0.9 | 2.41 | 447 | 616 | 554 |
AP25-006 | 149.75 | 150.55 | 0.8 | 1.51 | 321 | 427 | 341 |
AP25-006 | 301.4 | 301.9 | 0.5 | 0.19 | 73 | 86 | 43 |
AP25-007 | 51 | 52.5 | 1.5 | 0.23 | 15.2 | 31 | 47 |
AP25-007 | 62.75 | 64.8 | 2.05 | 0.27 | 88.1 | 107 | 219 |
Including | 64.3 | 64.8 | 0.5 | 0.90 | 311 | 374 | 187 |
AP25-008 | 78.2 | 78.9 | 0.7 | 0.34 | 11.9 | 36 | 25 |
AP25-009 | 85 | 85.8 | 0.8 | 0.09 | 23.6 | 30 | 24 |
AP25-009 | 89.45 | 95.55 | 6.1 | 0.30 | 21.7 | 43 | 260 |
AP25-009 | 99.6 | 100.1 | 0.5 | 0.10 | 10.3 | 18 | 9 |
AP25-010 | 96 | 96.5 | 0.5 | 0.50 | 47.4 | 83 | 41 |
AP25-010 | 241.3 | 241.8 | 0.5 | 0.45 | 411 | 443 | 221 |
AP25-011 | 263.15 | 263.65 | 0.5 | 0.06 | 24 | 29 | 14 |
AP25-012 | 84.45 | 84.95 | 0.5 | 0.22 | 105.3 | 121 | 60 |
AP25-012 | 232.95 | 233.95 | 1 | 0.14 | 105 | 115 | 115 |
AP25-012 | 347.05 | 347.65 | 0.6 | 0.63 | 86 | 130 | 78 |
AP25-013 | 73.65 | 74.4 | 0.75 | 0.05 | 15.6 | 19 | 14 |
AP25-013 | 78.75 | 79.25 | 0.5 | 0.44 | 55.5 | 86 | 43 |
AP25-013 | 384.2 | 384.9 | 0.7 | 0.16 | 3.8 | 15 | 11 |
AP25-014 | 78 | 78.55 | 0.55 | 0.13 | 65.9 | 75 | 41 |
AP25-014 | 79.6 | 82.45 | 2.85 | 1.14 | 64.7 | 145 | 412 |
AP25-014 | 185.5 | 186 | 0.5 | 1.40 | 64.7 | 163 | 81 |
AP25-014 | 407.7 | 408.9 | 1.2 | 0.34 | 57.9 | 82 | 98 |
AP25-015 | NRI | - | - | ||||
AP25-016 | NRI | - | - | ||||
AP25-017 | 9 | 10 | 1 | 0.26 | 29.1 | 47 | 47 |
AP25-017 | 57.6 | 58.1 | 0.5 | 0.09 | 17.1 | 24 | 12 |
AP25-017 | 63 | 63.75 | 0.75 | 0.18 | 19.2 | 32 | 24 |
AP25-017 | 193.05 | 196.1 | 3.05 | 0.07 | 165 | 170 | 518 |
Including | 193.05 | 193.9 | 0.85 | 0.11 | 229 | 237 | 201 |
Including | 195.45 | 196.1 | 0.65 | 0.09 | 265 | 271 | 176 |
TA25-001 | 36.5 | 37.5 | 1 | 0.10 | 21.9 | 29 | 29 |
TA25-001 | 57.1 | 60.45 | 3.35 | 0.18 | 33.7 | 46 | 155 |
TA25-002 | 35.65 | 36.35 | 0.7 | 0.09 | 34.8 | 41 | 29 |
TA25-002 | 77.35 | 77.85 | 0.5 | 0.19 | 52.8 | 66 | 33 |
TA25-002 | 79.85 | 81.1 | 1.25 | 0.39 | 29.4 | 57 | 71 |
TA25-003 | 33.8 | 34.55 | 0.75 | 0.07 | 21.3 | 26 | 19 |
TA25-003 | 45.65 | 46.5 | 0.85 | 0.10 | 37.4 | 45 | 38 |
TA25-004 | 79.5 | 80.75 | 1.25 | 0.53 | 66.35 | 103 | 129 |
TA25-005 | 1 | 3 | 2 | 0.13 | 18.55 | 28 | 55 |
TA25-005 | 141 | 141.55 | 0.55 | 0.10 | 82.2 | 89 | 49 |
Table 2 Drill hole collar detailsincluded in this announcement
Hole ID | Easting | Northing | Elevation | Azimuth | Inclination | Depth (m) | Assays |
(m) | (m) | (m) | (degrees) | (degrees) | |||
AP25-001 | 287910 | 2822591 | 758.82 | 40 | -48 | 351 | Received |
AP25-002 | 287909 | 2822588 | 758.01 | 63 | -53 | 252 | Received |
AP25-003 | 287910 | 2822591 | 758.82 | 63 | -69 | 285 | Received |
AP25-004 | 287903.2 | 2822590 | 760.85 | 30 | -63 | 291 | Received |
AP25-005 | 287828 | 2822672 | 799.94 | 35 | -60 | 381 | Received |
AP25-006 | 287753 | 2822676 | 825.53 | 44 | -55 | 330 | Received |
AP25-007 | 287765 | 2822785 | 813.31 | 30 | -48 | 126 | Received |
AP25-008 | 287765 | 2822785 | 813.31 | 30 | -77 | 177 | Received |
AP25-009 | 287605 | 2822595 | 891.75 | 45 | -55 | 300 | Received |
AP25-010 | 287638 | 2822483 | 854.12 | 60 | -46 | 300 | Received |
AP25-011 | 287859 | 2822568 | 744.79 | 63 | -69 | 381 | Received |
AP25-012 | 287877 | 2822485 | 741.56 | 60 | -50 | 351 | Received |
AP25-013 | 287829 | 2822379 | 738.95 | 60 | -45 | 399 | Received |
AP25-014 | 287829 | 2822373 | 738.95 | 90 | -55 | 441 | Received |
AP25-015 | 288175 | 2822617 | 685.93 | 43 | -57 | 159 | Received |
AP25-016 | 288210 | 2822711 | 679.99 | 65 | -45 | 150 | Received |
AP25-017 | 288309 | 2822643 | 730.82 | 60 | -45 | 210 | Received |
TA25-001 | 288295 | 2822117 | 750.5 | 55 | -45 | 150 | Received |
TA25-002 | 288295 | 2822117 | 750.5 | 55 | -60 | 195 | Received |
TA25-003 | 288295 | 2822117 | 750.5 | 50 | -75 | 198 | Received |
TA25-004 | 288263 | 2822160 | 741.66 | 60 | -50 | 150 | Received |
TA25-005 | 288263 | 2822160 | 741.66 | 60 | -65 | 159 | Received |
CONTRACTS UPDATE
Mithril engaged SmallCaps IR to deliver professionalinvestor relations services designed specifically for ASX listedcompanies to deliver consistent market visibility and investorengagement for a fee of AU$3,000 per month for an initial period ofthree (3) months. No stock options or other compensation was or willbe given in connection with the engagement. The Company continues toutilize SmallCaps IR on a month-to-month basis with a 45 day noticeperiod. SmallCaps IR is an arm’s length party to theCompany.
ABOUT THE COPALQUIN GOLD SILVER PROJECT
The Copalquin mining district is located in DurangoState, Mexico and covers an entire mining district of 70km2 containing several dozen historicgold and silver mines and workings, ten of which had notableproduction. The district is within the Sierra Madre Gold Silver Trendwhich extends north-south along the western side of Mexico and hostsmany gold and silver districts.
Multiple mineralisation events, young intrusivesthought to be system-driving heat sources, widespread alterationtogether with extensive surface vein exposures and dozens of historicmine workings, identify the Copalquin mining district as a majorepithermal centre for Gold and Silver.
Within 15 months of drilling in the Copalquin District,Mithril delivered a maiden JORC mineral resource estimate at the firstof several target areas (Target 1), demonstrating the high-grade goldand silver resource potential for the district. This maiden resourceis detailed below (see ASX release 17 November2021)^ and a NI 43-101 Technical Reportfiled on SEDAR+
Target 1 Maiden Resource:
Indicated 691 kt @5.43 g/t gold,114 g/t silver for 121,000 oz goldplus 2,538,000 oz silver
Inferred 1,725 kt @4.55 g/t gold,152 g/t silver for 252,000 oz goldplus 8,414,000 oz silver
(using a cut-off grade of 2.0 g/t AuEq*)
28.6% of the resource tonnage is classified asindicated
Table 3 Mineral resource estimateat Target 1 El Refugio – La Soledad using a cut-off grade of 2.0 g/tAuEq*
Tonnes (kt) | Tonnes (kt) | Gold (g/t) | Silver (g/t) | Gold Eq.* (g/t) | Gold (koz) | Silver (koz) | Gold Eq.* (koz) | |
El Refugio | Indicated | 691 | 5.43 | 114.2 | 7.06 | 121 | 2,538 | 157 |
Inferred | 1,447 | 4.63 | 137.1 | 6.59 | 215 | 6,377 | 307 | |
La Soledad | Indicated | - | - | - | - | - | - | - |
Inferred | 278 | 4.12 | 228.2 | 7.38 | 37 | 2,037 | 66 | |
Total | Indicated | 691 | 5.43 | 114.2 | 7.06 | 121 | 2,538 | 157 |
Inferred | 1,725 | 4.55 | 151.7 | 6.72 | 252 | 8,414 | 372 |
* In determining the gold equivalent (AuEq.) gradefor reporting, a gold:silver price ratio of 70:1 was determined, usingthe formula: AuEq grade = Au grade + ((Ag grade/70) x (Ag recovery/Aurecovery)). The metal prices used to determine the 70:1 ratio are thecumulative average prices for 2021: gold USD1,798.34 and silver:USD25.32 (actual is 71:1) from kitco.com.
For silver equivalent (AgEq.) grade reporting, the samefactors as above are used with the formula AgEq grade = Ag grade +((Au grade x 70) x (Au recovery/Ag recovery))
At this early stage, the metallurgical recoveries wereassumed to be equal (93%). Subsequent preliminary metallurgical testwork produced recoveries of 91% for silver and 96% for gold (ASXAnnouncement 25 February 2022) and these will be used when theresource is updated in the future. In the Company’s opinionthere is reasonable potential for both gold and silver to be extractedand sold.
^ The information in this reportthat relates to Mineral Resources or Ore Reserves is based oninformation provided in the following ASX announcement: 17 Nov 2021 -MAIDEN JORC RESOURCE 529,000 OUNCES @ 6.81G/T (AuEq*), which includes the full JORC MREreport, also available on the Mithril Resources LimitedWebsite.
The Company confirms that it is not aware of any newinformation or data that materially affects the information includedin the original market announcement and that all material assumptionsand technical parameters underpinning the estimates in the relevantmarket announcement continue to apply and have not materially changed.The company confirms that the form and context in which the CompetentPerson’s findings are presented have not been materially modifiedfrom the original market announcement.
Mining study (conceptual) and metallurgical test worksupports the development of the El Refugio-La Soledad resource withconventional underground mining methods indicated as being appropriateand with high gold-silver recovery to produce metal on-site withconventional processing. The average vein width is approximately 4.5metres.
Mithril is currently exploring in the CopalquinDistrict to expand the resource footprint, demonstrating itsmulti-million-ounce gold and silver potential. Mithril has an exclusive option to purchase 100% interest in the Copalquin mining concessions by paying US$10Mon or any time before 7 August 2028.
-ENDS-
Released with the authority of the Board.
For further information contact:
John Skeet Managing Director and CEO +61 435 766 809 | NIKLI COMMUNICATIONS Corporate Communications |
The Australian Securities Exchange has not reviewed anddoes not accept responsibility for the accuracy or adequacy of thisrelease.
Neither TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.
Competent Persons Statement - JORC
The information in this announcement that relates tometallurgical test results, mineral processing and project developmentand study work has been compiled by Mr John Skeet who is Mithril’sCEO and Managing Director. Mr Skeet is a Fellow of the AustralasianInstitute of Mining and Metallurgy. This is a Recognised ProfessionalOrganisation (RPO) under the Joint Ore Reserves Committee (JORC)Code.
Mr Skeet has sufficient experience of relevance to thestyles of mineralisation and the types of deposits underconsideration, and to the activities undertaken, to qualify as aCompetent Person as defined in the 2012 Edition of the Joint OreReserves Committee (JORC) Australasian Code for Reporting ofExploration Results, Mineral Resources and Ore Reserves. Mr Skeetconsents to the inclusion in this report of the matters based oninformation in the form and context in which it appears. TheAustralian Securities Exchange has not reviewed and does not acceptresponsibility for the accuracy or adequacy of this release.
The information in this announcement that relates tosampling techniques and data, exploration results and geologicalinterpretation for Mithril’s Mexican project, has been compiled byMr Darren LeFort who is Mithril’s Exploration Manager. Mr LeFort isa member of the Engineers and Geoscientists of British Columbia and aCertified Professional Geologist (P.Geo). This is a RecognisedProfessional Organisation (RPO) under the Joint Ore Reserves Committee(JORC) Code.
Mr LeFort has sufficient experience of relevance tothe styles of mineralisation and the types of deposits underconsideration, and to the activities undertaken, to qualify as aCompetent Person as defined in the 2012 Edition of the Joint OreReserves Committee (JORC) Australasian Code for Reporting ofExploration Results, Mineral Resources and Ore Reserves. Mr LeFortconsents to the inclusion in this report of the matters based oninformation in the form and context in which it appears.
The information in this announcement that relates toMineral Resources is reported by Mr Rodney Webster, former PrincipalGeologist at AMC Consultants Pty Ltd (AMC), who is a Member of theAustralian Institute of Geoscientists. The report was peer reviewed byAndrew Proudman, Principal Consultant at AMC. Mr Webster is acting asthe Competent Person, as defined in the 2012 Edition of the Joint OreReserves Committee (JORC) Australasian Code for Reporting ofExploration Results, Mineral Resources and Ore Reserves, for thereporting of the Mineral Resource estimate. A site visit was carriedout by Jose Olmedo a geological consultant withAMC, in September 2021 to observe the drilling, logging, sampling andassay database. Mr Webster consents to the inclusion in this report ofthe matters based on information in the form and context in which itappears
Qualified Persons – NI 43-101
Scientific and technical information in this Report hasbeen reviewed and approved by Mr John Skeet (FAUSIMM, CP) Mithril’sManaging Director and Chief Executive Officer. Mr John Skeet is aqualified person within the meaning of NI 43-101.
Samples are sent to ALS Global with sample preparationperformed in Chihuahua City, Mexico and assaying of sample pulpsperformed in North Vancouver, BC, Canada.
JORC Code, 2012 Edition – Table 1
Section 1 Sampling Techniques and Data
Criteria | JORC Code explanation | Commentary |
Sampling techniques |
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Drilling techniques |
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Drill sample recovery |
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Logging |
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Sub-sampling techniques and sample preparation |
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Quality of assay data and laboratory tests |
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Verification of sampling and assaying |
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Location of data points |
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Data spacing and distribution |
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Orientation of data in relation to geologicalstructure |
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Sample security |
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Audits or reviews |
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Section 2 Reporting of Exploration Results
Criteria | JORC Code explanation | Commentary | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mineral tenement and land tenure status |
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Exploration done by other parties |
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Geology |
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Drill hole Information |
| See in the announcement. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Data aggregation methods |
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Relationship between mineralisation widths andintercept lengths |
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Diagrams |
| See figures in announcement | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balanced reporting |
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Other substantive explorationdata |
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Further work |
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1 See ASX Announcement 1Dec 2025 Exploration Sampling up to 4,520 G/T Silver, 38.2 G/TGold
2 See ASX Announcement 5Nov 2025 Maiden T5 Drilling Up To 1,714 G/T AgEq Over 1m
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