# Mithril Silver And Gold June 2026 Quarterly Report Upgraded T1 MRE And District Expansion Drill Program Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44 Original source: https://money.tmx.com/en/quote/MSG/news/8138355552989272/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district- Publisher: tmx Original announcement: 2026-07-31T11:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Mithril Silver And Gold Limited - Ticker: MSG - Exchange: TSX - Region: Durango State, Mexico - Primary commodity: Gold - Secondary commodities: Silver - Document categories: Drill results, Resource update, Other, Metallurgy - Extracted: 2026-09-18 10:40:21 UTC Narrative sentiment: 0.70 · Bullish ## Minestarters Atlas summary Mithril Silver And Gold reported a significant upgrade to its Copalquin Target 1 Mineral Resource Estimate, with a 196% increase in indicated gold and silver resources, now comprising 75% of the total. The MRE is constrained by preliminary underground mining shapes, providing a more realistic basis for future studies. The company also announced high-grade drill results from expansion programs at Target 3 and Target 5, confirming the district's potential. Metallurgical test work shows high recoveries for gold and silver. However, the company has less than two quarters of funding available, indicating a need for future capital raises. Reasoning: The document reports a substantial upgrade to the Copalquin Target 1 Mineral Resource Estimate, significantly increasing the indicated category and incorporating mining constraints for improved realism. New high-grade drill results from Target 3 and Target 5 demonstrate district expansion potential. High metallurgical recoveries are also reported. However, the company's cash position indicates less than two quarters of funding, suggesting future capital raises will be necessary. - Positive factor: Significant increase in indicated resources \(196% for gold and silver\) - Positive factor: High confidence in resource classification \(75% indicated\) - Positive factor: Resource constrained within preliminary underground mining shapes, providing a more realistic basis for future studies - Positive factor: High-grade drill intercepts expanding known mineralization at Target 3 and Target 5 - Positive factor: Project remains open along strike and at depth with multiple expansion opportunities - Positive factor: Metallurgical recoveries are high for both gold \(96%\) and silver \(91%\) - Negative factor: Funding available for less than 2 quarters, indicating potential need for future capital raises - Negative factor: Drill intercepts are generally narrow, typical of epithermal veins, which can increase mining complexity Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 200 ## Classification and evidence **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document details a significant upgrade to the Mineral Resource Estimate for Copalquin Target 1. Evidence · text > Significant mineral resource estimate \(MRE\) upgrade with total constrained and diluted Indicated and Inferred resources **Category Upgrade** Polarity: positive Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal. Why it applies: The MRE shows a 196% increase in higher-confidence indicated gold and silver compared to the previous estimate, with 75% of total gold and silver now classified as indicated. Evidence · text > 196% increase in higher-confidence indicated gold and silver compared to previous MRE. 75% of total gold and silver now classified as indicated **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: The resource is constrained within preliminary underground mining shapes and incorporates expected mining dilution, providing a more realistic basis for future engineering and economic studies, which is typical for a PFS. Evidence · text > Resource constrained within preliminary underground mining shapes and incorporates expected mining dilution , providing a more realistic basis for future engineering and economic studies **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: The mineral resources were prepared in accordance with the CIM Definition Standards \(2014\) and Estimation of Mineral Resource and Mineral Reserve Best Practice guidelines \(2019\), which are materially identical to the JORC Code \(2012\). Evidence · text > Mineral resources were prepared in accordance with the CIM Definition Standards \(2014\) and Estimation of Mineral Resource and Mineral Reserve Best Practice guidelines \(2019\), which are materially identical to the JORC Code \(2012\). **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The mineral resources were prepared in accordance with the CIM Definition Standards \(2014\) and Estimation of Mineral Resource and Mineral Reserve Best Practice guidelines \(2019\), which are materially identical to the JORC Code \(2012\), and a Qualified Person \(QP\) as defined by NI 43-101 supervised the estimate. Evidence · text > Mineral resources were prepared in accordance with the CIM Definition Standards \(2014\) and Estimation of Mineral Resource and Mineral Reserve Best Practice guidelines \(2019\), which are materially identical to the JORC Code \(2012\) **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: The preparation of the mineral resource estimate was supervised by John Sims, an independent Qualified Person \(QP\) and Competent Person \(CP\). Evidence · text > The preparation of the mineral resource estimate was supervised by John Sims, President of Sims Resources LLC, an independent contractor and Qualified Person \(QP\), and Competent Person \(CP\) **High Recovery** Polarity: positive Story-specific tag Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: Metallurgical recoveries of 96% for gold and 91% for silver are reported, which are strong for these commodities. Evidence · text > metallurgical recoveries of 96% Au and 91% Ag from metallurgical test work on Target 1 composite samples **Bench Scale Only** Polarity: negative Story-specific tag Definition: Only preliminary bench tests completed — no locked-cycle or pilot work. Why it applies: Metallurgical test work was conducted on 'composite samples', indicating bench-scale testing rather than pilot plant operations. Evidence · text > metallurgical test work on Target 1 composite samples **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: Drilling at Target 5 has expanded the known gold-silver mineralisation, and RE26-009 was drilled as a 50m step out. Evidence · text > Drilling at Target 5 has expanded the known gold-silver mineralisation with high grades intercepted at the La Maquina area **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The recent drilling was primarily focused on increasing drill density within the core of the deposit to improve resource confidence. Evidence · text > Increasing drill density within the core of the deposit to improve resource confidence **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: Hole GU26-002 intersected 0.50m at 33.20 g/t gold, which is an exceptionally high grade for gold. Evidence · table > 33.20 Context: GU26-002\* **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: The AuEq calculation formula is provided, but the specific gold and silver prices used for the drill results are not explicitly stated in the drill tables' footnotes, only in the MRE section. Evidence · text > AuEq g/t = Au g/t + \(Ag g/t x \(Au price/Ag price\) x \(Ag recovery/Au recovery\)\), and is calculated using the underlying metals prices, along with metallurgical recoveries of 96% Au and 91% Ag from metallurgical test work on Target 1 composite samples. **Apparent Width Only** Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Why it applies: Drill intercepts are given as downhole widths \(Interval \(m\)\) with no true width or drill orientation information provided. Evidence · table > Interval \(m\) Context: Hole ID Target 5 **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The document states that samples are sent to ALS Global for preparation and assaying. Evidence · text > Samples are sent to ALS Global with sample preparation performed in Chihuahua City, Mexico and assaying of sample pulps performed in North Vancouver, BC, Canada. **Funding Gap Exceeds Market Cap** Polarity: negative Story-specific tag Definition: Red flag regardless of headline NPV — the upside is not reachable by the current equity holder. Why it applies: The estimated quarters of funding available is 1.89, which is less than 2 quarters, indicating a material funding gap relative to ongoing operations. Evidence · table > 1.89 Context: 8.7 **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a flotation route \("flotation"\) ## Extracted facts Stored fact records: 200. Some facts used in scoring do not have a stored record. ## Drill Results (198) ### MA26-001\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-2) Copalquin · gold #### Identity - Hole ID: MA26-001\* - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 6.2 - Grade Unit: g/t - Intercept: 0.85 m - From: 122.8 m - To: 123.65 m - Intercept Depth: 122.8 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: MA26-001\*:122.8-123.65 #### Location - Location: Target 5 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 17.11 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This is a high-grade gold intercept, indicating strong mineralization at Target 5 and supporting the expansion of the known system. The narrow width is typical for epithermal veins. - Positive factor: High gold grade \(6.2 g/t\) for an epithermal deposit - Positive factor: Contributes to expansion of known mineralization at Target 5 - Negative factor: Narrow intercept length \(0.85 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 6.20 Context: MA26-001\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### MA26-001\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-3) Copalquin · silver #### Identity - Hole ID: MA26-001\* - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 764 - Grade Unit: g/t - Intercept: 0.85 m - From: 122.8 m - To: 123.65 m - Intercept Depth: 122.8 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: MA26-001\*:122.8-123.65 #### Location - Location: Target 5 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 17.11 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This is an exceptionally high-grade silver intercept, confirming the silver-rich nature of the La Maquina area within Target 5. The narrow width is typical for epithermal veins. - Positive factor: Very high silver grade \(764 g/t\) for an epithermal deposit - Positive factor: Contributes to expansion of known mineralization at Target 5 - Negative factor: Narrow intercept length \(0.85 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 764.0 Context: MA26-001\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### MA26-001\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-4) Copalquin · gold #### Identity - Hole ID: MA26-001\* - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 1.16 - Grade Unit: g/t - Intercept: 0.75 m - From: 169.45 m - To: 170.2 m - Intercept Depth: 169.45 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: MA26-001\*:169.45-170.2 #### Location - Location: Target 5 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 1.42 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept confirms gold mineralization but is of moderate grade and narrow width, contributing to the overall understanding of Target 5 but not a highlight. - Positive factor: Confirms gold mineralization at Target 5 - Negative factor: Narrow intercept length \(0.75 m\) - Negative factor: Moderate gold grade \(1.16 g/t\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 1.16 Context: MA26-001\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### MA26-001\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-5) Copalquin · silver #### Identity - Hole ID: MA26-001\* - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 18.1 - Grade Unit: g/t - Intercept: 0.75 m - From: 169.45 m - To: 170.2 m - Intercept Depth: 169.45 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: MA26-001\*:169.45-170.2 #### Location - Location: Target 5 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 1.42 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows low-grade silver mineralization over a narrow width, contributing to the geological model but not economically significant on its own. - Positive factor: Confirms silver mineralization at Target 5 - Negative factor: Narrow intercept length \(0.75 m\) - Negative factor: Low silver grade \(18.1 g/t\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 18.1 Context: MA26-001\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### JA26-002 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-6) Copalquin · gold #### Identity - Hole ID: JA26-002 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.14 - Grade Unit: g/t - Intercept: 0.6 m - From: 29.35 m - To: 29.95 m - Intercept Depth: 29.35 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: JA26-002:29.35-29.95 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.3 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows very low-grade gold mineralization over a narrow width, indicating presence of gold but not economically significant. - Positive factor: Confirms gold mineralization at Target 3 - Negative factor: Very low gold grade \(0.14 g/t\) - Negative factor: Narrow intercept length \(0.6 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.14 Context: JA26-002 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### JA26-002 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-7) Copalquin · silver #### Identity - Hole ID: JA26-002 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 10.9 - Grade Unit: g/t - Intercept: 0.6 m - From: 29.35 m - To: 29.95 m - Intercept Depth: 29.35 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: JA26-002:29.35-29.95 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.3 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows low-grade silver mineralization over a narrow width, indicating presence of silver but not economically significant. - Positive factor: Confirms silver mineralization at Target 3 - Negative factor: Low silver grade \(10.9 g/t\) - Negative factor: Narrow intercept length \(0.6 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 10.9 Context: JA26-002 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### JA26-002 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-8) Copalquin · gold #### Identity - Hole ID: JA26-002 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.16 - Grade Unit: g/t - Intercept: 1 m - From: 35 m - To: 36 m - Intercept Depth: 35 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: JA26-002:35-36 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.26 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows very low-grade gold mineralization over a narrow width, indicating presence of gold but not economically significant. - Positive factor: Confirms gold mineralization at Target 3 - Negative factor: Very low gold grade \(0.16 g/t\) - Negative factor: Narrow intercept length \(1.0 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.16 Context: JA26-002 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### JA26-002 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-9) Copalquin · silver #### Identity - Hole ID: JA26-002 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 7.6 - Grade Unit: g/t - Intercept: 1 m - From: 35 m - To: 36 m - Intercept Depth: 35 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: JA26-002:35-36 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.26 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows very low-grade silver mineralization over a narrow width, indicating presence of silver but not economically significant. - Positive factor: Confirms silver mineralization at Target 3 - Negative factor: Very low silver grade \(7.6 g/t\) - Negative factor: Narrow intercept length \(1.0 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 7.6 Context: JA26-002 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### JA26-002 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-10) Copalquin · gold #### Identity - Hole ID: JA26-002 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.95 - Grade Unit: g/t - Intercept: 0.5 m - From: 36 m - To: 36.5 m - Intercept Depth: 36 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: JA26-002:36-36.5 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 2.67 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows moderate gold grade over a very narrow width, contributing to the geological understanding of Target 3. - Positive factor: Confirms gold mineralization at Target 3 - Negative factor: Narrow intercept length \(0.5 m\) - Negative factor: Moderate gold grade \(0.95 g/t\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.95 Context: JA26-002 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### JA26-002 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-11) Copalquin · silver #### Identity - Hole ID: JA26-002 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 120 - Grade Unit: g/t - Intercept: 0.5 m - From: 36 m - To: 36.5 m - Intercept Depth: 36 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: JA26-002:36-36.5 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 2.67 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows good silver grade over a very narrow width, indicating significant silver mineralization at Target 3. - Positive factor: Good silver grade \(120 g/t\) for an epithermal deposit - Positive factor: Confirms silver mineralization at Target 3 - Negative factor: Narrow intercept length \(0.5 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 120.0 Context: JA26-002 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### JA26-002 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-12) Copalquin · gold #### Identity - Hole ID: JA26-002 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.33 - Grade Unit: g/t - Intercept: 1.35 m - From: 92 m - To: 93.35 m - Intercept Depth: 92 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: JA26-002:92-93.35 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.34 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows very low-grade gold mineralization over a narrow width, indicating presence of gold but not economically significant. - Positive factor: Confirms gold mineralization at Target 3 - Negative factor: Very low gold grade \(0.33 g/t\) - Negative factor: Narrow intercept length \(1.35 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.33 Context: JA26-002 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### JA26-002 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-13) Copalquin · silver #### Identity - Hole ID: JA26-002 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.5 - Grade Unit: g/t - Intercept: 1.35 m - From: 92 m - To: 93.35 m - Intercept Depth: 92 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: JA26-002:92-93.35 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.34 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows negligible silver mineralization over a narrow width, indicating minimal economic significance. - Negative factor: Extremely low silver grade \(0.5 g/t\) - Negative factor: Narrow intercept length \(1.35 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.5 Context: JA26-002 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### JA26-002\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-14) Copalquin · gold #### Identity - Hole ID: JA26-002\* - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 2.79 - Grade Unit: g/t - Intercept: 0.9 m - From: 155.45 m - To: 156.35 m - Intercept Depth: 155.45 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: JA26-002\*:155.45-156.35 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 4.95 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This is a strong gold intercept, indicating significant mineralization at Target 3, despite the narrow width. - Positive factor: Strong gold grade \(2.79 g/t\) for an epithermal deposit - Positive factor: Contributes to expansion of known mineralization at Target 3 - Negative factor: Narrow intercept length \(0.9 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 2.79 Context: JA26-002\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### JA26-002\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-15) Copalquin · silver #### Identity - Hole ID: JA26-002\* - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 151 - Grade Unit: g/t - Intercept: 0.9 m - From: 155.45 m - To: 156.35 m - Intercept Depth: 155.45 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: JA26-002\*:155.45-156.35 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 4.95 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This is a strong silver intercept, indicating significant mineralization at Target 3, despite the narrow width. - Positive factor: Strong silver grade \(151 g/t\) for an epithermal deposit - Positive factor: Contributes to expansion of known mineralization at Target 3 - Negative factor: Narrow intercept length \(0.9 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 151.0 Context: JA26-002\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### JA26-003 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-16) Copalquin · gold #### Identity - Hole ID: JA26-003 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.23 - Grade Unit: g/t - Intercept: 1 m - From: 57.45 m - To: 58.45 m - Intercept Depth: 57.45 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: JA26-003:57.45-58.45 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.25 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows very low-grade gold mineralization over a narrow width, indicating presence of gold but not economically significant. - Positive factor: Confirms gold mineralization at Target 3 - Negative factor: Very low gold grade \(0.23 g/t\) - Negative factor: Narrow intercept length \(1.0 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.23 Context: JA26-003 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### JA26-003 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-17) Copalquin · silver #### Identity - Hole ID: JA26-003 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 1.2 - Grade Unit: g/t - Intercept: 1 m - From: 57.45 m - To: 58.45 m - Intercept Depth: 57.45 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: JA26-003:57.45-58.45 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.25 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows negligible silver mineralization over a narrow width, indicating minimal economic significance. - Negative factor: Extremely low silver grade \(1.2 g/t\) - Negative factor: Narrow intercept length \(1.0 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 1.2 Context: JA26-003 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### JA26-003 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-18) Copalquin · gold #### Identity - Hole ID: JA26-003 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.26 - Grade Unit: g/t - Intercept: 0.85 m - From: 69.65 m - To: 70.5 m - Intercept Depth: 69.65 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: JA26-003:69.65-70.5 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.33 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows very low-grade gold mineralization over a narrow width, indicating presence of gold but not economically significant. - Positive factor: Confirms gold mineralization at Target 3 - Negative factor: Very low gold grade \(0.26 g/t\) - Negative factor: Narrow intercept length \(0.85 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.26 Context: JA26-003 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### JA26-003 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-19) Copalquin · silver #### Identity - Hole ID: JA26-003 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 5.2 - Grade Unit: g/t - Intercept: 0.85 m - From: 69.65 m - To: 70.5 m - Intercept Depth: 69.65 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: JA26-003:69.65-70.5 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.33 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows negligible silver mineralization over a narrow width, indicating minimal economic significance. - Negative factor: Extremely low silver grade \(5.2 g/t\) - Negative factor: Narrow intercept length \(0.85 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 5.2 Context: JA26-003 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### JA26-004 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-20) Copalquin · gold #### Identity - Hole ID: JA26-004 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.38 - Grade Unit: g/t - Intercept: 1.5 m - From: 27.95 m - To: 29.45 m - Intercept Depth: 27.95 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: JA26-004:27.95-29.45 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.42 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows low-grade gold mineralization over a narrow width, indicating presence of gold but not economically significant. - Positive factor: Confirms gold mineralization at Target 3 - Negative factor: Low gold grade \(0.38 g/t\) - Negative factor: Narrow intercept length \(1.5 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.38 Context: JA26-004 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### JA26-004 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-21) Copalquin · silver #### Identity - Hole ID: JA26-004 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 3.3 - Grade Unit: g/t - Intercept: 1.5 m - From: 27.95 m - To: 29.45 m - Intercept Depth: 27.95 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: JA26-004:27.95-29.45 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.42 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows negligible silver mineralization over a narrow width, indicating minimal economic significance. - Negative factor: Extremely low silver grade \(3.3 g/t\) - Negative factor: Narrow intercept length \(1.5 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 3.3 Context: JA26-004 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### JA26-004 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-22) Copalquin · gold #### Identity - Hole ID: JA26-004 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.12 - Grade Unit: g/t - Intercept: 2.1 m - From: 34.7 m - To: 36.8 m - Intercept Depth: 34.7 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: JA26-004:34.7-36.8 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.38 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows very low-grade gold mineralization over a narrow width, indicating presence of gold but not economically significant. - Positive factor: Confirms gold mineralization at Target 3 - Negative factor: Very low gold grade \(0.12 g/t\) - Negative factor: Narrow intercept length \(2.1 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.12 Context: JA26-004 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### JA26-004 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-23) Copalquin · silver #### Identity - Hole ID: JA26-004 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 18.4 - Grade Unit: g/t - Intercept: 2.1 m - From: 34.7 m - To: 36.8 m - Intercept Depth: 34.7 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: JA26-004:34.7-36.8 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.38 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows low-grade silver mineralization over a narrow width, indicating presence of silver but not economically significant. - Positive factor: Confirms silver mineralization at Target 3 - Negative factor: Low silver grade \(18.4 g/t\) - Negative factor: Narrow intercept length \(2.1 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 18.4 Context: JA26-004 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### JA26-004\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-24) Copalquin · gold #### Identity - Hole ID: JA26-004\* - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 6.91 - Grade Unit: g/t - Intercept: 0.5 m - From: 102.5 m - To: 103 m - Intercept Depth: 102.5 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: JA26-004\*:102.5-103 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 13.7 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This is a high-grade gold intercept, indicating strong mineralization at Target 3, despite the very narrow width. - Positive factor: High gold grade \(6.91 g/t\) for an epithermal deposit - Positive factor: Contributes to expansion of known mineralization at Target 3 - Negative factor: Very narrow intercept length \(0.5 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 6.91 Context: JA26-004\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### JA26-004\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-25) Copalquin · silver #### Identity - Hole ID: JA26-004\* - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 475 - Grade Unit: g/t - Intercept: 0.5 m - From: 102.5 m - To: 103 m - Intercept Depth: 102.5 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: JA26-004\*:102.5-103 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 13.7 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This is a very high-grade silver intercept, indicating strong mineralization at Target 3, despite the very narrow width. - Positive factor: Very high silver grade \(475 g/t\) for an epithermal deposit - Positive factor: Contributes to expansion of known mineralization at Target 3 - Negative factor: Very narrow intercept length \(0.5 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 475.0 Context: JA26-004\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### JA26-006\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-26) Copalquin · gold #### Identity - Hole ID: JA26-006\* - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 1.12 - Grade Unit: g/t - Intercept: 0.65 m - From: 54.5 m - To: 55.15 m - Intercept Depth: 54.5 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: JA26-006\*:54.5-55.15 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 1.37 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows moderate gold grade over a narrow width, contributing to the overall understanding of Target 3. - Positive factor: Confirms gold mineralization at Target 3 - Negative factor: Narrow intercept length \(0.65 m\) - Negative factor: Moderate gold grade \(1.12 g/t\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 1.12 Context: JA26-006\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### JA26-006\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-27) Copalquin · silver #### Identity - Hole ID: JA26-006\* - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 17.8 - Grade Unit: g/t - Intercept: 0.65 m - From: 54.5 m - To: 55.15 m - Intercept Depth: 54.5 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: JA26-006\*:54.5-55.15 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 1.37 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows low-grade silver mineralization over a narrow width, contributing to the overall understanding of Target 3. - Positive factor: Confirms silver mineralization at Target 3 - Negative factor: Narrow intercept length \(0.65 m\) - Negative factor: Low silver grade \(17.8 g/t\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 17.8 Context: JA26-006\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-28) Copalquin · gold #### Identity - Hole ID: GU26-001 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.27 - Grade Unit: g/t - Intercept: 1 m - From: 6.7 m - To: 7.7 m - Intercept Depth: 6.7 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-001:6.7-7.7 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.29 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows very low-grade gold mineralization over a narrow width, indicating presence of gold but not economically significant. - Positive factor: Confirms gold mineralization at Target 3 - Negative factor: Very low gold grade \(0.27 g/t\) - Negative factor: Narrow intercept length \(1.0 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.27 Context: GU26-001 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-29) Copalquin · silver #### Identity - Hole ID: GU26-001 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 1.2 - Grade Unit: g/t - Intercept: 1 m - From: 6.7 m - To: 7.7 m - Intercept Depth: 6.7 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-001:6.7-7.7 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.29 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows negligible silver mineralization over a narrow width, indicating minimal economic significance. - Negative factor: Extremely low silver grade \(1.2 g/t\) - Negative factor: Narrow intercept length \(1.0 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 1.2 Context: GU26-001 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-30) Copalquin · gold #### Identity - Hole ID: GU26-001 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.16 - Grade Unit: g/t - Intercept: 1 m - From: 25.7 m - To: 26.7 m - Intercept Depth: 25.7 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-001:25.7-26.7 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.4 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows very low-grade gold mineralization over a narrow width, indicating presence of gold but not economically significant. - Positive factor: Confirms gold mineralization at Target 3 - Negative factor: Very low gold grade \(0.16 g/t\) - Negative factor: Narrow intercept length \(1.0 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.16 Context: GU26-001 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-31) Copalquin · silver #### Identity - Hole ID: GU26-001 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 17 - Grade Unit: g/t - Intercept: 1 m - From: 25.7 m - To: 26.7 m - Intercept Depth: 25.7 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-001:25.7-26.7 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.4 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows low-grade silver mineralization over a narrow width, indicating presence of silver but not economically significant. - Positive factor: Confirms silver mineralization at Target 3 - Negative factor: Low silver grade \(17.0 g/t\) - Negative factor: Narrow intercept length \(1.0 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 17.0 Context: GU26-001 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-32) Copalquin · gold #### Identity - Hole ID: GU26-001 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 1.02 - Grade Unit: g/t - Intercept: 0.7 m - From: 74.3 m - To: 75 m - Intercept Depth: 74.3 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-001:74.3-75 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 2 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows moderate gold grade over a narrow width, contributing to the overall understanding of Target 3. - Positive factor: Confirms gold mineralization at Target 3 - Negative factor: Narrow intercept length \(0.7 m\) - Negative factor: Moderate gold grade \(1.02 g/t\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 1.02 Context: GU26-001 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-33) Copalquin · silver #### Identity - Hole ID: GU26-001 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 68.4 - Grade Unit: g/t - Intercept: 0.7 m - From: 74.3 m - To: 75 m - Intercept Depth: 74.3 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-001:74.3-75 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 2 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows good silver grade over a narrow width, indicating significant silver mineralization at Target 3. - Positive factor: Good silver grade \(68.4 g/t\) for an epithermal deposit - Positive factor: Confirms silver mineralization at Target 3 - Negative factor: Narrow intercept length \(0.7 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 68.4 Context: GU26-001 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-34) Copalquin · gold #### Identity - Hole ID: GU26-001 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.5 - Grade Unit: g/t - Intercept: 0.5 m - From: 79.5 m - To: 80 m - Intercept Depth: 79.5 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-001:79.5-80 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.52 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows low-grade gold mineralization over a very narrow width, indicating presence of gold but not economically significant. - Positive factor: Confirms gold mineralization at Target 3 - Negative factor: Low gold grade \(0.5 g/t\) - Negative factor: Very narrow intercept length \(0.5 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.50 Context: GU26-001 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-35) Copalquin · silver #### Identity - Hole ID: GU26-001 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 1.5 - Grade Unit: g/t - Intercept: 0.5 m - From: 79.5 m - To: 80 m - Intercept Depth: 79.5 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-001:79.5-80 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.52 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows negligible silver mineralization over a very narrow width, indicating minimal economic significance. - Negative factor: Extremely low silver grade \(1.5 g/t\) - Negative factor: Very narrow intercept length \(0.5 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 1.5 Context: GU26-001 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-002\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-36) Copalquin · gold #### Identity - Hole ID: GU26-002\* - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 33.2 - Grade Unit: g/t - Intercept: 0.5 m - From: 134.95 m - To: 135.45 m - Intercept Depth: 134.95 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-002\*:134.95-135.45 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 33.28 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This is an exceptionally high-grade gold intercept, indicating bonanza-grade mineralization at Target 3, despite the very narrow width. - Positive factor: Exceptional gold grade \(33.2 g/t\) for an epithermal deposit - Positive factor: Contributes to expansion of known mineralization at Target 3 - Negative factor: Very narrow intercept length \(0.5 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 33.20 Context: GU26-002\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-002\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-37) Copalquin · silver #### Identity - Hole ID: GU26-002\* - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 5.9 - Grade Unit: g/t - Intercept: 0.5 m - From: 134.95 m - To: 135.45 m - Intercept Depth: 134.95 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-002\*:134.95-135.45 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 33.28 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows negligible silver mineralization over a very narrow width, but is associated with a bonanza gold grade. - Positive factor: Confirms silver mineralization at Target 3 - Negative factor: Extremely low silver grade \(5.9 g/t\) - Negative factor: Very narrow intercept length \(0.5 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 5.9 Context: GU26-002\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-003 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-38) Copalquin · gold #### Identity - Hole ID: GU26-003 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.69 - Grade Unit: g/t - Intercept: 1 m - From: 19.2 m - To: 20.2 m - Intercept Depth: 19.2 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-003:19.2-20.2 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.7 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows low-grade gold mineralization over a narrow width, contributing to the overall understanding of Target 3. - Positive factor: Confirms gold mineralization at Target 3 - Negative factor: Low gold grade \(0.69 g/t\) - Negative factor: Narrow intercept length \(1.0 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.69 Context: GU26-003 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-003 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-39) Copalquin · silver #### Identity - Hole ID: GU26-003 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.9 - Grade Unit: g/t - Intercept: 1 m - From: 19.2 m - To: 20.2 m - Intercept Depth: 19.2 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-003:19.2-20.2 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.7 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows negligible silver mineralization over a narrow width, indicating minimal economic significance. - Negative factor: Extremely low silver grade \(0.9 g/t\) - Negative factor: Narrow intercept length \(1.0 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.9 Context: GU26-003 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-003 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-40) Copalquin · gold #### Identity - Hole ID: GU26-003 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.29 - Grade Unit: g/t - Intercept: 1 m - From: 20.2 m - To: 21.2 m - Intercept Depth: 20.2 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-003:20.2-21.2 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.32 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows very low-grade gold mineralization over a narrow width, indicating presence of gold but not economically significant. - Positive factor: Confirms gold mineralization at Target 3 - Negative factor: Very low gold grade \(0.29 g/t\) - Negative factor: Narrow intercept length \(1.0 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.29 Context: GU26-003 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-003 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-41) Copalquin · silver #### Identity - Hole ID: GU26-003 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 2.1 - Grade Unit: g/t - Intercept: 1 m - From: 20.2 m - To: 21.2 m - Intercept Depth: 20.2 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-003:20.2-21.2 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.32 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows negligible silver mineralization over a narrow width, indicating minimal economic significance. - Negative factor: Extremely low silver grade \(2.1 g/t\) - Negative factor: Narrow intercept length \(1.0 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 2.1 Context: GU26-003 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-003 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-42) Copalquin · gold #### Identity - Hole ID: GU26-003 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.49 - Grade Unit: g/t - Intercept: 2 m - From: 19.2 m - To: 21.2 m - Intercept Depth: 19.2 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-003:19.2-21.2 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.51 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows low-grade gold mineralization over a narrow width, contributing to the overall understanding of Target 3. - Positive factor: Confirms gold mineralization at Target 3 - Negative factor: Low gold grade \(0.49 g/t\) - Negative factor: Narrow intercept length \(2.0 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.49 Context: GU26-003 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-003 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-43) Copalquin · silver #### Identity - Hole ID: GU26-003 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 1.5 - Grade Unit: g/t - Intercept: 2 m - From: 19.2 m - To: 21.2 m - Intercept Depth: 19.2 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-003:19.2-21.2 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.51 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows negligible silver mineralization over a narrow width, indicating minimal economic significance. - Negative factor: Extremely low silver grade \(1.5 g/t\) - Negative factor: Narrow intercept length \(2.0 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 1.5 Context: GU26-003 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-003\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-44) Copalquin · gold #### Identity - Hole ID: GU26-003\* - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.76 - Grade Unit: g/t - Intercept: 0.5 m - From: 68.65 m - To: 69.15 m - Intercept Depth: 68.65 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-003\*:68.65-69.15 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 1.16 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows low-grade gold mineralization over a very narrow width, contributing to the overall understanding of Target 3. - Positive factor: Confirms gold mineralization at Target 3 - Negative factor: Low gold grade \(0.76 g/t\) - Negative factor: Very narrow intercept length \(0.5 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.76 Context: GU26-003\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-003\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-45) Copalquin · silver #### Identity - Hole ID: GU26-003\* - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 27.7 - Grade Unit: g/t - Intercept: 0.5 m - From: 68.65 m - To: 69.15 m - Intercept Depth: 68.65 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-003\*:68.65-69.15 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 1.16 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows low-grade silver mineralization over a very narrow width, contributing to the overall understanding of Target 3. - Positive factor: Confirms silver mineralization at Target 3 - Negative factor: Low silver grade \(27.7 g/t\) - Negative factor: Very narrow intercept length \(0.5 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 27.7 Context: GU26-003\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-004 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-46) Copalquin · gold #### Identity - Hole ID: GU26-004 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.28 - Grade Unit: g/t - Intercept: 0.5 m - From: 11.1 m - To: 11.6 m - Intercept Depth: 11.1 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-004:11.1-11.6 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.3 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows very low-grade gold mineralization over a very narrow width, indicating presence of gold but not economically significant. - Positive factor: Confirms gold mineralization at Target 3 - Negative factor: Very low gold grade \(0.28 g/t\) - Negative factor: Very narrow intercept length \(0.5 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.28 Context: GU26-004 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-004 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-47) Copalquin · silver #### Identity - Hole ID: GU26-004 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 1.2 - Grade Unit: g/t - Intercept: 0.5 m - From: 11.1 m - To: 11.6 m - Intercept Depth: 11.1 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-004:11.1-11.6 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.3 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows negligible silver mineralization over a very narrow width, indicating minimal economic significance. - Negative factor: Extremely low silver grade \(1.2 g/t\) - Negative factor: Very narrow intercept length \(0.5 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 1.2 Context: GU26-004 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-004 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-48) Copalquin · gold #### Identity - Hole ID: GU26-004 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.41 - Grade Unit: g/t - Intercept: 1.75 m - From: 31.75 m - To: 33.5 m - Intercept Depth: 31.75 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-004:31.75-33.5 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.41 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows low-grade gold mineralization over a narrow width, contributing to the overall understanding of Target 3. - Positive factor: Confirms gold mineralization at Target 3 - Negative factor: Low gold grade \(0.41 g/t\) - Negative factor: Narrow intercept length \(1.75 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.41 Context: GU26-004 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-004 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-49) Copalquin · silver #### Identity - Hole ID: GU26-004 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.3 - Grade Unit: g/t - Intercept: 1.75 m - From: 31.75 m - To: 33.5 m - Intercept Depth: 31.75 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-004:31.75-33.5 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.41 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows negligible silver mineralization over a narrow width, indicating minimal economic significance. - Negative factor: Extremely low silver grade \(0.3 g/t\) - Negative factor: Narrow intercept length \(1.75 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.3 Context: GU26-004 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-004 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-50) Copalquin · gold #### Identity - Hole ID: GU26-004 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.37 - Grade Unit: g/t - Intercept: 0.5 m - From: 33.5 m - To: 34 m - Intercept Depth: 33.5 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-004:33.5-34 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.38 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows very low-grade gold mineralization over a very narrow width, indicating presence of gold but not economically significant. - Positive factor: Confirms gold mineralization at Target 3 - Negative factor: Very low gold grade \(0.37 g/t\) - Negative factor: Very narrow intercept length \(0.5 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.37 Context: GU26-004 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-004 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-51) Copalquin · silver #### Identity - Hole ID: GU26-004 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.9 - Grade Unit: g/t - Intercept: 0.5 m - From: 33.5 m - To: 34 m - Intercept Depth: 33.5 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-004:33.5-34 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.38 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows negligible silver mineralization over a very narrow width, indicating minimal economic significance. - Negative factor: Extremely low silver grade \(0.9 g/t\) - Negative factor: Very narrow intercept length \(0.5 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.9 Context: GU26-004 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-004 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-52) Copalquin · gold #### Identity - Hole ID: GU26-004 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.8 - Grade Unit: g/t - Intercept: 0.5 m - From: 62.3 m - To: 62.8 m - Intercept Depth: 62.3 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-004:62.3-62.8 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.81 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows low-grade gold mineralization over a very narrow width, contributing to the overall understanding of Target 3. - Positive factor: Confirms gold mineralization at Target 3 - Negative factor: Low gold grade \(0.8 g/t\) - Negative factor: Very narrow intercept length \(0.5 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.80 Context: GU26-004 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-004 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-53) Copalquin · silver #### Identity - Hole ID: GU26-004 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.7 - Grade Unit: g/t - Intercept: 0.5 m - From: 62.3 m - To: 62.8 m - Intercept Depth: 62.3 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-004:62.3-62.8 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.81 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows negligible silver mineralization over a very narrow width, indicating minimal economic significance. - Negative factor: Extremely low silver grade \(0.7 g/t\) - Negative factor: Very narrow intercept length \(0.5 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.7 Context: GU26-004 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-004 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-54) Copalquin · gold #### Identity - Hole ID: GU26-004 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.2 - Grade Unit: g/t - Intercept: 0.65 m - From: 67.35 m - To: 68 m - Intercept Depth: 67.35 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-004:67.35-68 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.3 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows very low-grade gold mineralization over a narrow width, indicating presence of gold but not economically significant. - Positive factor: Confirms gold mineralization at Target 3 - Negative factor: Very low gold grade \(0.2 g/t\) - Negative factor: Narrow intercept length \(0.65 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.20 Context: GU26-004 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-004 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-55) Copalquin · silver #### Identity - Hole ID: GU26-004 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 6.7 - Grade Unit: g/t - Intercept: 0.65 m - From: 67.35 m - To: 68 m - Intercept Depth: 67.35 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-004:67.35-68 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.3 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows negligible silver mineralization over a narrow width, indicating minimal economic significance. - Negative factor: Extremely low silver grade \(6.7 g/t\) - Negative factor: Narrow intercept length \(0.65 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 6.7 Context: GU26-004 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-004 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-56) Copalquin · gold #### Identity - Hole ID: GU26-004 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.54 - Grade Unit: g/t - Intercept: 1.2 m - From: 68 m - To: 69.2 m - Intercept Depth: 68 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-004:68-69.2 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.84 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows low-grade gold mineralization over a narrow width, contributing to the overall understanding of Target 3. - Positive factor: Confirms gold mineralization at Target 3 - Negative factor: Low gold grade \(0.54 g/t\) - Negative factor: Narrow intercept length \(1.2 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.54 Context: GU26-004 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-004 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-57) Copalquin · silver #### Identity - Hole ID: GU26-004 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 21.2 - Grade Unit: g/t - Intercept: 1.2 m - From: 68 m - To: 69.2 m - Intercept Depth: 68 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-004:68-69.2 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.84 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows low-grade silver mineralization over a narrow width, contributing to the overall understanding of Target 3. - Positive factor: Confirms silver mineralization at Target 3 - Negative factor: Low silver grade \(21.2 g/t\) - Negative factor: Narrow intercept length \(1.2 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 21.2 Context: GU26-004 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-004\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-58) Copalquin · gold #### Identity - Hole ID: GU26-004\* - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 1.24 - Grade Unit: g/t - Intercept: 0.55 m - From: 75.85 m - To: 76.4 m - Intercept Depth: 75.85 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-004\*:75.85-76.4 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 1.33 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows moderate gold grade over a narrow width, contributing to the overall understanding of Target 3. - Positive factor: Confirms gold mineralization at Target 3 - Negative factor: Narrow intercept length \(0.55 m\) - Negative factor: Moderate gold grade \(1.24 g/t\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 1.24 Context: GU26-004\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-004\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-59) Copalquin · silver #### Identity - Hole ID: GU26-004\* - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 6.1 - Grade Unit: g/t - Intercept: 0.55 m - From: 75.85 m - To: 76.4 m - Intercept Depth: 75.85 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-004\*:75.85-76.4 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 1.33 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows negligible silver mineralization over a narrow width, indicating minimal economic significance. - Negative factor: Extremely low silver grade \(6.1 g/t\) - Negative factor: Narrow intercept length \(0.55 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 6.1 Context: GU26-004\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-004 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-60) Copalquin · gold #### Identity - Hole ID: GU26-004 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.26 - Grade Unit: g/t - Intercept: 0.55 m - From: 80.5 m - To: 81.05 m - Intercept Depth: 80.5 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-004:80.5-81.05 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.26 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows very low-grade gold mineralization over a narrow width, indicating presence of gold but not economically significant. - Positive factor: Confirms gold mineralization at Target 3 - Negative factor: Very low gold grade \(0.26 g/t\) - Negative factor: Narrow intercept length \(0.55 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.26 Context: GU26-004 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-004 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-61) Copalquin · silver #### Identity - Hole ID: GU26-004 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.3 - Grade Unit: g/t - Intercept: 0.55 m - From: 80.5 m - To: 81.05 m - Intercept Depth: 80.5 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-004:80.5-81.05 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.26 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows negligible silver mineralization over a narrow width, indicating minimal economic significance. - Negative factor: Extremely low silver grade \(0.3 g/t\) - Negative factor: Narrow intercept length \(0.55 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.3 Context: GU26-004 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-005 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-62) Copalquin · gold #### Identity - Hole ID: GU26-005 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.19 - Grade Unit: g/t - Intercept: 0.8 m - From: 32.2 m - To: 33 m - Intercept Depth: 32.2 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-005:32.2-33 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.31 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows very low-grade gold mineralization over a narrow width, indicating presence of gold but not economically significant. - Positive factor: Confirms gold mineralization at Target 3 - Negative factor: Very low gold grade \(0.19 g/t\) - Negative factor: Narrow intercept length \(0.8 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.19 Context: GU26-005 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-005 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-63) Copalquin · silver #### Identity - Hole ID: GU26-005 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 8.4 - Grade Unit: g/t - Intercept: 0.8 m - From: 32.2 m - To: 33 m - Intercept Depth: 32.2 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-005:32.2-33 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.31 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows very low-grade silver mineralization over a narrow width, indicating presence of silver but not economically significant. - Positive factor: Confirms silver mineralization at Target 3 - Negative factor: Very low silver grade \(8.4 g/t\) - Negative factor: Narrow intercept length \(0.8 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 8.4 Context: GU26-005 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-005 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-64) Copalquin · gold #### Identity - Hole ID: GU26-005 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.39 - Grade Unit: g/t - Intercept: 1.5 m - From: 48.65 m - To: 50.15 m - Intercept Depth: 48.65 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-005:48.65-50.15 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.42 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows low-grade gold mineralization over a narrow width, contributing to the overall understanding of Target 3. - Positive factor: Confirms gold mineralization at Target 3 - Negative factor: Low gold grade \(0.39 g/t\) - Negative factor: Narrow intercept length \(1.5 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.39 Context: GU26-005 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-005 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-65) Copalquin · silver #### Identity - Hole ID: GU26-005 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 2.4 - Grade Unit: g/t - Intercept: 1.5 m - From: 48.65 m - To: 50.15 m - Intercept Depth: 48.65 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-005:48.65-50.15 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.42 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows negligible silver mineralization over a narrow width, indicating minimal economic significance. - Negative factor: Extremely low silver grade \(2.4 g/t\) - Negative factor: Narrow intercept length \(1.5 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 2.4 Context: GU26-005 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-005 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-66) Copalquin · gold #### Identity - Hole ID: GU26-005 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.18 - Grade Unit: g/t - Intercept: 0.6 m - From: 68.3 m - To: 68.9 m - Intercept Depth: 68.3 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-005:68.3-68.9 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.3 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows very low-grade gold mineralization over a narrow width, indicating presence of gold but not economically significant. - Positive factor: Confirms gold mineralization at Target 3 - Negative factor: Very low gold grade \(0.18 g/t\) - Negative factor: Narrow intercept length \(0.6 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.18 Context: GU26-005 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### GU26-005 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-67) Copalquin · silver #### Identity - Hole ID: GU26-005 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 8.3 - Grade Unit: g/t - Intercept: 0.6 m - From: 68.3 m - To: 68.9 m - Intercept Depth: 68.3 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GU26-005:68.3-68.9 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.3 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows very low-grade silver mineralization over a narrow width, indicating presence of silver but not economically significant. - Positive factor: Confirms silver mineralization at Target 3 - Negative factor: Very low silver grade \(8.3 g/t\) - Negative factor: Narrow intercept length \(0.6 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 8.3 Context: GU26-005 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### CS26-002 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-68) Copalquin · gold #### Identity - Hole ID: CS26-002 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.13 - Grade Unit: g/t - Intercept: 0.5 m - From: 48.65 m - To: 49.15 m - Intercept Depth: 48.65 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: CS26-002:48.65-49.15 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.35 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows very low-grade gold mineralization over a very narrow width, indicating presence of gold but not economically significant. - Positive factor: Confirms gold mineralization at Target 3 - Negative factor: Very low gold grade \(0.13 g/t\) - Negative factor: Very narrow intercept length \(0.5 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.13 Context: CS26-002 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### CS26-002 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-69) Copalquin · silver #### Identity - Hole ID: CS26-002 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 15.6 - Grade Unit: g/t - Intercept: 0.5 m - From: 48.65 m - To: 49.15 m - Intercept Depth: 48.65 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: CS26-002:48.65-49.15 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.35 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows low-grade silver mineralization over a very narrow width, indicating presence of silver but not economically significant. - Positive factor: Confirms silver mineralization at Target 3 - Negative factor: Low silver grade \(15.6 g/t\) - Negative factor: Very narrow intercept length \(0.5 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 15.6 Context: CS26-002 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### CS26-002 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-70) Copalquin · gold #### Identity - Hole ID: CS26-002 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.26 - Grade Unit: g/t - Intercept: 1.5 m - From: 54.5 m - To: 56 m - Intercept Depth: 54.5 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: CS26-002:54.5-56 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.29 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows very low-grade gold mineralization over a narrow width, indicating presence of gold but not economically significant. - Positive factor: Confirms gold mineralization at Target 3 - Negative factor: Very low gold grade \(0.26 g/t\) - Negative factor: Narrow intercept length \(1.5 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.26 Context: CS26-002 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### CS26-002 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-71) Copalquin · silver #### Identity - Hole ID: CS26-002 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 1.9 - Grade Unit: g/t - Intercept: 1.5 m - From: 54.5 m - To: 56 m - Intercept Depth: 54.5 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: CS26-002:54.5-56 #### Location - Location: Target 3 - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.29 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows negligible silver mineralization over a narrow width, indicating minimal economic significance. - Negative factor: Extremely low silver grade \(1.9 g/t\) - Negative factor: Narrow intercept length \(1.5 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 1.9 Context: CS26-002 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### RE26-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-72) Copalquin · gold #### Identity - Hole ID: RE26-001 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.85 - Grade Unit: g/t - Intercept: 1.2 m - From: 304 m - To: 305.2 m - Intercept Depth: 304 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-001:304-305.2 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 1.31 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows low-grade gold mineralization over a narrow width, contributing to the resource upgrade but not a highlight. - Positive factor: Confirms gold mineralization at Target 1 for resource upgrade - Negative factor: Low gold grade \(0.85 g/t\) - Negative factor: Narrow intercept length \(1.2 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.85 Context: RE26-001 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-73) Copalquin · silver #### Identity - Hole ID: RE26-001 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 32.7 - Grade Unit: g/t - Intercept: 1.2 m - From: 304 m - To: 305.2 m - Intercept Depth: 304 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-001:304-305.2 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 1.31 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows low-grade silver mineralization over a narrow width, contributing to the resource upgrade but not a highlight. - Positive factor: Confirms silver mineralization at Target 1 for resource upgrade - Negative factor: Low silver grade \(32.7 g/t\) - Negative factor: Narrow intercept length \(1.2 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 32.7 Context: RE26-001 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-74) Copalquin · gold #### Identity - Hole ID: RE26-001 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 1.02 - Grade Unit: g/t - Intercept: 4 m - From: 313.15 m - To: 317.15 m - Intercept Depth: 313.15 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-001:313.15-317.15 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 1.47 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows moderate gold grade over a reasonable width, contributing positively to the resource upgrade at Target 1. - Positive factor: Moderate gold grade \(1.02 g/t\) over a reasonable width \(4.0 m\) - Positive factor: Confirms gold mineralization at Target 1 for resource upgrade - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 1.02 Context: RE26-001 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-75) Copalquin · silver #### Identity - Hole ID: RE26-001 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 31.6 - Grade Unit: g/t - Intercept: 4 m - From: 313.15 m - To: 317.15 m - Intercept Depth: 313.15 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-001:313.15-317.15 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 1.47 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows low-grade silver mineralization over a reasonable width, contributing to the resource upgrade but not a highlight. - Positive factor: Confirms silver mineralization at Target 1 for resource upgrade - Negative factor: Low silver grade \(31.6 g/t\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 31.6 Context: RE26-001 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-76) Copalquin · gold #### Identity - Hole ID: RE26-001 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 4.36 - Grade Unit: g/t - Intercept: 0.5 m - From: 316.65 m - To: 317.15 m - Intercept Depth: 316.65 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-001:316.65-317.15 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 5.08 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This is a high-grade gold sub-intercept, indicating a concentrated zone of mineralization within the broader interval, positively impacting the resource upgrade. - Positive factor: High gold grade \(4.36 g/t\) for an epithermal deposit - Positive factor: Confirms strong gold mineralization at Target 1 for resource upgrade - Negative factor: Very narrow intercept length \(0.5 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 4.36 Context: 316.65 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-77) Copalquin · silver #### Identity - Hole ID: RE26-001 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 50.2 - Grade Unit: g/t - Intercept: 0.5 m - From: 316.65 m - To: 317.15 m - Intercept Depth: 316.65 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-001:316.65-317.15 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 5.08 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This is a good silver sub-intercept, indicating a concentrated zone of mineralization within the broader interval, positively impacting the resource upgrade. - Positive factor: Good silver grade \(50.2 g/t\) for an epithermal deposit - Positive factor: Confirms strong silver mineralization at Target 1 for resource upgrade - Negative factor: Very narrow intercept length \(0.5 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 50.2 Context: 316.65 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-002 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-78) Copalquin · gold #### Identity - Hole ID: RE26-002 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 3.12 - Grade Unit: g/t - Intercept: 0.65 m - From: 290.25 m - To: 290.9 m - Intercept Depth: 290.25 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-002:290.25-290.9 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 4.36 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This is a strong gold intercept, indicating significant mineralization at Target 1 and contributing positively to the resource upgrade. - Positive factor: Strong gold grade \(3.12 g/t\) for an epithermal deposit - Positive factor: Confirms strong gold mineralization at Target 1 for resource upgrade - Negative factor: Narrow intercept length \(0.65 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 3.12 Context: RE26-002 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-002 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-79) Copalquin · silver #### Identity - Hole ID: RE26-002 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 86.7 - Grade Unit: g/t - Intercept: 0.65 m - From: 290.25 m - To: 290.9 m - Intercept Depth: 290.25 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-002:290.25-290.9 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 4.36 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This is a strong silver intercept, indicating significant mineralization at Target 1 and contributing positively to the resource upgrade. - Positive factor: Strong silver grade \(86.7 g/t\) for an epithermal deposit - Positive factor: Confirms strong silver mineralization at Target 1 for resource upgrade - Negative factor: Narrow intercept length \(0.65 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 86.7 Context: RE26-002 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-003 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-80) Copalquin · gold #### Identity - Hole ID: RE26-003 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.24 - Grade Unit: g/t - Intercept: 2 m - From: 64.2 m - To: 66.2 m - Intercept Depth: 64.2 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-003:64.2-66.2 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.42 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows very low-grade gold mineralization over a narrow width, contributing to the resource upgrade but not economically significant. - Positive factor: Confirms gold mineralization at Target 1 for resource upgrade - Negative factor: Very low gold grade \(0.24 g/t\) - Negative factor: Narrow intercept length \(2.0 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.24 Context: RE26-003 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-003 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-81) Copalquin · silver #### Identity - Hole ID: RE26-003 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 12.3 - Grade Unit: g/t - Intercept: 2 m - From: 64.2 m - To: 66.2 m - Intercept Depth: 64.2 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-003:64.2-66.2 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.42 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows very low-grade silver mineralization over a narrow width, contributing to the resource upgrade but not economically significant. - Positive factor: Confirms silver mineralization at Target 1 for resource upgrade - Negative factor: Very low silver grade \(12.3 g/t\) - Negative factor: Narrow intercept length \(2.0 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 12.3 Context: RE26-003 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-003\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-82) Copalquin · gold #### Identity - Hole ID: RE26-003\* - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.59 - Grade Unit: g/t - Intercept: 16 m - From: 78.15 m - To: 94.15 m - Intercept Depth: 78.15 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-003\*:78.15-94.15 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 1.18 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows low-grade gold mineralization over a significant width, which is positive for resource continuity and upgrade. - Positive factor: Good intercept length \(16.0 m\) - Positive factor: Confirms gold mineralization at Target 1 for resource upgrade - Negative factor: Low gold grade \(0.59 g/t\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.59 Context: RE26-003\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-003\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-83) Copalquin · silver #### Identity - Hole ID: RE26-003\* - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 41 - Grade Unit: g/t - Intercept: 16 m - From: 78.15 m - To: 94.15 m - Intercept Depth: 78.15 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-003\*:78.15-94.15 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 1.18 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows low-grade silver mineralization over a significant width, which is positive for resource continuity and upgrade. - Positive factor: Good intercept length \(16.0 m\) - Positive factor: Confirms silver mineralization at Target 1 for resource upgrade - Negative factor: Low silver grade \(41.0 g/t\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 41.0 Context: RE26-003\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-003 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-84) Copalquin · gold #### Identity - Hole ID: RE26-003 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.77 - Grade Unit: g/t - Intercept: 6.8 m - From: 78.95 m - To: 85.75 m - Intercept Depth: 78.95 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-003:78.95-85.75 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 1.44 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This sub-intercept shows low-grade gold mineralization over a good width, contributing positively to the resource upgrade. - Positive factor: Good intercept length \(6.8 m\) - Positive factor: Confirms gold mineralization at Target 1 for resource upgrade - Negative factor: Low gold grade \(0.77 g/t\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.77 Context: 78.95 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-003 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-85) Copalquin · silver #### Identity - Hole ID: RE26-003 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 46.6 - Grade Unit: g/t - Intercept: 6.8 m - From: 78.95 m - To: 85.75 m - Intercept Depth: 78.95 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-003:78.95-85.75 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 1.44 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This sub-intercept shows low-grade silver mineralization over a good width, contributing positively to the resource upgrade. - Positive factor: Good intercept length \(6.8 m\) - Positive factor: Confirms silver mineralization at Target 1 for resource upgrade - Negative factor: Low silver grade \(46.6 g/t\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 46.6 Context: 78.95 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-003 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-86) Copalquin · gold #### Identity - Hole ID: RE26-003 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 3.48 - Grade Unit: g/t - Intercept: 0.65 m - From: 91.2 m - To: 91.85 m - Intercept Depth: 91.2 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-003:91.2-91.85 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 7.17 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This is a high-grade gold sub-intercept, indicating a concentrated zone of mineralization within the broader interval, positively impacting the resource upgrade. - Positive factor: High gold grade \(3.48 g/t\) for an epithermal deposit - Positive factor: Confirms strong gold mineralization at Target 1 for resource upgrade - Negative factor: Narrow intercept length \(0.65 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 3.48 Context: 91.20 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-003 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-87) Copalquin · silver #### Identity - Hole ID: RE26-003 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 258 - Grade Unit: g/t - Intercept: 0.65 m - From: 91.2 m - To: 91.85 m - Intercept Depth: 91.2 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-003:91.2-91.85 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 7.17 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This is a high-grade silver sub-intercept, indicating a concentrated zone of mineralization within the broader interval, positively impacting the resource upgrade. - Positive factor: High silver grade \(258 g/t\) for an epithermal deposit - Positive factor: Confirms strong silver mineralization at Target 1 for resource upgrade - Negative factor: Narrow intercept length \(0.65 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 258.0 Context: 91.20 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-003 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-88) Copalquin · gold #### Identity - Hole ID: RE26-003 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.33 - Grade Unit: g/t - Intercept: 1.3 m - From: 96.9 m - To: 98.2 m - Intercept Depth: 96.9 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-003:96.9-98.2 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 1.42 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows very low-grade gold mineralization over a narrow width, contributing to the resource upgrade but not economically significant. - Positive factor: Confirms gold mineralization at Target 1 for resource upgrade - Negative factor: Very low gold grade \(0.33 g/t\) - Negative factor: Narrow intercept length \(1.3 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.33 Context: RE26-003 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-003 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-89) Copalquin · silver #### Identity - Hole ID: RE26-003 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 76.4 - Grade Unit: g/t - Intercept: 1.3 m - From: 96.9 m - To: 98.2 m - Intercept Depth: 96.9 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-003:96.9-98.2 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 1.42 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows good silver grade over a narrow width, contributing positively to the resource upgrade. - Positive factor: Good silver grade \(76.4 g/t\) for an epithermal deposit - Positive factor: Confirms silver mineralization at Target 1 for resource upgrade - Negative factor: Narrow intercept length \(1.3 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 76.4 Context: RE26-003 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-003 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-90) Copalquin · gold #### Identity - Hole ID: RE26-003 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.35 - Grade Unit: g/t - Intercept: 9.05 m - From: 104.3 m - To: 113.35 m - Intercept Depth: 104.3 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-003:104.3-113.35 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.82 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows low-grade gold mineralization over a good width, contributing to the resource upgrade but not a highlight. - Positive factor: Good intercept length \(9.05 m\) - Positive factor: Confirms gold mineralization at Target 1 for resource upgrade - Negative factor: Low gold grade \(0.35 g/t\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.35 Context: RE26-003 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-003 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-91) Copalquin · silver #### Identity - Hole ID: RE26-003 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 33 - Grade Unit: g/t - Intercept: 9.05 m - From: 104.3 m - To: 113.35 m - Intercept Depth: 104.3 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-003:104.3-113.35 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.82 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows low-grade silver mineralization over a good width, contributing to the resource upgrade but not a highlight. - Positive factor: Good intercept length \(9.05 m\) - Positive factor: Confirms silver mineralization at Target 1 for resource upgrade - Negative factor: Low silver grade \(33.0 g/t\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 33.0 Context: RE26-003 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-003 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-92) Copalquin · gold #### Identity - Hole ID: RE26-003 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.49 - Grade Unit: g/t - Intercept: 1.65 m - From: 110.9 m - To: 112.55 m - Intercept Depth: 110.9 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-003:110.9-112.55 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 1.5 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This sub-intercept shows low-grade gold mineralization over a narrow width, contributing to the resource upgrade but not a highlight. - Positive factor: Confirms gold mineralization at Target 1 for resource upgrade - Negative factor: Low gold grade \(0.49 g/t\) - Negative factor: Narrow intercept length \(1.65 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.49 Context: 110.90 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-003 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-93) Copalquin · silver #### Identity - Hole ID: RE26-003 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 71 - Grade Unit: g/t - Intercept: 1.65 m - From: 110.9 m - To: 112.55 m - Intercept Depth: 110.9 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-003:110.9-112.55 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 1.5 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This sub-intercept shows good silver grade over a narrow width, contributing positively to the resource upgrade. - Positive factor: Good silver grade \(71.0 g/t\) for an epithermal deposit - Positive factor: Confirms silver mineralization at Target 1 for resource upgrade - Negative factor: Narrow intercept length \(1.65 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 71.0 Context: 110.90 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-004\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-94) Copalquin · gold #### Identity - Hole ID: RE26-004\* - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 12.09 - Grade Unit: g/t - Intercept: 3.45 m - From: 153.9 m - To: 157.35 m - Intercept Depth: 153.9 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-004\*:153.9-157.35 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 15.65 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This is an exceptional gold intercept over a good width, indicating very strong mineralization and significantly contributing to the resource upgrade. - Positive factor: Exceptional gold grade \(12.09 g/t\) for an epithermal deposit - Positive factor: Good intercept length \(3.45 m\) - Positive factor: Confirms strong gold mineralization at Target 1 for resource upgrade - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 12.09 Context: RE26-004\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-004\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-95) Copalquin · silver #### Identity - Hole ID: RE26-004\* - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 249.3 - Grade Unit: g/t - Intercept: 3.45 m - From: 153.9 m - To: 157.35 m - Intercept Depth: 153.9 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-004\*:153.9-157.35 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 15.65 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This is a high-grade silver intercept over a good width, indicating very strong mineralization and significantly contributing to the resource upgrade. - Positive factor: High silver grade \(249.3 g/t\) for an epithermal deposit - Positive factor: Good intercept length \(3.45 m\) - Positive factor: Confirms strong silver mineralization at Target 1 for resource upgrade - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 249.3 Context: RE26-004\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-004 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-96) Copalquin · gold #### Identity - Hole ID: RE26-004 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 24.6 - Grade Unit: g/t - Intercept: 0.85 m - From: 156 m - To: 156.85 m - Intercept Depth: 156 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-004:156-156.85 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 29.27 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This is an exceptionally high-grade gold sub-intercept, indicating a bonanza-grade zone within the broader interval, significantly boosting the resource upgrade. - Positive factor: Exceptional gold grade \(24.6 g/t\) for an epithermal deposit - Positive factor: Confirms bonanza-grade gold mineralization at Target 1 for resource upgrade - Negative factor: Narrow intercept length \(0.85 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 24.60 Context: 156.00 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-004 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-97) Copalquin · silver #### Identity - Hole ID: RE26-004 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 327 - Grade Unit: g/t - Intercept: 0.85 m - From: 156 m - To: 156.85 m - Intercept Depth: 156 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-004:156-156.85 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 29.27 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This is an exceptionally high-grade silver sub-intercept, indicating a concentrated zone of mineralization within the broader interval, significantly boosting the resource upgrade. - Positive factor: Exceptional silver grade \(327 g/t\) for an epithermal deposit - Positive factor: Confirms strong silver mineralization at Target 1 for resource upgrade - Negative factor: Narrow intercept length \(0.85 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 327.0 Context: 156.00 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-005 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-98) Copalquin · gold #### Identity - Hole ID: RE26-005 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 3.38 - Grade Unit: g/t - Intercept: 1.55 m - From: 228.3 m - To: 229.85 m - Intercept Depth: 228.3 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-005:228.3-229.85 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 3.55 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This is a strong gold intercept, indicating significant mineralization at Target 1 and contributing positively to the resource upgrade. - Positive factor: Strong gold grade \(3.38 g/t\) for an epithermal deposit - Positive factor: Confirms strong gold mineralization at Target 1 for resource upgrade - Negative factor: Narrow intercept length \(1.55 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 3.38 Context: RE26-005 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-005 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-99) Copalquin · silver #### Identity - Hole ID: RE26-005 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 12 - Grade Unit: g/t - Intercept: 1.55 m - From: 228.3 m - To: 229.85 m - Intercept Depth: 228.3 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-005:228.3-229.85 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 3.55 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows very low-grade silver mineralization over a narrow width, contributing to the resource upgrade but not economically significant. - Positive factor: Confirms silver mineralization at Target 1 for resource upgrade - Negative factor: Very low silver grade \(12.0 g/t\) - Negative factor: Narrow intercept length \(1.55 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 12.0 Context: RE26-005 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-005 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-100) Copalquin · gold #### Identity - Hole ID: RE26-005 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 1.67 - Grade Unit: g/t - Intercept: 7 m - From: 233 m - To: 240 m - Intercept Depth: 233 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-005:233-240 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 2.17 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows moderate gold grade over a good width, which is positive for resource continuity and upgrade. - Positive factor: Good intercept length \(7.0 m\) - Positive factor: Confirms gold mineralization at Target 1 for resource upgrade - Negative factor: Moderate gold grade \(1.67 g/t\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 1.67 Context: RE26-005 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-005 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-101) Copalquin · silver #### Identity - Hole ID: RE26-005 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 35 - Grade Unit: g/t - Intercept: 7 m - From: 233 m - To: 240 m - Intercept Depth: 233 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-005:233-240 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 2.17 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows low-grade silver mineralization over a good width, contributing to the resource upgrade but not a highlight. - Positive factor: Good intercept length \(7.0 m\) - Positive factor: Confirms silver mineralization at Target 1 for resource upgrade - Negative factor: Low silver grade \(35.0 g/t\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 35.0 Context: RE26-005 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-005 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-102) Copalquin · gold #### Identity - Hole ID: RE26-005 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 1.5 - Grade Unit: g/t - Intercept: 3 m - From: 244 m - To: 247 m - Intercept Depth: 244 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-005:244-247 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 2.16 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows moderate gold grade over a good width, which is positive for resource continuity and upgrade. - Positive factor: Good intercept length \(3.0 m\) - Positive factor: Confirms gold mineralization at Target 1 for resource upgrade - Negative factor: Moderate gold grade \(1.5 g/t\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 1.50 Context: RE26-005 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-005 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-103) Copalquin · silver #### Identity - Hole ID: RE26-005 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 46 - Grade Unit: g/t - Intercept: 3 m - From: 244 m - To: 247 m - Intercept Depth: 244 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-005:244-247 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 2.16 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows low-grade silver mineralization over a good width, contributing to the resource upgrade but not a highlight. - Positive factor: Good intercept length \(3.0 m\) - Positive factor: Confirms silver mineralization at Target 1 for resource upgrade - Negative factor: Low silver grade \(46.0 g/t\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 46.0 Context: RE26-005 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-005 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-104) Copalquin · gold #### Identity - Hole ID: RE26-005 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.81 - Grade Unit: g/t - Intercept: 3.5 m - From: 275 m - To: 278.5 m - Intercept Depth: 275 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-005:275-278.5 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.99 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows low-grade gold mineralization over a good width, contributing to the resource upgrade but not a highlight. - Positive factor: Good intercept length \(3.5 m\) - Positive factor: Confirms gold mineralization at Target 1 for resource upgrade - Negative factor: Low gold grade \(0.81 g/t\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.81 Context: RE26-005 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-005 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-105) Copalquin · silver #### Identity - Hole ID: RE26-005 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 12.8 - Grade Unit: g/t - Intercept: 3.5 m - From: 275 m - To: 278.5 m - Intercept Depth: 275 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-005:275-278.5 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.99 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows very low-grade silver mineralization over a good width, contributing to the resource upgrade but not economically significant. - Positive factor: Confirms silver mineralization at Target 1 for resource upgrade - Negative factor: Very low silver grade \(12.8 g/t\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 12.8 Context: RE26-005 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-006 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-106) Copalquin · gold #### Identity - Hole ID: RE26-006 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.33 - Grade Unit: g/t - Intercept: 1.65 m - From: 23 m - To: 24.65 m - Intercept Depth: 23 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-006:23-24.65 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.59 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows very low-grade gold mineralization over a narrow width, contributing to the resource upgrade but not economically significant. - Positive factor: Confirms gold mineralization at Target 1 for resource upgrade - Negative factor: Very low gold grade \(0.33 g/t\) - Negative factor: Narrow intercept length \(1.65 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.33 Context: RE26-006 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-006 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-107) Copalquin · silver #### Identity - Hole ID: RE26-006 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 18.1 - Grade Unit: g/t - Intercept: 1.65 m - From: 23 m - To: 24.65 m - Intercept Depth: 23 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-006:23-24.65 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.59 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows low-grade silver mineralization over a narrow width, contributing to the resource upgrade but not economically significant. - Positive factor: Confirms silver mineralization at Target 1 for resource upgrade - Negative factor: Low silver grade \(18.1 g/t\) - Negative factor: Narrow intercept length \(1.65 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 18.1 Context: RE26-006 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-006 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-108) Copalquin · gold #### Identity - Hole ID: RE26-006 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.33 - Grade Unit: g/t - Intercept: 5.5 m - From: 28 m - To: 33.5 m - Intercept Depth: 28 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-006:28-33.5 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.56 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows low-grade gold mineralization over a good width, contributing to the resource upgrade but not a highlight. - Positive factor: Good intercept length \(5.5 m\) - Positive factor: Confirms gold mineralization at Target 1 for resource upgrade - Negative factor: Low gold grade \(0.33 g/t\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.33 Context: RE26-006 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-006 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-109) Copalquin · silver #### Identity - Hole ID: RE26-006 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 15.8 - Grade Unit: g/t - Intercept: 5.5 m - From: 28 m - To: 33.5 m - Intercept Depth: 28 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-006:28-33.5 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.56 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows low-grade silver mineralization over a good width, contributing to the resource upgrade but not a highlight. - Positive factor: Good intercept length \(5.5 m\) - Positive factor: Confirms silver mineralization at Target 1 for resource upgrade - Negative factor: Low silver grade \(15.8 g/t\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 15.8 Context: RE26-006 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-006 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-110) Copalquin · gold #### Identity - Hole ID: RE26-006 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.15 - Grade Unit: g/t - Intercept: 2 m - From: 36.05 m - To: 38.05 m - Intercept Depth: 36.05 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-006:36.05-38.05 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.31 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows very low-grade gold mineralization over a narrow width, contributing to the resource upgrade but not economically significant. - Positive factor: Confirms gold mineralization at Target 1 for resource upgrade - Negative factor: Very low gold grade \(0.15 g/t\) - Negative factor: Narrow intercept length \(2.0 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.15 Context: RE26-006 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-006 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-111) Copalquin · silver #### Identity - Hole ID: RE26-006 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 11.2 - Grade Unit: g/t - Intercept: 2 m - From: 36.05 m - To: 38.05 m - Intercept Depth: 36.05 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-006:36.05-38.05 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.31 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows very low-grade silver mineralization over a narrow width, contributing to the resource upgrade but not economically significant. - Positive factor: Confirms silver mineralization at Target 1 for resource upgrade - Negative factor: Very low silver grade \(11.2 g/t\) - Negative factor: Narrow intercept length \(2.0 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 11.2 Context: RE26-006 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-006 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-112) Copalquin · gold #### Identity - Hole ID: RE26-006 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.98 - Grade Unit: g/t - Intercept: 1.75 m - From: 40.25 m - To: 42 m - Intercept Depth: 40.25 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-006:40.25-42 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 1.79 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows moderate gold grade over a narrow width, contributing to the resource upgrade. - Positive factor: Confirms gold mineralization at Target 1 for resource upgrade - Negative factor: Narrow intercept length \(1.75 m\) - Negative factor: Moderate gold grade \(0.98 g/t\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.98 Context: RE26-006 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-006 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-113) Copalquin · silver #### Identity - Hole ID: RE26-006 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 56.5 - Grade Unit: g/t - Intercept: 1.75 m - From: 40.25 m - To: 42 m - Intercept Depth: 40.25 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-006:40.25-42 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 1.79 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows good silver grade over a narrow width, contributing positively to the resource upgrade. - Positive factor: Good silver grade \(56.5 g/t\) for an epithermal deposit - Positive factor: Confirms silver mineralization at Target 1 for resource upgrade - Negative factor: Narrow intercept length \(1.75 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 56.5 Context: RE26-006 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-006 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-114) Copalquin · gold #### Identity - Hole ID: RE26-006 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.32 - Grade Unit: g/t - Intercept: 1.55 m - From: 59.15 m - To: 60.7 m - Intercept Depth: 59.15 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-006:59.15-60.7 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.54 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows very low-grade gold mineralization over a narrow width, contributing to the resource upgrade but not economically significant. - Positive factor: Confirms gold mineralization at Target 1 for resource upgrade - Negative factor: Very low gold grade \(0.32 g/t\) - Negative factor: Narrow intercept length \(1.55 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.32 Context: RE26-006 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-006 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-115) Copalquin · silver #### Identity - Hole ID: RE26-006 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 15.2 - Grade Unit: g/t - Intercept: 1.55 m - From: 59.15 m - To: 60.7 m - Intercept Depth: 59.15 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-006:59.15-60.7 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.54 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows low-grade silver mineralization over a narrow width, contributing to the resource upgrade but not economically significant. - Positive factor: Confirms silver mineralization at Target 1 for resource upgrade - Negative factor: Low silver grade \(15.2 g/t\) - Negative factor: Narrow intercept length \(1.55 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 15.2 Context: RE26-006 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-006 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-116) Copalquin · gold #### Identity - Hole ID: RE26-006 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.5 - Grade Unit: g/t - Intercept: 4.95 m - From: 65.05 m - To: 70 m - Intercept Depth: 65.05 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-006:65.05-70 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 1.21 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows low-grade gold mineralization over a good width, which is positive for resource continuity and upgrade. - Positive factor: Good intercept length \(4.95 m\) - Positive factor: Confirms gold mineralization at Target 1 for resource upgrade - Negative factor: Low gold grade \(0.5 g/t\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.50 Context: RE26-006 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-006 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-117) Copalquin · silver #### Identity - Hole ID: RE26-006 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 49.2 - Grade Unit: g/t - Intercept: 4.95 m - From: 65.05 m - To: 70 m - Intercept Depth: 65.05 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-006:65.05-70 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 1.21 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows low-grade silver mineralization over a good width, which is positive for resource continuity and upgrade. - Positive factor: Good intercept length \(4.95 m\) - Positive factor: Confirms silver mineralization at Target 1 for resource upgrade - Negative factor: Low silver grade \(49.2 g/t\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 49.2 Context: RE26-006 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-006 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-118) Copalquin · gold #### Identity - Hole ID: RE26-006 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.98 - Grade Unit: g/t - Intercept: 1.35 m - From: 65.65 m - To: 67 m - Intercept Depth: 65.65 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-006:65.65-67 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 2.62 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This sub-intercept shows moderate gold grade over a narrow width, contributing to the resource upgrade. - Positive factor: Confirms gold mineralization at Target 1 for resource upgrade - Negative factor: Narrow intercept length \(1.35 m\) - Negative factor: Moderate gold grade \(0.98 g/t\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.98 Context: 65.65 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-006 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-119) Copalquin · silver #### Identity - Hole ID: RE26-006 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 115 - Grade Unit: g/t - Intercept: 1.35 m - From: 65.65 m - To: 67 m - Intercept Depth: 65.65 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-006:65.65-67 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 2.62 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This sub-intercept shows good silver grade over a narrow width, contributing positively to the resource upgrade. - Positive factor: Good silver grade \(115.0 g/t\) for an epithermal deposit - Positive factor: Confirms silver mineralization at Target 1 for resource upgrade - Negative factor: Narrow intercept length \(1.35 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 115.0 Context: 65.65 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-006 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-120) Copalquin · gold #### Identity - Hole ID: RE26-006 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.1 - Grade Unit: g/t - Intercept: 0.7 m - From: 82.15 m - To: 82.85 m - Intercept Depth: 82.15 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-006:82.15-82.85 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.25 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows very low-grade gold mineralization over a narrow width, contributing to the resource upgrade but not economically significant. - Positive factor: Confirms gold mineralization at Target 1 for resource upgrade - Negative factor: Very low gold grade \(0.1 g/t\) - Negative factor: Narrow intercept length \(0.7 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.10 Context: RE26-006 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-006 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-121) Copalquin · silver #### Identity - Hole ID: RE26-006 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 10.7 - Grade Unit: g/t - Intercept: 0.7 m - From: 82.15 m - To: 82.85 m - Intercept Depth: 82.15 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-006:82.15-82.85 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.25 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows very low-grade silver mineralization over a narrow width, contributing to the resource upgrade but not economically significant. - Positive factor: Confirms silver mineralization at Target 1 for resource upgrade - Negative factor: Very low silver grade \(10.7 g/t\) - Negative factor: Narrow intercept length \(0.7 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 10.7 Context: RE26-006 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-006 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-122) Copalquin · gold #### Identity - Hole ID: RE26-006 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.18 - Grade Unit: g/t - Intercept: 0.5 m - From: 83.55 m - To: 84.05 m - Intercept Depth: 83.55 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-006:83.55-84.05 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.28 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows very low-grade gold mineralization over a very narrow width, contributing to the resource upgrade but not economically significant. - Positive factor: Confirms gold mineralization at Target 1 for resource upgrade - Negative factor: Very low gold grade \(0.18 g/t\) - Negative factor: Very narrow intercept length \(0.5 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.18 Context: RE26-006 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-006 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-123) Copalquin · silver #### Identity - Hole ID: RE26-006 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 6.5 - Grade Unit: g/t - Intercept: 0.5 m - From: 83.55 m - To: 84.05 m - Intercept Depth: 83.55 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-006:83.55-84.05 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.28 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows negligible silver mineralization over a very narrow width, contributing to the resource upgrade but not economically significant. - Negative factor: Extremely low silver grade \(6.5 g/t\) - Negative factor: Very narrow intercept length \(0.5 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 6.5 Context: RE26-006 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-006 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-124) Copalquin · gold #### Identity - Hole ID: RE26-006 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.14 - Grade Unit: g/t - Intercept: 1 m - From: 85 m - To: 86 m - Intercept Depth: 85 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-006:85-86 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.44 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows very low-grade gold mineralization over a narrow width, contributing to the resource upgrade but not economically significant. - Positive factor: Confirms gold mineralization at Target 1 for resource upgrade - Negative factor: Very low gold grade \(0.14 g/t\) - Negative factor: Narrow intercept length \(1.0 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.14 Context: RE26-006 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-006 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-125) Copalquin · silver #### Identity - Hole ID: RE26-006 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 21.1 - Grade Unit: g/t - Intercept: 1 m - From: 85 m - To: 86 m - Intercept Depth: 85 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-006:85-86 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.44 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows low-grade silver mineralization over a narrow width, contributing to the resource upgrade but not economically significant. - Positive factor: Confirms silver mineralization at Target 1 for resource upgrade - Negative factor: Low silver grade \(21.1 g/t\) - Negative factor: Narrow intercept length \(1.0 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 21.1 Context: RE26-006 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-006 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-126) Copalquin · gold #### Identity - Hole ID: RE26-006 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.35 - Grade Unit: g/t - Intercept: 1 m - From: 89 m - To: 90 m - Intercept Depth: 89 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-006:89-90 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.37 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows very low-grade gold mineralization over a narrow width, contributing to the resource upgrade but not economically significant. - Positive factor: Confirms gold mineralization at Target 1 for resource upgrade - Negative factor: Very low gold grade \(0.35 g/t\) - Negative factor: Narrow intercept length \(1.0 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 0.35 Context: RE26-006 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-006 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-127) Copalquin · silver #### Identity - Hole ID: RE26-006 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 1.1 - Grade Unit: g/t - Intercept: 1 m - From: 89 m - To: 90 m - Intercept Depth: 89 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-006:89-90 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.37 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This intercept shows negligible silver mineralization over a narrow width, contributing to the resource upgrade but not economically significant. - Negative factor: Extremely low silver grade \(1.1 g/t\) - Negative factor: Narrow intercept length \(1.0 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 1.1 Context: RE26-006 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-007 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-128) Copalquin · gold #### Identity - Hole ID: RE26-007 - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 2.26 - Grade Unit: g/t - Intercept: 1.45 m - From: 102.85 m - To: 104.3 m - Intercept Depth: 102.85 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-007:102.85-104.3 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 3.43 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This is a strong gold intercept, indicating significant mineralization at Target 1 and contributing positively to the resource upgrade. - Positive factor: Strong gold grade \(2.26 g/t\) for an epithermal deposit - Positive factor: Confirms strong gold mineralization at Target 1 for resource upgrade - Negative factor: Narrow intercept length \(1.45 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 2.26 Context: RE26-007 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-007 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-129) Copalquin · silver #### Identity - Hole ID: RE26-007 - Project: Copalquin - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 82.2 - Grade Unit: g/t - Intercept: 1.45 m - From: 102.85 m - To: 104.3 m - Intercept Depth: 102.85 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-007:102.85-104.3 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 3.43 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This is a strong silver intercept, indicating significant mineralization at Target 1 and contributing positively to the resource upgrade. - Positive factor: Strong silver grade \(82.2 g/t\) for an epithermal deposit - Positive factor: Confirms strong silver mineralization at Target 1 for resource upgrade - Negative factor: Narrow intercept length \(1.45 m\) - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 82.2 Context: RE26-007 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-009\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-130) Copalquin · gold #### Identity - Hole ID: RE26-009\* - Project: Copalquin - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 7 - Grade Unit: g/t - Intercept: 9.65 m - From: 271.4 m - To: 281.05 m - Intercept Depth: 271.4 m #### Classification - Deposit Type: epithermal - Program: resource - Sample Type: drill - Group ID: RE26-009\*:271.4-281.05 #### Location - Location: El Refugio - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 12.29 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: This is an exceptional gold intercept over a significant width, indicating very strong mineralization and significantly contributing to the resource upgrade. - Positive factor: Exceptional gold grade \(7.0 g/t\) for an epithermal deposit - Positive factor: Excellent intercept length \(9.65 m\) - Positive factor: Confirms strong gold mineralization at Target 1 for resource upgrade - Negative factor: Metal equivalent assumptions not explicitly stated for this table Evidence · table > 7.00 Context: RE26-009\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### RE26-003\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-131) Copalquin Target 1 · gold #### Identity - Hole ID: RE26-003\* - Project: Copalquin Target 1 - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.77 - Grade Unit: g/t - Intercept: 6.8 m - From: 78.95 m - To: 85.75 m - Intercept Depth: 78.95 m #### Classification - Sample Type: drill - Group ID: RE26-003\*:78.95-85.75 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 0.77 g/t gold is below against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 5.2 g/t·m is below. - Negative factor: 0.77 g/t gold is below the weak threshold \(2.5 g/t\) on the underground mining band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 0.77 Context: including #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### RE26-003\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-132) Copalquin Target 1 · silver #### Identity - Hole ID: RE26-003\* - Project: Copalquin Target 1 - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 46.6 - Grade Unit: g/t - Intercept: 6.8 m - From: 78.95 m - To: 85.75 m - Intercept Depth: 78.95 m #### Classification - Sample Type: drill - Group ID: RE26-003\*:78.95-85.75 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 46.6 g/t silver is weak against the default band \[500, 200, 100, 30\] g/t. Grade×width 316.9 g/t·m is weak. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 46.6 Context: including #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### RE26-003\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-133) Copalquin Target 1 · gold #### Identity - Hole ID: RE26-003\* - Project: Copalquin Target 1 - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 3.48 - Grade Unit: g/t - Intercept: 0.65 m - From: 91.2 m - To: 91.85 m - Intercept Depth: 91.2 m #### Classification - Sample Type: drill - Group ID: RE26-003\*:91.2-91.85 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 3.48 g/t gold is weak against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 2.3 g/t·m is below \(grade alone is weak; the better of the two is used\). - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 3.48 Context: including #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### RE26-003\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-134) Copalquin Target 1 · silver #### Identity - Hole ID: RE26-003\* - Project: Copalquin Target 1 - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 258 - Grade Unit: g/t - Intercept: 0.65 m - From: 91.2 m - To: 91.85 m - Intercept Depth: 91.2 m #### Classification - Sample Type: drill - Group ID: RE26-003\*:91.2-91.85 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 258 g/t silver is strong against the default band \[500, 200, 100, 30\] g/t. Grade×width 167.7 g/t·m is below \(grade alone is strong; the better of the two is used\). - Positive factor: 258 g/t silver is strong on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 258.0 Context: including #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### RE26-004\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-135) Copalquin Target 1 · gold #### Identity - Hole ID: RE26-004\* - Project: Copalquin Target 1 - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 24.6 - Grade Unit: g/t - Intercept: 0.85 m - From: 156 m - To: 156.85 m - Intercept Depth: 156 m #### Classification - Sample Type: drill - Group ID: RE26-004\*:156-156.85 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 24.6 g/t gold is exceptional against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 20.9 g/t·m is weak \(grade alone is exceptional; the better of the two is used\). - Positive factor: 24.6 g/t gold is exceptional on the underground mining band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 24.60 Context: including #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### RE26-004\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-136) Copalquin Target 1 · silver #### Identity - Hole ID: RE26-004\* - Project: Copalquin Target 1 - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 327 - Grade Unit: g/t - Intercept: 0.85 m - From: 156 m - To: 156.85 m - Intercept Depth: 156 m #### Classification - Sample Type: drill - Group ID: RE26-004\*:156-156.85 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 327 g/t silver is strong against the default band \[500, 200, 100, 30\] g/t. Grade×width 277.9 g/t·m is weak \(grade alone is strong; the better of the two is used\). - Positive factor: 327 g/t silver is strong on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 327.0 Context: including #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### RE26-009\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-137) Copalquin Target 1 · silver #### Identity - Hole ID: RE26-009\* - Project: Copalquin Target 1 - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 370.3 - Grade Unit: g/t - Intercept: 9.65 m - From: 271.4 m - To: 281.05 m - Intercept Depth: 271.4 m #### Classification - Sample Type: drill - Group ID: RE26-009\*:271.4-281.05 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 370.3 g/t silver is strong against the default band \[500, 200, 100, 30\] g/t. Grade×width 3573.4 g/t·m is strong. - Positive factor: 370.3 g/t silver is strong on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 370.3 Context: RE26-009\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### RE26-009\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-138) Copalquin Target 1 · gold #### Identity - Hole ID: RE26-009\* - Project: Copalquin Target 1 - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 8.58 - Grade Unit: g/t - Intercept: 2.75 m - From: 271.4 m - To: 274.15 m - Intercept Depth: 271.4 m #### Classification - Sample Type: drill - Group ID: RE26-009\*:271.4-274.15 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 8.58 g/t gold is strong against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 23.6 g/t·m is weak \(grade alone is strong; the better of the two is used\). - Positive factor: 8.58 g/t gold is strong on the underground mining band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 8.58 Context: including #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### RE26-009\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-139) Copalquin Target 1 · silver #### Identity - Hole ID: RE26-009\* - Project: Copalquin Target 1 - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 486 - Grade Unit: g/t - Intercept: 2.75 m - From: 271.4 m - To: 274.15 m - Intercept Depth: 271.4 m #### Classification - Sample Type: drill - Group ID: RE26-009\*:271.4-274.15 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 486 g/t silver is strong against the default band \[500, 200, 100, 30\] g/t. Grade×width 1336.5 g/t·m is moderate \(grade alone is strong; the better of the two is used\). - Positive factor: 486 g/t silver is strong on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 486.0 Context: including #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### RE26-009\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-140) Copalquin Target 1 · gold #### Identity - Hole ID: RE26-009\* - Project: Copalquin Target 1 - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 15.15 - Grade Unit: g/t - Intercept: 0.95 m - From: 271.4 m - To: 272.35 m - Intercept Depth: 271.4 m #### Classification - Sample Type: drill - Group ID: RE26-009\*:271.4-272.35 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 15.15 g/t gold is exceptional against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 14.4 g/t·m is weak \(grade alone is exceptional; the better of the two is used\). - Positive factor: 15.15 g/t gold is exceptional on the underground mining band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 15.15 Context: including #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### RE26-009\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-141) Copalquin Target 1 · silver #### Identity - Hole ID: RE26-009\* - Project: Copalquin Target 1 - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 980 - Grade Unit: g/t - Intercept: 0.95 m - From: 271.4 m - To: 272.35 m - Intercept Depth: 271.4 m #### Classification - Sample Type: drill - Group ID: RE26-009\*:271.4-272.35 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 980 g/t silver is exceptional against the default band \[500, 200, 100, 30\] g/t. Grade×width 931.0 g/t·m is weak \(grade alone is exceptional; the better of the two is used\). - Positive factor: 980 g/t silver is exceptional on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 980.0 Context: including #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### and [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-142) and the broader expansion of the large Copalquin epithermal · gold #### Identity - Hole ID: and - Project: and the broader expansion of the large Copalquin epithermal - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 11.52 - Grade Unit: g/t - Intercept: 3.25 m - From: 275.8 m - To: 279.05 m - Intercept Depth: 275.8 m #### Classification - Sample Type: drill - Group ID: and:275.8-279.05 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 11.52 g/t gold is strong against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 37.4 g/t·m is moderate \(grade alone is strong; the better of the two is used\). - Positive factor: 11.52 g/t gold is strong on the underground mining band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 11.52 Context: and #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### and [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-143) and the broader expansion of the large Copalquin epithermal · silver #### Identity - Hole ID: and - Project: and the broader expansion of the large Copalquin epithermal - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 596.2 - Grade Unit: g/t - Intercept: 3.25 m - From: 275.8 m - To: 279.05 m - Intercept Depth: 275.8 m #### Classification - Sample Type: drill - Group ID: and:275.8-279.05 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 596.2 g/t silver is exceptional against the default band \[500, 200, 100, 30\] g/t. Grade×width 1937.7 g/t·m is moderate \(grade alone is exceptional; the better of the two is used\). - Positive factor: 596.2 g/t silver is exceptional on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 596.2 Context: and #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### and [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-144) and the broader expansion of the large Copalquin epithermal · gold #### Identity - Hole ID: and - Project: and the broader expansion of the large Copalquin epithermal - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 30.7 - Grade Unit: g/t - Intercept: 0.5 m - From: 276.45 m - To: 276.95 m - Intercept Depth: 276.45 m #### Classification - Sample Type: drill - Group ID: and:276.45-276.95 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 30.7 g/t gold is exceptional against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 15.3 g/t·m is weak \(grade alone is exceptional; the better of the two is used\). - Positive factor: 30.7 g/t gold is exceptional on the underground mining band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 30.70 Context: including #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### and [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-145) and the broader expansion of the large Copalquin epithermal · silver #### Identity - Hole ID: and - Project: and the broader expansion of the large Copalquin epithermal - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 1780 - Grade Unit: g/t - Intercept: 0.5 m - From: 276.45 m - To: 276.95 m - Intercept Depth: 276.45 m #### Classification - Sample Type: drill - Group ID: and:276.45-276.95 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 1780 g/t silver is exceptional against the default band \[500, 200, 100, 30\] g/t. Grade×width 890.0 g/t·m is weak \(grade alone is exceptional; the better of the two is used\). - Positive factor: 1780 g/t silver is exceptional on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 1780.0 Context: including #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### RE26-009 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-146) Drilling in the area has helped improve the geological understanding of this area which is dominated by multiphase quartz breccia mineralisation and is spatially influenced by a post-mineral dike · gold #### Identity - Hole ID: RE26-009 - Project: Drilling in the area has helped improve the geological understanding of this area which is dominated by multiphase quartz breccia mineralisation and is spatially influenced by a post-mineral dike - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 6.55 - Grade Unit: g/t - Intercept: 0.55 m - From: 285.6 m - To: 286.15 m - Intercept Depth: 285.6 m #### Classification - Sample Type: drill - Group ID: RE26-009:285.6-286.15 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 6.55 g/t gold is moderate against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 3.6 g/t·m is below \(grade alone is moderate; the better of the two is used\). - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 6.55 Context: RE26-009 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### RE26-009 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-147) Drilling in the area has helped improve the geological understanding of this area which is dominated by multiphase quartz breccia mineralisation and is spatially influenced by a post-mineral dike · silver #### Identity - Hole ID: RE26-009 - Project: Drilling in the area has helped improve the geological understanding of this area which is dominated by multiphase quartz breccia mineralisation and is spatially influenced by a post-mineral dike - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 400 - Grade Unit: g/t - Intercept: 0.55 m - From: 285.6 m - To: 286.15 m - Intercept Depth: 285.6 m #### Classification - Sample Type: drill - Group ID: RE26-009:285.6-286.15 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 400 g/t silver is strong against the default band \[500, 200, 100, 30\] g/t. Grade×width 220.0 g/t·m is weak \(grade alone is strong; the better of the two is used\). - Positive factor: 400 g/t silver is strong on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 400.0 Context: RE26-009 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### RE26-010\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-148) Copalquin Target 1 · gold #### Identity - Hole ID: RE26-010\* - Project: Copalquin Target 1 - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 2.41 - Grade Unit: g/t - Intercept: 2.85 m - From: 395.05 m - To: 397.9 m - Intercept Depth: 395.05 m #### Classification - Sample Type: drill - Group ID: RE26-010\*:395.05-397.9 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 2.41 g/t gold is below against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 6.9 g/t·m is below. - Negative factor: 2.41 g/t gold is below the weak threshold \(2.5 g/t\) on the underground mining band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 2.41 Context: RE26-010\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### RE26-010\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-149) Copalquin Target 1 · silver #### Identity - Hole ID: RE26-010\* - Project: Copalquin Target 1 - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 107.8 - Grade Unit: g/t - Intercept: 2.85 m - From: 395.05 m - To: 397.9 m - Intercept Depth: 395.05 m #### Classification - Sample Type: drill - Group ID: RE26-010\*:395.05-397.9 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 107.8 g/t silver is moderate against the default band \[500, 200, 100, 30\] g/t. Grade×width 307.2 g/t·m is weak \(grade alone is moderate; the better of the two is used\). - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 107.8 Context: RE26-010\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### RE26-010\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-150) Copalquin Target 1 · gold #### Identity - Hole ID: RE26-010\* - Project: Copalquin Target 1 - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 2.83 - Grade Unit: g/t - Intercept: 0.95 m - From: 396.95 m - To: 397.9 m - Intercept Depth: 396.95 m #### Classification - Sample Type: drill - Group ID: RE26-010\*:396.95-397.9 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 2.83 g/t gold is weak against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 2.7 g/t·m is below \(grade alone is weak; the better of the two is used\). - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 2.83 Context: including #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### RE26-010\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-151) Copalquin Target 1 · silver #### Identity - Hole ID: RE26-010\* - Project: Copalquin Target 1 - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 188 - Grade Unit: g/t - Intercept: 0.95 m - From: 396.95 m - To: 397.9 m - Intercept Depth: 396.95 m #### Classification - Sample Type: drill - Group ID: RE26-010\*:396.95-397.9 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 188 g/t silver is moderate against the default band \[500, 200, 100, 30\] g/t. Grade×width 178.6 g/t·m is below \(grade alone is moderate; the better of the two is used\). - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 188.0 Context: including #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### RE26-012 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-152) Copalquin Target 1 · gold #### Identity - Hole ID: RE26-012 - Project: Copalquin Target 1 - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 6.64 - Grade Unit: g/t - Intercept: 1.2 m - From: 304.2 m - To: 305.4 m - Intercept Depth: 304.2 m #### Classification - Sample Type: drill - Group ID: RE26-012:304.2-305.4 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 6.64 g/t gold is moderate against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 8.0 g/t·m is below \(grade alone is moderate; the better of the two is used\). - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 6.64 Context: RE26-012 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### RE26-012 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-153) Copalquin Target 1 · silver #### Identity - Hole ID: RE26-012 - Project: Copalquin Target 1 - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 6.4 - Grade Unit: g/t - Intercept: 1.2 m - From: 304.2 m - To: 305.4 m - Intercept Depth: 304.2 m #### Classification - Sample Type: drill - Group ID: RE26-012:304.2-305.4 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 6.4 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 7.7 g/t·m is below. - Negative factor: 6.4 g/t silver is below the weak threshold \(30 g/t\) on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 6.4 Context: RE26-012 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### RE26-012 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-154) Copalquin Target 1 · gold #### Identity - Hole ID: RE26-012 - Project: Copalquin Target 1 - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 3.79 - Grade Unit: g/t - Intercept: 1.65 m - From: 316.75 m - To: 318.4 m - Intercept Depth: 316.75 m #### Classification - Sample Type: drill - Group ID: RE26-012:316.75-318.4 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 3.79 g/t gold is weak against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 6.3 g/t·m is below \(grade alone is weak; the better of the two is used\). - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 3.79 Context: RE26-012 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### RE26-012 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-155) Copalquin Target 1 · silver #### Identity - Hole ID: RE26-012 - Project: Copalquin Target 1 - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 8.3 - Grade Unit: g/t - Intercept: 1.65 m - From: 316.75 m - To: 318.4 m - Intercept Depth: 316.75 m #### Classification - Sample Type: drill - Group ID: RE26-012:316.75-318.4 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 8.3 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 13.7 g/t·m is below. - Negative factor: 8.3 g/t silver is below the weak threshold \(30 g/t\) on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 8.3 Context: RE26-012 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### RE26-012 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-156) Copalquin Target 1 · gold #### Identity - Hole ID: RE26-012 - Project: Copalquin Target 1 - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 5.55 - Grade Unit: g/t - Intercept: 0.75 m - From: 317.65 m - To: 318.4 m - Intercept Depth: 317.65 m #### Classification - Sample Type: drill - Group ID: RE26-012:317.65-318.4 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 5.55 g/t gold is moderate against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 4.2 g/t·m is below \(grade alone is moderate; the better of the two is used\). - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 5.55 Context: including #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### RE26-012 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-157) Copalquin Target 1 · silver #### Identity - Hole ID: RE26-012 - Project: Copalquin Target 1 - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 11.9 - Grade Unit: g/t - Intercept: 0.75 m - From: 317.65 m - To: 318.4 m - Intercept Depth: 317.65 m #### Classification - Sample Type: drill - Group ID: RE26-012:317.65-318.4 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 11.9 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 8.9 g/t·m is below. - Negative factor: 11.9 g/t silver is below the weak threshold \(30 g/t\) on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 11.9 Context: including #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### RE26-013\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-158) Copalquin Target 1 · gold #### Identity - Hole ID: RE26-013\* - Project: Copalquin Target 1 - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 4.01 - Grade Unit: g/t - Intercept: 7.25 m - From: 375.7 m - To: 382.95 m - Intercept Depth: 375.7 m #### Classification - Sample Type: drill - Group ID: RE26-013\*:375.7-382.95 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 4.01 g/t gold is moderate against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 29.1 g/t·m is weak \(grade alone is moderate; the better of the two is used\). - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 4.01 Context: RE26-013\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### RE26-013\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-159) Copalquin Target 1 · silver #### Identity - Hole ID: RE26-013\* - Project: Copalquin Target 1 - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 225.1 - Grade Unit: g/t - Intercept: 7.25 m - From: 375.7 m - To: 382.95 m - Intercept Depth: 375.7 m #### Classification - Sample Type: drill - Group ID: RE26-013\*:375.7-382.95 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 225.1 g/t silver is strong against the default band \[500, 200, 100, 30\] g/t. Grade×width 1632.0 g/t·m is moderate \(grade alone is strong; the better of the two is used\). - Positive factor: 225.1 g/t silver is strong on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 225.1 Context: RE26-013\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### RE26-013\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-160) Copalquin Target 1 · gold #### Identity - Hole ID: RE26-013\* - Project: Copalquin Target 1 - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 7.11 - Grade Unit: g/t - Intercept: 3.3 m - From: 376.8 m - To: 380.1 m - Intercept Depth: 376.8 m #### Classification - Sample Type: drill - Group ID: RE26-013\*:376.8-380.1 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 7.11 g/t gold is strong against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 23.5 g/t·m is weak \(grade alone is strong; the better of the two is used\). - Positive factor: 7.11 g/t gold is strong on the underground mining band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 7.11 Context: including #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### RE26-013\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-161) Copalquin Target 1 · silver #### Identity - Hole ID: RE26-013\* - Project: Copalquin Target 1 - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 368.2 - Grade Unit: g/t - Intercept: 3.3 m - From: 376.8 m - To: 380.1 m - Intercept Depth: 376.8 m #### Classification - Sample Type: drill - Group ID: RE26-013\*:376.8-380.1 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 368.2 g/t silver is strong against the default band \[500, 200, 100, 30\] g/t. Grade×width 1215.1 g/t·m is moderate \(grade alone is strong; the better of the two is used\). - Positive factor: 368.2 g/t silver is strong on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 368.2 Context: including #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### and\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-162) Copalquin Target 1 · gold #### Identity - Hole ID: and\* - Project: Copalquin Target 1 - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 15.25 - Grade Unit: g/t - Intercept: 0.5 m - From: 378 m - To: 378.5 m - Intercept Depth: 378 m #### Classification - Sample Type: drill - Group ID: and\*:378-378.5 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 15.25 g/t gold is exceptional against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 7.6 g/t·m is below \(grade alone is exceptional; the better of the two is used\). - Positive factor: 15.25 g/t gold is exceptional on the underground mining band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 15.25 Context: and\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### and\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-163) Copalquin Target 1 · silver #### Identity - Hole ID: and\* - Project: Copalquin Target 1 - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 533 - Grade Unit: g/t - Intercept: 0.5 m - From: 378 m - To: 378.5 m - Intercept Depth: 378 m #### Classification - Sample Type: drill - Group ID: and\*:378-378.5 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 533 g/t silver is exceptional against the default band \[500, 200, 100, 30\] g/t. Grade×width 266.5 g/t·m is weak \(grade alone is exceptional; the better of the two is used\). - Positive factor: 533 g/t silver is exceptional on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 533.0 Context: and\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-164) Copalquin Target 1 · gold #### Identity - Hole ID: LS26-001 - Project: Copalquin Target 1 - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 1.37 - Grade Unit: g/t - Intercept: 0.95 m - From: 193 m - To: 193.95 m - Intercept Depth: 193 m #### Classification - Sample Type: drill - Group ID: LS26-001:193-193.95 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 1.37 g/t gold is below against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 1.3 g/t·m is below. - Negative factor: 1.37 g/t gold is below the weak threshold \(2.5 g/t\) on the underground mining band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 1.37 Context: LS26-001 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-165) Copalquin Target 1 · silver #### Identity - Hole ID: LS26-001 - Project: Copalquin Target 1 - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 77.8 - Grade Unit: g/t - Intercept: 0.95 m - From: 193 m - To: 193.95 m - Intercept Depth: 193 m #### Classification - Sample Type: drill - Group ID: LS26-001:193-193.95 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 77.8 g/t silver is weak against the default band \[500, 200, 100, 30\] g/t. Grade×width 73.9 g/t·m is below \(grade alone is weak; the better of the two is used\). - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 77.8 Context: LS26-001 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-002 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-166) Copalquin Target 1 · gold #### Identity - Hole ID: LS26-002 - Project: Copalquin Target 1 - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 1.04 - Grade Unit: g/t - Intercept: 0.5 m - From: 187.8 m - To: 188.3 m - Intercept Depth: 187.8 m #### Classification - Sample Type: drill - Group ID: LS26-002:187.8-188.3 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 1.04 g/t gold is below against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 0.5 g/t·m is below. - Negative factor: 1.04 g/t gold is below the weak threshold \(2.5 g/t\) on the underground mining band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 1.04 Context: LS26-002 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-002 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-167) Copalquin Target 1 · silver #### Identity - Hole ID: LS26-002 - Project: Copalquin Target 1 - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 47.5 - Grade Unit: g/t - Intercept: 0.5 m - From: 187.8 m - To: 188.3 m - Intercept Depth: 187.8 m #### Classification - Sample Type: drill - Group ID: LS26-002:187.8-188.3 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 47.5 g/t silver is weak against the default band \[500, 200, 100, 30\] g/t. Grade×width 23.8 g/t·m is below \(grade alone is weak; the better of the two is used\). - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 47.5 Context: LS26-002 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-002 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-168) Copalquin Target 1 · gold #### Identity - Hole ID: LS26-002 - Project: Copalquin Target 1 - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 1 - Grade Unit: g/t - Intercept: 0.5 m - From: 201.5 m - To: 202 m - Intercept Depth: 201.5 m #### Classification - Sample Type: drill - Group ID: LS26-002:201.5-202 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 1 g/t gold is below against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 0.5 g/t·m is below. - Negative factor: 1 g/t gold is below the weak threshold \(2.5 g/t\) on the underground mining band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 1.00 Context: LS26-002 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-002 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-169) Copalquin Target 1 · silver #### Identity - Hole ID: LS26-002 - Project: Copalquin Target 1 - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 59 - Grade Unit: g/t - Intercept: 0.5 m - From: 201.5 m - To: 202 m - Intercept Depth: 201.5 m #### Classification - Sample Type: drill - Group ID: LS26-002:201.5-202 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 59 g/t silver is weak against the default band \[500, 200, 100, 30\] g/t. Grade×width 29.5 g/t·m is below \(grade alone is weak; the better of the two is used\). - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 59.0 Context: LS26-002 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-003 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-170) Copalquin Target 1 · gold #### Identity - Hole ID: LS26-003 - Project: Copalquin Target 1 - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 2.02 - Grade Unit: g/t - Intercept: 0.5 m - From: 147.25 m - To: 147.75 m - Intercept Depth: 147.25 m #### Classification - Sample Type: drill - Group ID: LS26-003:147.25-147.75 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 2.02 g/t gold is below against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 1.0 g/t·m is below. - Negative factor: 2.02 g/t gold is below the weak threshold \(2.5 g/t\) on the underground mining band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 2.02 Context: LS26-003 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-003 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-171) Copalquin Target 1 · silver #### Identity - Hole ID: LS26-003 - Project: Copalquin Target 1 - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 20.7 - Grade Unit: g/t - Intercept: 0.5 m - From: 147.25 m - To: 147.75 m - Intercept Depth: 147.25 m #### Classification - Sample Type: drill - Group ID: LS26-003:147.25-147.75 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 20.7 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 10.3 g/t·m is below. - Negative factor: 20.7 g/t silver is below the weak threshold \(30 g/t\) on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 20.7 Context: LS26-003 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-005\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-172) Copalquin Target 1 · gold #### Identity - Hole ID: LS26-005\* - Project: Copalquin Target 1 - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 2.18 - Grade Unit: g/t - Intercept: 3.6 m - From: 58.8 m - To: 62.4 m - Intercept Depth: 58.8 m #### Classification - Sample Type: drill - Group ID: LS26-005\*:58.8-62.4 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 2.18 g/t gold is below against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 7.8 g/t·m is below. - Negative factor: 2.18 g/t gold is below the weak threshold \(2.5 g/t\) on the underground mining band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 2.18 Context: LS26-005\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-005\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-173) Copalquin Target 1 · silver #### Identity - Hole ID: LS26-005\* - Project: Copalquin Target 1 - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 24.9 - Grade Unit: g/t - Intercept: 3.6 m - From: 58.8 m - To: 62.4 m - Intercept Depth: 58.8 m #### Classification - Sample Type: drill - Group ID: LS26-005\*:58.8-62.4 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 24.9 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 89.6 g/t·m is below. - Negative factor: 24.9 g/t silver is below the weak threshold \(30 g/t\) on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 24.9 Context: LS26-005\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-005\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-174) Copalquin Target 1 · gold #### Identity - Hole ID: LS26-005\* - Project: Copalquin Target 1 - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 9.6 - Grade Unit: g/t - Intercept: 0.75 m - From: 61.65 m - To: 62.4 m - Intercept Depth: 61.65 m #### Classification - Sample Type: drill - Group ID: LS26-005\*:61.65-62.4 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 9.6 g/t gold is strong against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 7.2 g/t·m is below \(grade alone is strong; the better of the two is used\). - Positive factor: 9.6 g/t gold is strong on the underground mining band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 9.60 Context: including #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-005\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-175) Copalquin Target 1 · silver #### Identity - Hole ID: LS26-005\* - Project: Copalquin Target 1 - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 111 - Grade Unit: g/t - Intercept: 0.75 m - From: 61.65 m - To: 62.4 m - Intercept Depth: 61.65 m #### Classification - Sample Type: drill - Group ID: LS26-005\*:61.65-62.4 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 111 g/t silver is moderate against the default band \[500, 200, 100, 30\] g/t. Grade×width 83.3 g/t·m is below \(grade alone is moderate; the better of the two is used\). - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 111.0 Context: including #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-005 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-176) Copalquin Target 1 · gold #### Identity - Hole ID: LS26-005 - Project: Copalquin Target 1 - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 10.3 - Grade Unit: g/t - Intercept: 0.5 m - From: 171 m - To: 171.5 m - Intercept Depth: 171 m #### Classification - Sample Type: drill - Group ID: LS26-005:171-171.5 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 10.3 g/t gold is strong against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 5.2 g/t·m is below \(grade alone is strong; the better of the two is used\). - Positive factor: 10.3 g/t gold is strong on the underground mining band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 10.30 Context: LS26-005 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-005 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-177) Copalquin Target 1 · silver #### Identity - Hole ID: LS26-005 - Project: Copalquin Target 1 - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 14.4 - Grade Unit: g/t - Intercept: 0.5 m - From: 171 m - To: 171.5 m - Intercept Depth: 171 m #### Classification - Sample Type: drill - Group ID: LS26-005:171-171.5 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 14.4 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 7.2 g/t·m is below. - Negative factor: 14.4 g/t silver is below the weak threshold \(30 g/t\) on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 14.4 Context: LS26-005 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-005 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-178) Copalquin Target 1 · gold #### Identity - Hole ID: LS26-005 - Project: Copalquin Target 1 - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.95 - Grade Unit: g/t - Intercept: 2 m - From: 194 m - To: 196 m - Intercept Depth: 194 m #### Classification - Sample Type: drill - Group ID: LS26-005:194-196 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 0.95 g/t gold is below against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 1.9 g/t·m is below. - Negative factor: 0.95 g/t gold is below the weak threshold \(2.5 g/t\) on the underground mining band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 0.95 Context: LS26-005 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-005 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-179) Copalquin Target 1 · silver #### Identity - Hole ID: LS26-005 - Project: Copalquin Target 1 - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 32 - Grade Unit: g/t - Intercept: 2 m - From: 194 m - To: 196 m - Intercept Depth: 194 m #### Classification - Sample Type: drill - Group ID: LS26-005:194-196 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 32 g/t silver is weak against the default band \[500, 200, 100, 30\] g/t. Grade×width 64.0 g/t·m is below \(grade alone is weak; the better of the two is used\). - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 32.0 Context: LS26-005 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-005 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-180) Copalquin Target 1 · gold #### Identity - Hole ID: LS26-005 - Project: Copalquin Target 1 - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 1.03 - Grade Unit: g/t - Intercept: 1 m - From: 207 m - To: 208 m - Intercept Depth: 207 m #### Classification - Sample Type: drill - Group ID: LS26-005:207-208 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 1.03 g/t gold is below against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 1.0 g/t·m is below. - Negative factor: 1.03 g/t gold is below the weak threshold \(2.5 g/t\) on the underground mining band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 1.03 Context: LS26-005 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-005 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-181) Copalquin Target 1 · silver #### Identity - Hole ID: LS26-005 - Project: Copalquin Target 1 - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 60.5 - Grade Unit: g/t - Intercept: 1 m - From: 207 m - To: 208 m - Intercept Depth: 207 m #### Classification - Sample Type: drill - Group ID: LS26-005:207-208 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 60.5 g/t silver is weak against the default band \[500, 200, 100, 30\] g/t. Grade×width 60.5 g/t·m is below \(grade alone is weak; the better of the two is used\). - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 60.5 Context: LS26-005 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-005\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-182) Copalquin Target 1 · gold #### Identity - Hole ID: LS26-005\* - Project: Copalquin Target 1 - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 10.55 - Grade Unit: g/t - Intercept: 1.2 m - From: 239.2 m - To: 240.4 m - Intercept Depth: 239.2 m #### Classification - Sample Type: drill - Group ID: LS26-005\*:239.2-240.4 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 10.55 g/t gold is strong against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 12.7 g/t·m is weak \(grade alone is strong; the better of the two is used\). - Positive factor: 10.55 g/t gold is strong on the underground mining band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 10.55 Context: LS26-005\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-005\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-183) Copalquin Target 1 · silver #### Identity - Hole ID: LS26-005\* - Project: Copalquin Target 1 - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 8 - Grade Unit: g/t - Intercept: 1.2 m - From: 239.2 m - To: 240.4 m - Intercept Depth: 239.2 m #### Classification - Sample Type: drill - Group ID: LS26-005\*:239.2-240.4 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 8 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 9.6 g/t·m is below. - Negative factor: 8 g/t silver is below the weak threshold \(30 g/t\) on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 8.0 Context: LS26-005\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-006\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-184) Copalquin Target 1 · gold #### Identity - Hole ID: LS26-006\* - Project: Copalquin Target 1 - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 1.22 - Grade Unit: g/t - Intercept: 1 m - From: 66 m - To: 67 m - Intercept Depth: 66 m #### Classification - Sample Type: drill - Group ID: LS26-006\*:66-67 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 1.22 g/t gold is below against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 1.2 g/t·m is below. - Negative factor: 1.22 g/t gold is below the weak threshold \(2.5 g/t\) on the underground mining band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 1.22 Context: LS26-006\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-006\* [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-185) Copalquin Target 1 · silver #### Identity - Hole ID: LS26-006\* - Project: Copalquin Target 1 - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 149.1 - Grade Unit: g/t - Intercept: 1 m - From: 66 m - To: 67 m - Intercept Depth: 66 m #### Classification - Sample Type: drill - Group ID: LS26-006\*:66-67 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 149.1 g/t silver is moderate against the default band \[500, 200, 100, 30\] g/t. Grade×width 149.1 g/t·m is below \(grade alone is moderate; the better of the two is used\). - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 149.1 Context: LS26-006\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-006 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-186) Copalquin Target 1 · gold #### Identity - Hole ID: LS26-006 - Project: Copalquin Target 1 - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 1.49 - Grade Unit: g/t - Intercept: 0.75 m - From: 117.55 m - To: 118.3 m - Intercept Depth: 117.55 m #### Classification - Sample Type: drill - Group ID: LS26-006:117.55-118.3 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 1.49 g/t gold is below against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 1.1 g/t·m is below. - Negative factor: 1.49 g/t gold is below the weak threshold \(2.5 g/t\) on the underground mining band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 1.49 Context: LS26-006 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-006 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-187) Copalquin Target 1 · silver #### Identity - Hole ID: LS26-006 - Project: Copalquin Target 1 - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 50.7 - Grade Unit: g/t - Intercept: 0.75 m - From: 117.55 m - To: 118.3 m - Intercept Depth: 117.55 m #### Classification - Sample Type: drill - Group ID: LS26-006:117.55-118.3 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 50.7 g/t silver is weak against the default band \[500, 200, 100, 30\] g/t. Grade×width 38.0 g/t·m is below \(grade alone is weak; the better of the two is used\). - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 50.7 Context: LS26-006 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-007 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-188) Copalquin Target 1 · gold #### Identity - Hole ID: LS26-007 - Project: Copalquin Target 1 - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.95 - Grade Unit: g/t - Intercept: 0.55 m - From: 58.2 m - To: 58.75 m - Intercept Depth: 58.2 m #### Classification - Sample Type: drill - Group ID: LS26-007:58.2-58.75 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 0.95 g/t gold is below against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 0.5 g/t·m is below. - Negative factor: 0.95 g/t gold is below the weak threshold \(2.5 g/t\) on the underground mining band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 0.95 Context: LS26-007 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-007 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-189) Copalquin Target 1 · silver #### Identity - Hole ID: LS26-007 - Project: Copalquin Target 1 - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 53.7 - Grade Unit: g/t - Intercept: 0.55 m - From: 58.2 m - To: 58.75 m - Intercept Depth: 58.2 m #### Classification - Sample Type: drill - Group ID: LS26-007:58.2-58.75 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 53.7 g/t silver is weak against the default band \[500, 200, 100, 30\] g/t. Grade×width 29.5 g/t·m is below \(grade alone is weak; the better of the two is used\). - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 53.7 Context: LS26-007 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-007 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-190) Copalquin Target 1 · gold #### Identity - Hole ID: LS26-007 - Project: Copalquin Target 1 - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 0.65 - Grade Unit: g/t - Intercept: 6.75 m - From: 81.9 m - To: 88.65 m - Intercept Depth: 81.9 m #### Classification - Sample Type: drill - Group ID: LS26-007:81.9-88.65 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 0.65 g/t gold is below against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 4.4 g/t·m is below. - Negative factor: 0.65 g/t gold is below the weak threshold \(2.5 g/t\) on the underground mining band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 0.65 Context: LS26-007 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-007 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-191) Copalquin Target 1 · silver #### Identity - Hole ID: LS26-007 - Project: Copalquin Target 1 - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 23.4 - Grade Unit: g/t - Intercept: 6.75 m - From: 81.9 m - To: 88.65 m - Intercept Depth: 81.9 m #### Classification - Sample Type: drill - Group ID: LS26-007:81.9-88.65 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 23.4 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 157.9 g/t·m is below. - Negative factor: 23.4 g/t silver is below the weak threshold \(30 g/t\) on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 23.4 Context: LS26-007 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-007 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-192) Copalquin Target 1 · gold #### Identity - Hole ID: LS26-007 - Project: Copalquin Target 1 - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 5.23 - Grade Unit: g/t - Intercept: 3.25 m - From: 92 m - To: 95.25 m - Intercept Depth: 92 m #### Classification - Sample Type: drill - Group ID: LS26-007:92-95.25 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 5.23 g/t gold is moderate against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 17.0 g/t·m is weak \(grade alone is moderate; the better of the two is used\). - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 5.23 Context: LS26-007 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-007 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-193) Copalquin Target 1 · silver #### Identity - Hole ID: LS26-007 - Project: Copalquin Target 1 - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 30.5 - Grade Unit: g/t - Intercept: 3.25 m - From: 92 m - To: 95.25 m - Intercept Depth: 92 m #### Classification - Sample Type: drill - Group ID: LS26-007:92-95.25 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 30.5 g/t silver is weak against the default band \[500, 200, 100, 30\] g/t. Grade×width 99.1 g/t·m is below \(grade alone is weak; the better of the two is used\). - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 30.5 Context: LS26-007 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-007 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-194) Copalquin Target 1 · gold #### Identity - Hole ID: LS26-007 - Project: Copalquin Target 1 - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 19.45 - Grade Unit: g/t - Intercept: 0.85 m - From: 94.4 m - To: 95.25 m - Intercept Depth: 94.4 m #### Classification - Sample Type: drill - Group ID: LS26-007:94.4-95.25 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 19.45 g/t gold is exceptional against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 16.5 g/t·m is weak \(grade alone is exceptional; the better of the two is used\). - Positive factor: 19.45 g/t gold is exceptional on the underground mining band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 19.45 Context: Including\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-007 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-195) Copalquin Target 1 · silver #### Identity - Hole ID: LS26-007 - Project: Copalquin Target 1 - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 96.8 - Grade Unit: g/t - Intercept: 0.85 m - From: 94.4 m - To: 95.25 m - Intercept Depth: 94.4 m #### Classification - Sample Type: drill - Group ID: LS26-007:94.4-95.25 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 96.8 g/t silver is weak against the default band \[500, 200, 100, 30\] g/t. Grade×width 82.3 g/t·m is below \(grade alone is weak; the better of the two is used\). - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 96.8 Context: Including\* #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-007 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-196) Copalquin Target 1 · gold #### Identity - Hole ID: LS26-007 - Project: Copalquin Target 1 - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 1.7 - Grade Unit: g/t - Intercept: 0.5 m - From: 99.75 m - To: 100.25 m - Intercept Depth: 99.75 m #### Classification - Sample Type: drill - Group ID: LS26-007:99.75-100.25 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 1.7 g/t gold is below against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 0.8 g/t·m is below. - Negative factor: 1.7 g/t gold is below the weak threshold \(2.5 g/t\) on the underground mining band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 1.70 Context: LS26-007 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-007 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-197) Copalquin Target 1 · silver #### Identity - Hole ID: LS26-007 - Project: Copalquin Target 1 - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 10.8 - Grade Unit: g/t - Intercept: 0.5 m - From: 99.75 m - To: 100.25 m - Intercept Depth: 99.75 m #### Classification - Sample Type: drill - Group ID: LS26-007:99.75-100.25 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 10.8 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 5.4 g/t·m is below. - Negative factor: 10.8 g/t silver is below the weak threshold \(30 g/t\) on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 10.8 Context: LS26-007 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-007 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-198) Copalquin Target 1 · gold #### Identity - Hole ID: LS26-007 - Project: Copalquin Target 1 - Commodity: gold - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 2.04 - Grade Unit: g/t - Intercept: 0.85 m - From: 293.15 m - To: 294 m - Intercept Depth: 293.15 m #### Classification - Sample Type: drill - Group ID: LS26-007:293.15-294 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 2.04 g/t gold is below against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 1.7 g/t·m is below. - Negative factor: 2.04 g/t gold is below the weak threshold \(2.5 g/t\) on the underground mining band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 2.04 Context: LS26-007 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LS26-007 [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-drill-facts-199) Copalquin Target 1 · silver #### Identity - Hole ID: LS26-007 - Project: Copalquin Target 1 - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MSG #### Geometry - Grade: 5.8 - Grade Unit: g/t - Intercept: 0.85 m - From: 293.15 m - To: 294 m - Intercept Depth: 293.15 m #### Classification - Sample Type: drill - Group ID: LS26-007:293.15-294 - Mining Method: underground #### QA/QC - Laboratory: ALS Global - QP Signed: Yes #### Metal Equivalent - Assumptions Disclosed: Yes #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Expanded from assay table. 5.8 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 4.9 g/t·m is below. - Negative factor: 5.8 g/t silver is below the weak threshold \(30 g/t\) on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 5.8 Context: LS26-007 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## Metallurgical Results (2) ### metallurgical test work on composite samples [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-metallurgical-facts-0) Copalquin Target 1 · gold Historical result Needs review: historical\_restatement #### Identity - Project: Copalquin Target 1 - Commodity: gold - Region: mexico - Reported Region: Durango State, Mexico - Ticker: MSG #### Test Work - Program Status: detailed - Test Type: metallurgical test work on composite samples - Processing Route: crushing and grinding followed by flotation, intensive cyanide leaching of flotation concentrate and conventional cyanide leaching of the flotation tail. Merrill-Crowe zinc precipitation assumed to recover gold and silver from solutions prior to smelting of the precipitate to produce gold-silver doré bars for sale. #### Recovery - Recovery: 96 % - Recovery Basis: actual\_test #### Lab - Laboratory: ALS Global - Consultant: John Skeet #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-02-25T00:00:00.000Z #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: The reported gold recovery is excellent for the described processing route, indicating good metallurgical characteristics. However, the test work was bench-scale and is historical, so further, more advanced test work would be beneficial. - Positive factor: High gold recovery \(96%\) for the stated processing route - Positive factor: QP/CP signed off on the metallurgical results - Negative factor: Test work was on composite samples, indicating bench scale rather than pilot plant - Negative factor: Results are historical, from 2022 Evidence · text > metallurgical recoveries of 96% Au and 91% Ag from metallurgical test work on Target 1 composite samples #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: 96% is at or above the exceptional band \(95%\) ### metallurgical test work on composite samples [Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-june-2026-quarterly-report-upgraded-t1-mre-and-district--1ef91e4c-e0c1-40a5-b4a2-86de1501de44#fact-metallurgical-facts-1) Copalquin Target 1 · silver Historical result Needs review: historical\_restatement #### Identity - Project: Copalquin Target 1 - Commodity: silver - Region: mexico - Reported Region: Durango State, Mexico - Ticker: MSG #### Test Work - Program Status: detailed - Test Type: metallurgical test work on composite samples - Processing Route: crushing and grinding followed by flotation, intensive cyanide leaching of flotation concentrate and conventional cyanide leaching of the flotation tail. Merrill-Crowe zinc precipitation assumed to recover gold and silver from solutions prior to smelting of the precipitate to produce gold-silver doré bars for sale. #### Recovery - Recovery: 91 % - Recovery Basis: actual\_test #### Lab - Laboratory: ALS Global - Consultant: John Skeet #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-02-25T00:00:00.000Z #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: The reported silver recovery is very good for the described processing route, indicating favorable metallurgical characteristics. However, the test work was bench-scale and is historical, suggesting a need for updated and more advanced studies. - Positive factor: High silver recovery \(91%\) for the stated processing route - Positive factor: QP/CP signed off on the metallurgical results - Negative factor: Test work was on composite samples, indicating bench scale rather than pilot plant - Negative factor: Results are historical, from 2022 Evidence · text > metallurgical recoveries of 96% Au and 91% Ag from metallurgical test work on Target 1 composite samples #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: 91% is at or above the exceptional band \(90%\) ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.