# Mithril Silver and Gold March 2026 Quarterly Report

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d

Original source: https://money.tmx.com/en/quote/MSG/news/8507023590303674/mithril-silver-and-gold-march-2026-quarterly-report

Publisher: tmx

Original announcement: 2026-04-29T01:25:00.000Z

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, Lead, Zinc

- Document categories: Drill results, Resource update, Agreement transaction

- Extracted: 2026-09-18 10:54:12 UTC

Narrative sentiment: 0.70 · Bullish

## Minestarters Atlas summary

Mithril Silver and Gold reports strong drill results from its Copalquin project in Durango State, Mexico, with high-grade gold and silver intercepts from Targets 3 and 5, including bonanza grades up to 33.20 g/t gold. The company is advancing its district-scale exploration, extending mineralization at Target 1, and confirming new zones. Additionally, Mithril has an option to acquire 100% of the Copalquin concessions and has acquired the La Dura property, while also presenting a historical JORC/NI 43-101 compliant resource estimate from 2021 for Target 1.

Reasoning: The report highlights strong drill results with high-grade gold and silver intercepts from multiple targets, demonstrating district-scale potential and extending known mineralization. The company is actively advancing its projects through systematic exploration and strategic acquisitions. However, the primary resource estimate presented is historical, and some intercepts are narrow, requiring further context for full economic assessment.

- Positive factor: High-grade gold and silver intercepts, including bonanza grades in GU26-002 and MA26-001.

- Positive factor: Significant contained metal in the historical resource estimate, indicating project scale.

- Positive factor: Extension of mineralization at Target 1 and confirmation of new mineralized zones at Targets 3 and 5.

- Positive factor: Acquisition of La Dura property and option to acquire 100% of Copalquin demonstrate growth strategy.

- Positive factor: Strong geological model development and systematic targeting framework.

- Negative factor: Resource update is historical \(2021\) and does not reflect recent drilling, limiting its current relevance.

- Negative factor: Many drill intercepts are narrow, requiring further drilling to confirm continuity and economic viability.

- Negative factor: Metal equivalent assumptions for the resource update are based on 2021 prices and 93% recovery, which may not reflect current conditions or actual test work.

Facts used in scoring: 182

## Classification and evidence

No classification tags are available.

## Extracted facts

Stored fact records: 182. Some facts used in scoring do not have a stored record.

## Drill Results (182)

### AP25-001

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-0)

Copalquin · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-001
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 1.21
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 32 m
- To: 32.5 m
- Intercept Depth: 32 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-001:32-32.5

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 124
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade gold intercept from a historical drill program, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below strong threshold for epithermal gold.

Evidence · table

> 1.21

Context: 0.5

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-001

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-1)

Copalquin · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-001
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 39.3
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 32 m
- To: 32.5 m
- Intercept Depth: 32 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-001:32-32.5

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 124
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade silver intercept from a historical drill program, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below strong threshold for epithermal silver.

Evidence · table

> 39.3

Context: 0.5

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-001

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-2)

Copalquin · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-001
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 1.285
- Grade Unit: g/t
- Intercept: 0.52 m
- From: 279.83 m
- To: 280.35 m
- Intercept Depth: 279.83 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-001:279.83-280.35

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 257
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade gold intercept from a historical drill program, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below strong threshold for epithermal gold.

Evidence · table

> 1.285

Context: 0.52

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-001

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-3)

Copalquin · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-001
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 167
- Grade Unit: g/t
- Intercept: 0.52 m
- From: 279.83 m
- To: 280.35 m
- Intercept Depth: 279.83 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-001:279.83-280.35

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 257
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow silver intercept with a moderate grade, from a historical drill program.

- Negative factor: Narrow intercept length.

Evidence · table

> 167

Context: 0.52

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-002

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-4)

Copalquin · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-002
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 1.26
- Grade Unit: g/t
- Intercept: 3.85 m
- From: 31.45 m
- To: 35.3 m
- Intercept Depth: 31.45 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-002:31.45-35.3

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 131
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A moderate-width gold intercept with a moderate grade from a historical drill program.

- Negative factor: Grade is below strong threshold for epithermal gold.

Evidence · table

> 1.26

Context: 3.85

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-002

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-5)

Copalquin · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-002
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 42.65
- Grade Unit: g/t
- Intercept: 3.85 m
- From: 31.45 m
- To: 35.3 m
- Intercept Depth: 31.45 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-002:31.45-35.3

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 131
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A moderate-width silver intercept with a moderate grade from a historical drill program.

- Negative factor: Grade is below strong threshold for epithermal silver.

Evidence · table

> 42.65

Context: 3.85

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-002

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-6)

Copalquin · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-002
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 7.74
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 31.45 m
- To: 31.95 m
- Intercept Depth: 31.45 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-002:31.45-31.95

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 729
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, high-grade gold intercept from a historical drill program, included within a broader interval.

- Positive factor: High-grade gold intercept.

- Negative factor: Narrow intercept length.

Evidence · table

> 7.74

Context: 0.5

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-002

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-7)

Copalquin · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-002
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 187
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 31.45 m
- To: 31.95 m
- Intercept Depth: 31.45 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-002:31.45-31.95

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 729
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, high-grade silver equivalent intercept from a historical drill program, included within a broader interval.

- Positive factor: High-grade silver equivalent intercept.

- Negative factor: Narrow intercept length.

Evidence · table

> 187

Context: 0.5

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-003

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-8)

Copalquin · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-003
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.393
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 34.5 m
- To: 35 m
- Intercept Depth: 34.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-003:34.5-35

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 90
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade gold intercept from a historical drill program, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.393

Context: 0.5

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-003

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-9)

Copalquin · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-003
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 62.4
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 34.5 m
- To: 35 m
- Intercept Depth: 34.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-003:34.5-35

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 90
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade silver intercept from a historical drill program, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below strong threshold for epithermal silver.

Evidence · table

> 62.4

Context: 0.5

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-003

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-10)

Copalquin · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-003
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 2.28
- Grade Unit: g/t
- Intercept: 2.75 m
- From: 93.6 m
- To: 96.35 m
- Intercept Depth: 93.6 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-003:93.6-96.35

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 660
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A moderate-grade gold intercept over a narrow width from a historical drill program.

- Positive factor: Moderate-grade gold intercept.

Evidence · table

> 2.28

Context: 2.75

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-003

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-11)

Copalquin · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-003
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 500
- Grade Unit: g/t
- Intercept: 2.75 m
- From: 93.6 m
- To: 96.35 m
- Intercept Depth: 93.6 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-003:93.6-96.35

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 660
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A strong silver intercept with high silver equivalent grade over a narrow width from a historical drill program.

- Positive factor: High-grade silver equivalent intercept.

- Positive factor: Strong silver grade.

Evidence · table

> 500

Context: 2.75

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-003

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-12)

Copalquin · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-003
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 5.8
- Grade Unit: g/t
- Intercept: 1 m
- From: 94.7 m
- To: 95.7 m
- Intercept Depth: 94.7 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-003:94.7-95.7

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 1714
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, high-grade gold intercept from a historical drill program, included within a broader interval.

- Positive factor: High-grade gold intercept.

- Negative factor: Narrow intercept length.

Evidence · table

> 5.8

Context: 1

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-003

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-13)

Copalquin · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-003
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 1308
- Grade Unit: g/t
- Intercept: 1 m
- From: 94.7 m
- To: 95.7 m
- Intercept Depth: 94.7 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-003:94.7-95.7

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 1714
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, bonanza-grade silver equivalent intercept from a historical drill program, included within a broader interval.

- Positive factor: Bonanza silver equivalent intercept.

- Positive factor: Exceptional silver grade.

- Negative factor: Narrow intercept length.

Evidence · table

> 1308

Context: 1

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-003

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-14)

Copalquin · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-003
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 2.89
- Grade Unit: g/t
- Intercept: 1.3 m
- From: 214 m
- To: 215.3 m
- Intercept Depth: 214 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-003:214-215.3

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 203
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, moderate-grade gold intercept from a historical drill program.

- Positive factor: Moderate-grade gold intercept.

- Negative factor: Narrow intercept length.

Evidence · table

> 2.89

Context: 1.3

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-003

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-15)

Copalquin · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-003
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.5
- Grade Unit: g/t
- Intercept: 1.3 m
- From: 214 m
- To: 215.3 m
- Intercept Depth: 214 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-003:214-215.3

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 203
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow silver equivalent intercept with a very low silver grade from a historical drill program.

- Negative factor: Narrow intercept length.

- Negative factor: Very low silver grade.

Evidence · table

> 0.5

Context: 1.3

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-003

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-16)

Copalquin · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-003
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 2.38
- Grade Unit: g/t
- Intercept: 0.7 m
- From: 231.6 m
- To: 232.3 m
- Intercept Depth: 231.6 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-003:231.6-232.3

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 168
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, moderate-grade gold intercept from a historical drill program.

- Positive factor: Moderate-grade gold intercept.

- Negative factor: Narrow intercept length.

Evidence · table

> 2.38

Context: 0.7

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-003

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-17)

Copalquin · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-003
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 1.5
- Grade Unit: g/t
- Intercept: 0.7 m
- From: 231.6 m
- To: 232.3 m
- Intercept Depth: 231.6 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-003:231.6-232.3

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 168
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow silver equivalent intercept with a very low silver grade from a historical drill program.

- Negative factor: Narrow intercept length.

- Negative factor: Very low silver grade.

Evidence · table

> 1.5

Context: 0.7

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-004

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-18)

Copalquin · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-004
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.57
- Grade Unit: g/t
- Intercept: 1.45 m
- From: 89.2 m
- To: 90.65 m
- Intercept Depth: 89.2 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-004:89.2-90.65

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 150
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade gold intercept from a historical drill program, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below strong threshold for epithermal gold.

Evidence · table

> 0.57

Context: 1.45

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-004

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-19)

Copalquin · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-004
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 109.6
- Grade Unit: g/t
- Intercept: 1.45 m
- From: 89.2 m
- To: 90.65 m
- Intercept Depth: 89.2 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-004:89.2-90.65

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 150
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow silver intercept with a moderate grade from a historical drill program.

- Negative factor: Narrow intercept length.

Evidence · table

> 109.6

Context: 1.45

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-005

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-20)

Copalquin · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-005
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.19
- Grade Unit: g/t
- Intercept: 4.05 m
- From: 35.65 m
- To: 39.7 m
- Intercept Depth: 35.65 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-005:35.65-39.7

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 75
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A low-grade gold intercept over a moderate width from a historical drill program, indicating limited materiality.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.19

Context: 4.05

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-005

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-21)

Copalquin · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-005
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 61.5
- Grade Unit: g/t
- Intercept: 4.05 m
- From: 35.65 m
- To: 39.7 m
- Intercept Depth: 35.65 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-005:35.65-39.7

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 75
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A low-grade silver intercept over a moderate width from a historical drill program, indicating limited materiality.

- Negative factor: Grade is below strong threshold for epithermal silver.

Evidence · table

> 61.5

Context: 4.05

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-005

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-22)

Copalquin · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-005
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.41
- Grade Unit: g/t
- Intercept: 1.6 m
- From: 36.75 m
- To: 38.35 m
- Intercept Depth: 36.75 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-005:36.75-38.35

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 159
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade gold intercept from a historical drill program, included within a broader interval.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below strong threshold for epithermal gold.

Evidence · table

> 0.41

Context: 1.6

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-005

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-23)

Copalquin · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-005
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 130
- Grade Unit: g/t
- Intercept: 1.6 m
- From: 36.75 m
- To: 38.35 m
- Intercept Depth: 36.75 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-005:36.75-38.35

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 159
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow silver intercept with a moderate grade from a historical drill program, included within a broader interval.

- Negative factor: Narrow intercept length.

Evidence · table

> 130

Context: 1.6

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-005

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-24)

Copalquin · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-005
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 1.71
- Grade Unit: g/t
- Intercept: 3.35 m
- From: 90.15 m
- To: 93.5 m
- Intercept Depth: 90.15 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-005:90.15-93.5

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 366
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A moderate-grade gold intercept over a narrow width from a historical drill program.

- Negative factor: Grade is below strong threshold for epithermal gold.

Evidence · table

> 1.71

Context: 3.35

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-005

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-25)

Copalquin · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-005
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 246
- Grade Unit: g/t
- Intercept: 3.35 m
- From: 90.15 m
- To: 93.5 m
- Intercept Depth: 90.15 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-005:90.15-93.5

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 366
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A strong silver intercept with high silver equivalent grade over a narrow width from a historical drill program.

- Positive factor: Strong silver grade.

Evidence · table

> 246

Context: 3.35

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-005

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-26)

Copalquin · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-005
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 5.35
- Grade Unit: g/t
- Intercept: 1.05 m
- From: 92.45 m
- To: 93.5 m
- Intercept Depth: 92.45 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-005:92.45-93.5

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, high-grade gold intercept from a historical drill program, included within a broader interval.

- Positive factor: High-grade gold intercept.

- Negative factor: Narrow intercept length.

Evidence · table

> 5.35

Context: 1.05

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-005

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-27)

Copalquin · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-005
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 771
- Grade Unit: g/t
- Intercept: 1.05 m
- From: 92.45 m
- To: 93.5 m
- Intercept Depth: 92.45 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-005:92.45-93.5

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 1146
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, exceptional-grade silver intercept with high silver equivalent grade from a historical drill program, included within a broader interval.

- Positive factor: Exceptional silver grade.

- Positive factor: High-grade silver equivalent intercept.

- Negative factor: Narrow intercept length.

Evidence · table

> 771

Context: 1.05

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-006

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-28)

Copalquin · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-006
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 4.548
- Grade Unit: g/t
- Intercept: 1.25 m
- From: 119.2 m
- To: 120.45 m
- Intercept Depth: 119.2 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-006:119.2-120.45

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 727
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, high-grade gold intercept from a historical drill program.

- Positive factor: High-grade gold intercept.

- Negative factor: Narrow intercept length.

Evidence · table

> 4.548

Context: 1.25

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-006

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-29)

Copalquin · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-006
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 409
- Grade Unit: g/t
- Intercept: 1.25 m
- From: 119.2 m
- To: 120.45 m
- Intercept Depth: 119.2 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-006:119.2-120.45

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 727
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, high-grade silver equivalent intercept with strong silver grade from a historical drill program.

- Positive factor: High-grade silver equivalent intercept.

- Positive factor: Strong silver grade.

- Negative factor: Narrow intercept length.

Evidence · table

> 409

Context: 1.25

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-006

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-30)

Copalquin · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-006
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 2.41
- Grade Unit: g/t
- Intercept: 0.9 m
- From: 138.1 m
- To: 139 m
- Intercept Depth: 138.1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-006:138.1-139

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 616
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, moderate-grade gold intercept from a historical drill program.

- Positive factor: Moderate-grade gold intercept.

- Negative factor: Narrow intercept length.

Evidence · table

> 2.41

Context: 0.9

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-006

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-31)

Copalquin · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-006
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 447
- Grade Unit: g/t
- Intercept: 0.9 m
- From: 138.1 m
- To: 139 m
- Intercept Depth: 138.1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-006:138.1-139

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 616
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, high-grade silver equivalent intercept with strong silver grade from a historical drill program.

- Positive factor: High-grade silver equivalent intercept.

- Positive factor: Strong silver grade.

- Negative factor: Narrow intercept length.

Evidence · table

> 447

Context: 0.9

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-006

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-32)

Copalquin · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-006
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 1.51
- Grade Unit: g/t
- Intercept: 0.8 m
- From: 149.75 m
- To: 150.55 m
- Intercept Depth: 149.75 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-006:149.75-150.55

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 427
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, moderate-grade gold intercept from a historical drill program.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below strong threshold for epithermal gold.

Evidence · table

> 1.51

Context: 0.8

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-006

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-33)

Copalquin · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-006
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 321
- Grade Unit: g/t
- Intercept: 0.8 m
- From: 149.75 m
- To: 150.55 m
- Intercept Depth: 149.75 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-006:149.75-150.55

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 427
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, strong silver intercept with high silver equivalent grade from a historical drill program.

- Positive factor: Strong silver grade.

- Negative factor: Narrow intercept length.

Evidence · table

> 321

Context: 0.8

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-006

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-34)

Copalquin · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-006
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.19
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 301.4 m
- To: 301.9 m
- Intercept Depth: 301.4 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-006:301.4-301.9

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 86
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade gold intercept from a historical drill program, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.19

Context: 0.5

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-006

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-35)

Copalquin · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-006
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 73
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 301.4 m
- To: 301.9 m
- Intercept Depth: 301.4 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-006:301.4-301.9

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 86
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade silver intercept from a historical drill program, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below strong threshold for epithermal silver.

Evidence · table

> 73

Context: 0.5

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-007

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-36)

Copalquin · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-007
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.23
- Grade Unit: g/t
- Intercept: 1.5 m
- From: 51 m
- To: 52.5 m
- Intercept Depth: 51 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-007:51-52.5

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 31
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade gold intercept from a historical drill program, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.23

Context: 1.5

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-007

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-37)

Copalquin · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-007
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 15.2
- Grade Unit: g/t
- Intercept: 1.5 m
- From: 51 m
- To: 52.5 m
- Intercept Depth: 51 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-007:51-52.5

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 31
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade silver intercept from a historical drill program, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal silver.

Evidence · table

> 15.2

Context: 1.5

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-007

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-38)

Copalquin · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-007
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.27
- Grade Unit: g/t
- Intercept: 2.05 m
- From: 62.75 m
- To: 64.8 m
- Intercept Depth: 62.75 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-007:62.75-64.8

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 107
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A low-grade gold intercept over a narrow width from a historical drill program, indicating limited materiality.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.27

Context: 2.05

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-007

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-39)

Copalquin · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-007
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 88.1
- Grade Unit: g/t
- Intercept: 2.05 m
- From: 62.75 m
- To: 64.8 m
- Intercept Depth: 62.75 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-007:62.75-64.8

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 107
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A low-grade silver intercept over a narrow width from a historical drill program, indicating limited materiality.

- Negative factor: Grade is below strong threshold for epithermal silver.

Evidence · table

> 88.1

Context: 2.05

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-007

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-40)

Copalquin · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-007
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.9
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 64.3 m
- To: 64.8 m
- Intercept Depth: 64.3 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-007:64.3-64.8

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 374
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade gold intercept from a historical drill program, included within a broader interval.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below strong threshold for epithermal gold.

Evidence · table

> 0.90

Context: 0.5

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-007

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-41)

Copalquin · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-007
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 311
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 64.3 m
- To: 64.8 m
- Intercept Depth: 64.3 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-007:64.3-64.8

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 374
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, strong silver intercept with high silver equivalent grade from a historical drill program, included within a broader interval.

- Positive factor: Strong silver grade.

- Negative factor: Narrow intercept length.

Evidence · table

> 311

Context: 0.5

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-008

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-42)

Copalquin · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-008
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.34
- Grade Unit: g/t
- Intercept: 0.7 m
- From: 78.2 m
- To: 78.9 m
- Intercept Depth: 78.2 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-008:78.2-78.9

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 36
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade gold intercept from a historical drill program, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.34

Context: 0.7

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-008

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-43)

Copalquin · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AP25-008
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 11.9
- Grade Unit: g/t
- Intercept: 0.7 m
- From: 78.2 m
- To: 78.9 m
- Intercept Depth: 78.2 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-008:78.2-78.9

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 36
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-11-05T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade silver intercept from a historical drill program, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal silver.

Evidence · table

> 11.9

Context: 0.7

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-009

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-44)

Copalquin · gold

#### Identity

- Hole ID: AP25-009
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.09
- Grade Unit: g/t
- Intercept: 0.8 m
- From: 85 m
- To: 85.8 m
- Intercept Depth: 85 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-009:85-85.8

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 30
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade gold intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.09

Context: 0.8

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-009

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-45)

Copalquin · silver

#### Identity

- Hole ID: AP25-009
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 23.6
- Grade Unit: g/t
- Intercept: 0.8 m
- From: 85 m
- To: 85.8 m
- Intercept Depth: 85 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-009:85-85.8

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 30
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade silver intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal silver.

Evidence · table

> 23.6

Context: 0.8

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-009

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-46)

Copalquin · gold

#### Identity

- Hole ID: AP25-009
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.3
- Grade Unit: g/t
- Intercept: 6.1 m
- From: 89.45 m
- To: 95.55 m
- Intercept Depth: 89.45 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-009:89.45-95.55

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 43
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A low-grade gold intercept over a narrow width, indicating limited materiality.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.30

Context: 6.1

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-009

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-47)

Copalquin · silver

#### Identity

- Hole ID: AP25-009
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 21.7
- Grade Unit: g/t
- Intercept: 6.1 m
- From: 89.45 m
- To: 95.55 m
- Intercept Depth: 89.45 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-009:89.45-95.55

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 43
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A low-grade silver intercept over a narrow width, indicating limited materiality.

- Negative factor: Grade is below weak threshold for epithermal silver.

Evidence · table

> 21.7

Context: 6.1

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-009

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-48)

Copalquin · gold

#### Identity

- Hole ID: AP25-009
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.1
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 99.6 m
- To: 100.1 m
- Intercept Depth: 99.6 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-009:99.6-100.1

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 18
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade gold intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.10

Context: 0.5

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-009

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-49)

Copalquin · silver

#### Identity

- Hole ID: AP25-009
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 10.3
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 99.6 m
- To: 100.1 m
- Intercept Depth: 99.6 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-009:99.6-100.1

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 18
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade silver intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal silver.

Evidence · table

> 10.3

Context: 0.5

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-010

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-50)

Copalquin · gold

#### Identity

- Hole ID: AP25-010
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.5
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 96 m
- To: 96.5 m
- Intercept Depth: 96 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-010:96-96.5

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 83
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade gold intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below strong threshold for epithermal gold.

Evidence · table

> 0.50

Context: 0.5

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-010

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-51)

Copalquin · silver

#### Identity

- Hole ID: AP25-010
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 47.4
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 96 m
- To: 96.5 m
- Intercept Depth: 96 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-010:96-96.5

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 83
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade silver intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below strong threshold for epithermal silver.

Evidence · table

> 47.4

Context: 0.5

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-010

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-52)

Copalquin · gold

#### Identity

- Hole ID: AP25-010
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.45
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 241.3 m
- To: 241.8 m
- Intercept Depth: 241.3 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-010:241.3-241.8

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 443
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade gold intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below strong threshold for epithermal gold.

Evidence · table

> 0.45

Context: 0.5

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-010

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-53)

Copalquin · silver

#### Identity

- Hole ID: AP25-010
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 411
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 241.3 m
- To: 241.8 m
- Intercept Depth: 241.3 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-010:241.3-241.8

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 443
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, strong silver intercept with high silver equivalent grade.

- Positive factor: Strong silver grade.

- Negative factor: Narrow intercept length.

Evidence · table

> 411

Context: 0.5

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-010

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-54)

Copalquin · lead

#### Identity

- Hole ID: AP25-010
- Project: Copalquin
- Commodity: lead
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 3.4
- Grade Unit: %
- Intercept: 0.5 m
- From: 241.3 m
- To: 241.8 m
- Intercept Depth: 241.3 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-010:241.3-241.8

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow intercept with a moderate lead grade.

- Positive factor: Moderate lead grade.

- Negative factor: Narrow intercept length.

Evidence · text

> 3.4% lead

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-010

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-55)

Copalquin · zinc

#### Identity

- Hole ID: AP25-010
- Project: Copalquin
- Commodity: zinc
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 1.7
- Grade Unit: %
- Intercept: 0.5 m
- From: 241.3 m
- To: 241.8 m
- Intercept Depth: 241.3 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-010:241.3-241.8

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow intercept with a low zinc grade.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal zinc.

Evidence · text

> 1.70% zinc

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-011

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-56)

Copalquin · gold

#### Identity

- Hole ID: AP25-011
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.06
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 263.15 m
- To: 263.65 m
- Intercept Depth: 263.15 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-011:263.15-263.65

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 29
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade gold intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.06

Context: 0.5

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-011

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-57)

Copalquin · silver

#### Identity

- Hole ID: AP25-011
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 24
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 263.15 m
- To: 263.65 m
- Intercept Depth: 263.15 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-011:263.15-263.65

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 29
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade silver intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal silver.

Evidence · table

> 24

Context: 0.5

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-012

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-58)

Copalquin · gold

#### Identity

- Hole ID: AP25-012
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.22
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 84.45 m
- To: 84.95 m
- Intercept Depth: 84.45 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-012:84.45-84.95

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 121
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade gold intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.22

Context: 0.5

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-012

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-59)

Copalquin · silver

#### Identity

- Hole ID: AP25-012
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 105.3
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 84.45 m
- To: 84.95 m
- Intercept Depth: 84.45 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-012:84.45-84.95

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 121
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow silver intercept with a moderate grade.

- Negative factor: Narrow intercept length.

Evidence · table

> 105.3

Context: 0.5

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-012

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-60)

Copalquin · gold

#### Identity

- Hole ID: AP25-012
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.14
- Grade Unit: g/t
- Intercept: 1 m
- From: 232.95 m
- To: 233.95 m
- Intercept Depth: 232.95 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-012:232.95-233.95

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 115
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade gold intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.14

Context: 1

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-012

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-61)

Copalquin · silver

#### Identity

- Hole ID: AP25-012
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 105
- Grade Unit: g/t
- Intercept: 1 m
- From: 232.95 m
- To: 233.95 m
- Intercept Depth: 232.95 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-012:232.95-233.95

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 115
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow silver intercept with a moderate grade.

- Negative factor: Narrow intercept length.

Evidence · table

> 105

Context: 1

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-012

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-62)

Copalquin · gold

#### Identity

- Hole ID: AP25-012
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.63
- Grade Unit: g/t
- Intercept: 0.6 m
- From: 347.05 m
- To: 347.65 m
- Intercept Depth: 347.05 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-012:347.05-347.65

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 130
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade gold intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below strong threshold for epithermal gold.

Evidence · table

> 0.63

Context: 0.6

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-012

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-63)

Copalquin · silver

#### Identity

- Hole ID: AP25-012
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 86
- Grade Unit: g/t
- Intercept: 0.6 m
- From: 347.05 m
- To: 347.65 m
- Intercept Depth: 347.05 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-012:347.05-347.65

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 130
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade silver intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below strong threshold for epithermal silver.

Evidence · table

> 86

Context: 0.6

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-013

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-64)

Copalquin · gold

#### Identity

- Hole ID: AP25-013
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.05
- Grade Unit: g/t
- Intercept: 0.75 m
- From: 73.65 m
- To: 74.4 m
- Intercept Depth: 73.65 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-013:73.65-74.4

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 19
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade gold intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.05

Context: 0.75

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-013

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-65)

Copalquin · silver

#### Identity

- Hole ID: AP25-013
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 15.6
- Grade Unit: g/t
- Intercept: 0.75 m
- From: 73.65 m
- To: 74.4 m
- Intercept Depth: 73.65 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-013:73.65-74.4

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 19
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade silver intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal silver.

Evidence · table

> 15.6

Context: 0.75

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-013

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-66)

Copalquin · gold

#### Identity

- Hole ID: AP25-013
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.44
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 78.75 m
- To: 79.25 m
- Intercept Depth: 78.75 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-013:78.75-79.25

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 86
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade gold intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below strong threshold for epithermal gold.

Evidence · table

> 0.44

Context: 0.5

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-013

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-67)

Copalquin · silver

#### Identity

- Hole ID: AP25-013
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 55.5
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 78.75 m
- To: 79.25 m
- Intercept Depth: 78.75 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-013:78.75-79.25

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 86
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade silver intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below strong threshold for epithermal silver.

Evidence · table

> 55.5

Context: 0.5

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-013

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-68)

Copalquin · gold

#### Identity

- Hole ID: AP25-013
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.16
- Grade Unit: g/t
- Intercept: 0.7 m
- From: 384.2 m
- To: 384.9 m
- Intercept Depth: 384.2 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-013:384.2-384.9

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 15
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade gold intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.16

Context: 0.7

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-013

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-69)

Copalquin · silver

#### Identity

- Hole ID: AP25-013
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 3.8
- Grade Unit: g/t
- Intercept: 0.7 m
- From: 384.2 m
- To: 384.9 m
- Intercept Depth: 384.2 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-013:384.2-384.9

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 15
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade silver intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal silver.

Evidence · table

> 3.8

Context: 0.7

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-014

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-70)

Copalquin · gold

#### Identity

- Hole ID: AP25-014
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.13
- Grade Unit: g/t
- Intercept: 0.55 m
- From: 78 m
- To: 78.55 m
- Intercept Depth: 78 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-014:78-78.55

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 75
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade gold intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.13

Context: 0.55

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-014

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-71)

Copalquin · silver

#### Identity

- Hole ID: AP25-014
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 65.9
- Grade Unit: g/t
- Intercept: 0.55 m
- From: 78 m
- To: 78.55 m
- Intercept Depth: 78 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-014:78-78.55

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 75
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade silver intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below strong threshold for epithermal silver.

Evidence · table

> 65.9

Context: 0.55

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-014

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-72)

Copalquin · gold

#### Identity

- Hole ID: AP25-014
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 1.14
- Grade Unit: g/t
- Intercept: 2.85 m
- From: 79.6 m
- To: 82.45 m
- Intercept Depth: 79.6 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-014:79.6-82.45

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 145
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A moderate-grade gold intercept over a narrow width.

- Negative factor: Grade is below strong threshold for epithermal gold.

Evidence · table

> 1.14

Context: 2.85

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-014

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-73)

Copalquin · silver

#### Identity

- Hole ID: AP25-014
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 64.7
- Grade Unit: g/t
- Intercept: 2.85 m
- From: 79.6 m
- To: 82.45 m
- Intercept Depth: 79.6 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-014:79.6-82.45

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 145
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A low-grade silver intercept over a narrow width.

- Negative factor: Grade is below strong threshold for epithermal silver.

Evidence · table

> 64.7

Context: 2.85

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-014

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-74)

Copalquin · gold

#### Identity

- Hole ID: AP25-014
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 1.4
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 185.5 m
- To: 186 m
- Intercept Depth: 185.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-014:185.5-186

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 163
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, moderate-grade gold intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below strong threshold for epithermal gold.

Evidence · table

> 1.40

Context: 0.5

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-014

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-75)

Copalquin · silver

#### Identity

- Hole ID: AP25-014
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 64.7
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 185.5 m
- To: 186 m
- Intercept Depth: 185.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-014:185.5-186

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 163
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade silver intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below strong threshold for epithermal silver.

Evidence · table

> 64.7

Context: 0.5

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-014

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-76)

Copalquin · gold

#### Identity

- Hole ID: AP25-014
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.34
- Grade Unit: g/t
- Intercept: 1.2 m
- From: 407.7 m
- To: 408.9 m
- Intercept Depth: 407.7 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-014:407.7-408.9

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 82
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade gold intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.34

Context: 1.2

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-014

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-77)

Copalquin · silver

#### Identity

- Hole ID: AP25-014
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 57.9
- Grade Unit: g/t
- Intercept: 1.2 m
- From: 407.7 m
- To: 408.9 m
- Intercept Depth: 407.7 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-014:407.7-408.9

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 82
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade silver intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below strong threshold for epithermal silver.

Evidence · table

> 57.9

Context: 1.2

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-017

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-78)

Copalquin · gold

#### Identity

- Hole ID: AP25-017
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.26
- Grade Unit: g/t
- Intercept: 1 m
- From: 9 m
- To: 10 m
- Intercept Depth: 9 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-017:9-10

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 47
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade gold intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.26

Context: 1

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-017

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-79)

Copalquin · silver

#### Identity

- Hole ID: AP25-017
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 29.1
- Grade Unit: g/t
- Intercept: 1 m
- From: 9 m
- To: 10 m
- Intercept Depth: 9 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-017:9-10

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 47
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade silver intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal silver.

Evidence · table

> 29.1

Context: 1

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-017

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-80)

Copalquin · gold

#### Identity

- Hole ID: AP25-017
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.09
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 57.6 m
- To: 58.1 m
- Intercept Depth: 57.6 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-017:57.6-58.1

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 24
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade gold intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.09

Context: 0.5

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-017

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-81)

Copalquin · silver

#### Identity

- Hole ID: AP25-017
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 17.1
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 57.6 m
- To: 58.1 m
- Intercept Depth: 57.6 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-017:57.6-58.1

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 24
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade silver intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal silver.

Evidence · table

> 17.1

Context: 0.5

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-017

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-82)

Copalquin · gold

#### Identity

- Hole ID: AP25-017
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.18
- Grade Unit: g/t
- Intercept: 0.75 m
- From: 63 m
- To: 63.75 m
- Intercept Depth: 63 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-017:63-63.75

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 32
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade gold intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.18

Context: 0.75

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-017

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-83)

Copalquin · silver

#### Identity

- Hole ID: AP25-017
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 19.2
- Grade Unit: g/t
- Intercept: 0.75 m
- From: 63 m
- To: 63.75 m
- Intercept Depth: 63 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-017:63-63.75

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 32
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade silver intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal silver.

Evidence · table

> 19.2

Context: 0.75

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-017

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-84)

Copalquin · gold

#### Identity

- Hole ID: AP25-017
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.07
- Grade Unit: g/t
- Intercept: 3.05 m
- From: 193.05 m
- To: 196.1 m
- Intercept Depth: 193.05 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-017:193.05-196.1

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 170
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A low-grade gold intercept over a narrow width, indicating limited materiality.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.07

Context: 3.05

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-017

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-85)

Copalquin · silver

#### Identity

- Hole ID: AP25-017
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 165
- Grade Unit: g/t
- Intercept: 3.05 m
- From: 193.05 m
- To: 196.1 m
- Intercept Depth: 193.05 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-017:193.05-196.1

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 170
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Evidence · table

> 165

Context: 3.05

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-017

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-86)

Copalquin · gold

#### Identity

- Hole ID: AP25-017
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.11
- Grade Unit: g/t
- Intercept: 0.85 m
- From: 193.05 m
- To: 193.9 m
- Intercept Depth: 193.05 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-017:193.05-193.9

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 237
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade gold intercept, included within a broader interval.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.11

Context: 0.85

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-017

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-87)

Copalquin · silver

#### Identity

- Hole ID: AP25-017
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 229
- Grade Unit: g/t
- Intercept: 0.85 m
- From: 193.05 m
- To: 193.9 m
- Intercept Depth: 193.05 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-017:193.05-193.9

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 237
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, strong silver intercept, included within a broader interval.

- Positive factor: Strong silver grade.

- Negative factor: Narrow intercept length.

Evidence · table

> 229

Context: 0.85

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-017

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-88)

Copalquin · gold

#### Identity

- Hole ID: AP25-017
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.09
- Grade Unit: g/t
- Intercept: 0.65 m
- From: 195.45 m
- To: 196.1 m
- Intercept Depth: 195.45 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-017:195.45-196.1

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 271
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade gold intercept, included within a broader interval.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.09

Context: 0.65

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### AP25-017

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-89)

Copalquin · silver

#### Identity

- Hole ID: AP25-017
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 265
- Grade Unit: g/t
- Intercept: 0.65 m
- From: 195.45 m
- To: 196.1 m
- Intercept Depth: 195.45 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AP25-017:195.45-196.1

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 271
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, strong silver intercept, included within a broader interval.

- Positive factor: Strong silver grade.

- Negative factor: Narrow intercept length.

Evidence · table

> 265

Context: 0.65

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### TA25-001

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-90)

Copalquin · gold

#### Identity

- Hole ID: TA25-001
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.1
- Grade Unit: g/t
- Intercept: 1 m
- From: 36.5 m
- To: 37.5 m
- Intercept Depth: 36.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: TA25-001:36.5-37.5

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 29
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade gold intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.10

Context: 1

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### TA25-001

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-91)

Copalquin · silver

#### Identity

- Hole ID: TA25-001
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 21.9
- Grade Unit: g/t
- Intercept: 1 m
- From: 36.5 m
- To: 37.5 m
- Intercept Depth: 36.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: TA25-001:36.5-37.5

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 29
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade silver intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal silver.

Evidence · table

> 21.9

Context: 1

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### TA25-001

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-92)

Copalquin · gold

#### Identity

- Hole ID: TA25-001
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.18
- Grade Unit: g/t
- Intercept: 3.35 m
- From: 57.1 m
- To: 60.45 m
- Intercept Depth: 57.1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: TA25-001:57.1-60.45

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 46
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A low-grade gold intercept over a narrow width, indicating limited materiality.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.18

Context: 3.35

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### TA25-001

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-93)

Copalquin · silver

#### Identity

- Hole ID: TA25-001
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 33.7
- Grade Unit: g/t
- Intercept: 3.35 m
- From: 57.1 m
- To: 60.45 m
- Intercept Depth: 57.1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: TA25-001:57.1-60.45

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 46
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A low-grade silver intercept over a narrow width, indicating limited materiality.

- Negative factor: Grade is below weak threshold for epithermal silver.

Evidence · table

> 33.7

Context: 3.35

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### TA25-002

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-94)

Copalquin · gold

#### Identity

- Hole ID: TA25-002
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.09
- Grade Unit: g/t
- Intercept: 0.7 m
- From: 35.65 m
- To: 36.35 m
- Intercept Depth: 35.65 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: TA25-002:35.65-36.35

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 41
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade gold intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.09

Context: 0.7

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### TA25-002

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-95)

Copalquin · silver

#### Identity

- Hole ID: TA25-002
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 34.8
- Grade Unit: g/t
- Intercept: 0.7 m
- From: 35.65 m
- To: 36.35 m
- Intercept Depth: 35.65 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: TA25-002:35.65-36.35

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 41
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade silver intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal silver.

Evidence · table

> 34.8

Context: 0.7

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### TA25-002

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-96)

Copalquin · gold

#### Identity

- Hole ID: TA25-002
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.19
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 77.35 m
- To: 77.85 m
- Intercept Depth: 77.35 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: TA25-002:77.35-77.85

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 66
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade gold intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.19

Context: 0.5

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### TA25-002

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-97)

Copalquin · silver

#### Identity

- Hole ID: TA25-002
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 52.8
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 77.35 m
- To: 77.85 m
- Intercept Depth: 77.35 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: TA25-002:77.35-77.85

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 66
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade silver intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below strong threshold for epithermal silver.

Evidence · table

> 52.8

Context: 0.5

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### TA25-002

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-98)

Copalquin · gold

#### Identity

- Hole ID: TA25-002
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.39
- Grade Unit: g/t
- Intercept: 1.25 m
- From: 79.85 m
- To: 81.1 m
- Intercept Depth: 79.85 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: TA25-002:79.85-81.1

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 57
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade gold intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.39

Context: 1.25

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### TA25-002

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-99)

Copalquin · silver

#### Identity

- Hole ID: TA25-002
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 29.4
- Grade Unit: g/t
- Intercept: 1.25 m
- From: 79.85 m
- To: 81.1 m
- Intercept Depth: 79.85 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: TA25-002:79.85-81.1

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 57
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade silver intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal silver.

Evidence · table

> 29.4

Context: 1.25

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### TA25-003

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-100)

Copalquin · gold

#### Identity

- Hole ID: TA25-003
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.07
- Grade Unit: g/t
- Intercept: 0.75 m
- From: 33.8 m
- To: 34.55 m
- Intercept Depth: 33.8 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: TA25-003:33.8-34.55

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 26
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade gold intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.07

Context: 0.75

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### TA25-003

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-101)

Copalquin · silver

#### Identity

- Hole ID: TA25-003
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 21.3
- Grade Unit: g/t
- Intercept: 0.75 m
- From: 33.8 m
- To: 34.55 m
- Intercept Depth: 33.8 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: TA25-003:33.8-34.55

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 26
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade silver intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal silver.

Evidence · table

> 21.3

Context: 0.75

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### TA25-003

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-102)

Copalquin · gold

#### Identity

- Hole ID: TA25-003
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.1
- Grade Unit: g/t
- Intercept: 0.85 m
- From: 45.65 m
- To: 46.5 m
- Intercept Depth: 45.65 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: TA25-003:45.65-46.5

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 45
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade gold intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.10

Context: 0.85

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### TA25-003

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-103)

Copalquin · silver

#### Identity

- Hole ID: TA25-003
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 37.4
- Grade Unit: g/t
- Intercept: 0.85 m
- From: 45.65 m
- To: 46.5 m
- Intercept Depth: 45.65 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: TA25-003:45.65-46.5

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 45
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade silver intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal silver.

Evidence · table

> 37.4

Context: 0.85

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### TA25-004

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-104)

Copalquin · gold

#### Identity

- Hole ID: TA25-004
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.53
- Grade Unit: g/t
- Intercept: 1.25 m
- From: 79.5 m
- To: 80.75 m
- Intercept Depth: 79.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: TA25-004:79.5-80.75

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 103
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade gold intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below strong threshold for epithermal gold.

Evidence · table

> 0.53

Context: 1.25

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### TA25-004

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-105)

Copalquin · silver

#### Identity

- Hole ID: TA25-004
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 66.35
- Grade Unit: g/t
- Intercept: 1.25 m
- From: 79.5 m
- To: 80.75 m
- Intercept Depth: 79.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: TA25-004:79.5-80.75

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 103
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow silver intercept with a moderate grade.

- Negative factor: Narrow intercept length.

Evidence · table

> 66.35

Context: 1.25

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### TA25-005

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-106)

Copalquin · gold

#### Identity

- Hole ID: TA25-005
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.13
- Grade Unit: g/t
- Intercept: 2 m
- From: 1 m
- To: 3 m
- Intercept Depth: 1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: TA25-005:1-3

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 28
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A low-grade gold intercept over a narrow width, indicating limited materiality.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.13

Context: 2

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### TA25-005

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-107)

Copalquin · silver

#### Identity

- Hole ID: TA25-005
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 18.55
- Grade Unit: g/t
- Intercept: 2 m
- From: 1 m
- To: 3 m
- Intercept Depth: 1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: TA25-005:1-3

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 28
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A low-grade silver intercept over a narrow width, indicating limited materiality.

- Negative factor: Grade is below weak threshold for epithermal silver.

Evidence · table

> 18.55

Context: 2

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### TA25-005

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-108)

Copalquin · gold

#### Identity

- Hole ID: TA25-005
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 0.1
- Grade Unit: g/t
- Intercept: 0.55 m
- From: 141 m
- To: 141.55 m
- Intercept Depth: 141 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: TA25-005:141-141.55

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 89
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade gold intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.10

Context: 0.55

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### TA25-005

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-109)

Copalquin · silver

#### Identity

- Hole ID: TA25-005
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 82.2
- Grade Unit: g/t
- Intercept: 0.55 m
- From: 141 m
- To: 141.55 m
- Intercept Depth: 141 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: TA25-005:141-141.55

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 89
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade silver intercept, indicating limited materiality.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below strong threshold for epithermal silver.

Evidence · table

> 82.2

Context: 0.55

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### MA26-001\*

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-110)

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: 1198
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, high-grade gold intercept from new drilling at Target 5.

- Positive factor: High-grade gold intercept.

- Negative factor: Narrow intercept length.

Evidence · table

> 6.20

Context: 0.85

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### MA26-001\*

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-111)

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: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, bonanza-grade gold equivalent intercept with exceptional silver grade from new drilling at Target 5.

- Positive factor: Bonanza gold equivalent intercept.

- Positive factor: Exceptional silver grade.

- Negative factor: Narrow intercept length.

Evidence · table

> 764.0

Context: 0.85

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### MA26-001\*

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-112)

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: 99
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, moderate-grade gold intercept from new drilling at Target 5.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below strong threshold for epithermal gold.

Evidence · table

> 1.16

Context: 0.75

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### MA26-001\*

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-113)

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: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade silver intercept from new drilling at Target 5.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal silver.

Evidence · table

> 18.1

Context: 0.75

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### JA26-002

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-114)

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: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade gold intercept from new drilling at Target 3.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.14

Context: 0.60

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### JA26-002

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-115)

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: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade silver intercept from new drilling at Target 3.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal silver.

Evidence · table

> 10.9

Context: 0.60

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### JA26-002

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-116)

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: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade gold intercept from new drilling at Target 3.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.16

Context: 1.00

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### JA26-002

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-117)

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: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade silver intercept from new drilling at Target 3.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal silver.

Evidence · table

> 7.6

Context: 1.00

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### JA26-002

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-118)

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: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade gold intercept from new drilling at Target 3.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below strong threshold for epithermal gold.

Evidence · table

> 0.95

Context: 0.50

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### JA26-002

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-119)

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: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow silver intercept with a moderate grade from new drilling at Target 3.

- Negative factor: Narrow intercept length.

Evidence · table

> 120.0

Context: 0.50

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### JA26-002

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-120)

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: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade gold intercept from new drilling at Target 3.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.33

Context: 1.35

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### JA26-002

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-121)

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: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade silver intercept from new drilling at Target 3.

- Negative factor: Narrow intercept length.

- Negative factor: Very low silver grade.

Evidence · table

> 0.5

Context: 1.35

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### JA26-002\*

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-122)

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: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, moderate-grade gold intercept from new drilling at Target 3.

- Positive factor: Moderate-grade gold intercept.

- Negative factor: Narrow intercept length.

Evidence · table

> 2.79

Context: 0.90

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### JA26-002\*

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-123)

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: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, strong silver intercept from new drilling at Target 3.

- Positive factor: Strong silver grade.

- Negative factor: Narrow intercept length.

Evidence · table

> 151.0

Context: 0.90

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### JA26-003

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-124)

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: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade gold intercept from new drilling at Target 3.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.23

Context: 1.00

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### JA26-003

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-125)

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: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade silver intercept from new drilling at Target 3.

- Negative factor: Narrow intercept length.

- Negative factor: Very low silver grade.

Evidence · table

> 1.2

Context: 1.00

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### JA26-003

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-126)

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: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade gold intercept from new drilling at Target 3.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.26

Context: 0.85

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### JA26-003

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-127)

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: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade silver intercept from new drilling at Target 3.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal silver.

Evidence · table

> 5.2

Context: 0.85

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### JA26-004

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-128)

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: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, low-grade gold intercept from new drilling at Target 3.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.38

Context: 1.50

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### JA26-004

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-129)

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: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade silver intercept from new drilling at Target 3.

- Negative factor: Narrow intercept length.

- Negative factor: Very low silver grade.

Evidence · table

> 3.3

Context: 1.50

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### JA26-004

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-130)

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: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A low-grade gold intercept over a narrow width from new drilling at Target 3.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.12

Context: 2.1

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### JA26-004

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-131)

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: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A low-grade silver intercept over a narrow width from new drilling at Target 3.

- Negative factor: Grade is below weak threshold for epithermal silver.

Evidence · table

> 18.4

Context: 2.1

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### JA26-004\*

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-132)

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: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, high-grade gold intercept from new drilling at Target 3.

- Positive factor: High-grade gold intercept.

- Negative factor: Narrow intercept length.

Evidence · table

> 6.91

Context: 0.50

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### JA26-004\*

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-133)

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: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, high-grade gold equivalent intercept with strong silver grade from new drilling at Target 3.

- Positive factor: High-grade gold equivalent intercept.

- Positive factor: Strong silver grade.

- Negative factor: Narrow intercept length.

Evidence · table

> 475.0

Context: 0.50

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### JA26-006\*

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-134)

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: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, moderate-grade gold intercept from new drilling at Target 3.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below strong threshold for epithermal gold.

Evidence · table

> 1.12

Context: 0.65

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### JA26-006\*

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-135)

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: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade silver intercept from new drilling at Target 3.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal silver.

Evidence · table

> 17.8

Context: 0.65

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-001

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-136)

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: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade gold intercept from new drilling at Target 3.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.27

Context: 1.00

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-001

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-137)

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: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade silver intercept from new drilling at Target 3.

- Negative factor: Narrow intercept length.

- Negative factor: Very low silver grade.

Evidence · table

> 1.2

Context: 1.00

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-001

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-138)

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: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade gold intercept from new drilling at Target 3.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal gold.

Evidence · table

> 0.16

Context: 1.00

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-001

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-139)

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: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, very low-grade silver intercept from new drilling at Target 3.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below weak threshold for epithermal silver.

Evidence · table

> 17.0

Context: 1.00

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-001

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-140)

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: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: A narrow, moderate-grade gold intercept from new drilling at Target 3.

- Negative factor: Narrow intercept length.

- Negative factor: Grade is below strong threshold for epithermal gold.

Evidence · table

> 1.02

Context: 0.70

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-001

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-141)

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: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

- Negative factor: Narrow intercept length.

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### \(Including

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-142)

Copalquin · gold

#### Identity

- Hole ID: \(Including
- Project: Copalquin
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 5.35
- Grade Unit: g/t
- Intercept: 1.05 m
- From: 92.45 m
- To: 93.5 m
- Intercept Depth: 92.45 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: \(Including:92.45-93.5

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 1146
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 5.35 g/t gold is exceptional against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 5.6 g/t·m is below \(grade alone is exceptional; the better of the two is used\).

- Positive factor: 5.35 g/t gold is exceptional on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 5.35

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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### \(Including

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-143)

Copalquin · silver

#### Identity

- Hole ID: \(Including
- Project: Copalquin
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: MSG

#### Geometry

- Grade: 771
- Grade Unit: g/t
- Intercept: 1.05 m
- From: 92.45 m
- To: 93.5 m
- Intercept Depth: 92.45 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: \(Including:92.45-93.5

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 1146
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 771 g/t silver is exceptional against the default band \[500, 200, 100, 30\] g/t. Grade×width 809.6 g/t·m is weak \(grade alone is exceptional; the better of the two is used\).

- Positive factor: 771 g/t silver is exceptional on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 771

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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-001

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-144)

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
- Sample Type: drill
- Group ID: GU26-001:79.5-80

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 0.52
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 0.5 g/t gold is weak against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 0.3 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

> 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-001

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-145)

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
- Sample Type: drill
- Group ID: GU26-001:79.5-80

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 0.52
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 1.5 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 0.8 g/t·m is below.

- Negative factor: 1.5 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

> 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-002\*

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-146)

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
- Sample Type: drill
- Group ID: GU26-002\*:134.95-135.45

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 33.28
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 33.2 g/t gold is exceptional against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 16.6 g/t·m is weak \(grade alone is exceptional; the better of the two is used\).

- Positive factor: 33.2 g/t gold is exceptional on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-002\*

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-147)

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
- Sample Type: drill
- Group ID: GU26-002\*:134.95-135.45

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 33.28
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 5.9 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 3.0 g/t·m is below.

- Negative factor: 5.9 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

> 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-003

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-148)

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
- Sample Type: drill
- Group ID: GU26-003:19.2-20.2

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 0.7
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 0.69 g/t gold is weak against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 0.7 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

> 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-003

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-149)

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
- Sample Type: drill
- Group ID: GU26-003:19.2-20.2

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 0.7
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 0.9 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 0.9 g/t·m is below.

- Negative factor: 0.9 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

> 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-003

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-150)

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
- Sample Type: drill
- Group ID: GU26-003:20.2-21.2

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 0.32
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 0.29 g/t gold is below against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 0.3 g/t·m is below.

- Negative factor: 0.29 g/t gold is below the weak threshold \(0.3 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-003

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-151)

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
- Sample Type: drill
- Group ID: GU26-003:20.2-21.2

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 0.32
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 2.1 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 2.1 g/t·m is below.

- Negative factor: 2.1 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

> 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-003

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-152)

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
- Sample Type: drill
- Group ID: GU26-003:19.2-21.2

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 0.51
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 0.49 g/t gold is weak against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 1.0 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

> 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-003

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-153)

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
- Sample Type: drill
- Group ID: GU26-003:19.2-21.2

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 0.51
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 1.5 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 3.0 g/t·m is below.

- Negative factor: 1.5 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

> 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-003\*

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-154)

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
- Sample Type: drill
- Group ID: GU26-003\*:68.65-69.15

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 1.16
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 0.76 g/t gold is weak against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 0.4 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

> 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-003\*

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-155)

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
- Sample Type: drill
- Group ID: GU26-003\*:68.65-69.15

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 1.16
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 27.7 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 13.8 g/t·m is below.

- Negative factor: 27.7 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

> 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-004

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-156)

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
- Sample Type: drill
- Group ID: GU26-004:11.1-11.6

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 0.3
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 0.28 g/t gold is below against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 0.1 g/t·m is below.

- Negative factor: 0.28 g/t gold is below the weak threshold \(0.3 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-004

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-157)

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
- Sample Type: drill
- Group ID: GU26-004:11.1-11.6

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 0.3
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 1.2 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 0.6 g/t·m is below.

- Negative factor: 1.2 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

> 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-004

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-158)

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
- Sample Type: drill
- Group ID: GU26-004:31.75-33.5

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 0.41
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 0.41 g/t gold is weak against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 0.7 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

> 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-004

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-159)

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
- Sample Type: drill
- Group ID: GU26-004:31.75-33.5

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 0.41
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 0.3 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 0.5 g/t·m is below.

- Negative factor: 0.3 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

> 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-004

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-160)

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
- Sample Type: drill
- Group ID: GU26-004:33.5-34

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 0.38
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 0.37 g/t gold is weak against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 0.2 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

> 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-004

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-161)

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
- Sample Type: drill
- Group ID: GU26-004:33.5-34

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 0.38
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 0.9 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 0.5 g/t·m is below.

- Negative factor: 0.9 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

> 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-004

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-162)

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
- Sample Type: drill
- Group ID: GU26-004:62.3-62.8

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 0.81
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 0.8 g/t gold is weak against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 0.4 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

> 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-004

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-163)

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
- Sample Type: drill
- Group ID: GU26-004:62.3-62.8

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 0.81
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 0.7 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 0.3 g/t·m is below.

- Negative factor: 0.7 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

> 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-004

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-164)

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
- Sample Type: drill
- Group ID: GU26-004:67.35-68

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 0.3
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 0.2 g/t gold is below against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 0.1 g/t·m is below.

- Negative factor: 0.2 g/t gold is below the weak threshold \(0.3 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-004

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-165)

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
- Sample Type: drill
- Group ID: GU26-004:67.35-68

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 0.3
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 6.7 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 4.4 g/t·m is below.

- Negative factor: 6.7 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

> 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-004

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-166)

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
- Sample Type: drill
- Group ID: GU26-004:68-69.2

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 0.84
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 0.54 g/t gold is weak against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 0.6 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

> 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-004

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-167)

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
- Sample Type: drill
- Group ID: GU26-004:68-69.2

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 0.84
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 21.2 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 25.4 g/t·m is below.

- Negative factor: 21.2 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

> 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-004\*

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-168)

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
- Sample Type: drill
- Group ID: GU26-004\*:75.85-76.4

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 1.33
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 1.24 g/t gold is moderate against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 0.7 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

> 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-004\*

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-169)

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
- Sample Type: drill
- Group ID: GU26-004\*:75.85-76.4

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 1.33
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 6.1 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 3.4 g/t·m is below.

- Negative factor: 6.1 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

> 6.1

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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-004

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-170)

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
- Sample Type: drill
- Group ID: GU26-004:80.5-81.05

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 0.26
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 0.26 g/t gold is below against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 0.1 g/t·m is below.

- Negative factor: 0.26 g/t gold is below the weak threshold \(0.3 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-004

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-171)

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
- Sample Type: drill
- Group ID: GU26-004:80.5-81.05

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 0.26
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 0.3 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 0.2 g/t·m is below.

- Negative factor: 0.3 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

> 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-005

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-172)

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
- Sample Type: drill
- Group ID: GU26-005:32.2-33

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 0.31
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 0.19 g/t gold is below against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 0.2 g/t·m is below.

- Negative factor: 0.19 g/t gold is below the weak threshold \(0.3 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-005

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-173)

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
- Sample Type: drill
- Group ID: GU26-005:32.2-33

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 0.31
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 8.4 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 6.7 g/t·m is below.

- Negative factor: 8.4 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

> 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-005

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-174)

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
- Sample Type: drill
- Group ID: GU26-005:48.65-50.15

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 0.42
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 0.39 g/t gold is weak against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 0.6 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

> 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-005

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-175)

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
- Sample Type: drill
- Group ID: GU26-005:48.65-50.15

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 0.42
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 2.4 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 3.6 g/t·m is below.

- Negative factor: 2.4 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

> 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-005

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-176)

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
- Sample Type: drill
- Group ID: GU26-005:68.3-68.9

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 0.3
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 0.18 g/t gold is below against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 0.1 g/t·m is below.

- Negative factor: 0.18 g/t gold is below the weak threshold \(0.3 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### GU26-005

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-177)

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
- Sample Type: drill
- Group ID: GU26-005:68.3-68.9

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 0.3
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 8.3 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 5.0 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: 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### CS26-002

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-178)

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
- Sample Type: drill
- Group ID: CS26-002:48.65-49.15

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 0.35
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 0.13 g/t gold is below against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 0.1 g/t·m is below.

- Negative factor: 0.13 g/t gold is below the weak threshold \(0.3 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### CS26-002

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-179)

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
- Sample Type: drill
- Group ID: CS26-002:48.65-49.15

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 0.35
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 15.6 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 7.8 g/t·m is below.

- Negative factor: 15.6 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

> 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### CS26-002

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-180)

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
- Sample Type: drill
- Group ID: CS26-002:54.5-56

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 0.29
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 0.26 g/t gold is below against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 0.4 g/t·m is below.

- Negative factor: 0.26 g/t gold is below the weak threshold \(0.3 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

### CS26-002

[Link to this fact](https://atlas-extractions.minestarters.com/news/mithril-silver-and-gold-march-2026-quarterly-report--fb0add77-71b6-459e-8320-82fe9998c31d#fact-drill-facts-181)

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
- Sample Type: drill
- Group ID: CS26-002:54.5-56

#### QA/QC

- Laboratory: ALS Global
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 0.29
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Expanded from assay table. 1.9 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 2.8 g/t·m is below.

- Negative factor: 1.9 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

> 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "We see 2026 as a defining year as we continue to convert this district into a significant silver-gold discovery.” Copalq"

## 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.