Mithril Silver and Gold Limited has reported encouraging exploration results from its Copalquin property in Durango State, Mexico. The company’s latest findings include high-grade channel sampling from both underground and surface work that underscore the potential of a district covering 70 km² in the prolific Sierra Madre region. Notable highlights include a 0.70‑meter interval recording 57.8 grams per tonne of gold and 2,120 grams per tonne of silver from Target 6 near the historic Santa Cruz mine. Additional channel sampling at various levels has produced impressive grades, reinforcing the view that the property hosts several mineralized corridors stretching over 2 km by 8 km and across an elevation profile of 1,200 meters. Exploration work has spanned multiple targets, with Target 5 also showing promising surface channel results ahead of an upcoming drilling program scheduled for mid‑August 2025. The company’s ongoing mapping and sampling at Targets 3, 5, and 6 have delineated broad and continuous vein systems that could significantly widen the resource base. These efforts build upon the district’s existing maiden JORC resource estimate and historical mining legacy, which includes more than 100 historic underground mines and 198 surface workings. Backed by a recent capital raise, Mithril is now funded to complete up to 45,000 metres of drilling over the next 12 months, with plans to add a third drill rig in early 2026. The technical data provided shows consistent high‐grade results from both underground and surface channel samples using industry‑standard techniques. With surface channel intervals recording highlights such as 0.30 m at 9.60 g/t gold and 608 g/t silver at La Cucaracha and other intervals across the property, the exploration work confirms a strong geologic potential. Methodical sampling, logging and assay procedures help ensure the technical reliability of these results, while compliance with industry standards such as the JORC Code adds to the credibility of the announcement. Investor sentiment could be viewed from two perspectives. On the bullish side, the outstanding assay values, extensive target area, significant historical mining context and robust capital backing all point toward a high‑potential district that could see substantial resource expansion and value creation. The forthcoming drilling program and additional rig further underline the company’s commitment to accelerating exploration. Conversely, the bearish view might focus on the risks inherent in early‑stage exploration projects. Despite the high grades shown in channel sampling, conversion of these findings into a mineable resource remains subject to further drilling, metallurgical test work and market conditions that can impact valuation. Moreover, execution risk remains high until larger scale drilling confirms continuity and economic viability of the resource. Overall, Mithril Silver and Gold Limited’s latest announcement represents a significant step in advancing the Copalquin project, with promising high‐grade gold and silver results that could propel the district into a more mature stage of exploration and subsequent development.