Mithril Silver & Gold Limited has issued an extensive update on its flagship Copalquin Project in Durango, Mexico, detailing significant progress in exploration over an 8‐kilometer mineralized system with up to 1,200 meters of vertical extent. The company’s report highlights robust channel sampling, soil and drilling results from several target areas within the district. High-grade gold and silver values have emerged in multiple areas across the district, with intercepts such as 0.50 m at 6.21 g/t gold and 265 g/t silver at Target 2. In addition, sampling from underground workings and surface channels in additional targets has recorded promising grades, with several intercepts exceeding 1 g/t gold equivalent. The announcement provides detailed technical information including drill hole coordinates, core recovery details, sampling techniques, and assay protocols that support the exploration model. Mithril’s drilling campaigns are set to expand further, with new holes planned at Targets 3 and 5, as the company continues to map and sample veins that appear to have consistent continuity along strike lengths of several hundred meters. The technical procedures described—such as diamond core drilling and rock sawn channel sampling using industry-standard methods—offer reliability to the reported grades, while metallurgical test work has confirmed robust recoveries for both gold and silver. The data indicate that the Copalquin District is evolving into a significant epithermal gold-silver centre, hosted in andesite and characterized by low-sulfidation mineralization. Historic production from over 100 mini-mine sites along with the maiden resource estimate underpins the district’s potential. As exploration advances through detailed mapping and step-out drilling, the technical indicators suggest considerable upside for extending the high-grade footprint further into the district. Bullish sentiment is supported by the strong, multi-target exploration results, industry-standard sampling data, and the strategic location within the prolific Sierra Madre gold-silver trend. The high-grade intercepts and ongoing drilling plans point to increased resource potential on a district scale, making the project attractive to investors looking for exploration upside in precious metals. On the other hand, a more cautious view is warranted due to the early stage of the exploration program, inherent uncertainties in extrapolating drill results to mineable resources, and potential challenges in actual resource extraction and processing. As Mithril Silver & Gold Limited continues its exploration and resource expansion efforts, investors will need to monitor further assay results and drill outcomes to confirm the commercial viability of the extended mineralized system.