Mithril Resources - MTH(ASX) News & Expert Insights from Stockhead

Mithril Resources Ltd (MTH:ASX) is an Australian listed resources company whose objective is the creation of shareholder wealth through the discovery of mineral deposits.

Mithril acquired private Australian exploration company Sun Minerals Pty Ltd which has an exclusive Option to earn up to 100% of the high-grade Copalquin Gold Silver Project in Durango, Mexico.

The Copalquin mining district covers an entire mining district of 70km² containing several dozen historic gold and silver mines and workings, ten of which had notable production. The district is within the Sierra Madre Gold Silver Trend which extends north-south along the western side of Mexico and hosts many world class gold and silver deposits.

Multiple mineralisation events, young intrusives thought to be system-driving heat sources, widespread alteration together with extensive surface vein exposures and dozens of historic mine workings, identify the Copalquin mining district as a major epithermal centre for Gold and Silver.

KEY PEOPLE

John Skeet MD and CEO - Metallurgist, F. AusIMM

John has over 30 years experience in gold-silver mining, both in management at operations and developing projects in Australia, Republic of Georgia and Mexico. He successfully developed Ballarat East, Quartzite Gold in Georgia, and Palmarejo Silver Gold Mine in Mexico, prior to the Coeur Mining takeover and was COO of Cerro Resources prior to its takeover by Primero Mining. He has 16 years experience in Mexico. He founded Sun Minerals in 2017 and acquired the option to purchase the Copalquin Project in Mexico.

Hall Stewart - Chief Geologist - Geologist, CPG, PG

Hall is a professional geologist with significant experience and success in managing, developing, and exploring mining projects in USA and Mexico. In particular, Hall has considerable experience in the gold-silver trend in Mexico and located and recommended the multimillion ounce Palmarejo project to Bolnisi Gold and managed its regional exploration. Hall cofounded Puno Gold Corp. and Commonwealth Silver & Gold which were both acquired by Canadian companies.