Mithril Resources (ASX:MTH) reported continued drilling progress at its Copalquin Silver-Gold Project in Mexico, according to a Tuesday Australia bourse filing.
The results were up to 9.7 meters at 7 grams per tonne gold and 370 grams per tonne silver from 271.4 meters.
Expansion drilling continues ahead of an updated mineral resource estimate planned for late June 2026, with district target generation work, including mapping, sampling, aerial magnetic survey interpretation, and structural study, preceding drill testing as part of a 25,000-meter program for the year, the filing added.
The company's shares rose nearly 8% in recent Tuesday trade.