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Mithril Silver and Gold Limited
Figure 1 – The Copalquin gold-silver district is located in Durango State, Mexico within the Sierra Madre Gold-Silver Trend both home to numerous projects and mines with many large North American mining companies active in the region
Figure 2 – Mining concession area covering the Copalquin Mining District with Maiden MRE (November 2021) for the first target area. Shown on the map are drill and channel sampling highlights plus the new LiDAR identified areas of previously unknown historic mining activities (from 1850 - 1920)
Figure 3 – Schematic long section of the Copalquin District middle mineralised trend, which includes the maiden JORC resource at El Refugio/La Soledad
Figure 4 - Mithril El Refugio Drill Highlights
Figure 5 Long section through Target 1 Maiden resource November 2021
Figure 6 – Schematic long section of the Copalquin District south line of historic workings
Table 1 – Mineral resource estimate El Refugio – La Soledad using a cut-off grade of 2.0 g/t AuEq*
Figure 8 - Isometric view of the conceptual mine plan for El Refugio-La Soledad
Figure 9 - Plan view of the conceptual mine plan using the maiden MRE for El Refugio-La Soledad
Table 4 – Summary of the flotation and the flotation product cyanide leaching recoveries giving the final gold and silver recoveries to solution.
Figure 10 – Metallurgical recoveries for gold and silver using flotation and cyanidation for the El Refugio-La Soledad composite sample and process flow sheet.
Figure 11 – Process flow sheet detail proposed for the El Refugio-La Soledad resource, typical of other properties in the Sierra Madre Trend with similar geology.