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) at the Target 1 area. Shown on the map are the current drill target areas 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 Target 1 - El Refugio/La Soledad
Figure 4 - Mithril El Refugio Drill Highlights - Target 1
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
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.