MTH mithril silver and gold limited

Ann: New High-Grade Drilling Discovery at Target 2 Copalquin, page-14

  1. 15,731 Posts.
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    Sorry for the late reply, I only just checked back in here.
    When drilling exploration holes and looking for any possible high grade veins over a larger area (and not knowing if there are any there), as opposed to tightly spaced holes targeting a known vein, then just one high grade hit out of ten can still be an excellent result because most holes are likely to be misses and the one that hits is a new vein that has just been discovered - and this one was a very high grade discovery. Follow up holes targeting extensions of that vein would be more likely to have a better hit to miss ratio. Any misses are not a problem either as they are needed to build up the picture of the limits of mineralisation and which way the high grade vein runs to help direct the next holes.
    11.5m @ 8.61 g/t gold, 57.6 g/t silver from 44.5m, including 3.85m @ 25.33g/t gold, 128 g/t silver from 46.65m including 0.85m @ 109.5 g/t gold, 325 g/t silver from 46.65m. This is well outside the JORC resource which is only in target area 1.


    It looks like more assays are expected too.
    "Multiple shallow drillholes have shown furtherextension of the mineralized footprint of this emerging high-grade zone (samples dispatched)."

    This is also looking great and it is target 5, not 1 or 2 that I thought they were focusing on for now;
    "High-Potential for additional Discovery at Target 5 – El Apomal: A new target has beendefined at the historic El Apomal workings. A 130-metre underground adit has beendewatered, mapped, and sampled (assays pending), and a surface vein has been traced over300 metres — a compelling new drill target developing"
 
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