MTH (ASX) Surging Silver price puts spotlight on MTH drilling

Originally posted by alpaka: ↑

The surging silver price is drawing the attention of many to the current initial drilling program by MTH in Mexico.

The silver price has more than doubled since March 2020.

While the breakout by Gold has grabbed the headlines so far, it is the dramatic surge by silver that should draw the focus of precious metal investors.

The Gold/Silver ratio has contracted significantly from a high of 125 only weeks ago. Only a couple of weeks ago it was in the mid 80's. This week it dropped to 77, then 75 yesterday, and now 72. It is proceeding rapidly towards the historical ratio of 60. It may even overshoot.

This means that even though gold stocks are doing great, ASX Silver stocks will offer proportionally greater potential for shareholders.

While this precious metals dynamic is in motion, Mithral has commenced it's initial drilling campaign in a very prospective area that is home to many
historic high grade gold and silver mines.

From the companies website.......

The Copalquin Gold Silver Project is located in Durango State, Mexico and covers an entire mining districtof 70km2 containing over 32 historic gold and silver mines and workings. The district is within the SierraMadre Gold Silver Trend which extends north-south along the western side of Mexico and hosts manyworld class gold and silver deposits. Multiple mineralisation events, young intrusives thought to be system-driving heat sources, widespreadalteration together with extensive surface vein exposures and dozens of historic mine workings, identifythe Copalquin mining district as a major epithermal centre for gold and silver. Two past drilling programmes were completed between 1998 and 2007 by others plus geochemical, rock channel sampling and alteration studies. There are at least 6 drill target areas with one area an advanced pre resource target which was the focus of the previous drilling.

Most recent drilling was by UC Resources from 2004 to 2007 with some highlights below.
UC-03 from 30.98m to 48.75m, 17.77m @ 45.16 g/t gold and 118.2 g/t silver (El Cometa Mine)
UC-24 from 143.10m to 151.0m, 7.9m @ 6.54g/t gold and 140.g/t silver (El Refugio Mine)
MP-07-101 from 138m to 142.53m, 4.53m @ 28.99g/t gold and 2,350.3g/t silver (La Soledad Mine)
(reported under Canadian National Instrument 43-101 guidelines. Non JORC 2012 compliant)

Bell Coast Capital Corporation explored from 1997 to 1998 and produced the following drilling highlights.
EC-2 from 33.60m to 46.85m, 13.25m @ 74.89g/t gold and 706g/t silver (El Cometa Mine)
EC-9 from 28.80m to 47.00m, 18.20m @ 8.55g/t gold and 144g/t silver (El Cometa Mine)
EC-10 from 32.45m to 45.90m, 13.45m @ 10.39g/t gold and 232g/t silver (El Cometa Mine)
EC-12 from 18.00m to 26.00m, 8.00m @ 9.34g/t gold and 190g/t silver (El Cometa Mine)
EC-13 from 13.15m to 22.50m, 9.35m @ 25.32g/t gold and 247g/t silver (El Cometa Mine)
(reported pre Canadian National Instrument 43-101 guidelines. Non JORC 2012 compliant)If the results of this first MTH drilling campaign can confirm similar grades it will propel Mithral shares into a pre-eminent position among listed ASX stocks with exposure to Silver.

And the gold grades look pretty handy too !!

The last couple of days have seen MTH shares starting to move in response to the potential.

But this is only the precursor to what is to come.

Expand

thanks alpak, when are drill results hitting the bourse?

No.	Vol.	Price($)
1	12000	17.0¢

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12000

17.0¢

Price($)	Vol.	No.
17.0¢	1781	2

Price($)

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17.0¢

1781

No.	Vol.	Price($)
1	12000	0.170
1	181818	0.165
2	54700	0.160
3	55527	0.155
1	6903	0.145

No.

Vol.

Price($)

12000

0.170

181818

0.165

54700

0.160

55527

0.155

6903

0.145

Price($)	Vol.	No.
0.170	1781	2
0.180	3200	1
0.185	4906	1
0.190	17500	1
0.195	61326	1

Price($)

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0.170

1781

0.180

3200

0.185

4906

0.190

17500

0.195

61326

(20min delay)
Last 15.5¢		Change 0.000(0.00%)		Mkt cap ! $13.10M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

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