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Mithril Resources Strikes High-Grade Gold and Silver at Los Reyes

The first holes drilled at Mithril Resources’ (ASX: MTH) Los Reyes target in Mexico have added another feather in the company’s cap after returning high-grade gold and silver results.

The Australian explorer today reported initial assays from scout drill holes at the target, located within the Reyes project in Mexico’s Copalquin gold-silver district, including a 2.22m intersection grading at 34.6 grams per tonne of gold equivalent (32.35g/t gold and 184.8g/t silver) from a depth of 91.55m.

The intercept included 1.22m at 61.1g/t gold equivalent, plus 0.7m at 10.9g/t gold equivalent.

A second hole, situated 40m southeast of the first, returned 3m at 3.9g/t gold equivalent from 103m, including 0.6m at 11.9g/t gold equivalent. Read more…..

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With lockdowns resuming in Europe, concerns rise that London, a major vaulting center, will face logistical challenges in transporting and servicing gold and silver bullion, similar to what happened in March that led to shortages of the physical precious metals markets.

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