Mithril Silver and Gold has taken a significant step in its strategy to consolidate assets within Mexico’s prolific Durango State by executing a purchase option agreement for the La Dura gold-silver property. This acquisition adds a strategically located 2,052-hectare land package, comprised of five contiguous concessions, directly adjacent to the company’s existing Copalquin project.
The property’s excellent logistical position, situated less than five kilometers from the town of El Durazno and under twenty kilometers from the Copalquin district core, provides ready access for personnel, equipment, and future operational support.
The La Dura property offers considerable historical pedigree alongside tangible infrastructure, centered on the namesake La Dura gold-silver mine, a historic operation with four developed levels. The site benefits from a historical 60-tonne-per-day processing facility and was last operational as recently as 2013.
Importantly, Mithril gains access to an extensive historic database, with compiled mining records and sampling data spanning from the 1990s through 2018. This substantial repository of historical work provides a robust foundation for guiding efficient future exploration and accelerating potential development plans on the newly acquired ground.
Managing Director & CEO, John Skeet's confidence stems from over 35 years of experience, including 20 years on the ground in Mexico where he has led successful mine developments and corporate transactions. This deep regional expertise underpins the company's strategy in the Copalquin district and now at La Dura. Read more...
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