Adelaide, June 28, 2017 AEST (ABN Newswire) - Mithril Resources Ltd (ASX:MTH) is pleased to advise that recent rockchip sampling has identified a new gold prospect (called "Fenceline") on its 100% - owned Willow Well tenement (EL51/1615), approximately 70 kms southeast of Meekatharra, WA (see Figure 1 in the link below).

- Surface rockchip samples return up to 8.22g/t gold from new Fenceline Prospect
- Elevated gold in rockchip samples from a 120 metre long zone defined by sub-cropping ferruginous and brecciated quartz veining
- No previous drilling and remains open along strike
- Further mapping and sampling planned ahead of drill testing in second half of 2017

The new gold prospect is 20kms north of Mithril's Stark Copper Nickel Prospect where diamond drilling has just intersected 30 metres (downhole width) of disseminated, blebby, matrix, semi - massive and massive copper sulphides (see ASX Announcement dated 19 June 2017) and for which results are awaited.

At Fenceline, a zone of sub-cropping ferruginous and brecciated quartz veining has been mapped and sampled over approximately 120 metres strike length with rock chip results ranging from 0.43 g/t gold to 8.22g/t gold (see Table 1 and Figures 2 - 3 in the link below).

The zone which has never been drilled has an estimated surface width of up to 5 metres and remains open along strike, to the south east where it passes under an area of alluvial sheet wash and drainage.

Mithril plans to conduct further detailed mapping and sampling ahead of potential drill testing in the second half of 2017 and looks forward to updating the market with new results as they become available.

To view tables and figures, please visit:
http://abnnewswire.net/lnk/RA1SIHLG


About Mithril Resources Limited

Mithril ResourcesMithril Resources Limited (ASX:MTH) is an Australian resources company whose objective is the creation of shareholder wealth through the discovery and development of mineral deposits.

The Company is actively exploring throughout two highly prospective areas of the Western Australian Goldfields, namely the Kalgoorlie District for gold and nickel deposits and the Meekatharra District for copper-nickel deposits.

The Company is also exploring South Australia’s far western Coompana Province for magmatic nickel – copper deposits with OZ Minerals Limited.

  


Contact

Mithril Resources Ltd
David Hutton
Managing Director
E: admin@mithrilresources.com.au
T: +61-8-8132-8800
F: +61-8-8132-8899
www.mithrilresources.com.au



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