Gold Drilling Underway at Kombi and Fenceline
- RC drill program targeting high-grade gold at the Kombi and Fenceline Gold Prospects
- At Kombi drilling to follow-up recently obtained shallow intercepts;
o 4m @ 12.76g/t gold from 20 metres and 1m @ 5.44g/t gold from 20 metres
- At Fenceline drilling to test (for the first time) a 120-metre long zone of outcropping quartz veining with rock chip sampling results up to 8.22g/t gold
- Results expected mid - December 2017
At Kombi drilling will follow-up recently obtained shallow gold intercepts (see ASX Announcement dated 13 October 2017 and Figure 2); 4m @ 12.76g/t gold from 20 metres in NRC17004, and 1m @ 5.44g/t gold from 20 metres in NRC17001.
At Fenceline drilling will test (for the first time) a zone of ferruginous and brecciated quartz veining which has been mapped and sampled over approximately 120 metres strike length with rock chip results up to 8.22g/t gold (See ASX Announcement dated 28 June 2017 and Figure 3).
Assay results are expected by mid - December and Mithril will inform the market when they come to hand.
Kombi lies on EL51/1040 which is subject to a Farmin and Joint Venture Agreement with Intermin Resources Limited (ASX:IRC) whereby Mithril can earn a 60% interest by completing expenditure of $2M by 14 April 2019 (approximately $1.25M spent to date).
Mithril can earn an additional 15% by completing further expenditure of $2M over a further 2 years.
Fenceline lies on E51/1615 which is 100%-owned by Mithril.
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About Mithril Resources Limited
Mithril 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. Mithril are exploring for a range of high-value commodities (principally nickel, cobalt, copper and zinc) throughout the Meekatharra, West Kimberley and Kalgoorlie Districts of Western Australia. The Company is also exploring South Australia's far western Coompana Province for magmatic nickel – copper deposits with OZ Minerals Limited.
Mithril Resources Limited
Intermin Resources Limited