- RC drilling to test a strong off-hole EM conductor, gossan and nickel sulphides with assay results expected by end of August
Drilling previously undertaken by Mithril at the northern end of the project (in March 2018) confirmed the presence of nickel sulphide mineralisation with a 4-metre zone of gossanous weathered ultramafic and several other narrow intervals of disseminated nickel sulphide mineralisation intersected beneath a flat-lying zone of near-surface nickel - cobalt mineralisation.
Subsequent downhole EM geophysical surveying identified a strong off hole conductor lying adjacent to the sulphide mineralisation at approximately 150 metres depth (See ASX Announcement dated 20 April 2017).
The strength of the conductor (which has not been previously drilled) is consistent with what could be expected from semi to massive sulphides and given its proximity to existing nickel sulphide mineralisation is a high priority drill target.
Up to three Reverse Circulation holes (750 metres in total) will be drilled as an initial test of the EM conductor, gossan and disseminated sulphide intercepts.
Drilling results are expected by the end of August and Mithril will inform the market when they are received.
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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 of mineral deposits.
The Company and its exploration partners are actively exploring throughout the Kalgoorlie, West Kimberley and Murchison Districts of Western Australia for economic nickel, copper, zinc, and vanadium deposits.
In the Kalgoorlie District, Mithril is exploring for nickel on the Kurnalpi, Lignum Dam and North Scotia Projects which lie along strike from, or adjacent to previously mined high-grade nickel at the Silver Swan and Scotia Nickel Deposits.
In the West Kimberley, Mithril is exploring for zinc on the Billy Hills Project which lies adjacent to the previously mined Pillara Zinc Deposit.
In the Murchison, Mithril is exploring for copper, nickel and zinc mineralisation on the Nanadie Well Project and for copper, silver, zinc and lead on the Bangemall Base Metal Project. Mithril's exploration partner – Monax Mining Ltd is also exploring for vanadium on the Limestone Well tenements.
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