Drilling to Resume at the Mexi Nickel Prospect
Adelaide, April 5, 2017 AEST (ABN Newswire) - Mithril Resources Ltd (
ASX:MTH) is pleased to advise that it will shortly resume drilling at the 100% owned Mexi nickel sulphide prospect (located 50 kilometres north-northeast of Kalgoorlie Western Australia - see Figure 1 in the link below).
- RC drill program to test for nickel sulphides beneath a broad zone of anomalous nickel - copper - PGE's within weathered ultramafic rocks
- Presence of elevated copper and PGE's along with nickel potentially indicative of nickel sulphide mineralisation at depth within fresh rock
- Mexi lies within same structural corridor as high-grade Silver Swan Nickel Deposit 9 kilometres to the south
- Drilling to commence in two weeks
Reverse Circulation drill holes are targeted both down dip of and along strike from a broad zone of nickel - copper - platinum + palladium (PGE's) anomalism previously intersected by Mithril aircore drilling within weathered ultramafic rocks (see Figures 2 and 3 in the link below).
The new drilling, comprising two, 200-250 metre holes will test for nickel sulphides and provide a platform for future downhole EM geophysical surveying.
Mexi lies within a broader structural corridor which is interpreted from aeromagnetic and gravity data to extend from known high-grade nickel sulphide mineralisation at the Silver Swan nickel deposit located 9km to the south.
The presence of elevated copper and PGE's along with nickel at Mexi is highly significant as they are potentially indicative of nickel sulphide mineralisation at depth.
Following a recent rain delay the rig is now scheduled to commence in two weeks' time and Mithril looks forward to informing the market when results become available.
To view figures, please visit:
http://abnnewswire.net/lnk/BK5QXQQ6
About Mithril Silver and Gold Limited
Mithril Resources Limited (ASX:MTH) (CVE:MSG) 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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