Government Drilling Underway at Coompana
Adelaide, April 12, 2017 AEST (ABN Newswire) - Mithril Resources Ltd (
ASX:MTH) ("Mithril") advises that the Geological Survey of South Australia (GSSA) and Geoscience Australia (GA) have commenced a regional diamond drilling program at Coompana which is located in South Australia's far west (see Figure 1 in the link below).
- Mithril and OZ Minerals Limited will assess Coompana for nickel - copper deposits
- Geological Survey of South Australia (GSSA) and Geoscience Australia (GA) have commenced a fully funded regional diamond drilling program at Coompana
The GSSA/GA-funded drilling forms part of a pre-competitive science data acquisition program and follows the acquisition of high quality aeromagnetic data in 2016 and detailed gravity data in early 2017.
The aim of the program is to provide the mineral exploration industry and research community with new pre-competitive scientific data that better defines the geology and prospectivity of the Coompana region.
Subject to successfully negotiating a Part 9B Agreements with the Coompana Native Title Holders, Mithril and OZ Minerals Limited (ASX:OZL) will assess Coompana for magmatic nickel - copper deposits, with OZ Minerals having over 6,000km2 of granted tenements in the area and in which, Mithril has a right to earn a 20% interest.
To view the figure, please visit:
http://abnnewswire.net/lnk/4BS23D37
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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