New Meekatharra gold prospect
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 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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