Drilling Underway at the Kurnalpi Nickel-Cobalt Prospect
Adelaide, Feb 15, 2018 AEST (ABN Newswire) - Mithril Resources Ltd (
ASX:MTH) is pleased to advise that a 900-metre Reverse Circulation drilling program is underway at 100%-owned Kurnalpi Nickel-Cobalt Prospect (located on EL28/2567 approximately 70 kms north east of Kalgoorlie, WA - see Figure 1 in link below).
- RC drill program testing new bedrock EM conductors and historic nickel-cobalt drill intercepts
- Historic intercepts include;
o 42m @ 1.25% nickel, 0.07% cobalt from 24 metres including 6m @ 1.78% nickel, 0.20% cobalt from 28 metres, and
o 19m @ 1.08% nickel, 0.07% cobalt from 33 metres including 6m @ 1.17% nickel, 0.11% cobalt from 35 metres
- Results expected mid-March 2017
Drilling will test both new bedrock EM conductors and a zone of high-grade nickel-cobalt intercepts identified from historic drilling (See ASX Announcement dated 7 February 2018 and Figure 2 in link below). The historic intercepts include;
o 42m @ 1.25% nickel, 0.07% cobalt from 24 metres in KURC22 including 6m @ 1.78% nickel, 0.20% cobalt from 28 metres, and
o 19m @ 1.08% nickel, 0.07% cobalt from 33 metres in KURA42 including 6m @ 1.17% nickel, 0.11% cobalt from 35 metres.
The new drill holes will also be cased for future downhole EM geophysical surveying.
Assay results are expected mid-March 2018 and Mithril will inform the market when they come to hand.
To view figures, please visit:
http://abnnewswire.net/lnk/HP4J04U5
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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