Expands Kalgoorlie Nickel Landholding
Adelaide, April 6, 2018 AEST (ABN Newswire) - Mithril Resources Ltd (
ASX:MTH) is pleased to advise that it has significantly expanded the size of its Kalgoorlie District nickel - prospective landholding to over 500km2 with the application for two new tenements (EL's 29/1042 and 1043 - see Figure 1 in link below).
- Mithril now has over 500km2 of 100%-owned nickel prospective ground along strike from previously mined high-grade nickel sulphide mineralisation at the Silver Swan and Scotia deposits
- Tenements contain prospective rock types and will be explored in conjunction with ongoing exploration at the Kurnalpi Nickel Cobalt Prospect
Together with Mithril's adjacent (granted) Lignum Dam Project tenements, the Company's tenure covers over 50 kilometres of prospective ultramafic rocks along strike from previously mined high-grade nickel sulphide mineralisation at the Silver Swan and Scotia nickel deposits.
The tenements remain relatively unexplored with the main historic activity being shallow RAB / aircore drilling on wide-spaced regional traverses.
This drilling identified several areas of elevated nickel confirming the presence of prospective rock types (i.e. ultramafic) that will require follow-up (see Figure 2 in link below).
Commenting on the announcement, Mithril's Managing Director Mr David Hutton said;
"Exploration on the expanded landholding will be undertaken in conjunction with ongoing work at the Kurnalpi Nickel-Cobalt Prospect where the Company has just confirmed the presence of nickel sulphides for the first time."
"With demand for nickel increasing, we are very pleased to have secured a large landholding covering poorly explored nickel-prospective rock types within a known nickel mineralised area and close to existing infrastructure".
Target generation activities have commenced and the Company looks forward to updating the market as new targets come to light.
To view figures, please visit:
http://abnnewswire.net/lnk/H3UQIL1Q
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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