Kurnalpi Nickel Project Drilling Update
Adelaide, July 18, 2018 AEST (ABN Newswire) - Mithril Resources Ltd (the "Company") (
ASX:MTH) advises that a Reverse Circulation drilling program to test a strong off hole EM conductor at its 100% owned Kurnalpi Nickel Project (located 70 kms north east of Kalgoorlie, WA - see Figures 1 in link below) is scheduled to commence during the first week of August 2018.
- RC drilling to test a strong off-hole EM conductor, gossan and disseminated nickel sulphides to commence first week of August 2018
Drilling undertaken by Mithril at the northern end of the project (in March 2018) confirmed the presence of nickel sulphide mineralisation with a 4-metre zone of gossanous weathered ultramafic and several other narrow intervals of disseminated nickel sulphide mineralisation intersected beneath a flat-lying zone of near-surface nickel - cobalt mineralisation.
Subsequent downhole EM geophysical surveying identified a strong off hole conductor lying adjacent to the sulphide mineralisation at approximately 150 metres depth (See ASX Announcement dated 20 April 2017).
The strength of the conductor is consistent with what could be expected from semi to massive sulphides and given its proximity to existing nickel sulphide mineralisation is a high priority drill target.
Up to three Reverse Circulation holes (750 metres in total) will be drilled as an initial test of the EM conductor, gossan and disseminated sulphide intercepts.
Statutory approvals to conduct the work have been received and Mithril will provide further updates when drilling commences.
To view figures, please visit:
http://abnnewswire.net/lnk/NX2513YX
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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