Mithril Resources Limited: Drilling Underway at the Kurnalpi Nickel-Cobalt Prospect
15.02.2018 | ABN Newswire
Adelaide - 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 Resources Limited:
Mithril Resources Ltd. (ASX:MTH) is an Australian resources company whose objective is the creation of shareholder wealth through the discovery and development of mineral deposits.
Mithril are exploring for a range of high-value commodities (principally nickel, cobalt, copper and zinc) throughout the Meekatharra, West Kimberley and Kalgoorlie Districts of Western Australia.
The Company is also exploring South Australia’s far western Coompana Province for magmatic nickel – copper deposits with OZ Minerals Ltd..
Contact:
Mithril Resources Ltd.
David Hutton Managing Director
E: admin@mithrilresources.com.au
T: +61-8-8132-8800
F: +61-8-8132-8899
www.mithrilresources.com.au