For thousands of other reports visit RSC's Mineral Intellingence Map
Mithril Resources Ltd.
Summary
| Project: | Kombi | |
|---|---|---|
| Deposit: | Kombi | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/13/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-10-2017: Mithril Resources Ltd. announces an Exploration/Drilling Update report for its Kombi deposit at the Kombi project. JV with Intermin Resources Ltd - Drilling results incl. 4m @ 12.76g/t Au from 20m. Mithril Resources Ltd (ASX: MTH) is pleased t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Hutton (Internal) | |
| ABSTRACT: | Mithril Resources Ltd (ASX: MTH) is pleased to advise that a recent drilling programme at the Kombi Gold Prospect (located approximately 70 kms southeast of Meekatharra, WA - Figure 1) has successfully intersected high-grade gold mineralisation at approximately 17m metres vertical depth. The Kombi Gold Prospect lies on EL51/1040 which is subject to a Farmin and Joint Venture Agreement with Intermin Resources Limited (ASX: IRC) whereby Mithril can earn a 60% interest by completing expenditure of $2M by 14 April 2019 (approximately $1.24M spent to date). The NRC17001 and NRC17004 intercepts occur within a zone of largely unweathered quartz - biotite - chlorite alteration (+/- disseminated and stringer pyrite - chalcopyrite mineralisation) that is present within a sheared sequence of gabbro, amphibolite and meta-sediments (Figures 3 to 6). With no historic drilling beneath the most recent holes, the new intercepts remain open in all directions and are a high priority for follow-up. Mithril plans to undertake further drilling at Kombi as soon as possible. 6 wide-spaced Reverse Circulation holes (NRC17001 to NRC17006) totalling 504 metres were drilled to test for highgrade gold mineralisation beneath the historic Gloria June gold workings (reported production to 10 metres depth of 1,094 tonnes @ 10.8g/t gold) and adjacent soil anomaly. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report