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Mithril Resources Ltd.
Summary
| Project: | Kurnalpi | |
|---|---|---|
| Deposit: | Kurnalpi | |
| Location: | Australia | |
| Commodities: | Cobalt-Nickel-Copper-PGM | |
| Date: | 3/29/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-3-2018: Mithril Resources Ltd. announces an Exploration/Drilling Update report for its Kurnalpi deposit at the Kurnalpi project. Drilling results incl. 36m @ 0.02% Co, 0.57% Ni, 0.155ppm Pt+Pd from 26m. Mithril Resources Ltd (ASX: MTH) is pleased to ad | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Hutton (Internal) | |
| ABSTRACT: | Mithril Resources Ltd (ASX: MTH) is pleased to advise that further high-grade nickel-cobalt mineralisation and multiple zones of disseminated nickel sulphide mineralisation have been intersected in its first drilling program at the 100%-owned Kurnalpi Nickel-Cobalt Prospect (located 70 kms north east of Kalgoorlie, WA - Figure 1). Mithril’s Managing Director Mr David Hutton said that the Company was greatly encouraged by the initial “proof of concept” drilling results. “The intersection of further near surface high-grade nickel-cobalt mineralisation and recognition of nickel sulphides plus 3.5 kilometres of poorly tested prospective rocks along strike to the south of the main prospect makes Kurnalpi a high priority for follow-up” “Downhole EM geophysical surveying of the recent holes will take place next week with further ground EM geophysics and drilling to commence as soon as possible thereafter”. Four Reverse Circulation holes (18GDSRC001 to 004 - 768 metres) were drilled to validate historic nickel-cobalt drill intercepts, to test for nickel sulphides, and to determine the significance of new ground EM geophysical conductors recently identified by Mithril (see ASX Announcement dated 7 February 2018) immediately east of the main Kurnalpi Prospect (Figure 3). The Kurnalpi Prospect is underlain by a weathered sequence of ultramafic rocks high in magnesium oxide (MgO) that are prospective for nickel and cobalt mineralisation along with mafic and metasedimentary rocks. Nickel - cobalt mineralisation occurs towards the base of weathering as a flat lying zone developed preferentially over the ultramafic rocks (see Figure 2). | |
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