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Mithril Resources Ltd.
Summary
| Project: | Nanadie Well | |
|---|---|---|
| Deposit: | Nanadie Well | |
| Location: | Australia | |
| Commodities: | Copper-Zinc-PGM-Cobalt | |
| Date: | 3/28/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-3-2017: Mithril Resources Ltd. announces an Exploration/Drilling Update report for its Nanadie Well deposit at the Nanadie Well project. Resampling of historic drillhole results incl. 1m @ 2.97% Cu, 1.27g/t Au, 0.15% Co from 128m. Mithril Resources Ltd | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Hutton (Internal) | |
| ABSTRACT: | Mithril Resources Ltd (ASX: MTH) is pleased to advise that a review of previously completed drill hole sampling has highlighted the cobalt potential of the Nanadie Well Copper Deposit (2004 JORC Code Compliant Inferred Resource of 36.07Mt @ 0.42% copper, 0.064 g/t gold - 151,506 tonnes copper and 74,233 ounces gold estimated by Intermin Resources Limited ASX: IRC in 2013) which is located 80 kilometres southeast of Meekatharra, Western Australia (Figure 1). Previous drilling at Nanadie Well has focused on copper and gold, with the overwhelming majority of higher grade copper intervals (i.e. greater than 1% copper) never having been analysed for cobalt. Mithril’s selective resampling of historic RC drillholes within the deposit has returned elevated cobalt as well as nickel, platinum and palladium. While the resampling results highlight the deposit’s cobalt potential, further work is required to better understand the grade and distribution of cobalt, nickel and PGE mineralisation at Nanadie Well and with this in mind, diamond drilling to test for further high-grade copper and associated cobalt is planned for the June 2017 Quarter. | |
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