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Mithril Resources Ltd.
Summary
| Project: | Murchison | |
|---|---|---|
| Deposit: | Nanadie Well, Stark | |
| Location: | Australia | |
| Commodities: | Copper-Zinc-PGM-Cobalt | |
| Date: | 8/1/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-8-2017: Mithril Resources Ltd. announces an Exploration/Drilling Update report for its Nanadie Well, Stark deposit at the Murchison project. Drilling results incl. 127.8m @ 0.40% Cu, 0.11g/t Au from 42.8m. Mithril Resources Ltd (ASX: MTH) is pleased to | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Hutton (Internal) | |
| ABSTRACT: | Mithril Resources Ltd (ASX: MTH) is pleased to advise positive assay results have been received from diamond drilling recently carried out at the Nanadie Well Deposit and adjacent Stark Prospect which are both located on the Company’s Murchison Project (located 80 kms SE of Meekatharra, Western Australia – Figure 1). Three holes (NDD17001 – 003 / 656.7 metres) were drilled to confirm previous mineralised intercepts and better understand the geological setting of the deposit and test the significance of new bedrock EM conductors (“M1” and “M3”) at Stark. At Nanadie Well, NDD17001 was drilled within the central portion of the deposit and intersected a broad zone of copper – gold mineralisation. This is the first diamond drillhole into the deposit and confirmed the mineralisation is hosted within a structurally – deformed sequence of mafic intrusive rocks (gabbro and amphibolite), assaying of which returned. The diamond drillhole at Nanadie Well has provided critical geological information about the deposit and also a context to the previous mineralised intercepts and untested targets identified along strike to the deposit. At Stark, by intersecting further mineralisation south of that previously identified, the diamond drilling clearly demonstrates the presence of a very large copper mineralised system that remains open in all directions. The new geological knowledge this drilling has provided will underpin future exploration throughout the project area. Recent interpretation of newly reprocessed aeromagnetic data has identified a series of discrete linear magnetic features (that are spatially associated with existing mineralisation at both Nanadie Well and Stark) that extend for 13 kilometres along strike to the south from Nanadie Well and Stark under a thin soil veneer (Figure 5). These southern magnetic features have not been previously explored and are compelling targets that will be a priority for Mithril’s ongoing exploration within the Murchison Project. | |
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