New Meekatharra gold prospect
- Surface rockchip samples return up to 8.22g/t gold from new Fenceline Prospect
- Elevated gold in rockchip samples from a 120 metre long zone defined by sub-cropping ferruginous and brecciated quartz veining
- No previous drilling and remains open along strike
- Further mapping and sampling planned ahead of drill testing in second half of 2017
The new gold prospect is 20kms north of Mithril's Stark Copper Nickel Prospect where diamond drilling has just intersected 30 metres (downhole width) of disseminated, blebby, matrix, semi - massive and massive copper sulphides (see ASX Announcement dated 19 June 2017) and for which results are awaited.
At Fenceline, a zone of sub-cropping ferruginous and brecciated quartz veining has been mapped and sampled over approximately 120 metres strike length with rock chip results ranging from 0.43 g/t gold to 8.22g/t gold (see Table 1 and Figures 2 - 3 in the link below).
The zone which has never been drilled has an estimated surface width of up to 5 metres and remains open along strike, to the south east where it passes under an area of alluvial sheet wash and drainage.
Mithril plans to conduct further detailed mapping and sampling ahead of potential drill testing in the second half of 2017 and looks forward to updating the market with new results as they become available.
To view tables and figures, please visit:
About Mithril Resources Limited
Mithril Resources Limited (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 Limited.
Mithril Resources Limited