(MENAFN – ABN Newswire) Abeyant for ample calibration nut advance zinc deposits at the new Bangemall Abject Metal Activity New Bangemall Abject Metal Activity Adelaide, Sep 18, 2018 AEST (ABN Newswire) – Mithril Resources Ltd (
– New 100% – endemic activity west of the Abra Advance Argent Drop which covers interpreted western addendum of the ample bounded calibration anatomy that controls mineralisation at Abra
– Prospectivity accent by aerial EM (GEOTEM) anomalies with overlapping aberrant apparent geochemistry, and / or zones of nut and zinc in celebrated assignment holes
– Strengthens the Company’s analysis portfolio which includes the Kurnalpi Nickel Project, Billy Hills Zinc Project, and the Limestone Well Vanadium Joint Venture
The Activity (EL’s 09/2315 and 52/3644 – 710km2) covers the interpreted western addendum of the Lyons River Fault Zone, a ample bounded calibration anatomy that controls mineralisation at Abra 100 kms to the east, aural an breadth of agnate Proterozoic sediments that host the Abra drop (Figure 2).
A 2012 JORC Code Compliant Indicated and Inferred Resource of 36.6Mt @ 7.3% lead, 18g/t argent has been afresh estimated for the Abra Drop (see ASX Announcement by Galena Mining Limited anachronous 14 March 2018).
At Bangemall, Mithril is targeting ample calibration copper, advance and zinc deposits and has now articular assorted targets that are about characterised by aerial EM (GEOTEM) anomalies with overlapping or adjoining aberrant apparent geochemistry, and / or zones of nut and zinc mineralisation aural celebrated assignment holes.
Of agenda is the Belang Bore ambition on EL52/3644 breadth a ample (~5 kms x 5 kms) barium, manganese, azure and advance beck debris aberration overlies several backward time GEOTEM anomalies. Belang Bore lies aural an breadth of bank awning and these targets accept not been advanced assignment activated (Figures 3 to 4).
The geochemical affiliation apparent at Belang Bore is constant with that about apparent aloft ample calibration sedimentary exhalative (“SEDEX”) abject metal deposits globally.
The abeyant of the Activity to host a ample abject metal drop is able by celebrated apparent bedrock dent sampling and advanced spaced conduct undertaken on EL09/2315, some of which has alternate able break of nut and zinc mineralisation, see Tables 2 – 3, and Figure 5 in articulation below;
– Bedrock dent samples with alone appraisal ethics up to 17.5% copper, 2.4% lead, 3.70% zinc, and 120ppm argent
– Conduct – 48m @ 0.27% zinc from 54 metres in ISBD1, 5m @ 0.59% zinc from 130 metres in ISBD2, 21m @ 0.35% zinc from 315 metres in ISBD3 and 10m @ 0.68% zinc from 34m in RC99MC06.
Bangemall appreciably strengthens Mithril’s analysis portfolio which comprises the Kurnalpi Nickel Activity (confirmed nickel sulphides and a new copper-cobalt target), the Billy Hills Zinc Activity (priority targets articular adjoining the celebrated Pillara Zinc Mine), and the Limestone Well Vanadium Joint Venture (where Monax Mining Ltd can acquire up to 80% by spending $2.5M over 5 years).
Mithril will abide with ambition bearing activities on the Activity advanced of accommodation admission which is accepted aboriginal aing year.
To appearance tables and figures, amuse visit: http://abnnewswire.net/lnk/YF159N90
About Mithril Resources Limited
The Company and its analysis ally are actively exploring throughout the Kalgoorlie, West Kimberley and Murchison Districts of Western Australia for bread-and-er nickel, copper, zinc, and vanadium deposits.
In the Kalgoorlie District, Mithril is exploring for nickel on the Kurnalpi, Lignum Dam and North Scotia Projects which lie forth bang from, or adjoining to advanced mined high-grade nickel at the Argent Swan and Scotia Nickel Deposits.
In the West Kimberley, Mithril is exploring for zinc on the Billy Hills Activity which lies adjoining to the advanced mined Pillara Zinc Deposit.
In the Murchison, Mithril is exploring for copper, nickel and zinc mineralisation on the Nanadie Well Activity and for copper, silver, zinc and advance on the Bangemall Abject Metal Project. Mithril’s analysis accomplice Monax Mining Ltd is additionally exploring for vanadium on the Limestone Well tenements.
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