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Mithril Resources Limited (ASX:MTH) Quarterly Activity Report March 2018
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 Mithril Resources (ASX:MTH) ("Mithril") and its exploration partners are exploring for a range of high-value commodities throughout the Meekatharra, West Kimberley and Kalgoorlie Districts of Western Australia, and the Coompana Province of South Australia (Figure 1).
Key Points
Kurnalpi (Nickel-Cobalt)
- Initial drilling program successfully intersected nickel sulphide and nickel-cobalt mineralisation at the 100%-owned Kurnalpi Nickel-Cobalt Prospect including;
o 12m @ 0.54% nickel, 0.10% cobalt from 34 metres in 18GDSRC004 including 4m @ 0.70% nickel, 0.16% cobalt from 36 metres,
o 12m @ 0.69% nickel, 0.07% cobalt from 26 metres in 18GDSRC003 including 4m @ 0.86% nickel, 0.10% cobalt from 26 metres.
- Downhole EM geophysical surveying has identified a new off hole conductor that warrants further investigation.
- EM geophysics and follow-up drilling planned for the June 2018 Quarter
Lignum Dam / North Scotia (Nickel)
- Mithril now has over 500km2 of 100%-owned nickel prospective ground along strike from previously mined high-grade nickel sulphide mineralisation at the Silver Swan and Scotia deposits
- To be explored in conjunction with ongoing exploration at the Kurnalpi Nickel Cobalt Prospect
Billy Hills (Zinc)
- Project area expanded to over 315km2 with a new tenement application east of the former Pillara Zinc Mine
- Target generation continuing ahead of tenement grant anticipated for September 2018 Quarter
Corporate and Cash
- Cash reserves of $0.48M at 31 March 2018.
Exploration Overview
During the March 2018 Quarter (the "Quarter") Mithril successfully intersected nickel sulphide and nickel-cobalt mineralisation at Kurnalpi, significantly expanded its Kalgoorlie District nickel search area, and continued with target generation activities at Billy Hills.
To view the full report, please visit:
http://abnnewswire.net/lnk/L6Q85JGM
Mithril Resources Ltd
David Hutton
Managing Director
E: admin@mithrilresources.com.au
T: +61-8-8132-8800
F: +61-8-8132-8899
www.mithrilresources.com.au
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