Mithril Resources defines new EM conductors at Kambalda
THE DRILL SERGEANT: Mithril Resources (ASX: MTH) has identified new anomalies during electromagnetic (EM) geophysical surveying at the Hendrix and Floyd nickel prospects at the company’s West Kambalda project in Western Australia.
Mithril has recently completed a program of geological mapping, and Moving Loop EM (MLEM) geophysical surveying with the aim of identifying geophysical anomalies with the potential to indicate nickel sulphide mineralisation at depth.
At the Hendrix prospect the company claims to have identified a 300 metre long zone of anomalous conductivity immediately adjacent to the nickel mineralised zone previously drilled by INCO.
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Hendrix nickel prospect – line 2 cross-section showing INCO
drill results, interpreted geology and zone of anomalous conductivity.
Source: Company announcement
“Interpretation of the geophysical data suggests a substantial deepening of the weathering profile, the significance of which will need to be established with follow-up drilling,” Mithril Resources said in its ASX announcement.
At the Floyd prospect, Mithril said it had defined a sub-vertical bedrock conductor (with modelled conductivity of 1500-2000 Siemens) over a 600m strike length.
“The ultramafic at Floyd is interpreted to be the southern equivalent (i.e. same stratigraphic horizon) to the Hendrix ultramafic,” the company said.
“The conductor has not been previously tested; however one traverse of shallow vertical holes was drilled across the southern end of the conductor by INCO in 1970.”
Mithril has resampled drill spoils collected at surface, which have returned assay results displaying anomalous nickel and copper, including 1,135 ppm copper and 363 ppm nickel.
Mithril indicated it would be drill testing these new EM conductors as soon as it possibly can, once all statutory approvals have been received, which it anticipates happening early in the June 2014 Quarter.
Email: admin@mithrilresources.com.au
Website: www.mithrilresources.com.au