Mithril Resources Ltd advises that further high-grade nickel-cobalt mineralisation and multiple zones of disseminated nickel sulphide mineralisation have been intersected in its first drilling program at the 100%-owned Kurnalpi nickel-cobalt prospect (located 70 km north east of Kalgoorlie, Western Australia:

• 12 m @ 0.54% Ni, 0.10% Co from 34 m in 18GDSRC004 including 4 m @ 0.70% Ni, 0.16% Co from 36 m
• 12 m @ 0.69% Ni, 0.07% Co from 26 m in 18GDSRC003 including 4 m @ 0.86% Ni, 0.10% Co from 26 m.

Drilling also intersects disseminated nickel sulphide mineralisation beneath the nickel-cobalt mineralisation which represents the first evidence for nickel sulphides at the prospect:

• 36 m @ 0.57% Ni, 155ppb PGE from 26 m in 18GDSRC002
• 4 m @ 0.62% Ni, 282ppb PGE from 142 m in 18GDSRC002

Mithril’s Managing Director David Hutton said that the company was greatly encouraged by the initial “proof of concept” drilling results.

“The intersection of further near surface high-grade nickel-cobalt mineralisation and recognition of nickel sulphides plus 3.5 km of poorly tested prospective rocks along strike to the south of the main prospect makes Kurnalpi a high priority for follow-up.

“Downhole EM geophysical surveying of the recent holes will take place next week with further ground EM geophysics and drilling to commence as soon as possible thereafter”.