Mithril Resources Ltd (ASX:MTH) has commenced a 3,000 metre reverse circulation drilling program targeting economic high-grade copper mineralisation at its East Arunta Project Area, Northern Territory.
The program will test five outcropping copper targets at Mini Me West, El Gordo, Ivana, Harry Creek, and Red Rock Bore, with an additional buried geophysical anomaly in Coles Hill North also targeted.
Significantly, Mini Me West, Ivana and Coles Hill North have never been drilled, with only shallow drilling undertaken on the remaining targets.
The first target being drilled is Mini Me West, where an 800 metre long combined VTEM and IP anomaly is overlain by sporadically outcropping zones of copper mineralisation exhibiting rock chip results up to 1.91% copper.
Mini Me West, El Gordo and Ivana are subject to a joint venture between Mithril (80% and operator) and Sammy Resources (20%), a wholly owned subsidiary of Cazaly Resources (ASX:CAZ). The remaining targets are 100% Mithril.
The commencement of copper drilling signals the start of a very active period for Mithril, with an additional 2,500 metre nickel drilling program being sole-funded and managed by Mithril’s nickel joint venture partner MMG Limited, scheduled to commence in October.
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