Mithril Resources’ (ASX:MTH) drilling has intersected disseminated and massive sulphides at the Stark copper-nickel-PGE prospect southeast of Meekatharra, Western Australia.
The two holes were located down dip and along strike from previously drilled mineralisation.
Notably, NRD15001 intersected multiple mineralised intervals within a sequence of gabbro and minor intermixed sediments (downhole widths) as follows:
- 50.25 metres (from 162.1 metres downhole) of weak disseminated sulphides (pyrite - pyrrhotite - chalcopyrite);
- 0.27 metres (from 213.43 metres downhole) of massive sulphides (pyrrhotite - chalcopyrite - pentlandite) followed by 10.95 metres of disseminated sulphides (pyrite - pyrrhotite - chalcopyrite);
- 7.65 metres (from 226.75 metres) of weak disseminated, blebby and stringer sulphides (chalcopyrite - pyrrhotite); and
- 0.15 metres (from 246.35 metres) of massive and stringer sulphides (chalcopyrite - pyrrhotite).
This lies about 40 metres down dip of drill hole NRC14008 that it completed in December 2014 that intersected 16 metres at 0.81% copper, 0.09% nickel, and 0.39g/t PGE’s from 183 metres including 4 metres at 1.91% copper, 0.18% nickel, and 0.96g/t PGE’s from 194 metres.
Assay results are expected next month.
Stark lies within the Nanadie Well Project located 80 kilometres south east of Meekatharra, Western Australia, on tenements subject to a Farmin and Joint Venture Agreement with Intermin Resources (ASX:IRC).
Under the terms of the joint venture, Mithril can earn up to a 75% interest in the project tenements by completing expenditure of $4 million over 6 years with a minimum expenditure of $250,000 required by 14 April 2015.
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