"The most significant of these prospects identified to date is the 100% - owned Basil Copper Deposit where in early 2012, Mithril defined a JORC Code - compliant Inferred Mineral Resource of 26.5Mt @ 0.57% copper, 0.05% cobalt from surface.
Drill testing at Basil has been conducted over 4km of the >10km long Basil mineralised trend and has intersected significant copper sulphides (chalcopyrite) in the majority of drill holes. Better intercepts include 85.7m @ 0.51%Cu, 0.06%Co from shallow depths and mineralisation remains open in all directions.
Narrow high grade copper (up to 3.4%Cu) has also been intersected at the Manuel Prospect located approximately 5km east of Basil where drilling confirmed the presence of massive sulphides down-dip of outcropping gossans. Ground geophysical surveys have identified further targets that remain to be tested at Manuel."
MTH Price at posting:
0.8¢ Sentiment: None Disclosure: Held
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