gosilversovereign.info on bhp please, page-13

Not holding Mithril, but am holding Thor.

This is Mithrils release today for Hammer Hill, near Harts Range. Also shows some images (not included in this posting)

Potentially anomalous nickel and copper.

Cheers
OG


MAY 20, 2008
ASX RELEASE
DRILLING AT HAMMER HILL INTERSECTS SULPHIDE
MINERALISATION
Mithril Resources Ltd is pleased to advise that the first drillhole on the Hammer Hill Joint Venture has intersected a 6.25 metre (‘m’) interval of stringer and disseminated
sulphides from a downhole depth of 341.75m (hole drilled at -60º). The interval includes narrow intervals (up to 15 centimetres (‘cm’)) of massive sulphides.

Diamond drillhole HHDD001 was targeted to test IVT016, a high electrical conductance bedrock feature that was identified by the recently completed ground
electromagnetic (“EM”) surveys.

After passing through thin alluvial cover, the drillhole intersected a sequence of predominately metasedimentary rocks. Thin silica-carbonate-chlorite veins often
containing sulphide mineralisation are present from the top of bedrock and become more prevalent beyond a depth of 150m. At 341.75m, a 6.25m interval containing 15%-20% sulphide mineralisation with thin bands of massive sulphides was intersected. The copper-bearing sulphide, chalcopyrite, was observed in the drillcore
along with significant amounts of pyrrhotite and lesser amounts of pyrite.

Preliminary spot testing using a handheld XRF analyser on vein mineralisation above the main
mineralised zone indicated anomalous nickel and copper values. These need to be confirmed by conventional assaying results which are expected in four weeks time.
Drilling continues on the project and several priority electromagnetic targets similar to that tested by HHDD001 remain to be drilled. Drillhole HHDD002 will be positioned
490m south of HHDD001 and will test a separate electromagnetic target.

Downhole electromagnetic surveys will be completed in HHDD001 to assist in targeting
potential extensions of the intersected mineralisation.
The Company is very pleased with this early success and feels it provides a strong endorsement of its interpretation of the prospectivity of the area and of its exploration approach. Mithril looks forward to further positive results from the ongoing drill
program.

The Huckitta Project is located 250 kilometres (‘km’) northeast of Alice Springs and is comprised of four separate joint ventures covering some 5,070km2 of prospective ground (Figure 1). The Huckitta region is relatively under-explored and has several key characteristics that are considered favourable for the formation of magmatic nickel sulphide deposits. At Hammer Hill, BHP Billiton and Mithril may earn up to a
70% interest in the tenements held by Arafura Resources Limited (joint venture details are provided in the ASX Announcement lodged on December 3rd, 2007).
Graham Ascough
Managing Director
Mithril Resources Ltd
For more information on the company visit www.mithrilresources.com.au