SULPHIDE MINERALISATION INTERSECTED IN EARLY DRILLING HAMMER HILL JV, NORTHERN TERRITORY Mithril Resources had advised Arafura Resources that the first drill hole in the Hammer Hill Joint Venture drilling program has intersected sulphide mineralisation. Drilling at Hammer Hill commenced in early-May 2008 (ARU: ASX 05/05/08) targeting priority airborne electromagnetic (VTEM) features considered to represent conductive nickel sulphide mineralisation. Mithril Resources and BHP Billiton can earn up to 70% interest in the Hammer Hill JV by spending $5 million over a 6 year period (Arafura to retain 30%). Drill hole HHDD001 was designed to test VTEM target IVT016 (Figure 1) in the south central part of the Hammer Hill JV tenements. Visual inspection of drill core from HHDD001 by Mithril geologists indicates a significant sulphide zone has been intersected from 341.75 metres to 348 metres down hole (6.25 metres wide). This zone contains copper-bearing sulphide as well as other sulphide minerals. Thin veins of sulphide mineralisation are evident in the drill hole at depths beyond 150 metres. Assays from drill hole HHDD001 are not expected for at least another four weeks. Drilling continues at the IVT016 target zone, and will be augmented by down hole geophysical targeting methods. The second drill hole in the program (HHDD002) will test a separate electromagnetic target 490 metres south of HHDD001.
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