May 24, 2011 Presentation by Mithril Resources Ltd Managing Director Graham Ascough
Mithril Resources Ltd Managing Director Graham Ascough will today present an update on the Company?s activities/projects to the Resources and Energy Symposium in Broken Hill.
The presentation includes an outline of Mithril Resources? Huckitta project in the Northern Territory where an aggressive exploration program is now underway.
Drilling at Huckitta is progressing well however all assays are pending. Drilling results will be released to market once assays are received. In summary:
Huckitta Project, Northern Territory
? Mithril has two drill rigs on site: a diamond drill rig focused around the Basil prospect and an aircore drill rig drilling regional targets.
? Diamond drilling is progressing well with ~3500m completed at Basil to date (all assays pending).
? Regional drilling is in progress testing number of gold and nickel targets including Tibbs, Percy and Miggins (all assays are pending).
? New targets have been identified in the recently completed geophysical surveys. These surveys include: an airborne electromagnetic survey (VTEM), a ground electromagneticsurvey and a gravity survey.
MTH Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)