Tuesday, August 7, 2012

Mithril Resources Ltd (ASX:MTH)

Drilling Underway at Illogwa Iron Oxide Copper Gold Target Area
· 3,800 metres of air core, reverse circulation and diamond drilling planned as first ever drill test of newly recognised Proterozoic copper – gold province
· Four priority drill targets comprising outcropping copper – gold mineralisation (rock chips up to 12.6% copper and 1.4g/t gold) to be tested first
· Diamond drilling co-funded (up to $100,000) by Northern Territory Government under Geophysics and Drilling Collaborations Program
· First results expected by late August 2012

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