Mithril Silver and Gold LimitedASX: MTH

Drilling identifies new nickel prospect at Lignum Dam

· Issued by Mithril Silver and Gold Limited

Filed with ASX · · 12 pages · English

Summary by 6ix AI

Mithril Silver and Gold Limited has released an update on drilling activities at the Lignum Dam Project, identifying a new nickel prospect named Mexi. The aircore drilling program has intersected significant zones of anomalous nickel, copper, and platinum group elements within weathered ultramafic rocks. The company plans to conduct a ground EM geophysical survey to further investigate the potential for nickel sulphide mineralization at depth. Additionally, other drill holes have shown zones of gold anomalism that will require follow-up sampling and inspection.

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