EL 28335 Albarta Bore Year1 Annual report for the period 4 July 2011 to 3 July 2012

Abstract

Mithril first applied for the ground with a view to explore for Nickel sulphide deposits whilst remaining open minded to opportunities provided by other commodities. Work completed during the reporting period included: Historical data compilation; 140 float and rock chip samples; 416 soil samples; Ground Gravity Survey, 495 gravity stations on 38 lines; and an Airborne Magnetic Survey - 206.6km2 area surveyed. Work completed during the reporting period has identified significant geochemical and geophysical anomalies from both the gravity and magnetic surveys which will continue to be followed up with geological field mapping and sampling. Reverse circulation and aircore drill programs are also planned to target geophysical anomalies and outcrop locations of interest.