Mithril Resources Ltd. announced that a recently completed 2,524 metre first-pass aircore drill program has identified a new nickel sulphide prospect (Mexi) at the 100% owned Lignum Dam Project. At Mexi, 3 of 4 holes (KNAC030 to 033) drilled to test a surface nickel - copper geochemical anomaly have intersected a broad zone of anomalous nickel - copper - platinum + palladium (PGE's) within weathered ultramafic rocks adjacent to a steeply - dipping mafic contact, with the following significant intercepts returned; 36m @ 0.30% nickel, 294ppm copper, and 62ppb PGE's from surface in KNAC033, 40m @ 0.28% nickel, 348ppm copper, and 65ppb PGE's from 4 metres in KNAC032, and 16m @ 0.33% copper, 449ppm copper, and 68ppb PGE's from 8 metres in KNAC031. Within the intercepts, maximum values (for any individual 4 metre composite sample) are 0.57% nickel, 603ppm copper, and 119ppb PGE's. In addition to Mexi, there are also a number of other holes that ended in zones of gold anomalism and require further sampling and inspection to understand their potential significance, i.e.; 2m @ 0.167g/t gold from 40 metres in KNAC008, 4m @ 0.189g/t gold from 32 metres in KNAC017, and 3m @ 0.113g/t gold from 12 metres in KNAC038.