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Havilah Resources Ltd.
Summary
| Project: | Portia | |
|---|---|---|
| Deposit: | Croziers | |
| Location: | Australia | |
| Commodities: | Gold-Copper | |
| Date: | 4/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 18-4-2017: Havilah Resources Ltd. announces an Exploration/Drilling Update report for its Croziers deposit at the Portia project. Drilling results incl. 20m @ 0.54% Cu from 75m. Havilah Resources Limited (“Havilah” or “Company”) is pleased to report first | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Dr. Chris Giles (Internal) | |
| ABSTRACT: | Havilah Resources Limited (“Havilah” or “Company”) is pleased to report first assay results from its PACE (Program for Accelerated Exploration) supported drilling program at the Croziers copper prospect 100 km northwest of Broken Hill. These results confirm the presence of a shallowly east-dipping, depth persistent copper mineralised horizon. Croziers prospect lies approximately mid-way between Havilah’s Kalkaroo and North Portia copper-gold deposits and is interpreted to be hosted by the same regional mineralised horizon. Havilah’s five shallow reverse circulation drillholes successfully tracked the copper mineralised horizon over 200 metres down-dip, and it potentially extends at least a further 270 metres down-dip to the previous MMG intersection. Commenting on these results, Havilah Managing Director, Dr Chris Giles, said: “We have found shallowly dipping copper mineralisation over a down-dip extent of potentially more than 400 metres, thus confirming our original exploration thesis in drilling these holes. “The copper horizon is sufficiently thick to be of economic interest for an open pit mine in the upper parts. “The associated tungsten mineralisation seen in these and a number of nearby drillholes is also potentially economically significant when combined with the copper mineralisation. “Given the 50 metre wide spacing of drillholes and lack of previous reverse circulation drilling there is plenty of room for a sizeable copper-tungsten deposit, which we will follow up with further drilling in due course. “Croziers lies roughly 10 km north of Kalkaroo within short trucking distance, which will enhance its development prospects even for a modest size deposit, given the shallow cover in this area. “We are most grateful for the practical support provided by our State government’s PACE initiative” he said. | |
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