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Havilah Resources Ltd.
Summary
| Project: | Portia | |
|---|---|---|
| Deposit: | Croziers | |
| Location: | Australia | |
| Commodities: | Gold-Copper-Rare Earth | |
| Date: | 1/7/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 7-1-2020: Havilah Resources Ltd. announces an Exploration/Drilling Update report for its Croziers deposit at the Portia project. Re-assaying of drill samples gives elevated levels of REE. Havilah Resources Limited (Havilah or Company) re-assaying of selec | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Chris Giles (Internal) | |
| ABSTRACT: | Havilah Resources Limited (Havilah or Company) re-assaying of selected retained drill samples from the Kalkaroo copper-gold-cobalt deposit and the Croziers copper prospect has confirmed elevated levels of REE as highlighted in the 2019 AGM Technical Review presentation (refer to ASX announcement of 18 December 2019, slide 15). Most historic exploration in the Curnamona Craton has been directed at base metal, uranium and gold mineralisation, meaning that REE were not routinely assayed. Given the current strategic importance of REE, study of the REE distribution and grade across Havilah’s deposits and prospects is warranted due to the potential opportunity to enhance the deposit and/or project economics. Two copper-gold mineralised reconnaissance aircore drillhole samples, recently re-assayed from West Kalkaroo, show elevated levels of higher value REE, namely Nd, Pr, Dysprosium (Dy) and Terbium (Tb), as summarised in Table 1 below. These four REE make up approximately 80% of the potential value of REE in the two drill samples, which are from the soft clayey saprolite gold ore at West Kalkaroo. The levels of these REE in the underlying copper ore types (e.g. native copper, chalcocite and chalcopyrite) is yet to be determined, although it is noted that previous limited La assay values were generally elevated. | |
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