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Havilah Resources Ltd.
Summary
| Project: | Grants | |
|---|---|---|
| Deposit: | Grants | |
| Location: | Australia | |
| Commodities: | Iron | |
| Date: | 6/25/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-6-2019: Havilah Resources Ltd. announces an Exploration/Drilling Update report for its Grants deposit at the Grants project. Final lab assays give intersection of 488m @ 24.57% Fe from 126m. Havilah Resources Limited (Havilah) is pleased to report the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andrew Price (Internal) | |
| ABSTRACT: | Havilah Resources Limited (Havilah) is pleased to report the final laboratory assays, recently received, for diamond drillhole GBDD014 (refer Figures 1 to 3) completed at Havilah’s Grants Basin Iron Ore Project in January this year. The final calculated intersection of 488 m at 24.57% Fe (from 126 m to 614 m downhole) using laboratory assay data compares favourably with the previously announced indicative handheld Niton XRF results of 486 m @ 24.06% Fe (from 127 m to 613 m downhole) (ASX announcement of 29 January 2019). The diamond drillhole has provided the first interpreted full thickness intersection of the Grants Basin iron bearing sequence (Figure 3), as well as providing material for preliminary metallurgical testwork from this new discovery. It has also provided partial twinned drillhole assay data to allow comparison between the diamond core assays and the adjacent reverse circulation (RC) assays in hole GBRC008 (316 m total depth). Analysis of the relevant duplicated sections of the holes has shown excellent correlation between the two sample types with the GBDD014 drill core returning 186.5 m @ 25.95% Fe (from 129.5 m to 316 m) compared to GBRC008 RC samples returning 186 m @ 25.73% Fe (from 130 m to 316 m), representing a less than 1% difference in the laboratory Fe grades. | |
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