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Havilah Resources Ltd.
Summary
| Project: | Mutooroo | |
|---|---|---|
| Deposit: | Mutooroo | |
| Location: | Australia | |
| Commodities: | Gold-Copper-Cobalt | |
| Date: | 5/30/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-5-2018: Havilah Resources Ltd. announces an Exploration/Drilling Update report for its Mutooroo deposit at the Mutooroo project. Old drillholes, new assays results incl. 17.1m @ 1.66% Cu, 0.16% Co, 0.18g/t Au from 162.0m. Havilah Resources Limited (Hav | |
| Resources: | (Resource, Total): 0.60Mt @ 0.56% Cu, 0.040% Co, 0.08g/t Au | |
| CP/QP: | [Overall Report]: Chris Giles (Internal) | |
| ABSTRACT: | Havilah Resources Limited (Havilah) is pleased to report assay results from recent resampling of drill core from five Mutooroo diamond drillholes completed by Mines Exploration (MEPL) in the 1960’s, that were retained in the Department for Energy and Minerals South Australia Drill Core Reference Library in Adelaide. Originally, these holes were only assayed for copper and the present resampling and multi-element analysis of the available massive sulphide intervals has defined new cobalt and gold intersections that include: The mineralisation in these holes is mostly typical Mutooroo style, coarse-grained, massive sulphide breccia, consisting of 60 - 80% pyrrhotite (iron sulphide, Po) with, on average, 5% chalcopyrite (copper iron sulphide, Cpy) and 5% pyrite (iron sulphide, Py) along with typically 10 - 30% rounded quartz or altered host rock clasts. The width of mineralisation varies from less than 1 m (e.g. DDMM27A) to more than 17 m (e.g. DDMM21A). There is a relatively good correlation between the original MEPL copper assays and the new copper assays. The massive sulphide intervals all returned high cobalt results with individual samples returning values up to 3,180 ppm (0.32%) as is typical of the mineralisation intersected at shallower levels by Havilah. Of additional interest is the locally higher gold results, particularly in DDMM7 which returned consistently elevated gold results over the 9.4 m interval with individual results ranging up to 1.69 g/t gold. Commenting on the results of the resampling of deep core holes from Mutooroo, CEO, Mr Walter Richards said: ”These resampling results conclusively confirm that the earlier deeper sulphide intersections comprising the current Inferred copper resource also contain appreciable cobalt and gold. “The mineralogy and grades of mineralisation are typical of the upper parts of the Mutooroo Measured and Indicated sulphide resource defined by Havilah’s drilling. “We expect that incorporation of these results should give a significant boost to the total JORC cobalt resources contained in the forthcoming upgraded resource estimate for the Mutooroo deposit”, he said. | |
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