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Havilah Resources Ltd.
Summary
| Project: | Portia | |
|---|---|---|
| Deposit: | North Portia | |
| Location: | Australia | |
| Commodities: | Gold-Copper | |
| Date: | 5/15/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 15-5-2018: Havilah Resources Ltd. announces a Resource Estimation report for its North Portia deposit at the Portia project. Upgraded mineral resource estimate at the project. Havilah Resources Limited (Havilah) is pleased to report that it has updated th | |
| Resources: | (Resource, Total): 12.466Mt @ 0.81% Cu, 0.60g/t Au, 452ppm Molybdenum | |
| CP/QP: | [Resources]: Chris Giles (Internal) | |
| ABSTRACT: | Havilah Resources Limited (Havilah) is pleased to report that it has updated the supergene copper-gold resource at North Portia as a result of three separate rounds of resource infill drilling over the last two years, with the addition of 56 new aircore (AC) and reverse circulation (RC) drillholes. The objective was to improve confidence levels in the upper part of the resource that lies within the five year conceptual open pit mine plan and to quantify the cobalt resource present. This corresponds to the top 150 metres of the deposit to approximately the base of weathered rock (Figure 1). The new resource estimation incorporates assay data and logs for 168 Havilah drillholes totaling 21,309 metres and 128 Pasminco drillholes totaling 20,434 metres. Average drillhole spacing for the resource approximates 25 metres x 25 metres. North Portia is on the same mining lease as Portia and the existing Portia infrastructure, processing plant, and mining partner (Consolidated Mining and Civil Pty Ltd (CMC), positions the project for a natural extension without having a significant impact on Havilah’s ability to advance its higher priority Kalkaroo and Mutooroo projects. An upper oxide gold zone that comprises completely weathered and oxidized material. The new Inferred Resource estimate for this zone is 490,000 tonnes @ 1.17 g/t gold for 18,400 ounces of gold (applying a lower cut-off of 0.5 g/t) and is estimated in accordance with the JORC 2012 code. The Inferred Resource category reflects the variability in shape and grade of this material between drill section lines. | |
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