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Havilah Resources Ltd.

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Summary

Project:

Portia

Deposit:Portia
Location:Australia
Commodities:Gold-Copper
Date:10/25/2017
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Active Mining & Production
Report details:25-10-2017: Havilah Resources Ltd. announces an Exploration/Drilling Update report for its Portia deposit at the Portia project. Drilling results incl. 6m @ 34.84g/t Au from 0m. Havilah Resources Limited plans to sequentially develop its portfolio of gold
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Chris Giles (Internal)
ABSTRACT:Havilah Resources Limited plans to sequentially develop its portfolio of gold, copper, iron, cobalt, tin and other mineral resources in South Australia. Our vision is to become a new mining force, delivering value to our shareholders, partners and the community. All gold assay results have now been received for an intensive drilling program recently completed in September in and around the Portia Gold Mine. The purpose was to provide better definition of remaining oxidised gold resources that may be recoverable from the open cut with mine design modifications, which are currently being assessed. A total of 66, mostly aircore (AC) holes, were completed for 3,166m. Drilling was conducted in two areas as shown in Figure 1. Pit Floor -20RL – A series of nominally 10m spaced, mostly vertical holes were drilled on the -20RL pit floor to provide better grade definition of ore mining blocks and to test interpreted high grade structures. Typical patchy high-grade gold mineralisation within a lower grade halo was intersected in oxidised and unoxidized (pyritic) strongly weathered basement (saprolite), with some of the higher grade results summarised in the following table Some of these intervals have been reassessed using Havilah’s sample washing process which involves producing a panned concentrate from the remaining bulk drill samples (generally 5-20 kg). The concentrate is then observed (the size and quantity of gold grains are recorded) and assayed and a bulk grade can be calculated to compare with the initial assay generated from the 1-3kg sub sample collected during drilling (i.e. conventional lab assay).

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