Havilah Resources NL (ASX:HAV) Commenced A Ten Hole Percussion Drilling At Maldorky Iron Ore Prospect
Perth, July 26, 2010 AEST (ABN Newswire) - Havilah Resources NL (
ASX:HAV) has previously published encouraging metallurgical results for its 100% owned Lilydale iron ore project southeast of Yunta, that show the primary low grade iron ore can be beneficiated into a high iron, low impurity magnetite product. Similar results have now been reported by several junior companies, exploring in joint venture on various Braemar Iron Formation iron ore projects in northeastern South Australia. This is indicating an emerging potentially important new iron ore province that has appreciable resource potential in addition to favourable metallurgical characteristics for upgrading to a premium product, and proximity to rail and port facilities.
Havilah has a second 100% owned iron ore project in the region, namely Maldorky. It lies along strike from the Mutooroo iron ore project of the Minotaur-Sumitomo joint venture, where very encouraging drilling and metallurgical results have recently been reported. Havilah has commenced a ten hole percussion drilling program at the Maldorky project. This will allow a direct comparison of the potential of the Maldorky and Lilydale iron ore projects, and selection of the best targets for follow up diamond drilling for metallurgical samples.
Drilling so far has intersected magnetic siltstones of the Braemar Iron Formation where predicted from interpretation of aeromagnetic data. Sections and assay results will be reported in due course upon completion of the first round drilling program.
For the complete Havilah Resources announcement including Project Map, please refer to the following link:
http://www.abnnewswire.net/media/en/docs/63380-ASX-HAV-178864.pdf
About Havilah Resources Ltd
Havilah Resources Ltd (ASX:HAV) is a debt free South Australian gold producer having recently financed and developed its first gold mine at Portia in north-eastern South Australia. It plans to follow on with three copper-gold-cobalt mining developments at North Portia, Kalkaroo and Mutooroo, which are underpinned by a JORC resources mineral inventory of over 1.4 million tonnes of copper, 3.6 million ounces of gold, and 18,000 tonnes of cobalt.
| ||
|
