ICYMI, at the 4.40 minute mark on the above YouTube video Dr Giles mentioned Havilah's plan to drill the highly prospective Birksgate IOCG prospect, situated north of Portia, where MMG Exploration Pty Ltd intersected ore grade copper mineralisation.
Birksgate IOCG Prospect in South Australia (owned 100% by Havilah)
During 2014, MMG's diamond drillhole BRK14DDOO1A discovered new copper mineralisation of 10.9 metres @ 0.84% Cu, 0.64 g/t Au, 5.4 g/t Ag, 493 ppm Mo and 186 ppm U from 209.5 metres.
The target was an undrilled 600 metre long magnetic anomaly lying some 200 metres beneath younger cover rocks, and there are a number of similar magnetic anomalies yet to be drilled.
This drilling was in the same region where MMG intersected hematite alteration that is typically associated with hydrothermal brecciation.
Such features are commonly observed in the alteration zones marginal to IOCG deposits, for example in the vicinity of the Olympic Dam deposit.
Anomalous uranium and light rare earth element association in one of the drillholes supports the IOCG association.
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
HAV Price at posting:
24.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)