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Havilah Resources (ASX: $HAV) discovers high grade copper at eurinilla dome

Havilah Resources (ASX: $HAV) reports high grade copper discovery


Havilah Resources Limited (ASX: $HAV) has announced the discovery of high grade copper mineralisation at the Eurinilla dome, located 36 km north of the Kalkaroo deposit in the Curnamona Province of northeastern South Australia. The drilling results from the reverse circulation (RC) drillhole EURC010 on the western flank of the Eurinilla dome revealed 32 metres of 1.96% copper and 0.84 g/t gold from 133 metres, including 8 metres of 6.38% copper and 2.72 g/t gold from 136 metres.

Executive Commentary on Eurinilla Dome Drilling Results


'Previous drilling had established widespread stratabound primary copper sulphide and gold mineralisation in the shallow dipping flanks of the Eurinilla dome, but grades have generally been sub-economic. The idea of targeting where the primary mineralisation has been substantially enriched by natural weathering processes is novel for this prospect and is supported by the results of our test-of-concept RC drillhole EURC010 reported here. It highlights the exploration possibilities for a secondary copper mineralisation blanket extending for more than 20 km around the circumference of the Eurinilla dome. Our exploration results reported from Eurinilla dome and elsewhere during the last twelve months confirm the high prospectivity of the Curnamona Copperbelt region for new discoveries within potential economic trucking distance of the Kalkaroo deposit.' - Dr Chris Giles, Technical Director, Havilah Resources Limited

Summary of Havilah Resources' Discovery


Havilah Resources Limited (ASX: $HAV) has reported the discovery of high grade copper mineralisation at the Eurinilla dome, demonstrating the potential for a large high grade copper exploration opportunity. The drilling results from the RC drillhole EURC010 revealed 32 metres of 1.96% copper and 0.84 g/t gold, including 8 metres of 6.38% copper and 2.72 g/t gold. This discovery, along with other encouraging intersections reported from five other prospects in the last twelve months, highlights the exceptionally high copper discovery potential of Havilah's tenements. The company's exploration results confirm the high prospectivity of the Curnamona Copperbelt region for new discoveries within potential economic trucking distance of the Kalkaroo deposit. Havilah's geologists consider this outcome to provide critical support for the exploration concept and the enhanced prospectivity of the Eurinilla dome as a potential source of high-grade secondary copper mineralisation.

HAVILAH RESOURCES LIMITED
HAV | ASX | Materials
0.2050.01(+5.13%)
At close 05/07 (AEDT)
Market cap
$61.7M
Volume
498,817
DY Yield
0
PE Ratio
22.78
52 Week Range
0.135 - 0.31
1YR Return
-15.001%

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