viewHavilah Resources Ltd

Havilah Resources partners reveal wide copper intersection at Punt Hill

A wide 244-metre interval of anomalous copper mineralisation averaging 0.26% copper was detected.

Untested magnetic targets will now be prioritised

Havilah Resources Ltd’s (ASX:HAV) earn-in partners OZ Minerals Limited (ASX:OZL) and Red Metal Limited (ASX:RDM) maiden drill program at Punt Hill has returned anomalous copper mineralisation from the first hole into the PH1 target.

The PH1 target straddles the boundary of Exploration Licences 6014 and 6035 in South Australia.

The first drill hole lies just inside EL 6035 within metres of the boundary of EL 6014, which is held by Havilah (14.13%) and Red Metal (85.87%).

OZ Minerals entered into an agreement in 2017 to earn up to a 70% interest in Punt Hill, which is 42 kilometres south of OZ’s large Carrapateena copper and gold development.

Drill hole DD18PTH001 was directed towards the high-gravity portion of the anomaly and intersected meta-sediment rocks.

Notably, a wide 244-metre interval of anomalous copper mineralisation averaging 0.26% copper was detected throughout the meta-sedimentary rocks with one of the better zones returning:

• 35.0 metres at 0.6% copper from 841 metres, including 10.8 metres at 1.0% copper from 841 metres.

It is speculated that the magnetite and chlorite alteration together with the wide intervals of anomalous copper in DD18PTH001 may indicate a near-miss hole.

Further evaluation using deep penetrating electrical geophysics

Recent 3D modelling of the magnetic data highlights stronger magnetic material, possibly associated with better copper mineralisation, located a little further north of the DD18PTH001 drill trace that remains to be drill tested.

The common association of magnetic minerals such as magnetite and weakly magnetic hematite with the copper mineralisation at PH1 has important implications for future targeting in the joint venture area.

The use of deep penetrating electrical geophysical methods to prioritise the untested magnetic targets within the Punt Hill joint venture areas are being evaluated.

Quick facts: Havilah Resources Ltd

Price: 0.19 AUD

Market: ASX
Market Cap: $51.48 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Havilah Resources Ltd named herein, including the promotion by the Company of Havilah Resources Ltd in any Content on the Site, the Company...



Havilah Resources reports back on 'impressive grades' from recent drilling...

Havilah Resources Ltd (ASX:HAV) technical director Dr Chris Giles discusses with Proactive's Andrew Scott further gold assays from its shallow gold resource drilling within the confines of a conceptual starter open pit at West Kalkaroo in South Australia. He says drilling continues to produce...

on 28/4/20

2 min read