Havilah announced that it proposes to proceed with the open cut mine development of the Portia gold deposit in Australia in 2011, subject to receiving final operating permits and organizing appropriate finance to cover the capital and initial overburden removal costs.
Havilah Resources NL announced that, as part of ongoing pre-feasibility studies, its geologists have generated a geological model of the North Portia deposit, South Australia. The company also announced combined indicated and inferred resource of 11.3 M t of 0.89% copper, 0.64 g/t gold and 500 ppm Molybdenum.
Havilah Resources NL reports it has recently completed a 3,200 metre air core drilling program, comprising 27 shallow holes at the North Portia copper-gold-molybdenum project in South Australia. The drilling has returned several significant intersections, including 52 metres of 1.44% copper and 0.89 g/t gold in NPAC 39. The objective of the drilling program was to define a JORC resource for the previously incompletely drilled secondary copper sulphide mineralization at North Portia. Potential copper-gold ore from North Portia could provide supplementary feed to a mining operation at Kalkaroo in order to boost total copper and gold production.
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