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HAV, HAVILAH RESOURCES NL
macduffy
post Posted: Jan 15 2017, 06:14 PM
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In Reply To: clark888's post @ Jan 15 2017, 09:48 AM

Thanks, clark, much appreciated.

Pretty comprehensive for "random thoughts"!

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clark888
post Posted: Jan 15 2017, 09:48 AM
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Shylock Prospect

Shylock is like Portia … but on steroids.

Anomalous gold mineralisation over a 2.5 kilometre strike length has been demonstrated by the Pasminco-Werrie Gold JV, via exploration drilling at Shylock prospect.

The gold rich Portia and Shylock represent the structural 'top' of the North Portia system that has been separated and offset by several hundred metres by faulting (Teale, 2006).

Within the bonanza veins at Portia and Shylock, gold occurs as primary grains (silver rich, with sulphide and anhydrite inclusions) that can be up to 1 cm in length.

Gravity Low
Exploration programs conducted by the Pasminco/ Werrie Gold JV were successful in the delineation of a highly significant primary mineralisation at Shylock, with exploration success attributed to the utilisation of regional datasets, followed by aggressive drilling of target areas around the Benagerie Dome.

The setting of the Shylock Prospect, in a gravity low, is comparable to that of Portia. Elevated gold values were often noticed at the Base of Tertiary (‘BOT’) position and there is considered to be good potential for a Portia style BOT gold deposit in a similar interpreted shallow bedrock depression at Shylock.

See Diagram 5 below (Source: 2nd last slide of presentation from, http://www.saexplorers.com.au/archive/2006/06havilah.pdf)

BEN677 Drill Hole
Significant gold and copper mineralisation in 36 of the 125 holes was reported by Pasminco/ Werrie Gold JV at Shylock, including the spectacular gold intersection reported in drill hole BEN677 of 23 metres @ 79.25 g/t Au from 90-113 (EOH) metres. But was not duplicated by any other holes in the near vicinity, other than BEN617 of 14 metres @ 3.21 g/t Au from 74-88 (EOH) metres.

The lack of repeatability remains unresolved at this time, but for the Pasminco/ Werrie Gold JV it may relate to:

(a) gold nugget sampling problems of the type experienced at Portia by Pasminco/ Werrie Gold JV; and/ or
(b) vertical grid (pattern) drilling undertaken.

Of particular interest is the fact that drill hole BEN677 hit a bonanza gold vein of 5 metres @ 356g/t Au.

In addition, within BEN677 there was significant silver of 5 metres @ 57 g/t Ag, along with anomalous lead.

Bit Refusal in Harder Rock
It should be remembered that the majority of the Shylock hits were only partially effective because of early bit refusal in harder rock because the Pasminco/ Werrie Gold JV only used Aircore ('AC') drilling not Reverse Circulation ('RC' ) percussion drilling. The holes were drilled to bit refusal, usually approximating the base of weathering or base of saprolite.

So it is highly probable that the above two holes that stopped End of Hole (‘EOH’) in mineralisation at Shylock (BEN677 and BEN617), continue on for many more metres past 113 metres and 88 metres respectively.

Targeted RC Drilling
In addition, the Shylock Prospect 'interpreted' mineralised contact zone had not been specifically targeted by the earlier vertical grid (pattern) AC drilling, and will be the focus of Havilah’s RC drilling program during the first quarter of the calendar year.

Havilah will target this lode gold target, including specifically re-drilling the northwest section passing through the bonanza drill hole (BEN677), and two sections lines 25 metres either side of it (see Figure 6 below from 11 January 2017 Havilah Resources Limited ASX release).

Conclusion
Combined with the widespread anomalous gold and lead in nearby drill holes, such as BEN677 (23 metres @ 79.25 g/t Au, including 5 metres @ 356g/t Au and 5 metres @ 57 g/t Ag), there is a high probability for a major gold resource at Shylock.

Drilling for these narrow but very high-grade gold veins has obviously been difficult and new structural interpretations by Havilah Management may aid in delineating known and additional vein systems.

At the Shylock Prospect, an updated Havilah Vulcan 3D model populated from earlier Pasminco/ Werrie Gold JV and Havilah drill holes shows the regional contact zone between the pyritic-albitite footwall and hanging wall pelite is the major control on the location of the gold mineralisation, as it is at Portia. Locally, this contact may be complex and upturned because of faulting.

Targeted drilling at Shylock during the next quarter has a very high chance of success (IMLTHO) given the drill hole database at Shylock to date, new structural interpretations by HAV Management, the updating of Havilah’s Vulcan 3D model and from the detailed knowledge of the BOT and bedrock gathered at the Portia Gold Mine. #

Cheers

These are only my random 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 expert


# Every hole that HAV drills, is another piece of the Benagarie Dome puzzle. As is mining the BOT and bedrock at Portia. Allowing HAV Management to further refine its Vulcan 3D model to target walk up targets, such as those at Shylock and Lorenzo.
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"The question is not what you look at but what you see." Henry David Thoreau 1851

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clark888
post Posted: Jan 6 2017, 10:56 PM
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Mutooroo’s published JORC resource has 17,500 tonnes of Cobalt.

Only approximately 700 metres of 2 kilometres of strike has been drilled to depth at Mutooroo. This is only due to a lack of funds. So there is plenty more upside.

The following table and graph, published today, show for ASX listed companies the ranking by contained cobalt metal:


Source: http://www.heronresources.com.au/downloads...r2017010602.pdf (page 4)

Cheers

These are only my random 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 expert
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"The question is not what you look at but what you see." Henry David Thoreau 1851

Said 'Thanks' for this post: nipper  
 
clark888
post Posted: Nov 1 2016, 10:50 AM
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Current HAV research reports available:

Phillip Capital
http://www.havilah-resources.com.au/wp-con...19_HAV_PCRR.pdf

12 month price target $1.10 per share.

"Over the coming months, HAV is expected to add significant value by delineating a mining inventory potentially three times (and possibly more) the original mineral resource that the decision to mine was based on."


Peter Strachan
https://stockanalysis.com.au/images/StockAn...gust%202016.pdf

"Havilah is a speculative buy with a medium term trading price target and base value of $1.08 per share and upside to $1.86 per share as [JORC] Resources move closer to Reserve status and to production."


Cheers

These are only my random 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



--------------------
"The question is not what you look at but what you see." Henry David Thoreau 1851

Said 'Thanks' for this post: nipper  
 
ellroy
post Posted: Oct 16 2016, 12:31 PM
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In Reply To: clark888's post @ Oct 6 2016, 09:13 PM

Thanks, had seen most of that.

Now just a question of waiting for the results of the recent bedrock drilling in Portia.

 
clark888
post Posted: Oct 6 2016, 09:13 PM
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View a synchronised power point and audio of the presentation given by Managing Director, Dr Chris Giles, at the RIU Resources Investor Roadshow.

https://www.youtube.com/watch?v=13X-jCLFXj4

Enjoy!

Cheers

These are only my random 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 expert



--------------------
"The question is not what you look at but what you see." Henry David Thoreau 1851
 


ellroy
post Posted: Sep 4 2016, 04:10 PM
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In Reply To: clark888's post @ Aug 23 2016, 02:32 PM

Thanks Clark,
I held these back in the day and have occasionally looked in.
Bought back in recently.

Short term the upside is the weathered bedrock under Portia.
I haven't been able to find a detailed report on all the drills that have intersected the bedrock.
Are they anywhere to be found?

The MD presents well, and he preserves capital and issue of shares. Reading between the lines he seems very optimistic about Portia.

I'm looking forward to the results of the bedrock drilling, it could make a major impact on Havilah and its ability to develop Kalkaroo in good time and without dilution.
Interesting times.


Said 'Thanks' for this post: nipper  
 
clark888
post Posted: Aug 23 2016, 02:32 PM
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In Reply To: clark888's post @ May 9 2016, 12:32 PM

"Note: HAV Management currently believes the primary bedrock copper-gold deposit to be North Portia. Careful logging of the ‘weathered’ graphitic pelite bedrock sequence in Havilah’s drill holes showed that there was a well defined stratigraphy that correlated with the sequence at the nearby North Portia copper-gold deposit.

Back in pre-history, HAV Management’s theory was the gold had eroded from the immediately underlying bedrock at Portia."



HAV Management has now come full circle!!

HAV Management is now telling shareholders that the gold in the Base of Tertiary ('BOT') layer sitting on top of the weathered bedrock has eroded from the immediately underlying bedrock at Portia.

Not a theory any more!

It is a fact because the HAV Geologists (including Dr Giles) can visually see it.

The 'elephant' is below the Portia Gold Mine: for me, the Portia Iceberg. smile.gif


My key extracts from the 2 August 2016 ASX release (IMLTHO the hidden gems) are:

A "Primary vein/replacement style bedrock gold mineralisation system confirmed in pit floor." [page 1, third bullet point].

"Considerable upside potential exists in the immediately underlying ancient Broken Hill age bedrock that is known to host a major gold mineralised replacement/ vein system, and which is considered to be the source of the gold resource currently being mined." [page 3]

"Experience tells us that such mineralised systems tend to be wide and strike and depth persistent." [page 2]

"It is satisfying to now have the indicative physical evidence before our eyes." [page 2]

Implications, IMLTHO

A. The bedrock gold target looks to be a lot longer than the current Portia open pit (the open pit is around 700 metres long). [See page 5]

It addition, the Portia bedrock gold target slopes away at approximate 35 degree angle, dipping east. [See pages 5 and 6]

I am hoping some of the current diamond drill holes are being drilled on that same 35 degree angle, so that they go along strike with the gold ore body ('weathered' bedrock and the bedrock).

B. The Portia Gold Processing Plant will need to be expanded (doubled or tripled in size??) to handle the potential increased gold ore volume from both the 'weathered' bedrock and the bedrock.


For me, once in a generation does a stock like HAV come along.

Cheers

These are only my random 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


P.S. Dr Chris Giles (a Geologist with North Flinders Mines Limited) was a key part of the small team that discovered The Granites and Callie gold mines in the Tanami Desert in the Northern Territory for North Flinders Mines Limited.

Adelaide based North Flinders Mines Limited was arguably the most successful junior gold resource company in the 1980-90’s.

For Dr Giles it would appear lightning has struck him twice in his lifetime.

Note: for those that are interested, the following link will take you to a write up on The Granites and Callie:

http://www.portergeo.com.au/database/minei...sp?mineid=mn225



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"The question is not what you look at but what you see." Henry David Thoreau 1851

Said 'Thanks' for this post: bg99  nipper  
 
bg99
post Posted: Aug 2 2016, 11:26 AM
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In Reply To: jacsar's post @ Jul 10 2016, 08:32 PM

good ann today up 30%, putting HAV back at lower end of range where it should be


 
jacsar
post Posted: Jul 10 2016, 08:32 PM
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In Reply To: clark888's post @ Jul 10 2016, 04:49 PM

Thanks for that ,good listening and reading...cheers

 
 


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