Havilah Resources has started drilling at the Lilydale iron ore project in South Australia with ten shallow percussion reverse circulation holes planned.
The holes will test the core of the large coincident gravity and magnetic anomaly associated with a poorly exposed portion of the Braemar Iron Formation.
According to Havilah Resources, the first hole intersected a 40m downhole width of iron and magnetite from which a surface sample containing 58.6% Fe has been previously collected.
The Lilydale project lies 50 km southeast of Yunta on the Transcontinental Railway, 200 km east of Port Pirie.
Havilah aims to become a significant producer of copper, gold, cobalt and molybdenum from its 100% owned Kalkaroo, Mutooroo and Benagerie projects, which are at an advanced stage of feasibility. It holds more than 6,500 km2 of surrounding tenements in the highly mineralized Curnamona Province of South Australia, where it maintains an active drilling program.
Deposits of iron ore, tin and hard rock uranium have been drilled, with good exploration upside.
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