Havilah Resources has discovered a major new iron ore deposit in the Grants Iron Ore Basin in South Australia. A recently completed 13 hole, 3,510 metre reverse circulation (RC) drilling program successfully intersected consistently thick iron formation in multiple drill holes over an area of at least 3.5 km2 in the western part of the basin.
The drilling is part of a comprehensive program of work currently being performed and funded by SIMEC Mining as part of their due diligence investigation of the commercialisation potential of Havilah’s Maldorky and Grants iron ore projects. SIMEC Mining has exclusivity over the Maldorky and Grants projects through the end of 2018 and discussions regarding an extension have commenced.
The drilling program was planned and supervised by Havilah personnel, and carried out by Ausdrill using a large capacity RC drilling rig. Several holes were drilled to 316 metres depth (using the total of the available drilling rods) and still remained in the iron formation.
Commenting on the drilling results, Havilah’s technical director, Dr Chris Giles said: “The drilling program has confirmed the original exploration concept for the existence of a thick, relatively shallow, iron formation in the Grants Iron Ore Basin. We are grateful to SIMEC Mining for having the vision to fund the exploration drilling that has resulted in this major new iron ore discovery for South Australia.
“The beauty is that the deposit starts near surface, lies only 11 km from the Transcontinental Railway line and is just over a one hour drive from Broken Hill, which makes it uniquely favourable for development. At this stage we can only guess at the potential size of the deposit, but based on the thickness of the iron formation and its areal extent, it is apparent that there exists significant resource potential.”
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