Lilydale iron ore project

Drilling has commenced at the Lilydale iron ore project, where up to ten shallow percussion holes are planned. These holes are designed to test the core of the large coincident gravity and magnetic anomaly associated with a poorly exposed portion of the Braemar Iron Formation. The first hole was collared on a low ironstone outcrop from which a surface sample containing 58.6% Fe was previously collected. The first hole intersected a 40m down hole width of iron rich, magnetite bearing material and remained in ironstone at the completion of drilling. Drill chip samples will be collected over meter intervals in each drillhole and composited for assay. The Lilydale iron ore projects lies 50km southeast of Yunta which is located on the Transcontinental Railway, some 200km east of Port Pirie, Australia. Aeromagnetic anomalies associated with magnetic ironstone indicate at least 20km of strike of the Braemar Iron Formation lie within Havilah’s 100% owned EL 3519.
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