Can Mingary’s Expanding Lode Deliver on Havilah’s Growth Ambitions?

A New Milestone at Mingary Mine

Havilah Resources Limited has unveiled assay results from its latest drilling campaign at the Mingary Mine prospect in northeastern South Australia, marking the widest mineralised intercept recorded at this site. The standout drillhole, MNRC013, returned a 49-metre intersection averaging 0.69 grams per tonne (g/t) gold and 0.33% copper, including higher-grade zones within that interval. This achievement not only sets a new benchmark for the project but also reinforces the prospect’s growing significance in Havilah’s portfolio.

Expanding the Geological Footprint

The drilling program, comprising 12 reverse circulation holes totaling 1,764 metres, has delineated a quartz-sulphide lode extending over at least 3 kilometres of strike length. This continuity, confirmed by both recent and historical drilling, suggests a structurally controlled mineralisation system with substantial scale. The mineralised zone remains open both along strike and at depth, offering considerable upside potential for resource expansion.

Supergene Enrichment and Processing Prospects

Importantly, the mineralisation includes zones of oxidised rock near surface, which may host supergene enriched gold and copper. Such enrichment could enhance the economic viability of the deposit by improving metal recoveries. Havilah’s Technical Director, Dr Chris Giles, highlighted that the width and continuity of the lode could provide a meaningful volume of sulphide ore feed for a potential central processing hub at the nearby Mutooroo copper-cobalt-gold project, streamlining future development efforts.

Building on a Track Record of Positive Results

This latest batch of results builds on encouraging intersections reported in previous drilling campaigns, including significant gold and copper grades from holes drilled in 2023 and earlier this year. The consistency of mineralisation across multiple drillholes underscores the prospect’s promise and supports ongoing exploration activities aimed at defining a robust resource base.

Looking Ahead

While the current findings are promising, Havilah has indicated that further drilling will be necessary to fully understand the extent and grade continuity of the mineralised system. Future programs will focus on testing lateral and depth extensions, subject to budget and rig availability. Investors and analysts will be watching closely for updates that could clarify the deposit’s potential contribution to Havilah’s growth strategy.