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Havilah discovers cobalt, gold potential at Mutooroo copper deposit

Havilah Resources Ltd.'s recent resampling of drill core from five historical Mutooroo diamond drill holes confirms that the current JORC-compliant inferred resource also contains appreciable cobalt and gold, in addition to copper.

Resampling of five deep core holes from the 1960's returned high grade cobalt up to 3,180 parts per million, and up to 3.8% copper and 1.7 g/t gold, according to the May 30 release.

CEO Walter Richards said that the new discovery is expected to "give a significant boost" to the upcoming resource estimate upgrade for the Mutooroo deposit in South Australia.