Hannans Reward resplits assays and resizes gold intersection

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THE DRILL SERGEANT: Hannans Reward (ASX: HNR) has revisited drilling results from the company’s 100 per cent-owned Pahtohavare project, located in northern Sweden.

In July the company reported initial one metre split assay results from samples where oxide copper mineralisation was observed.

Since then it has collected four metre composite samples throughout parts of the host unit which did not show visible copper mineralisation.

Where four metre composites returned values greater than 0.1 per cent copper, corresponding one metre splits were subsequently submitted for assay.

Hannans has now received assay results for re-split one metre assay results.

The company said the latest results confirm a 44m zone of copper-gold mineralisation was intercepted across holes PARC13002 and 13002B.

The initial reported intercept was 10m at 3.6 per cent copper, 2.7 grams per tonne gold and 1.8 grams per tonne silver from 60m in PARC13002.

The results included:

–    30m at 1.56 per cent copper, 1.16g/t gold, 1.12g/t silver from 40m (PARC13002); plus

–    14m at 1.47 per cent copper, 0.6g/t gold, 0.9g/t silver from 70m (PARC13002B).

This includes high-grade intercepts of:

–    4m at 5.14 per cent copper, 5.54g/t gold, 1.77g/t silver from 65m (PARC 13002); and

–    3m at 4.52 per cent copper, 1.69g/t gold, 1g/t silver from 73m (PARC13002B).

“It is important to note that drill holes PARC13002 and PARC13002B were started from the same point on the surface,” Hannans Reward said in its ASX announcement.

 

Drill Profile C showing assay results for PARC13002/PARC13002B. Source: Company announcement

 

“The first hole (PARC13002) was terminated at 70 metres due to difficult drilling conditions.

“The second hole (PAR C13002B) was cut below the casing at 24 metres before ending at 136 metres.

“The first hole was sampled from 0 to 70 metres and the second hole was sampled from 71 to 136 metres.

“Down hole surveying showed the dip of the second hole to be the same as the first; the second hole has deviated laterally to the north by a few metres only.”

Hannans is now waiting on assay results for the balance of drill holes completed at the Central Orebody in July 2013; a total of eight RC holes have been completed to date.