Hannans Reward encouraged by historic Swedish drilling assays

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THE DRILL SERGEANT: Hannans Reward (ASX: HNR) has received assay results from the last of the historic copper-gold intercepts from profiles 2 and 3 from the Central Orebody at the company’s 100 per cent-owned Pahtohavare project located in northern Sweden.

Hannans initial data interpretation has been focused on the Central Orebody, one of three orebodies within the Pahtohavare project.

Results included:

–    33 metres at 4.99 per cent copper and 5.84 grams per tonne gold from 6 metres, including 14.3 metres at 10.4 per cent copper and 13.3 grams per tonne gold;

–    23.6m at 3.8 per cent copper from 3.5m, including 2.95m at 26.9 per cent copper and 6.2 g/t gold; and

–    24.55m at 2.19 per cent copper and 0.54g/t gold from 62.45m, including 4.07m at 7.4 per cent copper and 1.2g/t gold.

According to the company the recently-analysed drill intercepts have highlighted broad, shallow zones of copper-gold mineralisation.

 

Historic drilling intercepts at Central Orebody. Source: Company announcement

 

Hannans has now validated all eight drill profiles from the Central Orebody, from which it says it has gained a much better understanding of the geology and controls on mineralisation, although the company also admitted further work is still required to fully understand the complexities of Pahtohavare project.

Drill planning and permitting is now underway for the Central Orebody where drilling will consist of both RC percussion drilling and diamond drilling.

Hannans said its focus would now shift to the data interpretation and validation from historical works at both the Southern and South-Eastern orebodies as well as the Eastern Zone where some 201 holes were drilled.

The Pahtohavare project is located eight kilometres south-west of Kiruna in northern Sweden, approximately 1,200 kilometres north Stockholm.

Copper mineralisation was first discovered at Pahtohavare in 1984 by the state-owned exploration company Swedish Geological AB and later mined by Finnish mining company, Outokumpu in 1984.

Three deposits were defined at Pahtohavare:

–    Central (oxide, carbonate and sulphide ore);

–    Southern (sulphide ore); and

–    South-Eastern (sulphide ore).

The combined JORC exploration target for Pahtohavare – incorporating the Central, Southern, South-Eastern and Eastern Zones is 4.8 to 6.2 million tonnes at 2 to 2.78 per cent copper and 1.23 to 2.23 grams per tonne gold.