Hannans Reward encounters high-grade Swedish gold

THE DRILL SERGEANT: Hannans Reward (ASX: HNR) has received assay results for the first two Reverse Circulation (RC) drill holes to be completed at the company’s 100 per cent-owned Pahtohavare project, located in northern Sweden.

Hannans considers the results from drilling at the Central Orebody confirm the high-grade nature of the copper-gold mineralisation close to surface.

Additional samples have been sent to the laboratory for assay and results are pending.

The two holes intercepted a 46 metre zone of copper-gold mineralisation; within which samples were collected as both individual one metre samples and four metre composite samples (i.e. a sample collected from four individual metres and sent for assay as a composite).

The assay results received for the 1m samples include:

–    10 metres at 3.62 per cent copper, 2.7 grams per tonne gold, 1.79 grams per tonne silver from 60 metres, including 4m at 5.14 per cent copper, 5.54g/t gold, 1.77g/t silver from 65m; and

–    14m at 1.47 per cent copper, 0.6g/t gold, 0.9g/t silver from 70m, including 3m at 4.52 per cent copper, 1.69g/t gold, 1g/t silver from 73m.

“The assays for the four metre composites have been received and they also contain copper-gold mineralisation,” Hannans Reward said inits ASX announcement.

“Individual one metre splits of each four metre composite sample have been collected and submitted for analysis.

“When assay results are received for these one metre samples – estimated to be in early August – the full 46 metre zone of copper-gold mineralisation will be reported.”