Hannans Reward uncovers copper-gold in historic drilling

THE DRILL SERGEANT: Hannans Reward (ASX: HNR) has completed a review of recently uncovered historic copper-gold drilling results from the company’s 100 per cent-owned Pahtohavare project, located in northern Sweden.

Highlights of the review include:

–    9.18 metres at 5.25 per cent copper and 0.23 grams per tonne gold from 115 metres;

–    46m at 1.1 per cent copper and 0.63g/t gold from 67.4m, including 13.95m at 2.2 per cent copper and 0.9g/t gold from 85.79m;

–    2.15m at 15.9 per cent copper and 7.7g/t gold from 117.69m; and

–    1.39m at 8.8 per cent copper and 4g/t gold from 128.4m.

Hannans explained its initial focus at Pahtohavare has been on the Central orebody, one of three orebodies situated within the project.

 

Drill profile 4 at the Central orebody of Pahtohavare. Source: Company announcement

 

“The significant historic drill intercepts demonstrated in drill profiles 4 and 5 confirm the shallow, high-grade copper-gold mineralisation at the Central orebody,” Hannans Reward said in its ASX announcement.

“The profiles also highlight areas of ineffective historic drilling close to surface and the potential for extensions of primary copper-gold mineralisation at depth.”

Hannans said it has validated 13 holes so far and is in the process of validating the remaining 37 holes at the Central orebody.

Once it has completed the Central orebody review, the company indicated its focus will move to reviewing the historic underground mining operations and potential for additional mineralisation at both the previously announced Southern and South Eastern orebodies.

Hannans Reward is aiming to combine the historic information with new data from its own exploration programs to generate drill targets for testing during 2013 and to aid in conversion of the existing JORC Exploration Target into a JORC Mineral Resource.