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4th Quarter Activities Report
Forrestania Project - Nickel and Gold Queen Victoria Rocks Project - Nickel Summary of Activities
Hannans exploration activities are aimed at identifying an economic nickel sulphide deposit (internal target) in excess of 30Kt of contained nickel metal (i.e. stand alone operation) characterised by high tenor (i.e. the percentage of pentlandite relative to pyrrhotite)nickel sulphides. The target model is characterised by a small 'foot print' generally 200m to 300m in strike extent and 5m to 20m width but with a very elongated (+1km) linear down-dip extent. This makes exploration for such an ore body with surface EM methods technically challenging, particularly more so in a conductive environment.
QVR Nickel Project Update
- Three discrete moving loop electromagnetic (EM) anomalies identified from recently completed ground geophysical surveys.
- Ground EM anomalies coincident with helicopter borne VTEM anomalies and historical geochemical (nickel and copper) anomalies announced on 19 May 2010.
- EM and geochemical anomalies also located within favourable geological setting associated with ultramafic lithologies.
- Reverse circulation drill testing of nickel targets planned for current Quarter.
Forrestania Project Update
- A twelve hole reverse circulation (RC) drilling program has been completed for 2,446 metres.
- 1,114, auger samples,91soil samples, 12 rock chip samples, and 7 drill spoil samples were collected during the quarter.
- 19 line km’s of MLEM, and 2 line km’s of fixed loop TEM were completed during the quarter.
- Down-hole TEM has been completed on 10 holes.
- Drilling was targeting coincident VTEM and surface TEM anomalies which have been confirmed by the drilling to be conductive sedimentary units (BIF).
- Surface TEM traverses completed over the central ultramafic corridor has generated a TEM anomaly coincident with an historic soil anomaly PAC_007.
- Hannans auger sampling has been processed resulting in two priority anomalies being generated over the western ultramafic contact position (EMT5 Prospect).
- Geological interpretation of the Beautiful Sunday West (BSW) prospect has indicated that the stratigraphy, which is host to the Beautiful Sunday (disseminated) and Flying Fox (massive) deposits (both owned by Western Areas Ltd), is structurally repeated to the west and may extend into the Hannans tenements in this area.
Appointment of Exploration Manager
- Mr Don Huntly appointed Exploration Manager
- Mr Huntly’s background includes Chief Exploration Geologist for Xstrata Nickel Australasia (October 2008 – December 2009), District Exploration Manager for Jubilee Mines NL (February 2004 – October 2008) and Exploration Project Manager for Goldfields of South Africa
- Mr Huntly’s nickel experience will add significant value to Hannans’ nickel sulphide exploration projects at Forrestania, Lake Johnston and Queen Victoria Rocks
Forrestania Exploration Update
You are welcome to listen to an audio broadcast with Mr Damian Hicks, Managing Director titled "Forrestania Project Exploration Update" which provides insights to the following issues:
- Drill holes completed and how many more in the current program
- Other exploration activities in Forrestania
- Reason for delay in drilling program
- Future drilling program - Phase 2
- Finance at Hannans Reward
- Comments to the Rudd Government's super profit tax
To listen, please click here.
Boardroom Radio Broadcast - QVR Nickel Project
Queen Victoria Rocks Nickel Project
Hannans Reward will recommence nickel sulphide exploration at its 100% owned Queen Victoria Rocks project located 30 km west of Coolgardie in the Goldfields region of Western Australia.
- QVR Nickel Project, one of three prospective, well located nickel sulphide projects in the Hannans portfolio
- Ground based electromagnetic (EM) survey to commence shortly at 100% owned QVR project
- EM survey designed to follow up airborne EM (VTEM) anomalies generated by Hannans during 2008
- 2008 EM anomalies coincident with geochemical anomalies generated by previous explorers during 2005
- Subject to outcome of ground EM survey and field verification of historical sampling, drill testing of nickel targets will commence
Forrestania Nickel Project Update
Reverse Circulation (RC) drilling of Phase One nickel targets has commenced.
3rd Quarter Activities Report
Forrestania Project – Nickel & Gold
- Government approvals process delays RC drilling (originally scheduled to commence mid March 2010)
- All required approvals now received, drill pads and access pads cleared, drilling scheduled to commence early May
- Final processing & interpretation of helicopter borne VTEM survey produces additional electromagnetic (EM) anomalies at Stormbreaker*, Skeleton Rocks and Lucy Rocks Prospects
- Review of historical ground geophysical surveys identifies 5 new EM anomalies located within Stormbreaker Prospect Ground EM surveying of these 5 new EM anomalies produces 8 new RC drill targets
- Multiple tenement applications made
- Field reconnaissance of newly applied for tenements confirms the presence of prospective ultramafic stratigraphy
- Anomalous rock chip returns values including: 1055ppm Ni, 529ppm Cu, 1360ppm Cr and 35ppb Pt
Lake Johnston Project
- Review of historical ground geophysical surveys identifies 3 new EM anomalies
- Follow-up ground geophysical surveys to be completed during May
Queen Victoria Rocks Project
- Hannans/Vale joint venture comes to an end
- Hannans retains 100% of project and will review data before planning next phase of exploration
Jigalong Project
- 370 surface samples collected
Sunday Project
- Results pending from three diamond drill holes completed by joint venture partner
Highly Prospective New Ground Position Added at Stormbreaker Prospect
- Highly prospective new ground position secured by prospecting licence applications (100% Hannans) at the Stormbreaker Prospect
- Detailed review of geology geophysics and geochemistry has commenced
- Subject to grant of the tenements (estimated within three months) field work to test nickel targets will commence
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