FORRESTANIA - GOLD
This Project Summary was last updated 2009-06-23 01:51:58.
The North Ironcap Gold Project is located in the Forrestania region of Western Australia, approx. 12km north of Western Area’s Flying Fox nickel sulphide deposit.
The North Ironcap Project (tenement M77/544 comprising 4.43 sq km) contains four occurrences of gold mineralisation in the southern portion of the project area that underwent considerable drilling, metallurgical test work and pit design work in the late 1990’s. Best intersections from previous RC drilling in this area included: 13m @3.88g/t Au from 26m; 23m @ 2.17 g/t Au from16m and 13m @ 4.89 g/t Au from surface.
NEWS FLOW...
March 4, 2010
Forrestania Project Update
- Ten new electromagnetic anomalies identified at Forrestania.
- At the Stormbreaker Prospect four new priority EM anomalies have been identified from a review of historical ground EM surveys and two high priority targets from the final VTEM interpretation (six in total).
- At both the Skeleton Rocks Prospect and the Lucy Rocks Prospect two new EM anomalies were identified from the final VTEM data interpretation (four in total).
- These ten "Phase Two" EM Targets will be refined with additional ground surveys as soon as possible.
- RC drill testing of the thirteen "Phase One" EM Targets is scheduled to commence in March 2010.
January 31, 2010
2nd Quarter Activities Report
Forrestania Project
- Helicopter geophysical (VTEM) survey at Stormbreaker
- Prospect successfully completed with anomalies generated
- Ground geophysical surveys commenced to follow up VTEM anomalies
- Settlement completed of additional ground at Stormbreaker Prospect
- Applications made for large landholding (called Skeleton Rocks) adjoining northern boundary of Stormbreaker
- Flora and fauna survey completed
- Next phase of RC drilling planned for current Quarter
- Subsequent to end of Quarter, experienced nickel consultant joins Forrestania Project exploration team
Lake Johnston Project
- High grade gold returned from 1 metre intervals confirms prospectivity for narrow high grade gold mineralisation
Queen Victoria Rocks Project
- Joint venture partner Vale completed six holes (mix of RC and diamond) testing nickel targets
Sunday Project
- Joint venture partner Triton Gold completed three diamond drill holes testing gold targets
Jigalong Projects
- Acquisition of aeromagnetic data to assist with gold and base metals exploration
- Manganese sale process deferred through to current Quarter (i.e. 3rd Quarter)
Corporate
- Warwick Resources Ltd shares converted into Atlas Iron Ltd shares following completion of Scheme of Arrangement
- Annual General Meeting completed and all resolutions passed
- Subsequent to end of Quarter, Mr Jonathan Murray appointed as non-executive director
December 7, 2009
Detailed EM surveys commence at Forrestania Project
- Ground fixed-loop electromagnetic (FLTEM) surveys have commenced
- Ground surveys to refine the 13 priority helicopter-borne anomalies (VTEM) recently indentified
- EM anomalies commence 7km north of Flying Fox nickel sulphide mine and continue over 14km strike length
November 26, 2009
Multiple EM anomalies identified at Forrestania Project
- Heli-borne geophysics (VTEM) has identified multiple, well defined and well located EM anomalies within the Forrestania Project
- Majority of the EM anomalies are located within the newly acquired Stormbreaker ground position (refer ASX release of 25 November 2009)
- Anomalies occur over an aggregate strike length of 14km
- Southern-most anomaly is located 7km along strike of the Flying Fox nickel mine
- Newly developed heli-borne geophysics (ZTEM) looking for deeper EM targets currently in progress
- Ground-based geophysics scheduled to commence at the completion of the ZTEM survey to generate drill ready targets
November 24, 2009
Hannans Secures prospective ground at Forrestania Project
- Forrestania Agreement with St Barbara Ltd and Kagara Ltd varied to provide Hannans with 100% interest in nickel rights - up from 85% - in return for Hannans assuming Kagara royalty and nickel treatment obligations.
- 100% ownership of nickel rights provides Hannans with various options to accelerate exploration activities over consolidated Forrestania project.
October 29, 2009
Forrestania Nickel & Gold Project Update
- Systematic approach to exploration strategy being undertaken over increasingly large Forrestania package
- New 100% Hannans tenement applications increase tenement package to 385km2 – refer tenement map attached
- Large regional helicopter-borne geophysical survey (VTEM and ZTEM) currently in progress
- Anomalous Nickel geochemistry identified from recent reverse circulation (RC) drilling
September 22, 2009
$5.5M Capital Raising Completed
- All recently announced capital raisings ($5.5 million total) now completed
- Tranche 2 Placement shares tradable from Tuesday, 22 September 2009
- Drilling for gold at Lake Johnston now completed, assays expected October
- Drilling for nickel at Forrestania in progress, assays expected October
- Drilling for nickel at Queen Victoria Rocks by joint venture partner Vale(www.vale.com) scheduled for early October
- Geophysical survey (VTEM) at Forrestania scheduled for early October
- Hannans in strong financial position with cash at bank in excess of $6 million and listed equities worth $13 million
September 14, 2009
General Meeting Presentation
General Meeting
14 September 2009
August 25, 2009
Gold Drilling at Lake Johnston Project
- Reverse circulation (RC) drilling has commenced at Hannans’ Lake Johnston gold project
- 25 RC holes for approximately 1,875 metres will be drilled to test a 2 kilometre long gold anomalous corridor that remains open at either end
- No drilling has ever occurred within the gold anomalous corridor currently being RC drill tested.
- Gold target based on anomalous gold results obtained by Hannans from soil sampling, lake sampling and rock chip sampling.
- Lake Johnston drilling is expected to be completed during September where after the rig will move to the Forrestania Project to test three geophysical targets prospective for nickel.
- Initial results from Lake Johnston are expected in October.
July 29, 2009
Hannans, Kagara, St Barbara Forrestania Agreement
- Hannans reaches conditional agreement with Kagara Ltd (ASX:KZL) and St Barbara Ltd (ASX:SBM) in relation to nickel & gold tenure at Forrestania
- Agreement provides Hannans with unencumbered 85% interest in highly prospective tenure within the world-class Forrestania nickel belt
- Tenure is considered to be underexplored and covers interpreted northern extension of western ultramafic that hosts high grade nickel mines and deposits including Flying Fox, Lounge Lizard & Spotted Quoll
- Ground position adjacent to Hannans’ existing Stormbreaker Project enables the first nickel and gold exploration program in more than 10 years to cover the full width of interpreted ultramafic
- Hannans to become controlling holder of northern extension of western ultramafic
April 30, 2009
3rd Quarter Activities Report
Jigalong Project-Manganese, Iron, Base Metals & Uranium
- Metallurgical test work on bulk surface manganese samples in progress
- New surface manganese prospect identified – Dead Camel Hill
- New possible channel iron-style mesa identified – Mesa 607 – assay 60% Fe
- Additional field reconnaissance of channel iron-style mesa to continue next week
Forrestania Project– Nickel Sulphides & Gold
- Approvals lodged to RC drill test geophysical targets – Stormbreaker
- Fixed loop geophysical survey completed – Beautiful Sunday West
- Auger soil sampling for gold in progress
Lake Johnston Project – Nickel Sulphides & Gold
- Auger sampling on Lake Johnston testing gold targets to commence in May
- 32 gold nuggets found on surface of Lake Johnston
- RC drilling planned for July to test onshore gold targets
- New tenement application increases strike length of prospective nickel ground
Queen Victoria Rock Project – Nickel Sulphides
- Vale farming-in to project
- Vale has reviewed Hannans existing data
- Field reconnaissance mapping has been completed
- Preparations made for completion of baseline environmental survey
Sunday Project– Gold
- AMF farming-in to project
- AMF to complete RC drill testing of gold targets in July
April 15, 2009
Shareholder update
- Takeover Bid
- Manganese & Iron
- Nickel
- Gold
April 22, 2008
Quarterly Report
RC drilling (8 holes) for gold at North Ironcap completed and preliminary results returned
More...January 31, 2008
Quarterly Report
Project area increased by 117km2 following application for additional tenement (100% Hannans) – refer attached location plan
Planning for 8 RC holes testing extensions of known gold mineralisation at North Ironcap in the 3rd Quarter completed
More...December 5, 2007
Forrestania Exploration Update
A reverse circulation (RC) drill rig is scheduled to return to the Forrestania Project in February 2008. The RC programme is being planned to test both nickel and gold targets
More...November 16, 2007
New Tenement Application At Forrestania
October 31, 2007
Quarterly Report
Results from the RAB drilling programme to test for northerly extensions to the known North Ironcap gold resources have been returned and indicate some potential for further gold mineralization within the ferruginous chert, which hosts the gold mineralization to the south. Reverse circulation (RC) drilling will be required to assess this target horizon further.
More...August 28, 2007
Exploration Update
RAB drilling has commenced to extend known gold mineralisation at North Ironcap
More...May 16, 2007
Exploration Update
The Company has recommenced gold exploration at Forrestania. Initially this comprises data review and field verification. It is anticipated that the first regional drill programme testing for gold mineralisation will commence early next Quarter.
More...May 4, 2007
New IP Anomalies Identified at Forrestania JV
January 15, 2007
Quarterly Report
Acquisition of 80% majority interest (up from 50%) in the Forrestania Project
IP survey planned for February to refine previously identified EM conductors at Stormbreaker North
EM surveys continuing this Quarter within Stormbreaker South
Exploration and / or resource drilling at North Ironcap, subject to government approvals
More...November 27, 2006
Hannans acquires 80% of Forrestania Project
Hannans Reward (ASX:HNR) has increased its interest in the strategically important Forrestania Joint Venture to 80%, following the acquisition of an additional 30% from Cullen Resources Ltd (ASX:CUL) for $250,000.
More...October 31, 2006
Forrestania Joint Venture Update
Further exploration for gold and base metals is planned at the Forrestania Joint Venture although no significant assay results were returned from the recently completed reverse circulation drill program.
More...October 11, 2006
Quarterly Report
Initial RC drill testing of EM targets completed, results pending
First drill programme at North Ironcap (gold) planned for 3rd Quarter
More...September 15, 2006
Drilling commences to test EM targets
August 24, 2006
Third EM conductor at Forrestania
The Forrestania Joint Venture (Hannans Reward 50% and Cullen Resources 50%) has recently completed a second ground geophysical (EM) survey at the Stormbreaker Prospect and has identified a third EM conductor.
More...July 11, 2006
Quarterly Report
Stormbreaker – identification of two separate, deep, late time ground geophysical anomalies which may indicate the presence of sulphides at depth; drill testing planned for August
Other – The Joint Venture recently made an application for a new exploration licence between the Stormbreaker and North Ironcap prospects, that will, subject to grant, extend and consolidate the Joint Venture's tenement package in the region (see Figure) to cover ~22km of highly prospective stratigraphy
More...April 20, 2006
3rd Quarter Activities Report
Forrestania (near Hyden, WA): acquisition of significant nickel and gold project
More...April 7, 2006
HNR completes purchase of Forrestania assets
