Lake Johnston
This Project Summary was last updated 2009-06-23 01:46:40.The Lake Johnston Project (formerly Maggie Hays South) is located west of Norseman, Western Australia in the Lake Johnston region.
The project has potential for a gold, copper-molybdenum-gold and nickel sulphide styles of mineralisation.
All tenements and applications are 100% owned by Hannans Reward Ltd or are in joint venture (90% Hannans).
Adjoins ground owned by Russian mining giant Norilsk.
Is 50kms (approx) south of the Emily Ann and Maggie Hays nickel mines.
NEWS FLOW...
January 31, 2010
Lake Johnston Gold Project
- The Lake Johnston Project has the potential to host significant narrow, high grade gold mineralisation along a 25km corridor of prospective ground.
- At the Ernest Prospect, recently returned assays from Hannans’ drilling included 2m @ 6.3g/t gold and 60.3g/t silver from within 8m @ 1.9g/t gold and 20.4g/t silver (LJRC021) and 4m @ 1.8g/t silver from 4m (LJRC020)
- Gold and silver mineralisation at Ernest remains open to the north.
- At the Mt Gordon Prospect, historical intercepts include 5m @ 7.1g/t gold from 24m and 2m @ 6.9g/t gold from 70m
- Hannans’ is planning additional gold exploration activities at both the Ernest and Mt Gordon Prospects.
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
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.
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
March 25, 2009
Lake Johnston Major Exploration Project
- The Lake Johnston Project is now a major multi-commodity exploration project.
- New tenement application substantially increases strike length of ground prospective for nickel sulphides to over 10km.
- Heritage approvals for Lake Johnston recently granted enabling further exploration for copper-molybdenum-gold mineralisation to commence on the lake.
- Project renamed the Lake Johnston Project (formerly Maggie Hays South) due to its increased potential and size (now 203km2).
July 16, 2008
Fourth Quarter Activities Report
Heritage approvals have been lodged with the Department of Indigenous Affairs to conduct exploration activities on Lake Johnston. The Company is aiming to commence first pass exploration drilling on Lake Johnston to determine the extent of the projects potential to host a copper-molybdenum-gold system.
More...April 22, 2008
Quarterly Report
Strike extensions of the copper-molybdenum-gold anomalism confirmed by a soil sampling programme completed during Quarter
Encouraging platinum group elements returned from a rock chip programme completed during Quarter
More...January 31, 2008
Quarterly Report
High gold values returned from rock chip sampling
Project area increased by 137km2 following applications for additional tenements (100% Hannans)
Field visits aid geological interpretations for potential gold-copper-molybdenum systems completed
More...December 20, 2007
Maggie Hays South High Gold Values
October 11, 2006
Quarterly Report
Soil sampling planned for October, results anticipated 2nd Quarter
More...July 11, 2006
Quarterly Report
Independent review concluded that significant nickel potential (coincident geophysical and geochemical anomalies) remains to be tested with drilling
More...April 20, 2006
3rd Quarter Activities Report
Maggie Hays South (near Norseman, WA): 5,000 metres of drilling recently submitted for gold analysis with results pending
More...January 12, 2006
Quarterly Report
Hannans Reward to commence gold and nickel exploration at Maggie Hays South (near Norseman, WA)
More...April 4, 2005
MHS Drilling EM Surveys
February 18, 2005
MHS drilling commences
January 18, 2005
Quarterly Report
Widespread anomalous nickel was returned from drilling at MHS, with high grade nickel values returned including 3.02% nickel
MHS is located approximately 25km south of LionOre Australia Pty Ltd’s Maggie Hays and Emily Ann nickel mines
Drill intercepts included 6 metres @ 2.07% nickel (from within 11 metres at 1.45% nickel) and 43 metres at 0.56% nickel
Two strong electromagnetic conductor bodies were also identified which may represent deeply buried bodies of massive nickel sulphides
Diamond drilling and downhole electromagnetic surveys will commence in early February to test the widespread anomalous nickel values and the conductors
More...December 22, 2004
Exploration Update at Maggie Hays South
July 5, 2004
Quarterly Report
Joint venture signed with Nickel Australia Ltd (NKL) at Maggie Hays South (near Norseman, Western Australia) - Hannans Reward has signed an agreement giving NKL the right to earn 55% of the nickel minerals at MHS by delivering a bankable feasibility document within five years of commencing exploration. NKL must spend a minimum of $500,000 within 18 months of commencing exploration before they can withdraw.
More...July 5, 2004
Joint Venture to Explore for Nickel in the Lake Johnston Belt
April 20, 2004
Quarterly Report
Native title signatures obtained at MHS – all native title signatures have now been obtained for the Maggie Hays South nickel sulphide prospect enabling granting of tenements during May. The MHS nickel prospect is located approximately 25 kms south of LionOre’s Maggie Hays nickel sulphide mine.
More...
