For thousands of other reports visit RSC's Mineral Intellingence Map
Hannans Ltd.
Summary
| Project: | Forrestania | |
|---|---|---|
| Deposit: | Forrestania | |
| Location: | Australia | |
| Commodities: | Lithium-Magnesium-Aluminium | |
| Date: | 10/25/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-10-2017: Hannans Ltd. announces an Exploration/Drilling Update report for its Forrestania deposit at the Forrestania project. Drilling results incl. 2m @ 63 ppm Li, 112625ppm Al, 19423ppm Mg from 62m. Hannans Ltd (ASX:HNR) is pleased to update sharehol | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Bryan Smith (Internal) | |
| ABSTRACT: | Hannans Ltd (ASX:HNR) is pleased to update shareholders on the progress of exploration at its 100% owned Forrestania Lithium Project, located approximately 100kms south of Southern Cross, Western Australia (refer Figures 1 and 2 on Page 2). The background to today’s announcement is that Hannans recently responded to a price and volume query from the ASX1 following a substantial increase in the volume traded and price of Hannans shares. Hannans would not normally request a halt in the trading of its shares to provide time to interpret early stage exploration results. The Company would normally summarise these results in a general project update or Quarterly Report. On this occasion however, the Board considered it prudent to request a halt to ensure the market was trading on a fully informed basis. As previously advised Hannans has focused its exploration approximately 4km west of the interpreted margin of the granite intrusion located on the eastern side of Hannans tenement E77/2219 (refer Figure 3 on Page 3)2 . Accurately mapping the margin of the granite intrusion is important because it is this distance (i.e. 4km) from the margin that appears to be the distance necessary to allow for cooling of the pegmatites sourced from the granite, and for differential crystallization of exotic minerals including spodumene (an important lithium mineral).4 The geochemical data received from the 2nd phase of drilling suggests that the margin of the granite intrusion may be located further west than originally interpreted, and therefore Hannans is combining all data sets to complete a new ‘margin’ interpretation to aid future exploration targeting. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report