For thousands of other reports visit RSC's Mineral Intellingence Map
Hannans Ltd.
Summary
| Project: | Mt Holland | |
|---|---|---|
| Deposit: | Mt Holland | |
| Location: | Australia | |
| Commodities: | Beryllium-Caesium-Lithium-Rubidium-Tin-Tantalum | |
| Date: | 10/1/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-10-2019: Hannans Ltd. announces an Exploration/Drilling Update report for its Mt Holland deposit at the Mt Holland project. AC drilling results incl. 1m @ 136.3ppm Li. Hannans Ltd (ASX:HNR) provides an update on exploration within its 100% owned Mt Holl | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bryan Smith (Not stated) | |
| ABSTRACT: | Hannans Ltd (ASX:HNR) provides an update on exploration within its 100% owned Mt Holland Lithium Project located approximately 125kms south of Southern Cross, Western Australia (refer Figure 1 on page 2). The Mt Holland Lithium Project is located adjacent to Earl Grey, one of the most significant hard rock lithium deposits in the world jointly owned by New York Stock Exchange listed SQM and ASX listed Wesfarmers Ltd. Hannans’ exploration goal is to discover a lithium deposit comparable to Earl Grey. Hannans recently completed its 6 th phase of exploration drilling at Mt Holland West. The program comprised 79 aircore holes drilled vertically for a total of 4,043m (average depth of 51m per hole) (refer Figure 2 on page 2 for Location Map). Drill hole details and assay results for 56 samples have been received (refer Table 1 and 2 on pages 4 and 5). Results from a further 50 samples are pending. Anomalous values of lithium and pathfinder elements were received in the first batch of samples analysed. Of note drill holes MHAC312 and MHAC378 intersected a moderately weathered and oxidized pegmatite, with visible (fine grained) spodumene. The distance between these anomalies is approximately 2kms. Overall the geochemical anomalies received in the first batch of samples assayed justify further exploration for lithium bearing pegmatites at Mt Holland West. The lithium and pathfinder element assay values from within the weathered profile generally increased with depth, highlighting a strong possibility of lithium mineralisation being present in fresh (i.e. unweathered) pegmatites. Subject to receipt of government approvals, Hannans plans to drill 2 diamond holes at Mt Holland West to better understand the zonation, orientation and mineralisation potential of the fresh pegmatites. | |
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