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Hannans declares maiden resource in Sweden

20th August 2013

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – ASX-listed Hannans Reward has announced a maiden Joint Ore Reserves Committee-compliant resource of 2.3-million tonnes, grading 1.74% copper and 0.6 g/t gold for its Pahtohavare project, in Sweden.

An exploration target of between two-million and four-million tonnes, grading between 0.3% and 0.7% copper has also been estimated for the Eastern deposit of the project area.

“The resource and exploration update represents the culmination of 12 months of historic data compilation and validation by Hannans at the Pahtohavare project,” said MD Damian Hicks on Tuesday.

“It is pleasing to finally get some hard numbers around what ore and potential ore remains at the two underground deposits, and to also see a significant oxide copper/gold resource at Central.”

Hicks added that Hannans Reward would now look to build on the current resource at all four deposits making up the Pahtohavare project, with the priority being placed on the Central deposit, where reverse circulation drilling had recently been completed.

Edited by Creamer Media Reporter

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