jigalong gold and base metals targets

JIGALONG GOLD & BASE METALS TARGETS
· Integration of the 3rd MMI soil sampling results with the magnetic
interpretation has identified a number of gold & base metals targets
Hannans Reward Ltd (“Hannans�) has recently completed a review of the 3rd phase of MMI soil
sampling conducted last Quarter and the magnetic interpretation received recently. The review has
identified a number of areas within the northern portion of the Jigalong Project that are prospective for
gold and base metals mineralisation. Please refer to the attached map which outlines these target
areas.
The three phases of MMI soil sampling completed by Hannans have identified early stage targets
prospective for gold, lead, zinc and uranium mineralisation. In that regard, MMI has been useful as an
early stage exploration tool to ‘screen’ the +1000km2 Jigalong project area, to focus future exploration
resources.
The aeromagnetic interpretation of the northern portion of the project area, completed by Mr Bruce
Craven of Southern Geoscience Consultants (www.sgc.com.au), has identified a number of
conceptual targets with the potential for gold mineralisation. Some of these targets are coincident with
areas identified separately by the MMI and therefore provide encouragement for future exploration.
Field verification is the next stage of exploration planned, followed by an extensive reconnaissance
aircore drilling programme. These programmes will assist in understanding the geology in more detail
whilst also enabling more focused future drilling programmes and airborne geophysical surveys. The
reconnaissance drilling will be carried out within both exploration license E52/1812 and E52/1813
(total area approx. 360km2). Subject to receiving Traditional Owner and Government approvals,
reconnaissance drilling will be scheduled for the next field season in the 4th Quarter.
A magnetic interpretation of the southern portion of the Jigalong Project is anticipated to be received
during the 4th Quarter and will also provide focus for exploration to be run in parallel with the northern
area.
“The Jigalong project has long term potential to host a gold and or base metals deposit. It must be
remembered that the work being carried out by Hannans is the first comprehensive exploration study
focused on gold and base metals within what is a remote and under-explored area of Western
Australia. It’s a matter of the Hannans exploration team compiling, in a systematic and logical fashion,
all of the basic geological information required to make a thorough assessment of the Project. This
process may take a number of years. At any stage throughout this process it remains feasible that a
significant minerals discovery could be made. It’s in this discovery phase that Hannans shareholders
retain greatest leverage to exploration success,� said Damian Hicks, Managing Director, Hannans
Reward Ltd.