jigalong project high grade iron

Jigalong Project - High Grade Iron

· High grade iron mineralisation intersected at Mijimiji Iron Prospect
· 20m @ 62.8%Fe (incl. 10m @ 65.5%Fe) from 50m depth
· 42m @ 59.3%Fe (incl. 10m @ 62.7%Fe) – drill hole ended in mineralisation
· Breadth of iron mineralised section ~300m (see Figure 1)
· Strike length of feature targeted with drilling ~8km (see Figure 2)
· Latest results located ~2½ km west of high grade iron assays (incl. 16m @ 59% Fe)
reported to ASX on 9 September 2008.
· Multiple batches of iron assays remain pending
· Strong support being provided by Jigalong Community Inc
Hannans Reward Ltd (ASX:HNR) has intersected high grade iron mineralisation in reverse
circulation (RC) drilling at the Mijimiji1 Iron Prospect within the Jigalong Project, 165km east
of Newman in the East Pilbara region of Western Australia (see Figure 5).
The latest results from Mijimiji confirm high grade hematite mineralisation; including
intersections of 20m @ 62.8% Fe, 4.0% SiO2, 3.4% Al2O3, 0.04% P and 2.3% LOI from 50m in
JIRC019 and 42m @ 59.3% Fe, 5.1% SiO2, 3.3% Al2O3, 0.11% P and 6.4% LOI from 78m in
JIRC019 (refer Table 1).
The combination of high iron grades, low impurities, prospective strike length (~8km),
breadth (~300m) and widths (up to 42m) is considered to be a significant step towards
opening up the emerging East Pilbara Iron Ore Province with the Mijimiji Iron Prospect
located between two iron ore resources owned by FerrAus Ltd (ASX:FRS) (see Figure 3).
1 Recently named by Mr. Brian Samson, senior elder of the Jigalong Community and refers to the ‘red’ hematite
mineralisation