Drillholes ST2606 and ST2607 were the two deepest holes of the program, aiming to drill-test the potential down-dip continuation of the granodiorite-hosted, quartz-arsenopyrite vein-swarm. Drillhole ST2606 returned the best intercept by grade-width of the entire 7-hole drill program, recording 4.6 m @ 7.2 g/t Au with individual assays up to 20.7 g/t Au over 0.6 m and 21.4 g/t Au over 0.7 m. These recurring high-grade quartz-arsenopyrite veins are hosted within a broad, ~60 m downhole interval of mineralized granodiorite…
Beyond the Headline
Hannan reported the second and final set of assay results from its maiden diamond drill program at the Stavaträsk gold project in the Skellefteå district of northern Sweden. The program comprised seven holes for 1,040 m of drilling, aimed at testing 650 m of strike within a 7 km trend.
Drillholes ST2606 and ST2607 were the two deepest holes of the program, designed to test the potential down-dip continuation of the granodiorite-hosted, quartz-arsenopyrite vein-swarm. Drillhole ST2606 returned the best intercept of the entire 7-hole drill program of 4.6 m @ 7.2 g/t Au with individual assays up to 20.7 g/t Au over 0.6 m and 21.4 g/t Au over 0.7 m. These recurring high-grade quartz-arsenopyrite veins are hosted within a broad, approximately 60 m downhole interval of mineralized granodiorite.
All seven maiden drill holes intersected significant gold mineralization over 650 m of strike length within the overall mineralized structural corridor that may extend for as much as 7 km. Hannan plans an IP survey followed by another 1,000 m of drilling.
These results are very encouraging for a limited maiden drill program on a potentially extensive mineralized structural corridor. The recurring high grade veins within a broad 60m downhole interval of mineralized granodiorite indicates potential for significant tonnage.