Gold mineralization was intersected in all drillholes reported here (ST2601 – ST2605). Highlights so far include 9.2 m at 1.3 g/t Au (including 0.4 m at 5.6 g/t Au) and 1.1 m at 15.6 g/t Au (including 0.6 m at 27.8 g/t Au). In addition, a poly-metallic sample in hole ST2601 returned 0.5 m @ 8.9 g/t Au, 47.5 g/t Ag and 0.74% Cu…
Beyond the Headline
This is a positive start to Hannan’s maiden drill program at Stavaträsk gold project in the Skellefteå district of northern Sweden.
The most important results to me are that 5 of 5 holes are mineralized with broader zones of gold values including 1.3 g/t Au over 9.2m in Hole ST2604 rather than just narrow high grade values. This gold-bearing corridor is interpreted to be 50 m to 65 m wide, with several higher-grade structurally controlled zones of quartz-veining. Drilling has confirmed significant gold mineralization over a strike length of 650m within the Vidsel-Röjnoret Shear System. The Company’s mapping and interpretation indicate that this prospective corridor extends for at least 7 km. These positive factors greatly improve the potential of outlining a significant resource.
The two deepest holes of the program, ST2606 and ST2607. for which assays are pending. were drilled into the granodiorite zone in order to test down-dip continuation of the granodiorite-hosted vein-swarm; drillhole ST2606 intercepted strong and continuous arsenopyrite-silica-alteration along the entirety of the granodiorite interval of ~ 214 metres drilled thickness which is encouraging.