Hannans Reward says drilling at Kiruna Iron project, successful

Hannans Reward has announced that drilling at Rakkurijoki, Sweden has intersected wide iron minlists of crushers quarries in fujairaheralisation.

The company has released drilling results for Altavaara and has also intersected very wide low grade iron mineralisation .

Hannans Kiruna Iron Project, located in northern Sweden contains a number of deposits that are extremely well located with regard to infrastructure (rail, power and services) – the Rakkurijoki Project is located less than 100m from a major road, less than 1km from open access rail and 6km from Kiruna the Altavaara Project is located less than 650m from the E4 highway and 15km from Kiruna. Kiruna, a mining centre with a population of approximately 18,000 is connected to major ports at Narvik, Norway (180km north-west) and Lulea, Sweden (340km south-east)

Hannans is striving to compile 1 Billion tonnes of iron resources within 80km of the Kiruna mining centre, develop a central facility to process ore from a number of satellite deposits and then produce a premium quality iron concentrate.

The primary reason for drilling the latest deep hole was to test the footwall characteristics for geotechnical studies. If however the width and grade of the iron mineralisation continues to increase at depth, it is conceptually possible that potential mine life could be extended at the cessation of open pit operations, through the commencement of an underground operation.

Prior to completing additional drilling, preliminary metallurgical testwork will be carried out on samples from Altavaara to determine if the iron mineralisation can be upgraded to saleable specifications. If the results are favourable the next round of drilling at Altavaara will be aimed at establishing a maiden JORC inferred resource. The Altavaara mineralisation is geologically different to all of the other deposits in the Kiruna Iron portfolio and therefore requires detailed additional examination.