POS 5.00% 4.2¢ poseidon nickel limited

Gold at Maggie Hays South / Johnny Turk

  1. 6,913 Posts.
    Open up the PDF and look at the picture Maggie Hays South, looks about where Johnny Turk is, where it looks like 226g/t of rock chip samples were found.....
    JT ain't full of crap...  There is huge gold potential there and when POS releases it to the market hold on...
    This was found late 2007, then the GFC came on in and then things got shutdown..  They didn't have a chance to go further...



    226g/t gold rock chip sample confirms gold potential
    Hannans Reward Limited (“Hannans”) recently completed a field reconnaissance programme over an
    area known for anomalous copper-gold-molybdenum soil values within the Maggie Hays South
    (“MHS”) Project, located 110kms west of Norseman, Western Australia and 25kms southeast of the
    Emily Ann and Maggie Hays nickel sulphide mines owned by Russian mining giant Norilsk Nickel
    (refer attached Regional Location Map).
    A number of rock chip samples collected during the programme returned anomalous gold values with
    one sample - collected along strike from historic gold workings - returning a very high value of 226 g/t
    gold, refer to table below. Whilst preliminary in nature, this high gold value is considered to be very
    significant due to its location within the known project geology. Multi-element results are awaited.
    At MHS two areas of anomalous soil samples have been identified coincident with a structural flexure,
    which are 800mx450m and 700mx400m respectively, open to the north and the east beneath Lake
    Johnston. Recent field mapping has indicated the presence of altered and strongly sheared
    intercalated mafic and felsic rocks favorable for shear hosted gold mineralisation. The presence of
    contact metamorphism, strong alteration, felsic porphyry intrusive units and elevated molybdenum
    could also indicate a porphyry copper-gold mineralisation system.
    It is important to note that exploration activities at MHS conducted previously by Hannans and its
    Partners had focused on nickel. Other than the re-assaying of drill samples targeting nickel, minimal
    modern day exploration techniques have been applied targeting gold.
    This recent reconnaissance programme follows a reassessment of the copper-gold-molybdenum
    potential of MHS during the second half of 2007 by the Hannans Exploration Team, including
    acquiring regional aerial magnetic data and completing an initial structural interpretation. This review
    also resulted in two large tenements (100% Hannans) being applied for covering ground adjacent to
    the existing project tenure. This additional ground has the potential to add significant value to the
    project as a whole and compliments the existing holdings.​
    Exploration will continue at MHS with the aim of identifying a significant occurrence of mineralisation

    Sample GDA North GDA East Au g/t*
    MH018 6,415,386 277,401 0.21
    MH019 6,415,387 277,400 226.5
    MH020 6,415,352 277,224 2.36
    MH021 6,416,196 277,279 0.23
    (*Genalysis Laboratories, method B/ETA check assay method B/SAAS confirms repeatability)
    Hannans Reward Ltd
    Hannans Reward Ltd has developed a suite of prospective exploration projects within Australia covering iron,
    nickel and gold. The Company also intends to commence exploration in Sweden in 2008. Hannans Reward
    Ltd is well funded with shareholders exposed to share price appreciation through exploration success.

    Forrestania - nickel & gold project located 12km north of Western Area’s Flying Fox nickel mine

    Jigalong JV - iron, uranium & base metals project located about 400km south east of Port Hedland

    Queen Victoria Rocks - nickel & gold project located 30km south-west of Coolgardie

    Sunday – gold & nickel project located about 20km east of Leonora

    Maggie Hays South - project located 25km south east of Norilsk’s Maggie Hays nickel mine



    Hannans Scandinavia AB - Incorporation of Swedish based subsidiary Company to commence exploration
    activities within the Scandinavian shield
    Company contacts:
    Telephone: (08) 9324 3388
    Fax: (08) 9324 3366

    [email protected]

    Address: Level 2, 11 Ventnor Ave
    West Perth, WA
    Board of Directors
    Richard Scallan
    Managing Director
    Damian Hicks
    Executive Director
    Frank Cannavo
    Non-Executive Directors

    Ernie Dechow, Bill Hicks & Terry Grammer
    The information in this document that relates to Exploration Results is based on information compiled by Ms Karyn Lyons, Exploration
    Manager, Hannans Reward Ltd who is a Member of the Australian Institute of Geoscientists. Ms Lyons is a full-time employee of
    Hannans Reward Ltd. Ms Lyons has sufficient experience, which is relevant to the style of mineralisation and types of deposits under
    consideration and to the activity which has been undertaken to qualify as a Competent Person as defined by the 2004 edition of the
    “Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Ms Lyons consents to the​
    inclusion in the report of the matters based on the information in the form and context in which it appears.
    Last edited by senator2004: 11/02/15
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