Moogie Project, Western Australia

The Moogie Project (100% Hannans) is located ~ 260kms north-west of Meekatharra and 270kms east of Carnarvon in the Gascoyne Province, Western Australia. Exploration will target discovery of a large, long life, low cost gold and or copper deposit.

Moogie is located within the Glenburgh Terrane of the Gascoyne Province, a Proterozoic metamorphic belt located at the northern margin of the Yilgarn Craton. The project tenure covers the intersection of the crustal scale Cardilya Fault with the northeast trending Deadman Fault. The project is considered prospective for orogenic 1 gold and or copper mineralisation and intrusion-related Ni-Cu-PGE mineralisation. The Glenburgh Gold Project, owned by Gascoyne Resources Ltd (ASX:GCY), is located ~7km due south of Hannans’ new applications and contains a Measured, Indicated and Inferred mineral resource of 21.3 Mt @ 1.5 g/t Au for 1.0M ounces of gold.

The gold mineralisation at Glenburgh is hosted within silica altered quartz-feldspar-biotite-garnet-gneiss and is located along the northeast trending Deadman Fault which continues along strike into Hannans’ applications. The Deadman Fault zone is a sinistral transcurrent fault 3 hosting not only gold but also copper mineralisation (Dalgety Downs). The Deadman Fault zone forms a 14km low ridge within the Moogie Project and Aster satellite imagery shows argillic alteration 4 along its length; the ridge has not previously been drill tested nor subject to systematic surface geochemical sampling.

Hannans completed (December 2019) a 100m-spaced gradiometer airborne magnetic survey over Moogie (~11,500 line kms in total) to obtain detailed magnetic data across the tenure. The known gold and copper mineralisation in the area is primarily structurally controlled so it is important to have a good understanding of the structural architecture of the project. The detailed magnetic survey will provide this information. A comprehensive structural interpretation of the newly acquired magnetic data will commence in January / February 2020 followed by a maiden field reconnaissance program during April / May 2020.

For more information please refer to ASX releases by Hannans.

Moogie Project location map
State location map showing location of Moogie on the northern margin of the Yilgarn Craton relative to the location of the Monty copper-gold mine (owned by Sandfire Resources NL), Tropicana gold mine (a joint venture between AngloGold Ashanti Australia Ltd (70% and manager) and Independence Group NL (30%)) and the Nova-Bollinger nickel-copper-cobalt mine (owned by Independence Group NL) located in the Fraser Range.
Moogie Project Regional Location Map
Regional location map showing Moogie ~ 260kms north-west of Meekatharra, the proximity of a number of current and historical mines and a major tenement position established by a wholly owned subsidiary of Independence Group NL (ASX:IGO) considered prospective for lithium.
Moogie Project tenement map
Project location map showing Hannans new tenement applications E09/2373 and E09/2374 (outlined in red) and the intersection of the crustal scale Cardilya Fault with the Deadman Fault considered prospective for orogenic gold and or copper mineralisation and intrusion-related Ni-Cu-PGE mineralisation.

LATEST ANNOUNCEMENTS

January 10, 2020 Company Update
December 5, 2019 Moogie Gold and Copper