Mike Fagan,
Editor
Aug. 27, 2024
Hannan Metals Ltd. (TSX-V: HAN)(OTC: HANNF) — currently trading around C$0.58 per share — is making solid exploration and permitting progress at its Valiente and San Martin projects in the underexplored Peruvian back arc.
We recently put out a feature-length report detailing the two projects, which you can view here.
At the San Martin copper-silver project (US$35M joint venture with JOGMEC), Hannan is moving toward a maiden drill program with a DIA in place allowing for 40 drill platforms. This will be the first-ever drill program to take place at the 656 sq km property.
At the 100%-owned Valiente copper-gold project, Hannan has commenced a 79-line-km IP survey across five porphyry / epithermal targets. The project defines a previously unknown Miocene-age copper-gold mineralized belt within a large 140 km by 50 km area.
The project has attracted the attention of Teck Resources (NASDAQ: TECK) — Canada’s largest mining company — which has come in with a C$2.6 million strategic investment (9.9% interest) in Hannan.
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The focus of the surveying will be to demonstrate the scale-to-depth of five large mineralized systems developed by Hannan at Valiente (Previsto Central, Previsto East, Ricardo Herrera, Vista Alegre, and Sortilegio) and to refine drill targets.
Hannan Metals CEO Michael Hudson — whom you’re about to hear from directly in our exclusive interview coming right up — commented via press release:
“Over the course of this year, we have continued to discover a previously unknown district-scale Miocene-porphyry cluster in the back arc of Peru within an area of 25 km by 10 km at the Previsto/Belen areas held within the 100%-owned Valiente project. We now have identified eight porphyry and/or epithermal targets in detail with up to 10 earlier stage targets awaiting further work. The geophysical surveys we have just commenced aim to test five of the most advanced target areas to refine drill targets at Ricardo Herrera, Vista Alegre, and Sortilegio. These projects are all going through the final drill permitting process…”
Going the extra mile for our readers, and to get a first-hand, boots-on-the-ground look at the mineral-laden geology, our own Gerardo Del Real and Nick Hodge will be on location in Peru next week where they’ll be meeting with the Hannan team and touring the properties.
This could prove to be one of the most important and timely site visits our guys have ever embarked upon… and we’ll be bringing you a full report, including a feature-length video presentation, upon their return.
As promised, and for a little primer, our own Gerardo Del Real of Junior Resource Monthly caught up with Hannan Metals CEO Michael Hudson to discuss the multi-target IP surveying underway at Valiente and much, much more. Please enjoy!
For additional information on Vancouver-based Hannan Metals, be sure to contact Ms. Mariana Bermudez at the company’s IR department at 604-685-9316 or via email at info@hannanmetals.com.
Sign up to receive updates directly from Hannan Metals here.
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest
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