Mike Fagan,
Editor
May 20, 2025
Hannan Metals Ltd. (TSX-V: HAN)(OTC: HANNF) — currently trading around C$1.05 per share in a strong copper-gold market — has commenced drilling at the Belen prospect, part of its 100%-owned Valiente copper-gold project, Peru.
The program marks the first-ever drill testing at Valiente and the first documented drilling activity within this underexplored segment of Peru’s Miocene-age back arc region.
Drilling is underway at the Vista Alegre target, an epithermal gold prospect defined by a 2.4-km-long geophysical anomaly with coincident gold-in-soil signatures, mineralized boulders, and limited but consistent outcrop.
Following Vista Alegre, drilling is planned at the Ricardo Herrera and Sortilegio targets — both interpreted as copper-gold porphyry systems — as part of a broader program permitted for up to 40 drill platforms across the Belen trend.
The three main targets currently prioritized for drill testing at Belen are:
- Vista Alegre – 12 permitted platforms; epithermal gold system; 2.4-km-long geophysical anomaly with coincident gold-in-soil signatures, gold-bearing boulders, and limited but consistent outcrop.
- Ricardo Herrera – 15 permitted platforms; porphyry copper-gold system with a 250 x 1,000 meter chargeability anomaly coincident with exposed mineralization.
- Sortilegio – 13 permitted platforms; alkalic porphyry system defined by a 1.2-km-long chargeability feature with potential for both shallow gold and deeper copper-gold mineralization.
The maiden program at Belen is underway via one rig (Vista Alegre target) with preparations underway to potentially mobilize additional rigs as the program hits its stride and as geological understanding of the system progresses. First drilling updates and assay results from Vista Alegre are anticipated in the near term.
Importantly, Belen represents just 4% of Hannan’s 920-sq-km Valiente land package, which lays host to 18 distinct porphyry and epithermal systems, all defined through first-principles exploration.
The belt-scale potential suggests HAN may be on the verge of unlocking a new Miocene-age copper-gold district in one of the world’s most prolific mining nations.
Concurrently, Hannan is advancing a second high-priority target, Previsto, located approximately 20 km northeast of Belen. Trenching at Previsto, where drill permitting is underway, recently returned 1.7 meters at 23.4 grams per tonne gold (g/t Au) and 2.3 meters at 18.8 g/t Au within a broader 200 x 130 meter mineralized zone.
The area is characterized by a 5 x 5 km gold-in-soil anomaly with strong radiometric and magnetic signatures consistent with large alkaline gold systems akin to Colorado’s Cripple Creek discovery.
The drill-start at Belen represents a significant milestone in HAN’s systematic advancement of the Valiente land package and marks an important step toward evaluating the potential for the emergence of a new copper-gold belt in Peru.
With drilling underway at Belen and exploration and permitting underway at Previsto, Hannan is positioned for meaningful discovery-driven upside in one of the strongest copper-gold bull markets on record.
Nose to the ground as always, our own Gerardo Del Real of Junior Resource Monthly caught up with Hannan Metals CEO Michael Hudson for a firsthand look at the celebratory first turns of the drill at Belen. 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.
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Yours in profits,
Mike Fagan
Editor, Resource Stock Digest
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