The initial campaign consisted of seven holes totaling 1,040 meters and was completed less than four weeks after Hannan announced its option to acquire Stavaträsk, Skellefteå North, and Ådelfors.
The early-stage Stavaträsk exploration project is situated approximately 20 km north of the historic Boliden deposit along the same regional structural corridor, providing a compelling exploration analogue.
Meanwhile, the recently completed Stavaträsk program positions Hannan for a series of near-term catalysts while Previsto advances through permitting.
As always, we'll continue following the story closely and keep you updated as Hannan advances both its Swedish and Peruvian exploration programs.
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TECHNICAL DISCLOSURE:
The technical disclosure in this document pertaining to the mineral properties of Hannan Metals Ltd. has been reviewed and approved by Michael Hudson, Executive Chairman & CEO of Hannan Metals, a Fellow of the AUSIMM and a “qualified person” as defined in National Instrument 43-101- Standards of Disclosure for Mineral Projects. The qualified person has verified the data of Hannan Metals Ltd., including sampling, analytical and test data underlying the information contained in this document.
FORWARD-LOOKING STATEMENTS:
Certain information presented may contain or be considered forward-looking statements. Generally forward-looking statements can be identified by the use of terminology such as “anticipate”, “will”, “expect”, “may”, “continue”, “could”, “estimate”, “forecast”, “plan”, “potential” and similar expressions. Forward-looking statements contained in this press release may include, but are not limited to, statements regarding further exploration and development on the mineral properties of Hannan Metals Ltd. and the results thereof.
Such statements involve known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in these statements. These forward-looking statements are based on a number of assumptions which may prove to be incorrect including, but not limited to, the volatility of metal prices and Hannan Metals Ltd.’s common shares; the dangers inherent in exploration, development and mining activities; achieving development or production, cost or other estimates; actual exploration or development plans and costs differing materially from estimates stated herein; the ability to obtain and maintain any necessary permits, consents or authorizations required for mining activities; environmental regulations or hazards and compliance with complex regulations associated with mining activities; climate change and climate change regulations; fluctuations in exchange rates; the availability of financing; financing and debt activities; operations in foreign and developing countries and the compliance with foreign laws, including those associated with operations in Peru and including risks related to changes in foreign laws and changing policies related to mining and local ownership requirements or resource nationalization generally; remote operations and the availability of adequate infrastructure; fluctuations in price and availability of energy and other inputs necessary for mining operations; shortages or cost increases in necessary equipment, supplies and labour; regulatory, political and country risks, including local instability or acts of terrorism and the effects thereof; the reliance upon contractors, third parties and joint venture partners; challenges to title or surface rights; the risk of an uninsurable or uninsured loss; litigation risk; and competition with other mining companies. There can be no assurance that any such statements will prove to be accurate, and readers should not place undue reliance on such information. The forward-looking statements contained in this document are made as of the date hereof or the dates specifically referenced in this press release, where applicable. Neither Resource Stock Digest nor Hannan Metals Ltd. undertakes any obligations to update the information presented or to ensure that such information remains current and accurate, except as required by law.