Mike Fagan,
Editor
Feb. 12, 2025
Hannan Metals Ltd. (TSX-V: HAN)(OTC: HANNF) — currently trading around C$1 per share — has released positive channel sample results from the Previsto gold-copper prospect within the massive, 100%-owned Valiente copper-gold project, Peru.
Highlights include:
- 69 meters at 2.4 grams per tonne (g/t) gold; including
- 26 meters at 5.4 g/t Au
The company reports that mineralization remains open in all directions and is representative of an alkalic epithermal gold system. Notable examples of this type of system include the 16 Moz Au Porgera Mine in Papua New Guinea and the 23 Moz Au Cripple Creek Mine in Colorado.
The channel sample results from Previsto are from the northern edge of a 4 km x 4 km gold-in-soil anomaly (see below) within a larger 6 km x 6 km epithermal-porphyry cluster.
Hannan Metals CEO Michael Hudson — whom you’re about to hear from directly in our exclusive interview coming right up — commented on the positive channel sample results via press release:
“This new finding represents a potentially significant new gold district in Peru, with characteristics suggesting both high-grade potential and substantial scale. Identification of high-grade gold at surface with scale is extremely rare. Particularly given gold mineralization remains open in all directions and sits within an extensive 4 km x 4 km gold-in-soil anomaly that we have barely begun to explore.”
“The alkalic-type epithermal gold style of mineralization is encouraging, as these systems globally can develop into large, high-grade deposits. We are in the very early stages here - these results come from initial channel sampling, and we have multiple untested targets across the 4 km x 4 km soil gold anomaly.”
“Hannan's strategy is to systematically explore the new Valiente mineral belt gaining drill permits progressively as we make further discoveries. With Peru's improving and transparent drill permitting system, we look forward to drilling at Belen in Q2 2025, located 20 km to the SW of Previsto, while we derisk this new gold finding to achieve staged drill programs across the entire 150 km long Valiente gold-copper project.”
Next steps for Previsto include multiple work programs such as additional soil and channel sampling, geological mapping, IP surveying, as well as a continuance of the drill permitting process.
Concurrently, phase-one drilling is approaching at the Valiente project’s more advanced Belen prospect, which is situated to the southwest of Previsto (see below).
The Previsto discovery represents the eighth significant porphyry and/or epithermal target discovered within an area of 25 km by 10 km at Previsto/Belen, which the Hannan team now believes represents a district-scale porphyry cluster.
Multiple IP chargeability anomalies have recently been identified at the Belen prospect, including at Sortilegio, Ricardo Herrera, and Vista Alegre.
As noted, a maiden Phase-1 drill program is currently in the planning stage for Belen with a key DIA permit [environmental permit] now in place and with final permitting steps well underway.
All three Belen prospects (Ricardo Herrera, Sortilegio, and Vista Allegre) are considered drill-ready with fourteen, thirteen, and twelve drill platforms approved, respectively.
In other words, multiple prospects being explored and advanced in what could eventually prove to be a brand new copper-gold belt in the Peruvian back arc with potentially multiple years of discovery-type drilling ahead for the Hannan Metals team.
For a closer look, our own Gerardo Del Real of Junior Resource Monthly caught up with Hannan Metals CEO Michael Hudson to discuss the positive channel sample results from Previsto and the forthcoming maiden drill program at Belen — all part of the ~1,000 sq km Valiente copper-gold project, Peru. 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
Click here to see more from Hannan Metals Ltd.
IMPORTANT DISCLAIMER & DISCLOSURES
Resource Stock Digest, as a publisher, is not a broker, investment advisor, or financial advisor in any jurisdiction.
Please do not rely on the information presented by Resource Stock Digest as personal investment advice.
If you need personal investment advice, kindly reach out to a qualified and registered broker, investment advisor, or financial advisor.
The communications from Resource Stock Digest should not form the basis of your investment decisions. Examples we provide regarding share price increases related to specific companies are based on randomly selected time periods and should not be taken as an indicator or predictor of future stock prices for those companies.
Hannan Metals Ltd. has sponsored this report.
The information in this newsletter does not constitute an offer to sell or a solicitation of an offer to buy any securities of a corporation or entity, including U.S. Traded Securities or U.S. Quoted Securities, in the United States or to U.S. Persons. Securities may not be offered or sold in the United States except in compliance with the registration requirements of the Securities Act and applicable U.S. state securities laws or pursuant to an exemption therefrom.
Any public offering of securities in the United States may only be made by means of a prospectus containing detailed information about the corporation or entity and its management as well as financial statements. No securities regulatory authority in the United States has either approved or disapproved of the contents of any newsletter. Resource Stock Digest nor any employee of Resource Stock Digest is not registered with the United States Securities and Exchange Commission (the “SEC”): as a “broker-dealer” under the Exchange Act, as an “investment adviser” under the Investment Advisers Act of 1940, or in any other capacity. Resource Stock Digest, its owners, directors, and employees are also not registered with any state securities commission or authority as a broker-dealer or investment advisor or in any other capacity.
HIGHLY BIASED:
In our role, we aim to highlight specific companies for your further investigation; however, these are not stock recommendations, nor do they constitute an offer or sale of the referenced securities. Resource Stock Digest has received cash compensation from Hannan Metals Ltd. and is thus extremely biased. It is crucial that you conduct your own research prior to investing. This includes reading the companies' SEDAR and SEC filings, press releases, and risk disclosures. The information contained in our profiles is based on data provided by the companies, extracted from SEDAR and SEC filings, company websites, and other publicly available sources.
Resource Stock Digest, and its owners, directors, employees, and members of their households may own shares of Hannan Metals Ltd.. Therefore, Resource Stock Digest is extremely biased. Measures are in place such that no shares will be sold during the active awareness campaign.
HIGH RISK:
The securities issued by the companies we feature should be seen as high risk; if you choose to invest, despite these warnings, you may lose your entire investment. You must be aware of the risks and be willing to accept them in order to invest in financial instruments, including stocks, options, and futures.
NOT PROFESSIONAL ADVICE:
By reading this, you agree to all of the following: You understand this to be an expression of opinions and NOT professional advice. You are solely responsible for the use of any content and hold Resource Stock Digest, and all partners, members, and affiliates harmless in any event or claim. While Resource Stock Digest strives to provide accurate and reliable information sourced from believed-to-be trustworthy sources, we cannot guarantee the accuracy or reliability of the information. The information provided reflects conditions as they are at the moment of writing and not at any future date. Resource Stock Digest is not obligated to update, correct, or revise the information post-publication.
FORWARD-LOOKING STATEMENTS:
Certain information presented may contain or be considered forward-looking statements. 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. There can be no assurance that any such statements will prove to be accurate, and readers should not place undue reliance on such information. Resource Stock Digest does not undertake any obligations to update the information presented or to ensure that such information remains current and accurate.