Mike Fagan,
Editor
March 27, 2025
Hannan Metals Ltd. (TSX-V: HAN)(OTC: HANNF) — currently trading around C$1.15 per share in a highly-bullish copper-gold environment — has identified a significant copper porphyry target at the Previsto prospect, part of the larger, 100%-owned Valiente copper-gold project, Peru.
The new target — located just 1,300 meters from previously identified high-grade alkalic gold mineralization (see below; 69 m @ 2.4 g/t Au) — was delineated through systematic channel sampling, confirming a continuous copper zone measuring 750 meters long by up to 192 meters wide.
Hannan Metals CEO Michael Hudson — whom you’re about to hear from directly in our exclusive interview coming right up — commented on the newly discovered copper target at Previsto and the upcoming drill program at the more advanced Belen copper-gold prospect via press release:
“While our focus remains on the exciting alkalic gold system at Previsto, the identification of this extensive and adjacent copper porphyry system, situated just 1,300 m from our recently announced high-grade gold identification, demonstrates the district-scale potential we are unlocking in this emerging mineral belt. Systematic channel sampling has revealed consistent copper mineralization over significant widths despite surface leaching, suggesting the potential for higher grades at depth in unweathered zones.
What's particularly exciting is the 750 m strike length with widths up to 192 m that remain open in multiple directions. This further validates our exploration approach across the Valiente project, where we continue to identify multiple mineralized centres within this previously unrecognized metallogenic belt.
With our team back on the ground and actively expanding both the gold and copper mineralization at Previsto, while simultaneously preparing for our first drill program at Belen in Q2 2025, we are systematically advancing this large-scale alkalic gold-copper system across multiple fronts.”
As mentioned above, Hannan has a team of 5 geologists and 10 support staff onsite at Previsto working to expand and further delineate the gold-copper mineralized footprint.
All of this is happening in concert with Hannan’s first-ever drill program at the underexplored and undrilled Belen prospect. That program, which is on-track to commence in Q2 2025 and as soon as late-April, will focus on three primary targets:
- Ricardo Herrera: Copper-gold porphyry with a 1.0 km by 0.25 km chargeability anomaly (15 platforms approved)
- Vista Alegre: Epithermal gold prospect with a 2.4-km-long geophysical anomaly (12 platforms approved)
- Sortilegio: Copper-gold porphyry with a 1.2-km-long chargeability anomaly (13 platforms approved)
The above property map shows the location of both the Previsto and Belen prospects, which Hannan Metals is in the early stages of advancing as a potential district-scale copper-gold porphyry cluster at the broader 920 sq km Valiente Project.
With a DIA (Environmental Permit) and Exploration Activities permit in hand at Belen, the Hannan team has moved swiftly in to the final steps of the permitting process, including setting up an archeological monitoring program for any trees that may need to be removed, completing a SERFOR deforestation authorization process, and finalizing drill contractor selection and mobilization plans for Q2 2025.
Part of that mobilization plan will be determining the order in which the three primary Belen targets (Ricardo Herrera, Vista Alegre, Sortilegio) will be drilled and the number of holes to be designated for each.
With 12 to 15 platforms approved per Belen prospect, Hannan has no shortage of high-priority targets to choose from; speculators can expect details to emerge from the forthcoming drill plan in the coming weeks with the HAN team eyeing late-April as a potential start date for the highly-anticipated Phase-1 program.
Hannan Metals is concurrently advancing its co-flagship, 585 sq km San Martin copper-silver exploration project located ~300 km northwest of Valiente. The project is being advanced by way of a strategic joint venture agreement with Japan’s national mining arm — JOGMEC — Japan Organization for Metals and Energy Security. JOGMEC has the option to earn up to a 75% interest in the project by spending up to US$35 million leading to the production of a Feasibility Study.
Hannan’s plan is to continue to systematically and intelligently advance the two co-flagship properties through geological surveying, mapping, sampling, and drilling with the ultimate aim of building shareholder value through the discovery process.
With a highly-adept mining team at the helm, and with copper and gold both within spitting distance of all-time highs, our own Gerardo Del Real of Junior Resource Monthly caught up with Hannan Metals CEO Michael Hudson to discuss the brand new copper zone at Previsto and the upcoming maiden drill program 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.
Sign up to receive updates directly from Hannan Metals here.
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest
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