Mike Fagan,
Editor
Dec. 26, 2024
Hannan Metals Ltd. (TSX-V: HAN)(OTC: HANNF) — currently trading around C$0.70 per share — has identified a significant copper-gold IP chargeability anomaly at the Ricardo Herrera porphyry prospect within the massive, 100%-owned Valiente copper-gold project, Peru.
The well-defined magnetic anomaly, which is supported by outcropping and a distinctive “bulls-eye” soil anomaly containing Cu-Au-Zn-Pb, measured 1,000 meters by 250 meters and has been mapped to 350 meters depth.
The newly-identified IP anomaly at the Ricardo Herrera porphyry prospect comes directly on the heels of a 2.4-km-long IP anomaly identified earlier this month at the nearby Vista Alegre epithermal prospect located just 2 km away (all part of the larger Belen Prospect).
Hannan Metals CEO Michael Hudson — whom you’re about to hear from directly in our exclusive interview coming right up — commented on the Ricardo Herrera Cu-Au anomaly via press release:
“The identification of this extensive IP anomaly at Ricardo Herrera marks a pivotal development in our understanding of the copper-gold porphyry potential at Valiente. The convergence of multiple exploration indicators - from geophysics to surface geochemistry - has provided us with highly promising drill targets. With our recently approved DIA permit and 14 drill platforms in place, we are excellently positioned to test this compelling porphyry system in Q2 2025.”
As alluded to, a maiden drill program is currently in the planning stage with a key DIA permit [environmental permit] now in place and with final permitting steps well underway. Drilling is slated to commence in Q2 of the new year.
The current DIA covers a total of 40 drill platforms within the Belen Prospect area, which encompasses the Ricardo Herrera, Vista Alegre, and Sortilegio prospects across an 8 km by 2 km trend (with the DIA covering just 4% of Hannan’s total 1,000-sq-km-plus Valiente landholding).
In terms of the three current highest-priority Belen prospects within the newly-permitted DIA area, Ricardo Herrera and Sortilegio have been identified as porphyry copper-gold with Vista Alegre identified as epithermal gold in between the two porphyries.
Both Vista Allegre and Ricardo Herrera are considered drill-ready with 12 and 14 drill platforms approved, respectively. The Hannan team is currently awaiting additional IP data from the Sortilegio prospect.
After a long permitting process — wherein the Hannan field team was able to complete substantial IP, mapping, soil sampling, and assaying — an initial set of high-priority drill targets is finally coming together for what will be Hannan’s much anticipated maiden drill program at Valiente.
In other words, the groundwork has been laid for a news flow-rich 2025 for HAN with drills set to turn on what may prove to be a brand new copper-gold belt in the Peruvian back arc with potentially multiple years of discovery-type drilling ahead.
As promised, our own Gerardo Del Real of Junior Resource Monthly — who recently returned from Valiente — caught up with Hannan Metals CEO Michael Hudson to go over the newly-identified IP anomaly at Ricardo Herrera along with next-steps leading to the all-important maiden drill-phase. 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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