Mike Fagan,
Editor
April 15, 2025
Hannan Metals Ltd. (TSX-V: HAN)(OTC: HANNF) — currently trading around C$1.30 per share in a highly-bullish copper-gold environment — has announced the expansion of high-grade gold mineralization at its Previsto prospect, part of the larger, 100%-owned Valiente copper-gold project, Peru.
Recent channel sampling has extended the known mineralized zone at Previsto to 200 by 130 meters with mineralization remaining open in all directions.
The project is located within the company’s 150-km-long Valiente gold-copper project, an emerging mineral belt previously unexplored for its porphyry and epithermal copper-gold potential.
The latest batch of results include the extension of a previously-sampled trench to 135.2 meters grading 1.3 grams per tonne (g/t) gold and 9 g/t silver, including a higher-grade interval of 69.1 meters at 2.4 g/t gold.
Additional channel sampling nearby to the main trench returned standout assays, including 1.7 meters grading 23.4 g/t gold and 2.3 meters at 18.8 g/t gold.
The intercepts are hosted within zones typical of alkaline-type epithermal systems, a style of mineralization common in world-class deposits such as Porgera in Papua New Guinea and Cripple Creek in Colorado.
Hannan Metals CEO Michael Hudson — whom you’re about to hear from directly in our exclusive interview coming right up — commented on the high-grade gold expansion at Previsto via press release:
“Our follow-up work at Previsto continues to deliver exceptional results for a grassroots discovery, with mineralization in an original channel now extended over 135 m and new identification of more high-grade channels including 1.7 m @ 23.4 g/t Au and 2.3 m @ 18.8 g/t Au. This area represents a potentially significant new gold district in Peru, with characteristics suggesting both high-grade potential and substantial scale.”
“The expanded mineralized footprint now covers 200 m × 130 m and remains open in all directions. Additionally, the discovery of copper mineralization just 20 meters from our gold channels further demonstrates the potential of this system.”
“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 drill permitting system, we look forward to drilling at the Belen in Q2 2025, located 20 km to the SW of Previsto, while we derisk this new gold find at Previsto to achieve staged drill programs across the entire 150 km long Valiente gold-copper project.”
Importantly, these new discoveries are positioned at the northern edge of a 4 km by 4 km gold-in-soil anomaly within a larger 5 km by 5 km epithermal-porphyry cluster. The proximity of new copper mineralization — 21 meters at 0.15% copper — located just 35 meters from the high-grade gold zones further supports the potential for a large, multiphase mineralized system.
The announcement comes at a time when gold prices have surged to record highs above US$3,200 per ounce and with copper prices firmly above US$4.50 per pound.
That strength in the gold-copper market should enhance the strategic value of early-stage discoveries like Previsto, particularly as the company advances toward first-phase drilling in a region with practically zero historical exploration.
Those high metals values can significantly improve project economics while simultaneously attracting interest from potential partners or acquirers looking for new sources of supply in a tightening global market.
Hannan Metals has now mobilized an expanded field team to Previsto, including six geologists, currently focused on detailed mapping, sampling, and geophysical work. The company plans to submit a DIA (Declaración de Impacto Ambiental) permit application by Q3 of this year, laying the groundwork for its maiden drill program at the Previsto prospect.
The expanded exploration program forms part of a broader strategy across the Valiente belt where Hannan is progressing toward maiden drilling at the more advanced Belen target located 20 km southwest of Previsto; drilling at Belen is slated for late April, early May.
Results to-date at Valiente underscore the potential for large-scale, high-grade discoveries in a previously untested mineral district and reflect HAN’s systematic approach to unlocking new mineral-rich frontiers in the Peruvian back arc.
With upward momentum in the underlying metals and in the exploration results, Valiente is emerging as a potentially significant new copper-gold district in one of the world's most geologically prospective yet underexplored regions.
Hot on the story as always, our own Gerardo Del Real of Junior Resource Monthly caught up with Hannan Metals CEO Michael Hudson to discuss the latest gold find at Previsto and the highly anticipated start of drilling 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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