Mike Fagan,
Editor
April 29, 2025
Hannan Metals Ltd. (TSX-V: HAN)(OTC: HANNF) — currently trading around C$1.40 per share in a rising copper-gold market — has initiated site access preparation at the Belen prospect, part of its 100%-owned Valiente copper-gold project in the Peruvian back arc.
Marking a major milestone for Hannan, the upcoming maiden drill campaign at Belen — slated for early May — will be the first-ever drilling conducted at Valiente, as well as the first documented drilling in this largely unexplored portion of Peru’s back-arc terrain.
Drilling will target three key areas along the 9-km-long Belen trend utilizing up to 40 permitted drill platforms:
- Ricardo Herrera: a copper-gold porphyry system (15 platforms)
- Vista Alegre: an epithermal gold target (12 platforms)
- Sortilegio: a second copper-gold porphyry system (13 platforms)
Hannan Metals CEO Michael Hudson — whom you’re about to hear from directly in our exclusive interview coming right up — commented on the start of drill site preparation at Belen via press release:
“The commencement of access preparation marks a major milestone for Hannan as we prepare to launch our maiden drill program at Belen. This is the culmination of our systematic mineral prospecting approach since discovering this new copper-gold belt in 2021. With all necessary permits now in place, we're excited to begin testing the extensive porphyry copper-gold and epithermal gold mineral systems across Ricardo Herrera, Vista Alegre, and Sortilegio for the first time. The drilling preparatory work at Belen is proceeding while we continue prospecting the significant Previsto gold find, located 20 km to the northwest, where we recently identified continuous outcrop of alkalic-type epithermal gold mineralization.”
A team of approximately 30 personnel are currently onsite at Belen constructing low-impact walkways and drill pads. The company is using hand-portable rigs to minimize disturbance as it prepares for first drill-testing of this highly prospective discovery zone that the HAN team has been systematically advancing since 2021.
Hannan Metals continues to emphasize a methodical, de-risked approach to exploration with geophysical work to-date uncovering a number of high-priority drill targets at Belen, including:
- At Ricardo Herrera, a 250 x 1,000 meter chargeability anomaly coinciding with exposed porphyry-style copper-gold mineralization hosted in a multi-phase calc-alkaline intrusion.
- At Vista Alegre, a 2.4-km-long geophysical anomaly with coincident gold-in-soil signatures, gold-bearing boulders, and limited but consistent outcrop.
- At Sortilegio, a 1.2-km-long chargeability feature within a potential alkalic porphyry system with structural controls that may host both shallow gold and deeper copper-gold mineralization.
While the Vista Alegre epithermal target is expected to be the first to see drilling, all three areas present company-making potential with early trenching and geochemical work suggesting Vista Alegre could host a multi-million-ounce gold system.
Importantly, Belen represents just 4% of Hannan’s 920-sq-km Valiente land package. The broader Valiente project spans a 140 km x 50 km area that includes 18 distinct porphyry and epithermal systems, all defined through first-principles exploration.
This belt-scale potential suggests Hannan Metals may be on the verge of unlocking a new Miocene-age copper-gold district in one of the world’s most prolific mining nations.
HAN is concurrently advancing a second high-priority target, Previsto, located approximately 20 km northeast of Belen. Trenching at Previsto, where drill permitting is underway, recently returned 1.7 meters at 23.4 grams per tonne gold (g/t Au) and 2.3 meters at 18.8 g/t Au within a broader 200 x 130 meter mineralized zone.
The area is characterized by a 5 x 5 km gold-in-soil anomaly with strong radiometric and magnetic signatures — consistent with large alkaline gold systems akin to Colorado’s Cripple Creek discovery.
With permits in place and drilling slated for early next month at Belen, Hannan is positioned for meaningful discovery-driven upside in one of the strongest copper-gold bull markets on record.
For a deeper dive, our own Gerardo Del Real of Junior Resource Monthly tracked down a very busy Hannan Metals CEO Mr. Michael Hudson for an in-depth discussion on the site preparation underway at Belen as first drilling nears. 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