Mike Fagan,
Editor
April 17, 2025
Hannan Metals Ltd. (TSX-V: HAN)(OTC: HANNF) — currently trading around C$1.30 per share in a rising copper-gold market — has commenced site access preparation at the Belen prospect, part of its 100%-owned Valiente copper-gold project in central-eastern Peru.
This news marks a significant milestone for HAN as the upcoming drill program at Belen — slated for early May — will be the first ever undertaken at the Valiente project and the first recorded drilling activity within this portion of Peru’s underexplored back-arc region.
The maiden drill campaign will target three primary areas across the Belen prospect utilizing up to 40 permitted drill platforms.
Those include the Ricardo Herrera copper-gold porphyry target (15 platforms), the Vista Alegre epithermal gold target (12 platforms), and the Sortilegio copper-gold porphyry target (13 platforms).
Hannan Metals CEO Michael Hudson commented on the start of drill site preparation for the Belen prospect 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.”
Recent geophysical and geological work at Belen has identified significant anomalies and surface mineralization now designated for drill-testing across all three areas:
- At Ricardo Herrera, a 1,000 x 250 meter chargeability anomaly has been identified coincident with exposed porphyry-style copper-gold mineralization hosted within a multi-phase calc-alkaline intrusion.
- The Vista Alegre prospect is characterized by a 2.4 km-long geophysical anomaly associated with gold-in-soil anomalies.
- At Sortilegio, a 1.2 km-long chargeability feature lies within an interpreted alkalic porphyry system with a central mineralized zone characterized by structurally controlled zones with potential for both shallow gold and deeper copper-gold mineralization.
Importantly, the Belen prospect comprises just 4% of Hannan’s total 920 sq km land position at Valiente.
The broader Valiente project includes a 140 km x 50 km area where the company has identified 18 distinct porphyry and epithermal systems, suggesting the potential emergence of a new Miocene-age copper-gold mineral belt in Peru’s back-arc region.
The upcoming maiden drill program at Belen represents the first step in testing this large-scale regional exploration model.
Speculators can expect steady news flow in the weeks and months ahead as drilling gets underway.
And our own Gerardo Del Real will continue to bring you exclusive interviews with Hannan Metals CEO Mr. Michael Hudson as the excitement unfolds.
In the meantime, 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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