Categories: Base Metals
Topics: General Base Metals

Smart-Money Flowing Into Small-Cap Copper Stocks

Hannan Metals Ltd. (TSX-V: HAN)(OTC: HANNF) — currently trading around C$0.25 per share — is in the process of acquiring 100% of the Cerro Rolando Copper Porphyry Project located in northern Chile.  

The project consists of 16 contiguous exploration concessions covering a total of 48 sq km.

The acquisition would expand Hannan’s Latin American footprint into Chile as it awaits drill permits on its two Peruvian flagships: The San Martin Copper-Silver Project (JV with JOGMEC) and the 100%-owned Valiente Copper-Gold Project. 

Upon closing of the planned acquisition, the Hannan team anticipates a favorable timeline for initial drill testing at Cerro Rolando.

Hannan Metals CEO Michael Hudson — whom you’re about to hear from directly in our exclusive interview — commented via press release:   

“The Cerro Rolando project represents a key strategic move for the Company into Chile, one of Latin America's premier and endowed copper mining jurisdictions and plays to the Company's strengths in defining grassroots copper opportunities in Latin America. Critically the acquisition provides Hannan with a low-cost entry to drill test a high value porphyry copper exploration target in the short term, while awaiting drill permits on our vast and extensive Peruvian holdings.”

The Cerro Rolando property is a high value porphyry copper target for Hannan Metals in Chile’s Paleocene Belt, which lays host to a number of significant porphyry copper deposits and mines with activity by majors including BHP. 

In fact, 80% of Chilean copper production comes from copper-gold porphyry deposits with most situated in northern Chile… so you can definitely say the Cerro Rolando project is located in elephant country.  

There is some historical data associated with the property with regional magnetics showing Cerro Rolando to be located on a major north-south trending structure with historical airborne EM data modeling a 1.2 km-long conductor. 

Utilizing that data, the Hannan team expects to move forward with ground geophysical surveying at Cerro Rolando to define initial drill targets and, additionally, has plans to mobilize a geophysical contractor to the site early next month as the acquisition progresses toward completion.  

Our own Gerardo Del Real of Junior Resource Monthly caught up with Hannan Metals CEO Michael Hudson to go over the Cerro Rolando acquisition opportunity in Chile, plus a comprehensive update on the two flagships in Peru. 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 and sign up to receive updates directly from the company here.

Mike Fagan
Editor, Resource Stock Digest