TSX-V: HAN
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Hannan Metals Limited is a base metal project generation company opening up new regional search spaces for copper-silver in Peru and zinc-lead-silver in Ireland.
Hannan's mineral claim applications cover 76 kilometres of combined strike (35,400 hectares) of previously unexplored sediment-hosted high-grade copper-silver mineralization within a 110 kilometre long basin identified in the San Martin Province of north-central Peru. Initial sampling in one of the 3 claim areas, Tabalosos, has outlined 4 areas of high-grade copper and silver over 15 kilometres of strike within at least 2 structural corridors. Nineteen mineralized boulders (>0.1% copper) range in grade from 0.1% to 8.3% copper and 0.2 g/t silver to 109 g/t silver with an average grade of 2.8% copper and 27.2 g/t silver. Claim applications at Tabalosos total 19,500ha,
The Gera claim application covers 10,000ha and is located immediately NW of Tabalosos along an anticline that exposes the prospective Saraquillo Formation for an additional 25km of strike.
The Sacanche claims are an extension of the sediment-hosted copper-silver mineralized position discovered in Gera and Tabalosos claim applications. A total of 5,900 hectares of claim applications have been lodged for the Sacanche area, located 44 kilometres south of the central and initial Tabalosos claim application. Early stage historic exploration at Sacanche identified both sediment-hosted copper and lead-zinc-copper gossans. Multiple gossans up 80 metres in thickness have been recorded over multiple kilometres of strike. Scant historic sampling records grab samples from river float assaying significant copper and silver discovered intermittently along the 25 kilometre strike of the Sancache claim application area.
Hannan also has 100% ownership of the County Clare project in Ireland, which consists of 9 prospecting licenses for 35,444 hectares where the company has delivered a maiden resource at Kilbricken, and performed significant regional scale seismic surveys to open up the Clare basin. Drilling is now focussing on the recently seismic defined north-dipping Kilmurry synsedimentary fault that has one of the largest basin-scale displacements (>600 metres) mapped in Ireland where adjacent drillholes to this fault show the presence of significant mineralization, dissolution textures and alteration in the footwall.
Over the last decade, the team behind Hannan has forged a long and successful record of discovering, financing and advancing mineral projects in Europe and Peru.
