Hannan Channel Samples 69.1 m @ 2.4 g/t Gold Including 26.0 m @ 5.4 g/t Gold From New Alkalic Epithermal Gold Find at Previsto in Peru
Hannan Metals (HANNF) has reported significant gold mineralization at its 100%-owned Previsto project in Peru. Channel sampling revealed high-grade alkalic-type epithermal gold mineralization with 69.1 m at 2.4 g/t gold, including 26.0 m at 5.4 g/t Au. The discovery is within a larger 6 km x 6 km epithermal-porphyry cluster.
Key findings include a north-south channel assaying 69.1 m @ 2.4 g/t Au and 13 g/t Ag, with peak assays of 0.7 m @ 16.1 g/t Au. An east-west channel yielded 7.0 m @ 1.2 g/t Au and 19 g/t Ag. The mineralization remains open in all directions and sits within a 4 km x 4 km gold-in-soil anomaly.
The company has secured drill permits for Belen (20 km SW) with drilling scheduled for Q2 2025. Multiple untested targets surround the gold mineralization, including copper porphyry mineralization 1.3 km northwest (192 m @ 0.16% Cu) and a gold-copper target 2.6 km east.
Hannan Metals (HANNF) ha riportato significative mineralizzazioni aurifere nel suo progetto Previsto, di cui detiene il 100% delle azioni, in Perù. I campionamenti di canale hanno rivelato una mineralizzazione aurifera di tipo epithermale ad alta legge con 69,1 m a 2,4 g/t di oro, inclusi 26,0 m a 5,4 g/t Au. La scoperta si trova all'interno di un più ampio cluster epithermale-porfirico di 6 km x 6 km.
I risultati chiave includono un canale nord-sud con analisi di 69,1 m @ 2,4 g/t Au e 13 g/t Ag, con picchi di analisi di 0,7 m @ 16,1 g/t Au. Un canale est-ovest ha prodotto 7,0 m @ 1,2 g/t Au e 19 g/t Ag. La mineralizzazione rimane aperta in tutte le direzioni e si trova all'interno di un'anomalia aurifera nel suolo di 4 km x 4 km.
L'azienda ha ottenuto i permessi di perforazione per Belen (20 km a SW) con la perforazione programmata per il secondo trimestre del 2025. Molti obiettivi non testati circondano la mineralizzazione aurifera, inclusa una mineralizzazione porfirica di rame a 1,3 km a nord-ovest (192 m @ 0,16% Cu) e un obiettivo di oro-rame a 2,6 km a est.
Hannan Metals (HANNF) ha informado sobre una significativa mineralización de oro en su proyecto Previsto, del cual posee el 100% en Perú. El muestreo a través de canales reveló una mineralización de oro epithermal de tipo alcalino de alta ley, con 69.1 m a 2.4 g/t de oro, incluyendo 26.0 m a 5.4 g/t Au. El hallazgo se encuentra dentro de un mayor conglomerado epithermal-porfirico de 6 km x 6 km.
Los hallazgos clave incluyen un canal norte-sur que muestra 69.1 m @ 2.4 g/t Au y 13 g/t Ag, con picos de análisis de 0.7 m @ 16.1 g/t Au. Un canal este-oeste obtuvo 7.0 m @ 1.2 g/t Au y 19 g/t Ag. La mineralización permanece abierta en todas las direcciones y se sitúa dentro de una anomalía de oro en el suelo de 4 km x 4 km.
La compañía ha asegurado los permisos de perforación para Belen (20 km al suroeste) con la perforación programada para el segundo trimestre de 2025. Múltiples objetivos no probados rodean la mineralización de oro, incluida una mineralización porfirica de cobre a 1.3 km al noroeste (192 m @ 0.16% Cu) y un objetivo de oro-cobre a 2.6 km al este.
Hannan Metals (HANNF)는 페루에 위치한 100% 소유의 프레비스토 프로젝트에서 상당한 금 광맥을 보고했습니다. 채널 샘플링을 통해 69.1m at 2.4 g/t 금을 포함한 고품질 알카리형 열수 금 광맥이 발견되었으며, 여기에는 26.0m at 5.4 g/t Au가 포함됩니다. 이 발견은 6km x 6km 규모의 더 큰 열수-포피리 클러스터 내에 위치하고 있습니다.
주요 발견 사항으로는 69.1m @ 2.4 g/t Au 및 13 g/t Ag의 분석을 포함한 북남향 채널이 있으며, 최고 분석 결과는 0.7m @ 16.1 g/t Au입니다. 동서향 채널에서는 7.0m @ 1.2 g/t Au 및 19 g/t Ag가 나왔습니다. 광맥은 모든 방향으로 개방되어 있으며 4km x 4km 크기의 토양 속 금 아노말리 내에 위치합니다.
회사는 벨렌(남서쪽으로 20km)에 대한 시추 허가를 확보하였으며, 2025년 2분기에 시추를 예정하고 있습니다. 금 광맥을 둘러싼 여러 미검사 목표들이 있으며, 이 중에는 북서쪽 1.3km에 있는 구리 포피리 광맥(192m @ 0.16% Cu)과 동쪽 2.6km에 있는 금-구리 목표가 포함됩니다.
Hannan Metals (HANNF) a signalé une minéralisation aurifère significative sur son projet Previsto, dont il possède 100 % des parts, au Pérou. Le prélèvement de canaux a révélé une minéralisation aurifère épithermale de type alcalin de haute qualité avec 69,1 m à 2,4 g/t d'or, incluant 26,0 m à 5,4 g/t Au. La découverte se situe au sein d'un plus grand cluster épithermal-porphyrique de 6 km x 6 km.
Les principales conclusions incluent un canal nord-sud analysant 69,1 m @ 2,4 g/t Au et 13 g/t Ag, avec des analyses maximales de 0,7 m @ 16,1 g/t Au. Un canal est-ouest a donné 7,0 m @ 1,2 g/t Au et 19 g/t Ag. La minéralisation reste ouverte dans toutes les directions et se trouve à l'intérieur d'une anomalie de terre à or de 4 km x 4 km.
L'entreprise a obtenu les permis de forage pour Belen (20 km au sud-ouest), le forage étant prévu pour le deuxième trimestre 2025. Plusieurs cibles non testées entourent la minéralisation aurifère, y compris une minéralisation porphyrique de cuivre à 1,3 km au nord-ouest (192 m @ 0,16 % Cu) et un objectif or-cuivre à 2,6 km à l'est.
Hannan Metals (HANNF) hat signifikante Goldmineralisierung in seinem zu 100 % im Besitz befindlichen Projekt Previsto in Peru gemeldet. Kanalproben zeigten hochgradige alkalische epithermale Goldmineralisierung mit 69,1 m bei 2,4 g/t Gold, einschließlich 26,0 m bei 5,4 g/t Au. Die Entdeckung befindet sich innerhalb eines größeren 6 km x 6 km großen epithermal-porphyrischen Clusters.
Zu den wichtigsten Ergebnissen gehören ein Nord-Süd-Kanal mit Analysen von 69,1 m @ 2,4 g/t Au und 13 g/t Ag sowie Spitzenanalysen von 0,7 m @ 16,1 g/t Au. Ein Ost-West-Kanal lieferte 7,0 m @ 1,2 g/t Au und 19 g/t Ag. Die Mineralisierung bleibt in alle Richtungen offen und befindet sich innerhalb einer Gold-im-Boden-Anomalie von 4 km x 4 km.
Das Unternehmen hat Bohrgenehmigungen für Belen (20 km SW) erhalten, wobei das Bohren für das 2. Quartal 2025 geplant ist. Mehrere ungetestete Ziele umgeben die Goldmineralisierung, darunter eine Kupferporphyrmineralisierung 1,3 km nordwestlich (192 m @ 0,16 % Cu) und ein Gold-Kupfer-Ziel 2,6 km östlich.
- High-grade gold discovery with 69.1 m @ 2.4 g/t Au including 26.0 m @ 5.4 g/t Au
- Mineralization remains open in all directions within a large 6 km x 6 km cluster
- Drill permits secured for Belen project with drilling scheduled for Q2 2025
- Multiple untested targets identified with potential for district-scale mineralization
- Early-stage exploration with no defined resource estimates
- Drilling activities not yet commenced at the main discovery site
VANCOUVER, BC / ACCESS Newswire / February 6, 2025 / Hannan Metals Limited's ("Hannan" or the "Company") (TSXV:HAN)(OTC PINK:HANNF) is pleased to report a significant gold mineralization at its
Channel sampling has revealed high-grade alkalic-type epithermal gold mineralization with 69.1 m at 2.4 g/t gold ("Au") including 26.0 m at 5.4 g/t Au. The finding, which remains open in all directions, is situated within a larger 6 km x 6 km epithermal-porphyry cluster, further indicating the potential for a major new mineral district
Highlights:
Significant Gold Results: Two channels sampled continuous outcrop of alkalic-type epithermal gold mineralization:
A north-south channel (CH15486) assayed (Figures 2 to 5):
69.1 m @ 2.4 g/t Au and 13 g/t Ag (uncut), including:
26.0 m @ 5.4 g/t Au and 27 g/t Ag (lower cut 3 m @ 0.8 ppm Au)
The high-grade nature of mineralization is demonstrated by peak assays including:
0.7 m @ 16.1 g/t Au, 60 g/t Ag, 48 g/t Te
The channel remains open to both the north (4.8 g/t Au last assay) and south (0.8 g/t Au last assay) and a grab sample of outcrop located 60 m SSW assayed 0.8 g/t Au, 7 g/t Ag and 3.8 g/t Te.
An east-west channel (CH16401) that joins the northern end of CH15486 assayed (Figures 2 to 5):
7.0 m @ 1.2 g/t Au and 19 g/t Ag (lower cut 2.5 m @ 0.3 g/t Au), including:
The channel remains open to both the east (1.7 g/t Au last assay) and the west.
Large System: The channel sampled gold sits within a larger 6 km x 6 km epithermal-porphyry cluster, positioned on the northern edge of a 4 km x 4 km gold-in-soil anomaly (>0.1 g/t Au). This suggests significant potential for a large-scale mineralized system.
Style and Quality: The alkalic-type epithermal gold mineralization is particularly encouraging, as these systems can develop into large, high-grade deposits globally. The mineralogy suggests minimal erosion, indicating the potential preservation of a significant vertical extent of mineralization. Multiple untested targets surrounding the gold mineralization, including copper porphyry mineralization 1.3 km northwest (192 m @
0.16% Cu) and a gold-copper target 2.6 km east, underscore the district-scale opportunity.Strategic Position: This finding adds to Hannan's systematic prospecting of the 150 km long Valiente gold-copper project. With drill permits secured for Belen (20 km SW) and drilling scheduled for Q2 2025, the company is methodically derisking multiple targets across this emerging mineral belt.
Michael Hudson, CEO, states:"This new finding represents a potentially significant new gold district in Peru, with characteristics suggesting both high-grade potential and substantial scale. Identification of high-grade gold at surface with scale is extremely rare. Particularly given gold mineralization remains open in all directions and sits within an extensive 4 km x 4 km gold-in-soil anomaly that we have barely begun to explore.
"The alkalic-type epithermal gold style of mineralization is encouraging, as these systems globally can develop into large, high-grade deposits. We are in the very early stages here - these results comes from initial channel sampling, and we have multiple untested targets across the 4 km x 4 km soil gold anomaly.
"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 and transparent drill permitting system, we look forward to drilling at Belen in Q2 2025, located 20 km to the SW of Previsto, while we derisk this new gold finding to achieve staged drill programs across the entire 150 km long Valiente gold-copper project."
Geological Setting
The gold mineralization was discovered during follow-up of anomalous reconnaissance high-grade rock samples (0.4 m @ 7 g/t Au). The channels are located at the northern margin of a 4 km by 4 km soil gold anomaly >0.1 g/t Au, with the majority of the anomalous zone remaining untested. The gold mineralization was trenched along a small drainage while the soil samples were collected along ridge lines.
The main north-south channel (CH15486) sampled continuous outcropping alkalic-type epithermal gold mineralization assaying:
69.1 m @ 2.4 g/t Au, 13 g/t Ag and 11 g/t Te (uncut), including:
26.0 m @ 5.4 g/t Au, 27 g/t Ag and 21 g/t Te (lower cut 3 m @ 0.8 ppm Au)
The high-grade nature of mineralization is demonstrated by peak assays including:
3.0 m @ 12.7 g/t Au, 49 g/t Ag, 43 g/t Te
3.0 m @ 11.2 g/t Au, 53 g/t Ag, 36 g/t Te
0.7 m @ 16.1 g/t Au, 60 g/t Ag, 48 g/t Te
The channel remains open to both the north (4.8 g/t Au last assay) and south (0.8 g/t Au last assay) and a grab sample of outcrop located 62 m to the SSW assayed 0.8 g/t Au, 7 g/t Ag and 3.8 g/t Te
An east-west shorter channel (CH16401) that connects to the northern end of the CH15486 assayed:
7.0 m @ 1.2 g/t Au and 19 g/t Ag (lower cut 2.5 m @ 0.3 g/t Au), including:
2.0 m @ 1.6 g/t Au and 15 g/t Ag
2.5 m @ 1.7 g/t Au and 38 g/t Ag
The channel remains open to both the east (1.7 g/t Au last assay) and the west.
The host rock comprises a locally brecciated, calcareous K-feldspar porphyry of foid syenitic composition, locally containing large xenoliths of sedimentary rocks. Gold related alteration is dominated by very fine roscoelite (vanadium-rich potassic mica) and fine grey quartz veining with pyrite, both as veinlets and stock work. Manganese oxides are commonly replacing vein and breccia filling suggesting that the unweathered mineralization was associated with rhodochrosite, a manganese carbonate mineral commonly associated with low sulfidation epithermal deposits. Mineralization consists of
The outcropping mineralization is weathered, which complicates field observations, and results from detailed petrographic and spectral studies are pending. Locally, a roscoelite-dominated foliated zone hosts the highest grades. Fine free gold can be observed in some hand sample with a hand lens or microscope. The current interpretation suggests the gold mineralization may be controlled by late strike-slip faults with horizontal movement creating extensional structures within a compressional regime, focusing gold mineralization.
Channel samples are considered representative of the in-situ mineralization samples. At this stage true widths of mineralization are not known. Grab samples are selective by nature and are unlikely to represent average grades on the property.
Emerging Clustered Epithermal - Porphyry Copper-Gold System
Previsto is both an extremely large scale emerging alkalic-type epithermal gold and copper-gold porphyry system. Along with this new gold finding, Hannan has also identified a 4 km x 4 km gold in soil anomaly that also is associated to a degree with:
Porphyry copper mineralization located 1.7 km northwest from the gold mineralization where channel sample results (previously reported) include 192 m @
0.16% Cu and 126 m @0.22% Cu. The strongly leached copper mineralized zone shows moderate to strong phyllic alteration with multiple stages of stockwork veining containing pyrite-magnetite, chalcopyrite-fluorite, and carbonate-quartz-molybdenite assemblages.At Previsto East, located 2.6 km east of the sampled gold mineralization, a 1,800 m by 400 m gold-copper porphyry-epithermal target has been identified. The zone is characterized by strongly anomalous gold in soils (up to 0.6 g/t Au) and mineralized boulders (up to 1.9 g/t Au).
Next Steps at Previsto
The Company is advancing multiple work programs to develop the Previsto gold-copper prospect:
Expanded soil sampling and channel sampling programs to define the full extent of mineralization
Detailed prospecting, geological mapping and structural analysis to better understand mineralization controls
Implementation of further induced polarisation geophysical surveys over the project area
Advancement of drill permitting during 2025 as the scale of this large system becomes apparent.
Global Alkaline-Type Epithermal Gold Deposit Analogues
The gold mineralization at Previsto displays characteristics typical of alkalic-type epithermal gold systems, which are known to form significant high-grade deposits globally. Notable examples include:
Porgera (Papua New Guinea): Regarded as one of the world's top ten producing gold mines with historic production of 16 million ounces of gold and almost 3 million ounces of silver.
Cripple Creek (Colorado): The richest gold mine in Colorado with historic production >23 Moz Au.
Alkaline gold deposits are found in diverse geological settings, though they are typically linked to localized extensional regimes associated with alkaline rocks. These extensional structures facilitate the interaction between meteoric waters and deeper magmatic-hydrothermal fluids, leading to gold precipitation through fluid mixing. Their key characteristics include:
High-K calc-alkaline to alkaline igneous rocks, often as diatremes or intrusive complexes
Enrichment in elements like Ag, V, Te, Fe, F, K, Ba and Mo as well as high Au:Ag ratios
Complex structural controls with multiple mineralizing events and large vertical extent sometimes exceeding 1,000 m (Cripple Creek, Porgera)
Carbonate alteration and roscoelite (vanadium mica) as diagnostic features
About the Valiente Project
The
During 2021 Hannan staked and still holds 1,002 km2 of
Early surface prospecting discovered two outcropping copper-gold porphyry targets and one epithermal target at Belen (see Press Release Feb 16, 2023). Porphyry discoveries quickly followed at Serrano Norte, Serrano and Pucacunga. The focus more recently has been on Previsto. At Previsto and Belen, a district-scale porphyry cluster within an area of 25 km by 10 km, with eight porphyry and/or epithermal targets now identified in more detail with up to 10 earlier stage targets awaiting further work.
Hannan has achieved critical permitting milestones at the Belen Project in Peru. In November 2024, the company received the Declaracion de Impacto Ambiental (DIA) or Environmental Impact Statement from Peru's Ministry of Mines, which approved 40 drill platforms across 702 hectares. The Company is awaiting an Authorization for Exploration permit before drilling is expected to commence at Belen in Q2 2025, while Hannan continues to unravel the large scale alkalic gold-copper mineral system at Previsto.
The Company is executing a multi-year strategy to systematically explore and drill test its extensive land package in this emerging Miocene-aged linked porphyry-epithermal mineral belt.
Technical Background
All samples were collected by Hannan geologists. Samples were transported to ALS in Lima via third party services using trackable parcels and by company staff. At the laboratory, rock samples were prepared and analyzed by standard methods. The sample preparation involved crushing
About Hannan Metals Limited (TSXV:HAN) (OTCPK: HANNF)
Hannan Metals Limited is a natural resources and exploration company developing sustainable resources of metal needed to meet the transition to a low carbon economy. 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. Hannan is a top ten in-country explorer by area in Peru.
Mr. Michael Hudson FAusIMM, Hannan's Chairman and CEO, a Qualified Person as defined in National Instrument 43-101, has reviewed and approved the technical disclosure contained in this news release.
On behalf of the Board, "Michael Hudson" | Further Information |
Forward Looking Statements. Certain disclosure contained in this news release may constitute forward-looking information or forward-looking statements, within the meaning of Canadian securities laws. These statements may relate to this news release and other matters identified in the Company's public filings. In making the forward-looking statements the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. These risks and uncertainties include but are not limited to: the political environment in which the Company operates continuing to support the development and operation of mining projects; the threat associated with outbreaks of viruses and infectious diseases; risks related to negative publicity with respect to the Company or the mining industry in general; planned work programs; permitting; and community relations. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news.
SOURCE: Hannan Metals Ltd.
View the original press release on ACCESS Newswire
FAQ
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