Hannan Completes IP Geophysical Survey, Large Copper-Gold System Confirmed at Previsto, Peru
Hannan Metals has completed the first stage of a 79 line km Induced Polarization (IP) geophysical survey at the Previsto Prospect within the 100%-owned Valiente Project in Peru. The survey, coupled with field mapping and soil sampling, has confirmed a 6 km x 6 km large copper-gold porphyry and epithermal mineral system with seven high-priority targets.
Key findings include:
- Two porphyry targets identified within a 5 km long and up to 1 km wide intrusive trend
- Five epithermal gold targets correlating with extensive gold in soil anomalies
- The IP survey crew has moved to the Ricardo Herrera area within the Belen target for a 28 line km offset array 3D IP survey
The company is now focusing on providing further information on these targets for drill permitting. The Belen area, located 25 km southwest, contains two porphyry targets and an epithermal system over a 9 km strike.
Hannan Metals ha completato la prima fase di un'indagine geofisica mediante Polarizzazione Indotta (IP) di 79 km di linee presso il Previsto Prospect all'interno del progetto Valiente, di cui detiene il 100% dei diritti, in Perù. L'indagine, insieme alla mappatura sul campo e al campionamento del suolo, ha confermato un ampio sistema minerario di rame-oro porfirico ed epithermale di 6 km x 6 km con sette obiettivi prioritari.
I risultati principali includono:
- Due obiettivi porfirici identificati all'interno di una tendenza intrusiva lunga 5 km e larga fino a 1 km
- Cinque obiettivi epithermali per l'oro correlati a vaste anomalie di oro nel suolo
- Il team dell'indagine IP si è spostato nell'area di Ricardo Herrera, all'interno dell'obiettivo Belen, per un'indagine IP 3D con array offset di 28 km di linee
L'azienda ora si sta concentrando sull'offrire ulteriori informazioni su questi obiettivi per il permesso di perforazione. L'area di Belen, situata a 25 km a sud-ovest, contiene due obiettivi porfirici e un sistema epithermale su un'estensione di 9 km.
Hannan Metals ha completado la primera etapa de un estudio geofísico por Polarización Inducida (IP) de 79 km de líneas en el Previsto Prospect dentro del Proyecto Valiente, del cual posee el 100%. La encuesta, junto con el mapeo de campo y el muestreo de suelos, ha confirmado un sistema mineral de cobre-oro porfirítico y epithermal de 6 km x 6 km de tamaño con siete objetivos prioritarios.
Los hallazgos clave incluyen:
- Dos objetivos porfiríticos identificados dentro de una tendencia intrusiva de 5 km de largo y hasta 1 km de ancho
- Cinco objetivos epithermales de oro correlacionados con amplias anomalías de oro en los suelos
- El equipo de la encuesta IP se ha trasladado al área de Ricardo Herrera dentro del objetivo Belen para una encuesta IP 3D de 28 km de líneas con desplazamiento
La empresa ahora se está centrando en proporcionar más información sobre estos objetivos para los permisos de perforación. El área de Belen, situada a 25 km al suroeste, contiene dos objetivos porfiríticos y un sistema epithermal sobre una extensión de 9 km.
Hannan Metals는 100% 소유한 발리엔트 프로젝트 내 Previsto Prospect에서 79km의 유도 전기탐사(IP) 지구물리학 조사의 첫 번째 단계를 완료했습니다. 이 조사는 현장 지도 작성 및 토양 샘플링과 함께 6km x 6km 크기의 구리-금 porphyry 및 epithermal 광물 시스템을 확인했으며, 7개의 높은 우선순위 목표가 확인되었습니다.
주요 발견 사항은 다음과 같습니다:
- 5km 길이 및 최대 1km 폭의 침투 경향 내에서 확인된 두 개의 porphyry 목표
- 광범위한 토양에서의 금 이상 현상과 관련된 5개의 epithermal 금 목표
- IP 조사 팀은 벨렌 목표 내 리카르도 에레라 지역으로 이동하여 28km 오프셋 배열 3D IP 조사를 실시하고 있습니다.
회사는 현재 이 목표에 대한 추가 정보를 제공하여 시추 허가를 받을 수 있도록 노력하고 있습니다. 벨렌 지역은 남서쪽으로 25km 떨어져 있으며, 두 개의 porphyry 목표와 9km의 지층에서 epithermal 시스템이 존재합니다.
Hannan Metals a terminé la première étape d'une enquête géophysique par Polarisation Induite (IP) de 79 km de lignes au sein du Previsto Prospect dans le cadre du projet Valiente, dont il détient 100%. L'enquête, associée à une cartographie sur le terrain et à des échantillons de sol, a confirmé un système minéral de porphyre et épithermal de cuivre-or de 6 km x 6 km avec sept cibles de haute priorité.
Les résultats clés comprennent :
- Deux cibles porphyriques identifiées dans une tendance intrusive longue de 5 km et large jusqu'à 1 km
- Cinq cibles épithermales d'or corrélées avec des anomalies étendues d'or dans le sol
- L'équipe de l'enquête IP s'est déplacée vers la zone Ricardo Herrera, à l'intérieur de l'objectif Belen, pour une enquête IP 3D avec offset de 28 km de lignes
L'entreprise se concentre désormais sur la fourniture d'informations supplémentaires sur ces cibles pour obtenir les permis de forage. La zone de Belen, située à 25 km au sud-ouest, contient deux cibles porphyriques et un système épithermal sur une extension de 9 km.
Hannan Metals hat die erste Phase einer 79 Kilometer langen Induzierten Polarisation (IP) geophysikalischen Erhebung im Previsto Prospect innerhalb des 100%-eigenen Valiente-Projekts in Peru abgeschlossen. Die Erhebung, kombiniert mit Geländeerkundung und Bodenprobenahme, hat ein 6 km x 6 km großes Kupfer-Gold-Porphyr- und epithermales Mineralsystem mit sieben hochpriorisierten Zielen bestätigt.
Wichtige Ergebnisse sind:
- Zwei Porphyrziele innerhalb eines 5 km langen und bis zu 1 km breiten intrusiven Trends identifiziert
- Fünf epithermale Goldziele, die mit umfangreichen Goldanomalien im Boden korrelieren
- Die IP-Erhebungstruppe hat sich in das Gebiet Ricardo Herrera innerhalb des Belen-Ziels für eine 28 km lange Offset-Array-3D-IP-Erhebung bewegt
Das Unternehmen konzentriert sich nun darauf, weitere Informationen zu diesen Zielen für die Bohrgenehmigung bereitzustellen. Das Gebiet Belen, das 25 km südwestlich liegt, enthält zwei Porphyrziele und ein epithermales System über einen 9 km langen Schlag.
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VANCOUVER, BC / ACCESSWIRE / October 8, 2024 / Hannan Metals Limited's ("Hannan" or the "Company") (TSXV:HAN)(OTC PINK:HANNF) is pleased to announce that the company has completed the first stage of a 79 line km Induced Polarization ("IP) geophysical survey at the Previsto Prospect within the
Highlights:
Extremely large and multiple copper-gold targets: The first geophysical Induced Polarization ("IP") survey coupled with field mapping and soil sampling has confirmed a 6 km x 6 km large copper ("Cu") - gold ("Au") porphyry and epithermal Au mineral system characterized by seven high priority targets that are now being evaluated for drill permitting (Figure 3).
Two porphyry targets: have been identified within a 5 km long and up to 1 km wide intrusive trend (reported here).
Five epithermal targets: a significant advancement this season is the identification of five epithermal gold targets that correlate with the extensive gold in soil anomalies at Previsto.
Ricardo Herrera PorphyryCopper 3D survey: the geophysical survey crew have already moved to the next survey area, Ricardo Herrera within the Belen target area. An initial 28 line km offset array 3D IP survey is mapping the outcropping Miocene age calc-alkalic porphyry target where copper mineralization on surface coincides with strong phyllic and intermediate argillic alteration over 800 m x 250 m.
Michael Hudson, Executive Chairman and CEO, states: "The footprint of the Previsto mineral system now covers 6 km x 6 km and consists of two alkalic porphyry targets and five epithermal targets. The IP geophysical survey has been fundamental to refine our understanding and comprehend the scale of the mineral system that we are uncovering.
"Field work is now focused on providing further information on these selected targets for drill permitting. At the same time the IP survey crew has mobilized to the next target area, Belen, located 25 km to the south west. Belen contains two porphyry targets (Riccardo Herera and Sortilegio) and an epithermal system (Vista Alegre) over a 9 km strike."
Technical discussions:
The reported geophysical Induced Polarization survey ("IP") was the first at Previsto. Together with the multi-element soil sampling and mapping the footprint of the large mineral system covers an area of 6 km by 6 km. The IP survey has helped contextualize the significant gold in soil anomalies that were previously largely unexplained and highlighted the multiple epithermal gold target areas within the project (Figures 3 to 8).
Geochemical and geophysical experts have now been engaged to aid in the understanding of this vast system and further detailed information on each new target area will be released as further information is obtained.
Two porphyry targets: have been identified within a 5 km long and up to 1 km wide intrusive trend (reported here). These targets are subdivided into PC1 and PC2 (Figure 3):
PC1 - Outcropping porphyry mineralization: with up to 126 m @
0.22% Cu have been identified in the northern part of 5 km long and up to 1 km wide intrusive trend.PC2 - Two zones of high chargeability: correlating with outcropping phyllic alteration zones and potential feeder structures.
Five epithermal targets: a significant advancement this season is the characterization of four epithermal gold targets which correlate with the extensive gold in soil anomalies at Previsto.
HR1: 1,700 m x 1,000 m Au-As soil anomaly open to the East and South. Gossan and siliceous boulders are present on surface. High chargeability anomalies >15mv/v with shoulders of high resistivity interpreted to represent disseminated sulfides and silicification.
HR2 and HR3: Two subvertical high chargeability anomalies with high resistivity shoulders. Mapped by IP to depth and remains open down-dip. Extensive gold in soil anomalies >0.1 g/t Au associated with As. At surface vuggy silica alteration and advanced argillic alteration is observed within rock samples.
HR4: >3 km long and 1 km wide intrusive trend dominated by alkalic dykes and small intrusive bodies. Widespread gold anomalies in soil >0.1 to 0.3 g/t Au. Source unexplained to date but inferred association with breccia gossans and micro quartz veinlets in intrusions.
PE -Alkalic epithermal gold target: Gold-copper mineralization in boulders of all sizes over an 1,800 m by 450 m area. The strongest mineralization is associated with roscoelite (Figure 8 for vanadium in soils), hydrothermal breccias and lattice bladed quartz (first reported here). Multi-element soil anomaly of Au-Cu-V-Hg-Te-As-Mo-Zn-Pb with two distinct centers and a broad anomalism over 1,800 m strike and 450 m width.Two IP lines were surveyed (L100 and L200) over the target but the electrical signal failed to penetrate the highly conductive thick surficial clay-rich scree at surface (Figure 9).
Previsto Central is defined by a large 10 km by 5 kmairborne magnetic and radiometric anomaly. Alteration associated with porphyry intrusions is often magnetic (from magnetite) and potassic (from sericite/biotite/K-feldspar). At Previsto anomalous soil anomalies are associated with areas of elevated magnetics and potassium indicating minerals associated with porphyry alteration. The footprint dimensions of the alteration system at Previsto are considered significant on a global scale for a porphyry system. This area remains the main focus of the Company's field programs during the dry season.
This Previsto Central prospect is located 2.5 km west of the Previsto East (reported on April 10, 2024). The style of mineralization observed at both prospects show strong similarities, where alteration assemblages and mineralization styles include hydrothermal breccias, intense phyllic alteration and relics of potassic alteration, roscoelite veining/dissemination and replacement of feldspars, observed sulfide minerals include chalcopyrite, molybdenite, pyrite. Veining is rare and generally only thin quartz and quartz-pyrite-iron oxide veinlets have been observed in boulders. The porphyries intrude Cretaceous sandstones and limestone sediments.
Litho-geochemistry at Previsto shows a clear alkaline composition of the porphyry instructive host. The porphyries intrude sediments (sandstone, limestone, and shale) which show contact metasomatism around dykes and intrusive stocks.
Survey description
The Induced Polarization ("IP) geophysical survey was carried out by GeoMad E.I.R.L a consultancy company based out of Lima, Peru. The survey consists of pole-dipole electrode configuration on single lines with electrode spacing at 100 m intervals. The length of the line varied between 1.2 km and 6.8 km, in total 4 lines were surveyed. The equipment consisted of a Huntec 10Kw 20A transmitter and 10 channel ELREC PRO receiver. Stations were recorded by LECIA GS15 GNSS.
About the Valiente project
The
During 2021 Hannan staked and still holds 1,002 km2 of
In January 2024 Hannan submitted it first drilling application (DIA) covering two porphyry targets and one epithermal target at the Belen zone (here for news release). The company is now expanding the footprint by exploring new areas to build a pipeline of projects that will be permitted, and drill tested over the coming five years.
Other News
Valiente Peru (Hannan
The DIA application for the Belen area was submitted in late January 2024 and has been progressing through the bureaucratic system. Over the last week the water authority (ANA) provided further observations to the DIA application which the Company's hydrologist rapidly addressed. It remains the Company's expectation, with all paperwork completed, to receive the DIA approval before the end of 2024. If this timetable is maintained drilling is expected to commence in Q1 2025.
The permit area contains two outcropping porphyry targets (Ricardo Herrera and Sortilegio) and one zone with signatures of both porphyry-epithermal and skarn mineralization (Vista Alegre) where current IP surveys are being run.
San Martin (JOGMEC JV - Peru)
The environmental permit, the Declaracion de Impacto Ambiental ("DIA") for 40 drill platforms was received from the Ministry of Mines in Peru during January 2024. The DIA is the primary environmental certification required to allow low impact mineral mineral prospecting programs, that includes drilling programs, to proceed at the San Martin copper-silver project in Peru.
The Authorization to Initiate activities has been delayed. Over the last week, Hannan resubmitted the application for the easement of the surface land ("servidumbre") with the regional government of San Martin. The Company has legal permission from the local landholders and communities who have lived on the land for decades. The Company anticipates approval of Authorization to Initiate activities before the end of 2024, but drilling would not now be expected to commence until Q1 2025.
Environmental data collection to support a new DIA application at San Martin West project 40 km west of San Martin, has been put on hold to focus on permissions at San Martin.
Cerro Rolando Chile (Hannan has option to earn
Hannan is in the process of permitting a small drill program to test a shallow conductor at the Cerro Rolando Project in Chile. The conductor has been modeled to a depth of 60 m and may represent a perched supergene blanket from a mineralized porphyry at depth.
A community contract was recently signed, and final drill approval from the authorities is anticipated during October 2024. Permitting for 3 platforms has been made with a minimum contract requirement for one 100 m deep hole to test the shallow conductor. The conductor is 10 m to 15 m thick and open to the E and W. It directly overlays a magnetic anomaly that is modeled to 450 m depth. The drill target is located at a regional significant NNW lineament that controls the emplacement of the giant Chuquicamata deposit.
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)(OTC PINK:HANNF)
Hannan Metals Limited is a natural resources and mineral prospecting 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, including the novel COVID-19 virus; 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.
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FAQ
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