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Hannan Discovers 2.4 km Long Geophysical IP Anomaly at the Vista Alegre Epithermal Prospect at Valiente, Peru

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Hannan Metals has identified a significant IP anomaly at the Vista Alegre epithermal prospect within its Valiente copper-gold project in Peru. The discovery reveals two distinct types of anomalies: a high chargeability - low resistivity zone extending over 2.4 km strike with up to 0.23 ppm gold in soils, and high chargeability - high resistivity zones over 1 km strike with mineralized silicified boulders containing up to 1.98 g/t Au and 29 g/t Ag.

The target is drill-ready with 12 approved platforms, and drilling is scheduled to commence in Q2 2025. Vista Alegre shows multi-signature characteristics including epithermal, porphyry, and skarn features, with mineralization appearing in siliceous boulders and weathered diorite outcrops along two trends extending 3 km in total.

Hannan Metals ha identificato un'anomalia IP significativa nel progetto epithermale di Vista Alegre, all'interno del progetto rame-oro Valiente in Perù. La scoperta rivela due distinti tipi di anomalie: una zona ad alta carica - bassa resistività che si estende per 2,4 km con fino a 0,23 ppm di oro nei suoli, e zone ad alta carica - alta resistività lungo 1 km con massi mineralizzati silicificati contenenti fino a 1,98 g/t Au e 29 g/t Ag.

Il target è pronto per essere trivellato con 12 piattaforme approvate, e le trivellazioni sono programmate per iniziare nel secondo trimestre del 2025. Vista Alegre mostra caratteristiche a multicone firme, comprese caratteristiche epithermali, porfiriche e skarn, con mineralizzazione che appare in massi silicei e affioramenti di diorite alterata lungo due trend che si estendono per un totale di 3 km.

Hannan Metals ha identificado una anomalía IP significativa en el prospecto epithermal de Vista Alegre dentro de su proyecto de cobre-oro Valiente en Perú. El descubrimiento revela dos tipos distintos de anomalías: una zona de alta cargabilidad - baja resistividad que se extiende por 2.4 km con hasta 0.23 ppm de oro en los suelos, y zonas de alta cargabilidad - alta resistividad a lo largo de 1 km con bloques mineralizados silicificados que contienen hasta 1.98 g/t Au y 29 g/t Ag.

El objetivo está listo para perforar con 12 plataformas aprobadas, y la perforación está programada para comenzar en el segundo trimestre de 2025. Vista Alegre muestra características de múltiples firmas, incluyendo epithermal, pórfido y características de skarn, con mineralización que aparece en bloques silíceos y afloramientos de diorita weathered a lo largo de dos tendencias que se extienden un total de 3 km.

Hannan Metals는 페루의 발리엔테 구리-금 프로젝트 내 비스타 알레그레의 에피터말 탐사에서 중요한 IP 이상 현상을 확인했습니다. 이 발견은 두 가지 뚜렷한 유형의 이상 징후를 드러냅니다: 2.4km의 길이에 걸쳐 0.23ppm의 금을 포함하는 고 전하-저 저항성 구역과 1km 내에 고전하-고 저항성 지역으로 구성된 실리카화된 미네랄 블록이 포함되어 있으며, 이론적으로 최대 1.98g/t Au와 29g/t Ag가 포함되어 있습니다.

타겟은 12개의 승인받은 플랫폼이 준비되어 있으며, 드릴링은 2025년 2분기에 시작될 예정입니다. 비스타 알레그레는 에피터말, 포르프리 및 스카른 특성 등 다중 서명 특성을 보여주며, 실리케이즈 블록과 풍화된 디올라이트 노출부에서 광물화가 나타납니다. 이들은 총 3km로 확장된 두 가지 트렌드에 걸쳐 있습니다.

Hannan Metals a identifié une anomalie IP significative dans le prospect épithermal de Vista Alegre au sein de son projet de cuivre-or Valiente au Pérou. La découverte révèle deux types distincts d'anomalies : une zone à haute chargeabilité - basse résistivité s'étendant sur 2,4 km avec jusqu'à 0,23 ppm d'or dans les sols, et des zones à haute chargeabilité - haute résistivité sur 1 km avec des blocs minéralisés silicifiés contenant jusqu'à 1,98 g/t Au et 29 g/t Ag.

La cible est prête à être forée avec 12 plateformes approuvées, et le forage est prévu pour commencer au deuxième trimestre 2025. Vista Alegre présente des caractéristiques à signatures multiples, y compris épithermal, porphyrique et skarn, avec minéralisation apparaissant dans des blocs siliceux et des affleurements de diorite altérée sur deux tendances s'étendant au total sur 3 km.

Hannan Metals hat an dem epithermalen Prospekt von Vista Alegre innerhalb seines Kupfer-Gold-Projekts Valiente in Peru eine signifikante IP-Anomalie identifiziert. Die Entdeckung zeigt zwei verschiedene Arten von Anomalien: eine zone mit hoher Ladefähigkeit - niedriger Resistivität, die sich über einen Streifen von 2,4 km erstreckt und bis zu 0,23 ppm Gold im Boden aufweist, und hohe Ladefähigkeit - hohe Resistivitätszonen, die sich über 1 km mit mineralisierten, silikatisierten Blöcken erstrecken, die bis zu 1,98 g/t Au und 29 g/t Ag enthalten.

Das Ziel ist bohrbereit mit 12 genehmigten Plattformen, und das Bohren ist für das 2. Quartal 2025 geplant. Vista Alegre zeigt Merkmale mehrerer Signaturen, darunter epithermale, porphyrische und skarn-spezifische Merkmale, mit Mineralisierungen, die in silikatischen Blöcken und verwitterten Dioritvorkommen entlang von zwei Trends erscheinen, die sich insgesamt über 3 km erstrecken.

Positive
  • Discovery of extensive 2.4 km IP anomaly with significant gold mineralization
  • Drill-ready status with 12 approved platforms
  • Multiple mineralization types identified (epithermal, porphyry, and skarn)
  • High-grade samples showing up to 1.98 g/t Au and 29 g/t Ag
Negative
  • Drilling not commencing until Q2 2025
  • surface outcrops in the target area

VANCOUVER, BC / ACCESSWIRE / December 5, 2024 / Hannan Metals Limited ("Hannan" or the "Company") (TSXV:HAN)(OTC PINK:HANNF) is pleased to report the identification of a significant IP anomaly at the Vista Alegre epithermal prospect within the Company's 100%-owned Valiente copper-gold project in Peru (Figure 1).

Highlights:

  • Broadly, two distinct types of anomalies were identified in the IP geophysical survey (Figures 2 to 7):

    • High chargeability - low resistivity zone over 2.4 km strike and up to 500 m deep coinciding with up to 0.23 ppm gold in soils (Figures 3 to 7) suggesting mineralization is associated with sulphide assemblages and argillic clay alteration;

    • High chargeability - high resistivity zones over 1 km strike coinciding with mineralized silicified boulders containing white milky quartz, arsenopyrite, chalcopyrite and pyrite assaying up to 1.98 g/t Au and 29 g/t Ag. (reported here) (Figures 3 to 7) suggesting epithermal-style mineralization associated with strongly silicified structures.

  • The target is drill-ready with 12 platforms approved as part of the recently granted DIA permit (reported here).

  • Drilling is anticipated to commence in Q2 2025.

Michael Hudson, CEO, states: "The identification of large scale and coherent IP geophysical anomaly at Vista Alegre represents another significant milestone in the development of the Valiente Project. The correlation between the geophysical anomaly, surface mineralization, and soil geochemistry provides us with compelling and de-risked drill targets. With our recently approved DIA permit including 12 drill platforms at Vista Alegre, we are well-positioned to test this extensive epithermal system in Q2 2025."

Geophysical Interpretation

Vista Alegre represents a significant epithermal target controlled by a prominent northwest-trending thrust fault that juxtaposes sedimentary sequences against phaneritic intrusive rocks. This structural corridor has been intruded by later-stage porphyritic intrusions and small massive to semi-massive magnetite bodies.

The integration of induced polarization (IP), resistivity, high-resolution aeromagnetic data (Figure 2), and surface geochemistry (Figure 3) has identified a substantial anomaly coincident with the thrust zone. Analysis of horizontal depth slices through the 3D IP inversion model (Figures 4 to 7) reveals multiple target types with distinct geophysical signatures correlating with surface geochemical anomalies up to 500 m below surface:

  1. High chargeability - low resistivity zone over 2.3 km strike coinciding with up to 0.23 ppm gold in soils (Figures 3 to 7) suggesting mineralization is associated with sulphide assemblages and argillic clay alteration. No surface outcrops are present, although gold soil values are higher, especially in the northern sector. The structure dips southwest at approximately 60 degrees with some chargeable highs located on thrust bends, which may potentially be significant.

  2. High chargeability - high resistivity zones over 1 km strike coinciding with mineralized silicified boulders containing white milky quartz, arsenopyrite, chalcopyrite and pyrite assaying up to 1.98 g/t Au and 29 g/t Ag. (reported here) (Figures 3 to 7) suggesting mineralization of epithermal character associated with strongly silicified structures.

The magnetic data exhibits variable wavelength responses across the trend, with broader wavelength anomalies indicative of deeper magnetite-bearing sources. A discrete magnetic body in the northern survey area displays sharp amplitude anomaly characteristic of a shallow magnetic source, likely representing a mapped intrusive magnetite body. Multiple northeast structures were also identified in the data with possible offsetting of the main northwest trending high chargeability - low resistivity zone. This spatial association of deep and shallow magnetic features, coupled with the extensive IP chargeability anomaly and coincident gold anomalies, suggests a well-developed mineral system with significant vertical extent and a preserved mineral system.

Geophysical Survey Details

The Induced Polarization ("IP") geophysical survey was carried out by GeoMad E.I.R.L, a Lima-based consultancy company. The survey employed a pole-dipole electrode configuration on single lines with electrode spacing at 100 m intervals. Four lines were surveyed with lengths varying between 1.2 km and 6.8 km. Equipment used included:

  • Huntec 10Kw 20A transmitter

  • 10 channel ELREC PRO receiver

  • LECIA GS15 GNSS for station recording

Geological Setting and Mineralization

Vista Alegre is a multi-signature target showing epithermal, porphyry and skarn characteristics, located in flat terrain with limited outcrops. Epithermal mineralization appears in two forms:

  1. Siliceous boulders containing milky quartz, pyrite, chalcopyrite and arsenopyrite

  2. Weathered diorite outcrops with gold in sulphide veins and iron oxides

Two trends extend 3 km in total, one following mineralized boulders along an Andean thrust fault, and another marked by gold anomalous soil samples.

About the Valiente Project

Hannan Metals' Valiente Project identified a Miocene porphyry copper-gold belt in Peru's back-arc, with 18 Cu-Au porphyry and epithermal systems across 140 km x 50 km. The Belen Prospect (Figure 1), 19 km east of Tingo Maria, features three main targets: Ricardo Herrera, Vista Alegre, and Sortilegio. Despite being only 4% of Hannan's holdings, Belen shows significant potential through extensive anomalies.

Technical Background

All samples were collected by Hannan geologists. Samples were transported to ALS in Lima via third party services using traceable parcels. At the laboratory, rock samples were prepared and analyzed by standard methods. The sample preparation involved crushing 70% to less than 2 mm, riffle split off 250g, pulverize split to better than 85% passing 75 microns. Samples were analyzed by method ME-MS61, a four-acid digest preformed on 0.25g of the sample to quantitatively dissolve most geological materials. Analysis is via ICP-MS. Channel samples are considered representative of the in-situ mineralization samples and sample widths quoted approximate the true width of mineralization, while grab samples are selective by nature and are unlikely to represent average grades on the property. Gold was analyzed by ALS in Lima using a standard sample preparation and 30g fire assay sample charge.

About Hannan Metals Limited (TSXV:HAN)(OTC PINK: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.

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"
Michael Hudson, Chairman & CEO

Further Information
www.hannanmetals.com
1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7
Mariana Bermudez, Corporate Secretary,
+1 (604) 685 9316, info@hannanmetals.com

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 accesswire.com

FAQ

What is the size of the IP anomaly discovered at Hannan Metals' (HANNF) Vista Alegre prospect?

The IP anomaly at Vista Alegre extends over 2.4 km strike length and up to 500m deep, with high chargeability - low resistivity zones.

When will Hannan Metals (HANNF) begin drilling at Vista Alegre?

Hannan Metals plans to commence drilling at Vista Alegre in Q2 2025.

What are the gold grades found in the Vista Alegre prospect samples (HANNF)?

Surface samples at Vista Alegre showed up to 1.98 g/t Au and 29 g/t Ag in mineralized silicified boulders, and up to 0.23 ppm gold in soils.

How many drill platforms has Hannan Metals (HANNF) received approval for at Vista Alegre?

Hannan Metals has received approval for 12 drill platforms at Vista Alegre through their DIA permit.

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