HANNAN METALS LTD ORD - HANNF STOCK NEWS

Hannan Metals Limited announced a US$2M budget from its joint venture partner, JOGMEC, for the San Martin project in Peru, covering the period from April 2022 to March 2023. This funding is part of the Third Base Earn-in Period, where JOGMEC can earn up to a 75% interest by spending US$35M towards a feasibility study. The primary focus includes a diamond drilling program of up to 3,500 metres at Tabalosos East, aiming to confirm mineralization continuity. The company continues to engage local stakeholders in its operational areas.

Hannan Metals Limited has submitted its Declaracion de Impacto Ambiental (DIA) for the Tabalosos East copper-silver project in Peru, marking a key milestone for the company. The DIA enables low-impact mineral exploration to proceed, including drilling. The area designated for the DIA spans approximately 2,700 hectares, allowing for up to 40 drill platforms. Initial copper-silver sampling results are promising, with mineralization averaging 1.9% copper and 27 g/t silver. Final approvals are expected in Q3 2022, fostering further exploration.

Hannan Metals Limited (TSXV:HAN) (OTC PINK:HANNF) has provided an update on its exploration efforts at the Belen project area in Peru. A follow-up ridge-top soil sampling program has revealed two significant copper and gold soil anomalies over a 10-km trend, suggesting a connection to a zoned porphyry and epithermal mineral system. The anomalies are open in multiple directions and further sampling is underway. Results indicate a notable presence of copper, with samples showing up to 1,461 ppm, and the company plans to expand its current sampling efforts.

Hannan Metals Limited has announced significant developments at its 100%-owned Valiente copper-gold porphyry project in Peru. The company holds a dominant position in the region with 121 mining concessions covering 1,164 sq km. Initial soil sampling at the Belen prospect reveals a robust 1.6 km by 0.8 km copper anomaly, with samples indicating up to 1,461 ppm copper. Hannan plans to conduct an extensive airborne magnetic survey in mid-2022 to further explore this promising area.

Hannan Metals Limited (HANNF) announced significant advancements in copper-silver exploration at the Tabalosos East prospect in Peru, part of the San Martin Joint Venture. The company has doubled systematic channel samples, revealing high grades and continuity. Notable findings include a new mineralization zone at Renaco, extending 3 kilometers south, with an average of 1.1 meters at 2.1% copper and 29 g/t silver. Upcoming geophysical surveys aim to map mineralization at depth, with plans for a maiden drill program by mid-year.

Hannan Metals Limited (TSXV:HAN, OTC PINK:HANNF) has announced promising results from systematic channel sampling at the Tabalosos East prospect in Peru. Sampling over an 8-kilometre by 1-kilometre area yielded an average of 1.0 metre at 2.1% copper and 29 g/t silver across 42 of 53 channels. Notable findings include samples with grades up to 4.3% copper and 53 g/t silver. The exploration program, including a 782-line kilometre LiDAR survey, has positioned Hannan for future drilling in H1 2022. Additionally, the company has received the Certificate of Inexistence of Archaeological Remains, crucial for advancing exploration activities.

Hannan Metals Limited (HANNF) reports significant exploration results from the Tabalosos East prospect in Peru, revealing high-grade copper and silver mineralization. Surface channel sampling over a 500-meter strike returned assays such as 1.6m at 5.3% Cu and 83 g/t Ag. The mapping also identified a 10m wide zone of altered, bleached shale with anomalous copper over 650m. The company is preparing an Environmental Impact Statement to enable low-impact drilling anticipated in Q2 2022. This geological breakthrough reinforces the potential for widespread reduced facies mineralization in the Huallaga basin.

Hannan Metals Limited (TSXV:HAN)(OTC PINK:HANNF) announced positive results from its soil sampling program at the Tabalosos East prospect in Peru. The sampling identified significant extensions of the copper-silver mineralized shale horizon, now extending over 24 kilometers. High-grade mineralization includes up to 2.0 meters at 4.9% copper and 62 g/t silver. A total of 2,090 sites were sampled, with ongoing work to expand the area and prepare for trench sampling. Environmental permitting for advanced exploration is underway, indicating robust progress in the San Martin JOGMEC JV Project.

Hannan Metals Limited announced the exercise of 6,735,167 common share purchase warrants, raising $1,695,552 in gross proceeds. This represents a nearly universal take-up by shareholders, showcasing strong support for the company. The CEO, Michael Hudson, emphasized the alignment of interests among shareholders and insiders, which bodes well for Hannan's exploration efforts in Peru. With a healthy treasury and a $35M joint venture with JOGMEC, Hannan is well-positioned to advance its extensive copper-gold-silver exploration projects in the region.