Hannan Announces Copper-Gold Porphyry Discovery at Ucayali in Peru Samples up to 25.6% Copper

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[{"type":"text","content":"Hannan Announces Copper-Gold Porphyry Discovery at Ucayali in Peru Samples up to 25.6% CopperVANCOUVER, BC / ACCESSWIRE / January 27, 2021 / Hannan Metals Limited (\"Hannan\" or the \"Company\") (TSXV:HAN)(OTC PINK:HANNF) is pleased to announce initial field results from its 100% owned, 906 square kilometre, Ucayali project in Central Peru. Initial exploration has focused on two areas: Previsto and Belen, about 20 kilometres apart, with both stream sediment and float sampling and subsequent TerraSpec® spectral analysis being undertaken.Key points:At Previsto, initial reconnaissance field work has identified a large-scale hydrothermal system within a 6 kilometre x 3 kilometre area, that has the potential to host a porphyry copper-gold mineral system with an associated skarn (Figure 1).Multiple copper and gold mineralized float samples were identified within a 6 kilometre x 3 kilometre area defined by copper and gold anomalous stream sediment sampling. The best float sample assayed 25.6% copper and 28 g/t silver, sample 3703 (Figure 2-5) from an interpreted supergene enrichment zone;Exploration focused on a range that extends 10 kilometres in a north-south direction. The trend remains open to the north, west and south.Copper and gold mineralized porphyritic intrusive rocks were identified within float samples in creeks with propylitic, phyllic, intermediate argillic and potassium alteration, together with iron oxides, copper oxides, pyrite, chalcopyrite, chalcocite and neotocite;At Belen, a second copper and gold anomalous target was identified 20 kilometres south of Previsto. (Figures 2, 6 and 7). The zone is defined by altered outcrops and copper and gold anomalous stream sediment samples.Michael Hudson, CEO states, \"The back-arc basins of Peru have been sporadically explored over the last 30 years. The area represents a true last frontier within the metal-rich Andes mountain chain. In a similar way to our vast sediment-hosted copper-silver project in San Martin, we have once again opened a new search space in Ucayali, this time for copper-gold porphyry systems. Big systems have big footprints, and in a rare event, field teams were able to sample up to 25.6% copper in creeks within the first day or so of visiting the Ucayali project. Hannan is extremely well poised for a strong 2021 with a top 10 ground position in Peru, t...

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