Business
Hannan Announces Results of Airborne Survey at Valiente, Peru
VANCOUVER, BC / ACCESSWIRE / November 9, 2022 / Hannan Metals Limited ("Hannan" or the ...
About this update from Hannan Metals Ltd.
[{"type":"text","content":"Hannan Announces Results of Airborne Survey at Valiente, PeruVANCOUVER, BC / ACCESSWIRE / November 9, 2022 / Hannan Metals Limited (\"Hannan\" or the \"Company\") (TSXV:HAN) (OTC PINK:HANNF) is pleased to announce that the company has successfully completed a high-resolution, airborne geophysical survey on its 100%-owned Valiente project in central Peru. The survey is the first of its kind in a previously unknown Miocene-age porphyry-epithermal copper-gold mineralized belt. The Valiente project is contained within a 140 km by 50 km area.Before the airborne survey, Hannan's exploration team had identified at least 12 intrusion related porphyry/epithermal/skarn target areas, which correlate with porphyry indicator minerals from stream sediment samples (BLEG) and/or hydrothermally altered boulders in catchments across the 94,500 ha property. This is considered by Hannan to be an exceptional number of copper-gold targets discovered in a new Miocene belt at such an early stage of exploration, none which have ever been drill tested.Highlights:A 5,176-line kilometre airborne magnetic and radiometric survey has been completed and processed at the Valiente project. The survey covers the entire 94,500 ha of Hannan's 100%-owned mining concessions across the project area. The data are now being analyzed with preliminary results presented here.Hannan's preliminary evaluation of the airborne data demonstrates at least 18 magnetic anomalies of significance across the project.Magnetic and radiometric data were recorded simultaneously during the survey. Both data sets are instrumental for targeting porphyry deposits due to the presence of magnetic minerals (such as magnetite) and potassic alteration (from minerals such as biotite and K-feldspar), often associated with the core of porphyry mineral systems.A strong correlation is observed with known mineralized areas and magnetic and potassic radiometric anomalies such as at:The Belen prospect with two porphyry targets at Ricardo Herrera and Sortilegio (Figure 2)Valiente Norte, where four magnetic targets have been identified (Figure 3).Michael Hudson, CEO, states: \"Over 2022, the Valiente project has already delivered 12 different porphyry/epithermal/skarn target areas from geochemical and geological mapping. The airborne magnetic and radiometric survey has now delivered at least 18 magnetic tar...