Hannan Channel Samples 1.6m @ 5.3% Copper and 83 G/T Silver and Confirms Reduced Shale Host at Tabalosos East, Peru

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[{"type":"text","content":"Hannan Channel Samples 1.6m @ 5.3% Copper and 83 G/T Silver and Confirms Reduced Shale Host at Tabalosos East, PeruVANCOUVER, BC / ACCESSWIRE / September 20, 2021 / Hannan Metals Limited (\"Hannan\" or the \"Company\") (TSXV:HAN)(OTC PINK:HANNF) reports on exploration program results from the Tabalosos East prospect within the San Martin JOGMEC JV sediment-hosted copper-silver project in Peru (Figures 1 and 2).Highlights:Surface channel sampling from outcrops at Tabalosos East, taken over a 500-metre strike, returned significant results from three new outcrops. The zone is located 1.9 kilometres north of previously reported mineralization and is interpreted to be hosted in the same mineralized horizon. Better assays included (Figures 1 and 2):2.8 metres (\"m\") @ 3.0% copper (\"Cu\") and 48 g/t silver (\"Ag\") (partially sampled)Including 1.6m @ 5.3% Cu and 83 g/t Ag2.0m @ 1.1 % Cu and 11 g/t Ag0.2m @ 2.2 % Cu and 27 g/t Ag (partially sampled)Separately, 1.2 kilometres east of the new outcrops, mapping over significant distances of mineralized outcrops in trenches, exposed beneath soil anomalies, clearly demonstrates that copper is hosted by a fine grained, organic-rich reduced shale within a bleached package of shaly siltstones:A 10m wide altered and bleached zone with anomalous copper has been mapped and inferred over 650m of strike with geochemical assays from 380m of strike including 1.2m @ 0.52% Cu and 6 g/t Ag and 3.5m @ 0.73% Cu and 9 g/t Ag including 0.2 m @ 1.1% Cu and 13 g/t Ag;This is considered critical new geological information, as it is the first time that detailed mapping, over the larger scale, has defined a mappable, consistent, and well-defined fine-grained, reduced organic shale, previously only mapped between sporadic boulders and poorly exposed outcrops;This provides further evidence that the mineralization at San Martin and is of the reduced facies sediment hosted copper-silver \"Kupferschiefer\" style;All mineralization described above is located at Tabalosos East where the company is currently preparing an Environmental Impact Statement (Declaración de Impacto Ambiental, or \"DIA\") study. The DIA, previously reported here, will allow low impact mineral exploration that includes diamond drilling of up to 40 platforms in a 9 x 3 kilometre area. Subject to permitting, drilling is anticipated to take p...

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