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Hannan Commences Geophysical Surveys on the Cerro Rolando Copper Porphyry Project in Chile
VANCOUVER, BC / ACCESSWIRE / April 26, 2023 / Hannan Metals Ltd. ("Hannan" or the "Company"...
About this update from Hannan Metals Ltd.
[{"type":"text","content":"Hannan Commences Geophysical Surveys on the Cerro Rolando Copper Porphyry Project in ChileVANCOUVER, BC / ACCESSWIRE / April 26, 2023 / Hannan Metals Ltd. (\"Hannan\" or the \"Company\") (TSXV:HAN) (OTC PINK:HANNF) is pleased to announce the commencement of a rapid and cost-effective ground geophysical program designed to accurately locate drill targets at the Cerro Rolando Project, located within the Paleocene metallogenic belt 100 km northwest of Calama, in Region 2 of northern Chile.Highlights:A geophysical crew has been mobilised to commence ground geophysical surveys that includes ground magnetics, and based on success of the magnetic survey, a moving-loop ground electromagnetic (\"EM\") survey will be undertaken.The aim of the geophysical surveys is to precisely locate targets for follow-up drill testing.Michael Hudson, Chairman & CEO of Hannan states, \"We are wasting no time in testing Cerro Rolando with field crews mobilised within a month of signing of our agreement to earn up to 100% of this high-value porphyry copper target in the Paleocene Belt of Region 2, Chile. The rapid and cost-effective surveys are aimed at defining drill targets that we can then permit within 3-4 months and be drilling in Q3 2023. Meanwhile diamond drilling at the Kilmurry target in Ireland is proceeding well with the target expected to be reached in mid-May.\"Regional magnetics shows Cerro Rolando is located on a major north-south trending structure. This structure is thought to be the control for a regional basement high. Historic airborne EM data models a 1.2 km long conductor at the base of 200 m thick pampa cover (overburden defined by seismic surveys), just above a modelled magnetic body from historic airborne data. A rapid and cost-effective ground geophysical survey is now underway to confirm the historic data and accurately define drill targets. The surveys include:Ground magnetics - 100 line km (25 lines @ 4 km) that will cover 50% the 4,800 hectare project area, and is designed to identify and map a magnetic body that may correlate to the buried potassic core of a copper-bearing porphyry.If successful, the magnetic survey will be followed by a fixed loop EM survey, consisting of 36 x 200 m x 200 m loops (6 lines @ 600 m line x 500 m station spacing) designed to identify an interpreted conductive and flat laying supergene chalco...