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Hannan Copper-Silver Shale Averages 1.0 Metre at 2.1% Copper, 29 G/T Silver Within 8 km by 1 km Area at San Martin Project, Peru
VANCOUVER, BC / ACCESSWIRE / November 30, 2021 / Hannan Metals Limited ("Hannan" or the...
About this update from Hannan Metals Ltd.
[{"type":"text","content":"Hannan Copper-Silver Shale Averages 1.0 Metre at 2.1% Copper, 29 G/T Silver Within 8 km by 1 km Area at San Martin Project, PeruVANCOUVER, BC / ACCESSWIRE / November 30, 2021 / Hannan Metals Limited (\"Hannan\" or the \"Company\") (TSXV:HAN)(OTC PINK:HANNF) is pleased to report an update on systematic channel sample results over a large area at the Tabalosos East prospect within the San Martin JOGMEC Joint Venture (\"JV\") sediment-hosted copper-silver project in Peru (Figure 1).Highlights:Systematic surface channel sampling of the outcropping mineralized copper shale over an 8-kilometre-long and 1-kilometre-wide area is demonstrating an emerging view of mineralization and the exploration opportunity at Tabalosos East:A total of 42 of 53 channels average 1.0 metre @ 2.1% copper and 29 g/t silver using a lower cut of 0.5% copper and range from 2.0 metres @ 4.9% copper and 62 g/t silver to 0.2 metres @ 0.8% copper and 18 g/t silver.Widths and grades are consistent with the drill discovery of the Kupferschiefer copper-silver deposits in 1957.Better, previously unreported results from 25 channel samples reported here include 1.5 metres @ 4.0% copper and 36 g/t silver and 1.0 metre @ 4.3% copper and 53 g/t silver (Table 1). Assay results are pending from an additional 36 channels. Outcrop is extremely poor with <1% exposed rock in the area. Individual outcrops were located with the aid of soil samples and LiDAR surveying;The channel sampled area at Tabalosos East represents only 1% of Hannan's 656 sq km of tenure at the San Martin JV area;Hannan continues to work closely with local stakeholders. Detailed archaeological work has now been completed at Tabalosos East and the Certificate of the Inexistence of Archaeological Remains (Certificado de Inexistencia de Restos Arqueológicos, or \"CIRA\") has been approved by the Ministry of Culture from San Martin.The 782 line kilometre (\"line km\") LiDAR survey over 64,500 hectares at San Martin has been completed with data analysis to be completed over the next month.Michael Hudson, CEO, states \"The 2021 exploration program has been transformational, as we continue to determine the scale, continuity and grades of the San Martin JV project. Ten months ago, the project consisted of high-grade copper-silver float in streams over very large areas, with a strong geological context provid...