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Hannan Expands the Belen CU-AU Porphyry Discovery in Peru
VANCOUVER, BC / ACCESSWIRE / February 16, 2023 / Hannan Metals Limited ("Hannan" or the "Co...
About this update from Hannan Metals Ltd.
[{"type":"text","content":"Hannan Expands the Belen CU-AU Porphyry Discovery in PeruVANCOUVER, BC / ACCESSWIRE / February 16, 2023 / Hannan Metals Limited (\"Hannan\" or the \"Company\") (TSXV:HAN)(OTC PINK:HANNF) is pleased to provide an update on the Belen copper-gold (\"Cu-Au\") target at the 100% owned Valiente project in Peru (Figure 1) where a large field team has continued to be active over the last months.The Belen Cu-Au porphyry is located 19 km east from the township of Tingo Maria in central Peru, within a previously unknown Miocene-age porphyry-epithermal copper-gold mineralized belt. The Belen project is contained within a 140 km by 50 km area, named the Valiente Project, where Hannan's exploration team has identified at least seven intrusion related porphyry/epithermal/skarn targets, of which Belen is the most advanced and described here in more detail (Figure 1).Highlights:Geology: Field teams have been active over last quarter with a 10-person exploration team continuing to build and strengthen the exploration targets at Belen.Mineralization has been defined over an expanded footprint from 8 km to 10 km strike.Initial indications of high-grade system developing at Sortilegio with assays up to 16.0% Cu and 4.4 g/t Au from a porphyry boulder grab sample.Geophysics: After a completing a 4,880 line km aeromagnetic survey across all of its 100% owned mining concessions at Valiente late in 2022, the Company has recently undertaken and completed a 19.4 line km pole-dipole induced polarization (\"IP\") geophysical survey at the Ricardo Herrera porphyry and Vista Alegre epithermal gold target. Results will be released after all data has been processed and interpreted.Permitting: Permissions to start the Declaracion de Impacto Ambiental (\"DIA\") or Environmental Impact Statement at Belen been received from authorities. The DIA is the primary environmental certification required to allow low impact mineral exploration programs, that includes drilling programs, to proceed in Peru. A multi-disciplinary team will be mobilized in the coming weeks. Work will involve archaeological investigations, community workshops and liaison activities to collect appropriate information necessary to make the submittal for approval to the General Directorate of Mining Environmental Affairs of the Ministry of Energy and Mines, Peru.Further results from the IP geophysica...