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Hannan Geophysical Survey Outlines Significant Exploration Target to 500 metres Depth at the Valiente Porphyry Project, Peru
VANCOUVER, BC / ACCESSWIRE / February 23, 2023 / Hannan Metals Limited ("Hannan" or the "Co...
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[{"type":"text","content":"Hannan Geophysical Survey Outlines Significant Exploration Target to 500 metres Depth at the Valiente Porphyry Project, PeruVANCOUVER, BC / ACCESSWIRE / February 23, 2023 / Hannan Metals Limited (\"Hannan\" or the \"Company\") (TSXV:HAN)(OTC PINK:HANNF) is pleased to provide results from a 13.7 km Induced Polarization (\"IP\") geophysical survey at the Belen copper-gold (\"Cu-Au\") target at the 100% owned Valiente project in Peru (Figure 1).The results of this survey at the Ricardo Herrera prospect identified two chargeable zones corresponding to two mapped porphyry units. Each represents a significant exploration target. The second target demonstrates the greatest potential with a chargeable zone over 800 m x 600 m and to at least 500 m depth which remains open.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 (Figure 1).Highlights:Hannan has identified two spatially connected mineralized events at the Ricardo Herrera porphyry target at Belen, herein termed Early Porphyry One and Two.Early Porphyry OneNew results from an IP Pole-Dipole geophysical survey mapped a combined chargeable and resistivity zone over an area of 600 m by 300 m to 250 m depth.This unit is dated at 15.8Ma (± 0.1Ma) and is composed of a plagioclase hornblende porphyry with intermediate argillic alteration and relics of secondary biotite. Veins are dominated by \"early biotite\", type M veins and type A veins. Observed sulphide minerals are pyrite, chalcopyrite, chalcocite and molybdenite.Early Porphyry TwoThe IP Pole-Dipole geophysical survey defined a larger combined chargeable and resistivity zone over an area of 800 m by 600 m on surface, and to at least 500 m depth, to the maximum depth limits of the geophysical survey.This unit is dated 15.4 Ma (±0.1Ma) and 0.4 Ma younger than Early Porphyry One. It is composed of a hornblende-felspar porphyry dominated by phyllic alteration and quartz veins \"type-A\" with mineralization of pyrite and chalcopyrite in veinlets. To date, Early Porphyry Two demonstrates better leached geochemical results (Figure 2).Michael Hudson, CEO, states: \"Moving from the 2D space with geological ma...