Business
Hannan Identifies New 2 km Long Zone of High-Grade Copper Silver Mineralization at the San Martin Project Peru
Hannan Identifies New 2 km Long Zone of High-Grade Copper Silver Mineralization at the San...
About this update from Hannan Metals Ltd.
[{"type":"text","content":"\n\n\n\nHannan Identifies New 2 km Long Zone of High-Grade Copper Silver Mineralization at the San Martin Project Peru\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, BC, June 2, 2020\n\n\n\nVANCOUVER, BC, June 2, 2020 /CNW/ - Hannan Metals Limited (\"Hannan\" or the \"Company\") (TSXV: HAN) (OTCPK: HANNF) provides an update on its exploration and social programs at the 100% owned copper-silver San Martin Project in Peru.  San Martin is a newly discovered, basin-scale high-grade copper-silver project that extends for 120 kilometres along the foreland region of the eastern Andes Mountains in Peru (Figure 1).\nAs reported 28 May 2020, Peru remains on a state of emergency until the end of June to contain the COVID-19 outbreak.  From December 2019 through to mid-March 2020, Hannan completed an active field work program at its San Martin project in north eastern Peru. Numerous new copper and silver discoveries were made over a 20-kilometre trend within the 60 kilometre long Sacanche claim area (Figure 1).  The first set of geochemical assays from some of these areas are reported here.\nHighlights: \nA new 2-kilometre-long zone of high-grade copper-silver mineralization has been defined by mapping at the Nueva Esperanza prospect within the Sacanche claim: Mineralization was located within three E-W creeks during follow up of previously reported outcrop and boulder samples that assayed 0.6m @ 8.7% Cu and 59 g/t Ag and 30% Cu and 595 g/t Ag respectively (fig 2 and 4);Best new results from boulders in adjacent creeks include 10.0% Cu and 70 g/t Ag and 1.5% Cu and 31 g/t Ag (Figure 2). A total of 25 boulders have been sampled at Nueva Esperanza, which average 1.9% Cu and 31 g/t Ag, and range from 0.0% Cu to 30.1% Cu and 0.04 g/t Ag to 595 g/t Ag. A total of 19 outcrop samples have been taken at Nueva Esperanza, which average 0.54% Cu and 4 g/t Ag, and range from 0.0% Cu to 8.7% Cu and 0.04 g/t Ag to 59 g/t Ag. The Nueva Esperanza zone remains open to the north, south and down dip and regional results suggest an inferred strike of t...