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Hannan Identifies Outcropping Cu-Au Porphyry Mineralization Over 1600m Long And 800m Wide Area At The 100% Owned Valiente Project
VANCOUVER, BC / ACCESSWIRE / June 13, 2022 / Hannan Metals Limited ("Hannan" or the "Co...
About this update from Hannan Metals Ltd.
[{"type":"text","content":"Hannan Identifies Outcropping Cu-Au Porphyry Mineralization Over 1600m Long And 800m Wide Area At The 100% Owned Valiente ProjectVANCOUVER, BC / ACCESSWIRE / June 13, 2022 / Hannan Metals Limited (\"Hannan\" or the \"Company\") (TSXV:HAN)(OTC PINK:HANNF) is pleased to provide an update at the Belen copper-gold porphyry project at the 100%-owned Valiente in central Peru (Figures 1 and 2).The Valiente Project, located 19 km east from the township of Tingo Maria in central Peru, defines a previously unknown Miocene-age porphyry-epithermal copper-gold mineralized belt within a 140 km by 50 km area in Peru 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.Highlights:Detailed field work at the Belen prospect, which represents a small proportion (4%) of Hannan's total landholding at the Valiente project, has consisted of infill soil sampling over a 1,600 m by 800 m area and coincident identification of an outcropping leached copper-gold porphyry with well-developed quartz veining with evidence for an enriched chalcocite blanket at the Southern Porphyry Copper-Gold Target (Figures 2-7).A gold-bearing epithermal target area identified by large gold mineralized boulders of quartz-pyrite and iron oxides as well as strongly gold anomalous soil samples has been discovered 2.5 km NW of the Southern Porphyry Target, where a systematic 100 m x 100 m soil sampling program has identified two strong gold anomalous trends that extend for 1800 m and 970 m respectively.Michael Hudson, CEO, states \"Hannan's has located a new Miocene-age copper-gold mineral camp within a 140 km by 50 km area at Valiente. At Belen we see extensive and systematic soil sample anomalies over multiple kilometres. What is most encouraging is the presence of an outcropping leached copper-gold porphyry with well-developed porphyry alteration and quartz veining at upper topographic levels with evidence of an enriched chalcocite blanket within lower lying creeks. This is the first bone fide bedrock find at the Valiente project. We look forward to more detailed field work including channel sampling at Belen and working up adjacent porphyry targets. The Company is also initiating work to commence drill permitting.\"A linked porphyry copper-gold an...