Business
Hannan Identifies Significant Copper-Gold Porphyry-Epithermal Discoveries at Valiente, Peru
VANCOUVER, BC / ACCESSWIRE / May 12, 2022 / Hannan Metals Limited ("Hannan" or the "Com...
About this update from Hannan Metals Ltd.
[{"type":"text","content":"Hannan Identifies Significant Copper-Gold Porphyry-Epithermal Discoveries at Valiente, PeruVANCOUVER, BC / ACCESSWIRE / May 12, 2022 / Hannan Metals Limited (\"Hannan\" or the \"Company\") (TSX.V:HAN) (OTCPK:HANNF) is pleased to provide an update on exploration programs at the Belen project area at the 100%-owned Valiente copper-gold porphyry project 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.Highlights:Continued field work at the Belen prospect, which represents only a small proportion (4%) of Hannan's total landholding at the Valiente project, has identified four significant linked mineral systems, each with significant size and tenor, within a 9 km by 2 km trend (Figures 2-5).Southern porphyry copper-gold - epithermal gold targetA highly anomalous Cu-Au-Mo soil anomaly believed to represent the upper levels of a concealed copper-gold porphyry system over a 1,600m by 800m area, hosted by a Miocene-age porphyry intrusion with artisanal gold workings located downstream.Central Epithermal gold targetA 2 km long epithermal target area identified by gold mineralized boulders of quartz-pyrite and iron oxides as well as strongly gold anomalous soil samples over 1,500m. Up to 2.69 g/t Au and 59 g/t Te in rockchip samples from large quartz iron oxide float in creeks, and 3.2 g/t Au, 0.6% Cu and 20 ppm Mo in outcrop (photo in Figure 7).Central Skarn targetCretaceous limestone hosting a 400m long soil anomaly and open in all directions. Six soil samples 100 - 200m apart with Zn values ranging from 200 - 2,577 ppm, Pb 22 ppm - 127 ppm and gold fromNorthern porphyry copper-gold targetA Cu soil target defined by boulders and soil samples, over a 2,300m by 800m area with porphyry related alteration assemblages and veining common including potassic alteration and porphyry related veining with \"A\" type (quartz) and \"M\" type (magnetite) veins.Michael Hudson, CEO, states \"At Valiente, we see the emergence of a major new copper-gold mineral camp discovery. After five months our team has managed to define an array of impress...