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Hannan Increases Granted Mining Concessions by 50% in Peru
Hannan Increases Granted Mining Concessions by 50% in Peru Canada NewsWire VANCO...
About this update from Hannan Metals Ltd.
[{"type":"text","content":"\n\n\n\nHannan Increases Granted Mining Concessions by 50% in 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, May 28, 2020\n\n\n\nVANCOUVER, May 28, 2020 /CNW/ - Hannan Metals Limited (\"Hannan\" or the \"Company\") (TSXV: HAN) (OTCPK: HANNF) provides an update on its exploration and social programs and on the status of further granted mining concessions.\n\n \n \n \n \n \n \n\n \nHighlights: \nA total of 42 granted mining concessions for 320 sq km at San Martin have now been granted at the San Martin project in Peru. This is an increase of 50% from previously reported on February 10, 2020. The project consists of a total of 87 mining concessions and applications for 65,600 hectares (656 sq km) that cover multiple trends within 110 kilometres of combined strike for sedimentary-hosted copper-silver mineralization (Figure 1). Granted concessions provide secure tenure and allows for more advanced social and exploration work programs to be executed; 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). Geochemical assays are pending for many of these areas and are expected to be returned in the coming weeks; Peru initiated a state of emergency and lock down on March 16, 2020, and recently extended this until the end of June to contain the COVID-19 outbreak. Hannan has implemented safety and physical distancing procedures, including working from home and ceased all travel. We have also been keeping in regular contact with all local stakeholders. The Peruvian government has indicated that certain industries, including mineral exploration, will be permitted to restart, with strict safety protocols, during June 2020.Michael Hudson, Hannan's CEO, states, \"Hannan now has large tracts of ground granted, and we have completed an active and successful start to our 2020 field program. We are excited to discover furth...