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Hannan Metals' First Mining Concession Granted at San Martin, Peru
Hannan Metals' First Mining Concession Granted at San Martin, Peru Canada NewsWire...
About this update from Hannan Metals Ltd.
[{"type":"text","content":"\n\n\n\nHannan Metals' First Mining Concession Granted at San Martin, 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, Oct. 30, 2019\n\n\n\nVANCOUVER, Oct. 30, 2019 /CNW/ - Hannan Metals Limited (\"Hannan\" or the \"Company\") (TSXV: HAN) (OTCPK: HANNF) announces it has received notice from the Geological, Mining and Metallurgical Institute of Peru (\"Ingemmet\") that the first mining concession at the San Martin Copper-Silver Project in Peru has been granted.\n\n \n \n\n \nHighlights: \nFirst mining concession granted at the San Martin Project in Peru, titled Tabalosos 1002 (Ingemmet Code 01-03685-18) dated October 15, 2019; Under Peruvian mining law, a mining concession provides the holder with exclusive rights to undertake exploration (and mining activities subject to additional permitting) within a pre-determined area;  The concession provides secure tenure and allows for more advanced social and exploration work programs to be executed including drill permitting; Further mining concessions are expected to be granted in the short term.Michael Hudson, Hannan's CEO, states, \"The sediment-hosted copper-silver San Martin project presents a new basin-scale copper-silver district in Peru. Granting of the first mining concession is a key advancement and provides secure tenure which will allow for more advanced social and work programs to be executed, including drill permitting.  We look forward to further developing trusted relationships with local communities during our upcoming exploration programs over this large project.  The next technical steps include further geological and prospecting with an aim to achieving drill permitting in early 2020.\"\nThe San Martin Project is located about 30 kilometres northwest of Tarapoto, in the Cordillera Ayu Mayo.  Hannan's mineral concession applications cover 76 kilometres of combined strike of a prospective sedimentary host horizon within a 110 kilometre long basin (Figure 1).  Project access is excellent via a proximal paved highway, while the altitude varies b...