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Hannan Metals Provides Update on First-Ever Drilling of Back-Arc Porphyry and Epithermal Targets in Peru
Vancouver, British Columbia--(Newsfile Corp. - August 25, 2025) - Hannan Metals Limited's (TSXV: HAN) (OTC Pink: HANNF) ("Hannan" or the "Company") is pleased t
About this update from Hannan Metals Ltd.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - August 25, 2025) - Hannan Metals Limited's (TSXV: HAN) (OTC Pink: HANNF) (\"Hannan\" or the \"Company\") is pleased to report new drilling results from its 100% owned epithermal gold target at the Belen project, contained within the permitted Valiente Declaracion de Impacto Ambiental (\"DIA\") area, in Peru. Key Points: 1. Vista Alegre - Peripheral to Main System Three completed holes tested IP chargeability/geochemical anomalies but intercepted only leakage/peripheral structures, not the main mineralized zone. Drill holes returned up to 0.4 g/t Au, interpreted as surficial enrichment restricted to the upper 90 m regolith profile. The main mineralized structure has not yet been intercepted, with holes hitting only peripheral/leakage zones. Short wave infrared (\"SWIR\") spectral data shows increasing fluid temperature at depth (higher temperature micas) with elevated Cu (250 ppm) and As (850 ppm) in holes HDDVA001 and HDDVA002 (Figure 4), suggesting proximity to a hotter core system. The source of 21 mineralized boulders (0.15 g/t to 2.72 g/t Au, up to 1,475 ppm As) located 300 m to 500 m east of drilling remains undiscovered (Figure 3). Boulders display silica groundmass with pyrite veins/stockworks/breccias (up to 8% pyrite), indicating a significant mineralized source nearby. Extensive resistivity anomalies immediately east and west of these boulder trains remain to be targeted and will be the focus for follow up drilling (Figures 2 and 3). 2. Ricardo Herrera - Calc-Alkaline Porphyry Cu-Mo System Drilled The first drill hole at Ricardo Herrera, HDDRH001, has drilled up to 610 m with an estimated total depth of 700 m. The drill hole has intercepted a Cu-Mo porphyry system with various vein types. Chalcopyrite has been logged, dominantly on veinlet fractures that range in density of up to 10 per m but in general much less. Molybdenite has also been sporadically logged particularly below 248 m down hole. Drilling continues to test deeper extensions of the system. A second hole is planned 350 m south at Riccardo Herrera. 3. Next Steps - High Priority Targets Remain Following a second hole at Ricardo Herrera, the 1.2 km long Sortilegio chargeability anomaly within an alkalic porphyry system will be drill tested. As well, Vista Alegre has multiple untested high-resistivity target...