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Hannan Outlines a New Copper-Silver Zone Located 2km From Known Mineralization at the San Martin Project in Peru
Hannan Outlines a New Copper-Silver Zone Located 2km From Known Mineralization at the San ...
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[{"type":"text","content":"\n\n\n\nHannan Outlines a New Copper-Silver Zone Located 2km From Known Mineralization at the San Martin Project 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, BC, June 15, 2020\n\n\n\nVANCOUVER, BC, June 15, 2020 /CNW/ - Hannan Metals Limited (\"Hannan\" or the \"Company\") (TSXV: HAN) (OTCPK: HANNF) provides observations from a new copper-silver discovery located 2 kilometres south from known mineralization at Hannan's 100% owned Sacanche mining concessions at the San Martin sediment-hosted copper-silver project in Peru (Figure 1). \nHighlights: \nExtensions of a mineralized horizon have been discovered 2 kilometres south of a previously reported channel sample that assayed 3 metres @ 2.5% copper and 22 g/t silver including 0.5 metres @ 4.4% copper and 61 g/t silver at a 1% copper lower cut (Figure 2);Five new outcrops have been found along a 400 metre strike. Mineralization thickness varies between 1.5 to 2.5 metres. Visible green and black copper oxides are seen over 0.8 to 1.0 metres width (Figure 3);The new discoveries are located immediately upstream from a creek where 10 mineralized grab samples from boulders which assayed between 5.0% copper and 36 g/t silver to 0.4% copper to 3.9 g/t silver and averaged 2.7% copper and 16.9 g/t silver;Mapping of outcrops and boulders in creeks now define a zone that shows a level of continuity at multiple points over 2 kilometres;Samples from the new discovery area were submitted to a geochemical laboratory in Lima last week and results are expected shortly;The analogue style for mineralization at San Martin is the Kupferschiefer in Poland where KGHM Polska Miedz's (\"KGHM\") three copper-silver sediment-hosted mines are the 6th largest copper producer and the leading silver producer in the world. In 2018 KGHM produced 30.3 Mt of ore at a grade of 1.49% copper and 48.6 g/t silver from a mineralized zone that averages 0.4 to 5.5 metres thickness.Michael Hudson, CEO, states: \"Our work in San Martin has demonstrated copper-silver mineralization at multiple stratigraphic positions o...