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Hannan Outlines a Zinc-Lead Discovery at the San Martin Project in Peru that Overlies Copper-Silver Mineralization
Hannan Outlines a Zinc-Lead Discovery at the San Martin Project in Peru that Overlies Copp...
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[{"type":"text","content":"\n\n\n\nHannan Outlines a Zinc-Lead Discovery at the San Martin Project in Peru that Overlies Copper-Silver Mineralization\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 8, 2020\n\n\n\nVANCOUVER, BC, June 8, 2020 /CNW/ - Hannan Metals Limited (\"Hannan\" or the \"Company\") (TSXV: HAN) (OTCPK: HANNF) provides new results from a zoned zinc-lead system that overlies stratabound copper-silver mineralization from the Sacanche project area.  Sacanche is part of Hannan's 100% owned San Martin basin-scale sediment-hosted copper-silver project that extends for 120 kilometres along the foreland region of the eastern Andes Mountains in Peru (Figure 1). \nHighlights: \nMapping and sampling have defined gossanous lead-zinc mineralization within a 3 by 1 kilometre area. Individual gossanous zones up to 54 metres wide have been mapped in sandstones of the Cretaceous Cushabatay Formation (Figure 1). The zone remains open in multiple directions (Figure 2). Hannan's focus remains on the copper-silver end member of the mineralized system at San Martin, however lead and zinc mineralization is well described in global sediment-hosted copper mineralized systems;  Forty individual chip, channel and grab samples are reported and range from 4.7% zinc and 1.3% lead (over 0.6m metres width) to 354 ppm zinc and 353 ppm lead, and average 0.7% zinc and 0.3% lead (Figure 3). A 54 metres wide gossanous zone with 9 non-contiguous rock panel chip samples average 1.2% zinc and 0.6% lead; Individual continuous channels include 10.9 metres @ 0.4% zinc and 0.3% lead; Highest zinc and lead values are associated with NNE trending extensional shear structures with individual lengths from 500-1,000 m in parallel zones (Figure 3); The gossanous lead-zinc zones have been leached and therefore primary sulphide mineralization below the weathered zone is likely to be higher grade;The sandstone-hosted system shows a local zonation between zinc, lead, iron and managanese and is interpreted, and in part observed, to grade into a copper-silver rich system ...