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Hannan's Granted Mining Concessions Increase at San Martin, Peru
VANCOUVER, BC / ACCESSWIRE / July 21, 2020 / Hannan Metals Limited ("Hannan" or the "Co...
About this update from Hannan Metals Ltd.
[{"type":"text","content":"Hannan’s Granted Mining Concessions Increase at San Martin, PeruVANCOUVER, BC / ACCESSWIRE / July 21, 2020 / Hannan Metals Limited (\"Hannan\" or the \"Company\") (TSXV:HAN)(OTCPK:HANNF) provides an update on the status of further granted mining concessions at the 100% owned San Martin sediment hosted copper-silver project in Peru (Figure 1).Highlights: A total of 43 granted mining concessions for 329 sq km have now been granted at the San Martin project in Peru (Figure 2).An increase of one granted mining concession from the last update reported on May 28, 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 2). Granted concessions provide secure tenure and allows for more advanced social and exploration work programs to be executed.Michael Hudson, Hannan's CEO, states, \"We appreciate that the Peruvian administration has been able to process our concessions during this challenging time. The additional granting provides secure tenure and allows us to commence further detailed geological work combined with social licensing in additional areas. In collaboration with industry experts, we have a number of desktop studies ongoing and a team of four geologists ready to mobilize back into the field in San Martin at the appropriate time post-lockdown.\"New areas granted are from the Sacanche project, where stratabound copper silver host position has been recently mapped by a geological remote sensing study within an area of 73 kilometres of strike. Outrcropping mineralized zones have been identified from field work (Figures 3 and 4) over a 20 kilometre strike trend and include:2.0 metres @ 5.9% copper and 66 g/t silver0.6 metres @ 8.7% copper and 59 g/t silver0.6 metres @ 0.8% copper and 12 g/t silver3.0 metres @ 2.5% copper and 22 g/t silver0.8 metres @ 2.8% copper and 14 g/t silver0.2 metres @ 6.9% copper and 32 g/t silverChannel samples are considered representative of the in-situ mineralization samples and sample widths quoted approximate the true width of mineralization.Hannan's 100% owned San Martin project encompass a new, basin-scale high-grade copper-silver system situated along the foreland region of the eastern Andes Mountains in Peru....