Hispania Resources Completes Pre Program Work at Past Producing Asset Lumbrales

About this update from Hispania Resources Inc

Toronto, Ontario--(Newsfile Corp. - January 22, 2026) - Hispania Resources Inc. (TSXV: ESPN) ("Hispania" or "the company"), a mineral exploration company focused on Spain, is pleased to report to shareholders that management and members of it's local mining team in Spain completed a visit at the Lumbrales site in Salamanca, and particularly the Maria Tere past producing mine. The intent of this visit was to meet with local stakeholders; review existing infrastructure at site; as well as plan out the 2026 work plans for Lumbrales. As a result of this activity, the company has laid out a confirmation drilling program at Maria Tere and will simultaneously engage in surface rehabilitation of on-site infrastructure and facilities. The Company is currently reviewing contracts with contractors and service providers and intends to begin activities at site within the next few weeks. During the period at site, the company's geological personnel carried out sampling and reviewed all data related to the geological resource. For the first time, geological investigation related to two artisanal workings situated South of the Maria Tere mine site was carried out. These workings will be further evaluated during the planned drilling campaign at the Maria Tere site. "We are pleased to have had some confirmational work completed at site and more importantly identified new opportunities to the South," stated Norman Brewster, Chief Executive Officer of the Company. "One of the key reasons for acquiring this property was the excellent infrastructure leading to and at site. With the need for critical minerals and the upgraded price of tin and tungsten, the company look at additional targets on the property," continued Mr. Brewster. As a form of reference, the Maria Tere Mine was last put into production by the Spanish company Minera del Duero S.A. until 1986. During this period the capacity of the mine and plant was 400 tonnes per day (t/d) for a 10-hour day. On termination of operations, the mine had a remaining resource of 2.5 million tonnes with a grade of 0.25% Tin. At that time, there was an additional Exploration target of 3 million tonnes. On closure the infrastructure at site consisted of two shafts to approximately 150 meters and 2,272 meters of 4 by 4 metre galleries with an inclined shaft of 651 meters all to a depth of...

View stock analysis, news, and events for Hispania Resources Inc