Welcome to our dedicated page for Hannan Metals news (Ticker: HANNF), a resource for investors and traders seeking the latest updates and insights on Hannan Metals stock.
Hannan Metals Limited reports exploration and corporate developments tied to its gold-copper mineral projects in Peru. Company updates frequently cover surface sampling, channel results, geological mapping, drill programs and target definition at the 100% owned Previsto and Belen prospects within its broader Valiente and DIA project areas.
News about HANNF also includes financing activity for exploration work, annual meeting results, board and auditor matters, and stock option plan approvals. Recurring technical themes include alkalic porphyry-epithermal systems, gold-silver-copper mineralization, prospective corridors, and field programs designed to delineate large mineralizing systems.
Hannan Metals Limited (HANNF) announced significant updates from the Belen copper-gold porphyry prospect at its 100%-owned Valiente project in Peru. This includes the first recognition of a linked copper-gold and epithermal gold mineral system, with extensive soil and rock sampling indicating notable anomalies. Ongoing work encompasses detailed mapping and a completed aeromagnetic survey over 4,880 line km. The Ricardo Herrera target shows promising mineralization, while additional targets at Vista Alegre and Sortilegio have been identified. Drill permitting is underway, marking a pivotal exploration phase.
Hannan Metals Limited has successfully closed a strategic private placement financing, raising C$2,570,400 through the sale of 9,180,000 common shares at $0.28 each to Teck Resources Limited, which now holds 9.0% of the company. The funds will be allocated for mineral exploration projects in Peru and Ireland, as well as for general working capital. The placement is pending final acceptance from the TSX Venture Exchange.
Hannan Metals Limited (HANNF) has announced a strategic investment from Teck Resources Limited through a private placement financing, where Teck will buy 9,180,000 common shares at $0.28 each, totaling approximately C$2.57 million. This investment will give Teck a 9% ownership stake in Hannan, enhancing their collaboration on exploration efforts. The funds will be used for exploration projects in Peru and Ireland, as well as for general corporate purposes. The closing is expected by October 7, 2022, pending regulatory approvals.
Hannan Metals Limited (TSXV:HAN, OTC PINK:HANNF) released an update on its Belen copper-gold porphyry project in Peru. The company identified a new Miocene-age mineral camp within a 140 km by 50 km area. The Belen prospect shows significant copper-gold mineralization with systematic soil sampling revealing a leached porphyry over a 1,600 m by 800 m area. A nearby gold-bearing epithermal target has also been identified. Hannan plans further fieldwork, including drill permitting and extensive soil sampling across the 10-km intrusive trend.
Hannan Metals Limited (TSX.V: HAN, OTCPK: HANNF) has announced significant progress in exploring the Valiente copper-gold project in central Peru. The exploration team has identified four major linked mineral systems within a 9 km by 2 km area at the Belen prospect, which forms part of the larger project. Key targets include a substantial porphyry copper-gold system and multiple epithermal gold areas, with assays indicating high-grade mineralization, including samples of up to 3.2 g/t Au. The company plans further detailed field work, including grid sampling and trenching, to advance these promising targets.
Hannan Metals Limited announced a US$2M budget from its joint venture partner, JOGMEC, for the San Martin project in Peru, covering the period from April 2022 to March 2023. This funding is part of the Third Base Earn-in Period, where JOGMEC can earn up to a 75% interest by spending US$35M towards a feasibility study. The primary focus includes a diamond drilling program of up to 3,500 metres at Tabalosos East, aiming to confirm mineralization continuity. The company continues to engage local stakeholders in its operational areas.
Hannan Metals Limited has submitted its Declaracion de Impacto Ambiental (DIA) for the Tabalosos East copper-silver project in Peru, marking a key milestone for the company. The DIA enables low-impact mineral exploration to proceed, including drilling. The area designated for the DIA spans approximately 2,700 hectares, allowing for up to 40 drill platforms. Initial copper-silver sampling results are promising, with mineralization averaging 1.9% copper and 27 g/t silver. Final approvals are expected in Q3 2022, fostering further exploration.
Hannan Metals Limited (TSXV:HAN) (OTC PINK:HANNF) has provided an update on its exploration efforts at the Belen project area in Peru. A follow-up ridge-top soil sampling program has revealed two significant copper and gold soil anomalies over a 10-km trend, suggesting a connection to a zoned porphyry and epithermal mineral system. The anomalies are open in multiple directions and further sampling is underway. Results indicate a notable presence of copper, with samples showing up to 1,461 ppm, and the company plans to expand its current sampling efforts.
Hannan Metals Limited has announced significant developments at its 100%-owned Valiente copper-gold porphyry project in Peru. The company holds a dominant position in the region with 121 mining concessions covering 1,164 sq km. Initial soil sampling at the Belen prospect reveals a robust 1.6 km by 0.8 km copper anomaly, with samples indicating up to 1,461 ppm copper. Hannan plans to conduct an extensive airborne magnetic survey in mid-2022 to further explore this promising area.
Hannan Metals Limited (HANNF) announced significant advancements in copper-silver exploration at the Tabalosos East prospect in Peru, part of the San Martin Joint Venture. The company has doubled systematic channel samples, revealing high grades and continuity. Notable findings include a new mineralization zone at Renaco, extending 3 kilometers south, with an average of 1.1 meters at 2.1% copper and 29 g/t silver. Upcoming geophysical surveys aim to map mineralization at depth, with plans for a maiden drill program by mid-year.