| Announcement Date: | 2021-11-30 |
|---|---|
| Announcement Type: | Exploration Update |
| Announcement Code: | NI43-101 |
| Company name: | Hannan Metals Ltd. |
| Project name: | San Martin |
| Location: | Mexico |
| Commodities: | Silver,Copper |
| Highlight: | Channel sampling returns 1.0m @ 2.1% Cu & 29g/t Ag |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, Canada – Hannan Metals Limited (“Hannan” or the “Company”) (TSXV: HAN) (OTCPK: HANNF) is pleased to report an update on systematic channel sample results over a large area at the Tabalosos East prospect within the San Martin JOGMEC Joint Venture (“JV”) sediment-hosted copper-silver project in Peru (Figure 1). The results of Hannan’s recent work include new channel samples and previously partially sampled channels which now have been extended and re-sampled. The systematic hand-trenching is still ongoing with assay results pending from 36 channels. A total of 42 out of 53 channels (0.5% copper lower cut) reported from August 2021 to today (Table 1) average 1.0 m @ 2.1 % copper and 29 g/t silver within an 8 kilometre long and 1 kilometre wide area (Figure 2). Previously unreported results from 25 channel samples reported here include 1.5 metres @ 4.0% copper 36 g/t silver and 1.0 metre @ 4.3% copper and 53 g/t silver (Table 1). Outcrop is extremely poor with |
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