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han.v
Hannan Metals Ltd
TSXV: HAN.V
+0.06 (+8.70%)
0.75
USD
At close at Feb 20, 22:31 UTC
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Hannan Metals Ltd Expands Gold Mineralization at Previsto Project, Enhancing Economic Potential.

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Cashu
9 months ago
Cashu TLDR
  • Hannan Metals expands gold mineralization at Previsto project, increasing the strike length by 150 to 200 meters.
  • High-grade mineralization is found within a 4 km by 4 km soil gold anomaly, exceeding 0.1 g/t Au.
  • Hannan's proactive approach includes detailed sampling and a 5,000-meter drilling program at its Belen project.
han.v Logo
HAN.V
Hannan Metals Ltd
8.70%

Hannan Metals Expands Gold Mineralization at Previsto Project

Hannan Metals Limited (TSXV: HAN) announces significant advancements in gold mineralization at its Previsto project in Vancouver, British Columbia. Recent geological mapping and channel sampling have revealed an expanded strike length of 650 meters for alkalic-type epithermal gold mineralization, marking an increase of approximately 150 to 200 meters. This high-grade mineralization is located at the northern edge of a substantial 4 km by 4 km soil gold anomaly, where gold concentrations exceed 0.1 grams per tonne (g/t Au). CEO Michael Hudson underscores the importance of these findings, which bolster confidence in the scale of the gold system and highlight the potential of the area, which features multiple high-grade vein sets.

The expansion of the mineralized zone indicates that Hannan’s Previsto project could play a pivotal role in the company’s overall strategy. The high-grade nature of the identified veins suggests not only a promising resource but also the potential for significant economic returns. Hannan's field teams are focused on further developing the site, with plans set for detailed sampling efforts aimed at defining these high-grade structures more accurately. This proactive approach is essential for assessing the long-term viability of the project and ensuring that Hannan remains competitive in the mining sector.

In addition to developments at Previsto, Hannan has initiated a maiden 5,000-meter drilling program at its Belen project. This program includes 18 diamond drill holes aimed at three priority areas, with the first drill hole at Vista Alegre reaching a depth of 184.6 meters, targeting a notable geophysical anomaly linked to strong gold and silver mineralization. The company’s strategic focus on systematic drill testing along its 2.4 km geophysical anomaly illustrates its commitment to uncovering additional resources, particularly in promising areas such as the 1.2 km alkalic porphyry system at Sortilegio and the 1,000 m by 250 m chargeability anomaly at Ricardo Herrera.

Hannan Metals maintains an optimistic outlook as it anticipates the first assay results from its drilling efforts by July 2025. The company's recent strides in mapping and sampling, combined with the initiation of its drilling program, position it well for future discoveries. As Hannan continues to explore and develop its projects, stakeholders remain hopeful for further positive developments that could enhance the company's portfolio and contribute to its growth in the competitive mining landscape.

The content provided here is for informational purposes only and should not be considered financial or investment advice. Investing in stocks carries risks, including potential loss of principal. Always do your own research and consult with a licensed financial advisor before making any investment decisions. We are not responsible for any losses or damages resulting from your use of this information.

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