Hannan Metals Ltd. Discovers New Gold-Copper Porphyry Target in Peru

Hannan Metals Limited has announced the discovery of a significant gold-copper porphyry target at its 100%-owned Valiente project in Peru. The newly identified site, Previsto East, spans 1,800 m by 400 m and boasts high gold concentrations in soil samples, coupled with sizable boulders rich in copper and gold. This area is part of a vast porphyry cluster that Hannan has been exploring, now encompassing eight significant targets across a 25 km by 10 km zone.

The discovery not only expands the known scope of the Miocene porphyry cluster at the Valiente project but also marks the first identification of a gold-rich copper porphyry-epithermal target within the region. Among the findings, sampling at Previsto East revealed up to 0.64 g/t gold in soils and 1.85 g/t gold in boulders. Additionally, recent field work 3.5 km west of Previsto East uncovered large outcrops of copper oxide mineralization, with assays pending.

Citing the continuous expansion and discovery of new targets, Michael Hudson, CEO of Hannan, expressed optimism about the project's scale and potential for further exploration. The company plans to extend its surface work to adjacent zones in 2024, aiming to uncover additional copper and gold-rich targets.

The exploration achievements at Valiente underscore Hannan Metals Ltd.'s commitment to identifying and developing major mineral resources in Peru, bolstering its position as a leading explorer in the region.