Categories: Precious Metals / Mining Stocks
Topics: Gold Stocks / Copper Stocks

Hannan Metals (TSX-V: HAN)(OTC: HANNF) CEO Michael Hudson on Drilling at Belen, Confirming Mineralized System and Upcoming Drilling

 

Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the CEO of Hannan Metals (TSX-V: HAN)(OTC: HANNF), Mr. Michael Hudson. Mike, how are you today?

Michael Hudson: Very well, Gerardo. Thanks for having me back.

Gerardo Del Real: Listen, you had some news here a few days ago providing an update on the restart here of drilling early this month, which is coming. You also provided some results from two drill holes at the Ricardo Herrera Prospect at the 100% owned Belen Project, of course. And you also provided a further update on permitting for what we're calling the monster, the Cripple Creek analog amongst others. But there was a lot in the latest release we don't yet have, from the sounds of it, the discovery hole that we're all eager to get. But it's early in its first past exploration on a part of the world that's just never seen this. And so I would love for you to provide some context on the latest release, where we're at with drilling, what comes next, and then how you're feeling just about 2026 here with $5,000 gold and silver doing what it's doing.

Michael Hudson: Well, it's no doubt that we've got a new belt that we've defined, and that's becoming a well-entrenched story. And it's one of the biggest new discoveries globally in terms of a new mineral belt, Parallel, a hundred kilometers east of some of the greatest deposits on earth. But frustratingly, we've drilled 2,500 or 600 meters, and we don't have a key intersection yet, but we are drilling mineralized systems. We are drilling copper, we are drilling gold, and that there was in the drill hole. But in Ricardo Herrera, we just put the results from two holes out. Basically, the mineralized body had been stoked out later by a non-mineralized body. So we just didn't see the coherency of mineralization, but we proved the concept that these are absolutely, in the case of Ricardo Herrera, is a porphyry system. So that's exploration. You're not necessarily going to get a winner out the gate, but proof of concept, and I know technical success doesn't lead to per share value success in isolation, but I'm very happy that our first drilling has defined these systems.

And we've got something like 20 different systems that we've got stacked up here in this new discovery so far. Alone, we've got what we call three systems with 40 platforms permitted and drill holes, drill rigs going back as we speak to start drilling again after a bit of a hiatus for the wet season over December, January. And any one hole could change our fortunes in that Belen area. While we work up, collect more geological data, the monster, which is 20 kilometers away from the drill rig, which we call Previsto, has six geologists going in every month derisking that. It was only a year ago, Gerardo, that we made that discovery. So we've had the last six to eight weeks over that Christmas period to pull together the forest from the trees, if you like, because we really didn't have that time. We had one of the world's experts who we've been working closely with, with Dr. Alan Wilson, who is an expert on these alkalic porphyry epithermal systems that exist in BC and in the Macquarie Arc in Australia.

Hhis feedback basically was that Previsto is not a project. It's a new camp. So alone, that system is ... We all have huge enthusiasm for it. And frustratingly, it's not going to be permitted. And we've given guidance until later in the year for drilling at the earliest. Peru is not the fastest place to permit drilling, but we have everything in hand and we're just going through the process and we have this massive bull market without drill holes going into this amazing discovery while we drill another part of the system 20 kilometers away. So everything is in hand. The system is getting bigger and better, but let's drill, baby, drill and make those discoveries. And that, we are.

Gerardo Del Real: I couldn't agree more. I couldn't be more excited. Hannan continues to be one if, if not my single largest personal holding. I joked off air that with Previsto, and now with Dr. Alan Wilson saying this is a new camp, a district, this isn't just a major deposit. I couldn't be more excited for having those holdings. But like I mentioned off air, it does feel a bit like I know what I'm getting for Christmas. I just can't have it yet. And so I am looking forward to the day that either one, we get a discovery hole here with one of the projects within Belen. And if not, I look forward to the conversation when we're able to have a permit in hand for Previsto and see that rig turning. Anything to add to that?

Michael Hudson: Well, we've done it before, Gerardo, and we think we know what we're doing in how to create value in this space. And so I'd just say, watch this space. I get frustrated in a bull market that we just don't have enough drill holes going in. So doing lots of things to keep the momentum going and make sure that we can have a hand in front and center of everybody's mind in what is this amazing bull market that in my view, has some time to run. And we went through a little hiatus for two days and everyone got a little nervous, but here we are back again. So we have some time from a market perspective and you just don't make these discoveries rarely in your career. So let's get some perspective and everything is under control basically. And I can't wait for that drill discovery to come with drill rigs turning, or one drill rig turning, I should just say.

Gerardo Del Real: I've seen you add value in very, very severe bear markets. I couldn't be more excited to see you cook in this historic bull market. Looking forward to having you back on. Mike, thank you so much for the update.

Michael Hudson: Gerardo, my pleasure. Thank you.

Click here to see more from Hannan Metals Ltd.
 

IMPORTANT DISCLAIMER & DISCLOSURES
Resource Stock Digest, as a publisher, is not a broker, investment advisor, or financial advisor in any jurisdiction.

Please do not rely on the information presented by Resource Stock Digest as personal investment advice.

If you need personal investment advice, kindly reach out to a qualified and registered broker, investment advisor, or financial advisor.

The communications from Resource Stock Digest should not form the basis of your investment decisions. Examples we provide regarding share price increases related to specific companies are based on randomly selected time periods and should not be taken as an indicator or predictor of future stock prices for those companies.

Hannan Metals Ltd. has sponsored this report.

The information in this newsletter does not constitute an offer to sell or a solicitation of an offer to buy any securities of a corporation or entity, including U.S. Traded Securities or U.S. Quoted Securities, in the United States or to U.S. Persons. Securities may not be offered or sold in the United States except in compliance with the registration requirements of the Securities Act and applicable U.S. state securities laws or pursuant to an exemption therefrom.

Any public offering of securities in the United States may only be made by means of a prospectus containing detailed information about the corporation or entity and its management as well as financial statements. No securities regulatory authority in the United States has either approved or disapproved of the contents of any newsletter. Neither Resource Stock Digest nor any employee of Resource Stock Digest is registered with the United States Securities and Exchange Commission (the “SEC”): as a “broker-dealer” under the Exchange Act, as an “investment adviser” under the Investment Advisers Act of 1940, or in any other capacity. Resource Stock Digest, its owners, directors, and employees are also not registered with any state securities commission or authority as a broker-dealer or investment advisor or in any other capacity.

HIGHLY BIASED:
In our role, we aim to highlight specific companies for your further investigation; however, these are not stock recommendations, nor do they constitute an offer or sale of the referenced securities. Resource Stock Digest has received cash compensation from Hannan Metals Ltd. and is thus extremely biased. It is crucial that you conduct your own research prior to investing. This includes reading the companies' SEDAR and SEC filings, press releases, and risk disclosures. The information contained in our profiles is based on data provided by the companies, extracted from SEDAR and SEC filings, company websites, and other publicly available sources.

Resource Stock Digest, and its owners, directors, employees, and members of their households may own shares of Hannan Metals Ltd.. Therefore, Resource Stock Digest is extremely biased. Measures are in place such that no shares will be sold during the active awareness campaign.

HIGH RISK:
The securities issued by the companies we feature should be seen as high risk; if you choose to invest, despite these warnings, you may lose your entire investment. You must be aware of the risks and be willing to accept them in order to invest in financial instruments, including stocks, options, and futures.

NOT PROFESSIONAL ADVICE:
By reading this, you agree to all of the following: You understand this to be an expression of opinions and NOT professional advice. You are solely responsible for the use of any content and hold Resource Stock Digest, and all partners, members, and affiliates harmless in any event or claim. While Resource Stock Digest strives to provide accurate and reliable information sourced from believed-to-be trustworthy sources, we cannot guarantee the accuracy or reliability of the information. The information provided reflects conditions as they are at the moment of writing and not at any future date. Resource Stock Digest is not obligated to update, correct, or revise the information post-publication.

TECHNICAL DISCLOSURE:
The technical disclosure in this document pertaining to the mineral properties of Hannan Metals Ltd. has been reviewed and approved by Michael Hudson, Executive Chairman & CEO of Hannan Metals, a Fellow of the AUSIMM and a “qualified person” as defined in National Instrument 43-101- Standards of Disclosure for Mineral Projects. The qualified person has verified the data of Hannan Metals Ltd., including sampling, analytical and test data underlying the information contained in this document.

FORWARD-LOOKING STATEMENTS:
Certain information presented may contain or be considered forward-looking statements. Generally forward-looking statements can be identified by the use of terminology such as “anticipate”, “will”, “expect”, “may”, “continue”, “could”, “estimate”, “forecast”, “plan”, “potential” and similar expressions. Forward-looking statements contained in this press release may include, but are not limited to, statements regarding further exploration and development on the mineral properties of Hannan Metals Ltd. and the results thereof.

Such statements involve known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in these statements. These forward-looking statements are based on a number of assumptions which may prove to be incorrect including, but not limited to, the volatility of metal prices and Hannan Metals Ltd.’s common shares; the dangers inherent in exploration, development and mining activities; achieving development or production, cost or other estimates; actual exploration or development plans and costs differing materially from estimates stated herein; the ability to obtain and maintain any necessary permits, consents or authorizations required for mining activities; environmental regulations or hazards and compliance with complex regulations associated with mining activities; climate change and climate change regulations; fluctuations in exchange rates; the availability of financing; financing and debt activities; operations in foreign and developing countries and the compliance with foreign laws, including those associated with operations in Peru and including risks related to changes in foreign laws and changing policies related to mining and local ownership requirements or resource nationalization generally; remote operations and the availability of adequate infrastructure; fluctuations in price and availability of energy and other inputs necessary for mining operations; shortages or cost increases in necessary equipment, supplies and labour; regulatory, political and country risks, including local instability or acts of terrorism and the effects thereof; the reliance upon contractors, third parties and joint venture partners; challenges to title or surface rights; the risk of an uninsurable or uninsured loss; litigation risk; and competition with other mining companies. There can be no assurance that any such statements will prove to be accurate, and readers should not place undue reliance on such information. The forward-looking statements contained in this document are made as of the date hereof or the dates specifically referenced in this press release, where applicable. Neither Resource Stock Digest nor Hannan Metals Ltd. undertakes any obligations to update the information presented or to ensure that such information remains current and accurate, except as required by law.