Mike Fagan,
Editor
Aug. 28, 2025
Hannan Metals Ltd. (TSX-V: HAN)(OTC: HANNF) — currently trading around C$0.70 per share in a booming metals market — has reported an update from its first-ever drill program at the Belen prospect, part of its 100%-owned Valiente copper-gold project in the Peruvian back arc.
This is the first drill testing of back-arc porphyry and epithermal systems in the district with no prior drilling within ~50 km.
Vista Alegre
Three initial holes tested chargeability and geochemical anomalies across 2.4 km of strike.
While results returned up to 0.4 g/t Au near-surface, the main mineralized structures were not intersected. Data suggests the system strengthens at depth — a positive sign for follow-up drilling.
Vista Alegre remains wide open with high-resistivity targets near mineralized boulders emerging as the next focus after early holes clipped the system’s edge.
Hannan Metals CEO Michael Hudson — who you’ll also hear from in our exclusive interview just ahead — commented on the first three holes at Vista Alegre via press release:
“We are pleased to report results from our pioneering drill program, representing the first-ever drill testing of these back-arc porphyry and epithermal systems, with the nearest historical drilling located over 50 km away. This virgin territory is already demonstrating why it deserved testing. While our three holes at Vista Alegre have not yet intersected the main mineralized structure, they've discovered clear evidence of a robust hydrothermal system and anomalous gold, copper and arsenic values. The source of the high-grade gold boulders, with values up to 2.72 g/t Au located just 300 m to 500 m from our drilling, remains an exciting untested target.”
Ricardo Herrera
At Ricardo Herrera, the first hole (HDDRH001) has intersected a copper-molybdenum porphyry system from surface now drilled to 610 m of a planned 700 m depth.
Logging confirms porphyry-style veining and alteration with chalcopyrite and molybdenite present. A second hole is planned 350 m south.
Mr. Hudson continued:
“At Ricardo Herrera, HDDRH001 is making history as the first hole to test this porphyry system, currently advancing through copper-molybdenum mineralization dominantly recorded on veinlets in classic porphyry-style veining and alteration. Minor recorded disseminated Cu and Mo in the drill hole is encouraging.”
Sortilegio
The next phase of drilling will move to Sortilegio, a 1.2 km-long chargeability anomaly within an alkalic porphyry system where coincident copper-in-soil anomalies and hydrothermal boulders remain untested.
Previsto
Hannan’s primary focus remains the flagship Previsto project — a 3 km x 3 km alkaline epithermal gold system located ~23 km northeast of Belen.
Surface work has already delivered channel sampling of 69.1 m grading 2.4 g/t Au with the project continuing to draw comparisons to Colorado’s Cripple Creek district.
A DIA application is scheduled for submission in October with drill permit approval anticipated in Q3 2026.
Mr. Hudson added:
“As first-movers in this underexplored district, we're just scratching the surface. Our key focus remains on advancing Previsto, our flagship alkaline epithermal gold target with its established 3 km x 3 km footprint and recent high-grade channel results of 69.1 m @ 2.4 g/t Au, where we anticipate drill permit approval in Q3 2026. The combination of untested geophysical anomalies, unexplained high-grade boulder fields, and the visual mineralization we're seeing at Belen validates our strategy of being the first to systematically explore these back-arc systems. This is frontier exploration at its best, and we're excited to continue unlocking the potential of this virgin territory.”
Together, the first-pass results from Vista Alegre, confirmation of a porphyry system at Ricardo Herrera, and the large undrilled anomaly at Sortilegio underscore the broader potential across HAN’s Valiente land package. Combined with the flagship Previsto project advancing toward drilling, Hannan is systematically opening up an entirely new district in Peru.
For a much closer look, our own Gerardo Del Real of Junior Resource Monthly caught up with Hannan Metals CEO Michael Hudson to discuss first drill results from Belen and the path ahead at Previsto. Please enjoy!
For additional information on Vancouver-based Hannan Metals, be sure to contact Ms. Mariana Bermudez at the company’s IR department at 604-685-9316 or via email at info@hannanmetals.com.
Sign up to receive updates directly from Hannan Metals here.
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest
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