Mike Fagan,
Editor
Feb. 20, 2025
Hannan Metals Ltd. (TSX-V: HAN)(OTC: HANNF) — currently trading around C$1.05 per share — has announced the receipt of its Exploration Activities permit for its upcoming maiden drill program at the flagship, 100%-owned Valiente copper-gold project, Peru.
The permit allows for Hannan to commence drill access work for 40 approved platforms at the Belen prospect area under the previously announced DIA.
The 700-hectare Belen prospect, which covers just 4% of Hannan’s total 1,000-sq-km-plus Valiente landholding, includes three highly-prospective targets for drill testing:
- Ricardo Herrera: copper-gold porphyry with a 1.0 km by 0.25 km chargeability anomaly (15 platforms approved)
- Vista Alegre: epithermal gold prospect with a 2.4-km-long geophysical anomaly (12 platforms approved)
- Sortilegio: copper-gold porphyry with a 1.2-km-long chargeability anomaly (13 platforms approved)
Hannan Metals CEO Michael Hudson — whom you’re about to hear from directly in our exclusive interview coming right up — commented on the permitting progress at the Belen prospect via press release:
“Receipt of the Authorization for Exploration Activities is a key milestone in advancing our Belen prospect toward drilling which allows us to start access works for the maiden drill program. With the archaeological monitoring and forestry permits now in process, we are executing the final steps before mobilizing drills to site.”
“The convergence of three significant targets - Ricardo Herrera, Vista Alegre, and Sortilegio - within an 8 km by 2 km trend demonstrates the scale of this mineralized system. Having 40 permitted drill platforms positions us to systematically test each target once these final steps are in place, with drilling anticipated to commence in Q2 2025.”
“The drilling preparatory work at Belen is going on while we continue to explore the significant Previsto gold find, located 20 km to the northwest, where channel sampling recently identified continuous outcrop of alkalic-type epithermal gold mineralization that included 26.0 m @ 5.4 g/t Au and 27 g/t Ag.”
Final steps in the Belen permitting process include setting up an archeological monitoring program for any trees that may need to be removed, completing a SERFOR deforestation authorization process, and finalizing drill contractor selection and mobilization plans for Q2 2025.
Part of that mobilization plan will be determining the order in which the three primary Belen prospects (Ricardo Herrera, Vista Alegre, Sortilegio) will be drilled and the number of holes to be designated for each.
With 12 to 15 platforms approved per prospect, Hannan has no shortage of high-priority targets to choose from; speculators can expect details to emerge on the forthcoming drill plan in the coming weeks and months with the Hannan team eyeing early-April as a potential start date to the Phase-1 program.
With excitement ramping up, our own Gerardo Del Real of Junior Resource Monthly took the opportunity to sit down with Hannan Metals CEO Michael Hudson to go over the advanced permitting process and steps being taken in preparation for the upcoming maiden drill program at Belen. 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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