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Golden Copper Haul
Advancing Multiple District-Scale
Copper-Gold-Silver Assets in Mineral-Rich Peru
TSX-V: HAN | OTC: HANNF
BREAKING: DRILLING UNDERWAY AT BELEN COPPER-GOLD PROSPECT:
3 POTENTIAL COMPANY-MAKING PROJECTS
Advanced Exploration Also Underway at
“THE MONSTER”
High-Priority Previsto Copper-Gold Prospect
Click Here to Read Sponsor Disclosure
Canada-based Hannan Metals Ltd. (TSX-V: HAN)(OTC: HANNF) is a Peruvian-focused mineral exploration firm focused on the advancement of two basin-scale copper-gold-silver projects in Peru’s mineral-rich, yet vastly underexplored central eastern mining belt: Valiente and San Martin.
In terms of mineral exploration, this is bona fide elephant hunting in true elephant country with drills turning now.
Peru, with its globally significant mineral fertility, has the type of large-scale, polymetallic mineral endowment that makes this type of grassroots exploration and district-scale discovery potential possible.
Already, the Hannan team, by exploring where virtually no one has ever explored before, has identified sediment-hosted copper-dominant mineralization over hundreds of kilometers along with a new copper-porphyry zone over 150 km long in the undrilled Peruvian back-arc.
First-ever drilling is now underway at the Valiente project’s Belen prospect (3 potential company-making projects). More on that in just a moment.
The discovery potential is so robust that, with drills just now turning for the first time ever, Hannan Metals (“HAN”) has been able to attract some of the biggest names in the mining industry to the table.
That includes:
- A strategic investment by Teck — one of Canada’s largest mining companies.
- A US$35M joint venture agreement with JOGMEC — the main mining investment arm of the Japanese government.
It bears repeating… that’s all without putting a single drill hole in the ground (until now that is)!
It also points to the immense discovery potential of the vastly underexplored mineral belts Hannan is now exploring via the drill-bit, already with multiple high-priority targets lined up at the two co-flagships.
As you’re about to discover, Hannan has already received a key drill permit for its San Martin project (sediment-hosted copper-silver; US$35M joint venture with JOGMEC) and has commenced drilling at the Belen prospect (Valiente project), which should have the company drilling multiple targets across the two co-flagships for the next 3 to 5 years.
Trading undiscovered below C$1.50 per share — at a market cap of roughly C$175 million — Hannan Metals has established a Top-Ten in-country tenure position in Peru at a staggering 2,154 sq km.
That’s more than half the size of the state of Rhode Island.
As noted, Hannan’s first-mover advantage in this virgin mineral district is already beginning to attract industry attention — and strategic investment — from some of the global mining sector’s biggest players.
Teck Resources (NASDAQ: TECK) — has come in with close to a C$3 million strategic investment (9.9% interest) in Hannan. Clearly, this large-cap Canadian miner wants to be an integral part of Hannan’s immense potential upside in the region.
And hailing from the opposite side of the globe, the Japanese government's main mining investment arm — JOGMEC (Japan Organization for Metals and Energy Security) — has entered into a US$35 million strategic joint venture with Hannan on its San Martin Copper-Silver Project.
Make no mistake about it… something potentially big is brewing in this untapped South American precious and base metals district with tiny, under-the-radar Hannan Metals squarely at the helm with drilling just now underway and with the backing of industry heavyweights Teck and JOGMEC.
With the massive scale involved — and with the key green-energy metals commodity-mix (copper, gold, silver) in-play — there’s no doubt that the broader mining industry will soon have their eyes fixated on Hannan as the junior explorer begins releasing the first set of highly-anticipated assays from its maiden drill program at the Belen prospect.
And therein lies the substantial ground-floor opportunity for speculators seeking exposure to what may soon prove to be the next district-scale copper-gold-silver area play to emerge in the Americas.
A quick introduction to the two co-flagships:
Valiente Copper-Gold Project (100%-owned) represents a previously unknown porphyry and epithermal mineralized belt within a 140 km by 50 km area — situated 300 km southeast of the San Martin property — characterized by the identification of 18 intrusion-related porphyry/skarn targets. Drilling is just now underway at the Belen prospect, which hosts 3 potential company-making projects: Ricardo Herrera, Vista Alegre, and Sortilegio.
San Martin Copper-Silver Project (JV with JOGMEC) represents mining concessions covering 120 km of combined strike, encompassing a newly-identified, basin-scale, high-grade copper-silver sediment-hosted system extending over 200 km by 100 km situated along the foreland region of the eastern Andes Mountains.
In the mineral exploration world, it’s simply not possible to establish that level of land tenure while simultaneously attracting some of the biggest names in mining — BEFORE a single drill hole is put into the ground — without having the right people at the controls.
Hannan Metals has that in spades with a highly experienced and serially successful mining team led by professional geologist and Australia-native Mr. Michael Hudson, CEO, whom you’ll be hearing from first-hand in our exclusive interview coming right up.
Mr. Hudson is credited with a number of large-scale precious and base metals discoveries around the world, including in Peru, Australia, and in Europe.
Based on what he’s seeing on the ground to-date, Michael firmly believes HAN in Peru is going to deliver the biggest discovery, and perhaps “discoveries” of his distinguished career.
Michael is highly-respected in the industry, and his successes over the last 30 years are a big part of why Hannan has been able to put together such a large strategic land package while bringing in the likes of Teck and JOGMEC at this early stage of development.
“Teck’s investment in Hannan is a demonstrable vote of confidence in the technical merits of the Company’s projects as well as our team. Over the last two years, Hannan has recognized the significant potential for large copper-gold-silver deposits in Peru and has aggressively staked a large and commanding Top-Ten tenure position in-country. This bold grassroots strategy has attracted some of the largest industry participants to partner with Hannan, with both Teck and JOGMEC now involved at equity and joint venture levels, respectively." — Michael Hudson, CEO
With its dominant 2,154 sq km land position in Peru’s foreland region, Hannan Metals offers a true first-mover advantage in a vastly underexplored mineral belt with robust potential for hosting multiple district-scale copper-gold-silver deposits.
Before we dive deeper into the two co-flagship projects, let’s take a quick look at the bull market that’s forming in the global copper space.
Copper Deficit in 2H 2025 & Beyond
Copper is “THE” metal of electrification… making it absolutely essential to the global energy transition.
The billion-dollar question is… will there be enough of the red metal available to meet escalating demand in this greener, highly-connected, hyper-electrified world?
The amount of copper needed for the transition, and for the planet to attain net-zero emissions by 2050, would require more copper production, in a relatively short period of time, than the world has ever witnessed.
The problem is… the last major copper investment cycle occurred way back in the 1970s when there were still plenty of large-scale, high-grade copper deposits to be found.
And while the sector is presently entering a period of increased greenfields and brownfields exploration, new copper discoveries of merit are proving extraordinarily difficult to come by and are falling woefully short of compensating for the precipitous decline in ore grades from established mines.
In other words… most of the “easy” copper deposits around the globe have already been found, and the vast majority of the easy-to-reach high-grade ore has already been scooped up.
Another major roadblock for bringing new supply online is the exorbitant amount of time required for bringing a new copper mine from discovery to production.
We’re talking 10-plus years from the time an economically viable copper resource is discovered all the way through the various stages of feasibility, permitting, and mine construction.
All of those factors are combining for what many industry experts predict will be a protracted global copper shortfall that could last for decades.
And it’s why investing in select small-cap copper stocks in areas with large mineral endowments and strong governmental support for mining makes plenty of good sense as we make our way toward the second half of 2025.
In viewing the 5-year copper price chart below, one can see that the overall price trend of the red metal has been bullish, albeit a bit choppy, since early 2020 when copper was languishing just above the US$2/lb mark. Today, as we head toward the second half of 2025, copper is trading more than 2X higher — firmly above the key US$4/lb mark.
With indicators pointing to higher copper prices in the global energy transition, the long-term outlook for copper remains exceedingly bullish as higher prices will be required to incentivize new exploration and project development worldwide — including in Peru, the world’s second-largest copper producer behind only Chile.
Further, the reopening of China’s economy, and the high level of demand growth expected in the country’s EV, 5G, and energy transition sector is only going to stoke further demand for the red metal going forward.
As alluded to, copper demand is set to undergo a generational shift as decarbonization efforts ramp up across the globe in efforts to attain net-zero carbon emissions.
Al Chu, lead portfolio manager at BNY Mellon, says, “Copper is typically used as a construction metal for wiring for building, wiring for machinery and what not, but if we look at the decarbonization net zero energy transition trend — copper is the new oil.”
The bottom line is that, when it comes to electrifying something and transmitting electricity, you need copper — plain and simple. And that means everything from wind and solar power generation and the much needed revamping of electrical grids to EVs, 5G, and consumer electronics.
For example, EVs require up to 175 lbs of copper per vehicle, which is roughly 4X the amount used in a typical combustion engine vehicle.
Plus, the global EV boom really can’t happen without the building out of $Billions in EV charging infrastructure, which is also highly copper intensive.
Turning to renewables, wind energy requires 2,000 tonnes of copper per gigawatt on average. Solar needs even more; about 5,000 tonnes of copper per gigawatt.
The global electricity grid needs to double by 2050 to meet net-zero targets with an estimated cost of roughly US$20 trillion to achieve that.
The Oregon Group recently published a report stating that 427Mt of copper will be needed by 2050. That’s more than 8 times the current demand level for wind turbines, solar panels, and energy storage combined.
That same report highlighted that, in order to meet those targets, annual investment will need to increase from US$274 billion in 2022 to US$1 trillion by 2050. This year, global annual spending is expected to increase to US$300 billion.
McKinsey & Company states that, for the world to meet its net-zero emissions targets, it will be short 50Mt of copper by 2030.
In other words, the global energy transition is highly dependent on an ample supply of copper.
And while recycled material plays an important role in copper stockpiles, there is no current methodology for the economic retrieval of the metal from the billions of tonnes of lower-grade waste rock scattered around the world’s past and present copper mining operations.
It all points to the near and long-term profit potential of well-run, well-structured copper-dominant exploration and development firms with district-scale discovery potential.
Enter Hannan Metals Ltd. (TSX-V: HAN)(OTC: HANNF).
Valiente Copper-Gold Project:
New Miocene-Age Porphyry Belt
BREAKING NEWS: MAIDEN DRILL PROGRAM UNDERWAY AT BELEN PROSPECT & ADVANCED EXPLORATION UNDERWAY AT “THE MONSTER” PREVISTO PROJECT
Hannan’s 100%-owned Valiente project — located 19 km east of the township of Tingo Maria in central Peru — defines a previously unknown Miocene-age porphyry-epithermal copper-gold mineralized belt within a massive 140 km by 50 km area.
Situated 300 km southeast of the company’s San Martin property, the project area spans 244 sq km (24,400 hectares) and is prospective for back-arc porphyry copper-gold systems with 18 porphyries identified to-date.
HAN’s first-mover advantage in this Miocene-age district is characterized by an extensive 140 km of combined strike with intense veining and alteration of float and outcrop associated with intrusive clusters.
Those highly-favorable geologic features are coincident with large-scale geochemical stream sediment anomalies that provide a compelling set of exploration criteria for the Hannan Metals geologic team.
To-date, a total of 8 intrusion-related porphyry / epithermal-skarn targets have been identified at the Belen and Previsto trends alone, of which the Belen prospect is currently the most advanced.
Mineralization at the Belen trend has been defined over an expansive footprint (9.3 km of strike) with initial indicators of a high-grade system developing at the Sortilegio target with assays up to 16.0% copper and 4.4 grams per tonne gold from a porphyry boulder grab sample. Grab samples are selective by nature and are unlikely to represent average grades on the property.
Drilling is underway and will target three key areas along the 9-km-long Belen trend utilizing up to 40 permitted drill platforms:
- Ricardo Herrera: 250 x 1,000 meter chargeability anomaly coinciding with exposed porphyry-style copper-gold mineralization hosted in a multi-phase calc-alkaline intrusion (15 platforms permitted)
- Vista Alegre: 2.4-km-long geophysical anomaly with coincident gold-in-soil signatures, gold-bearing boulders, and limited but consistent outcrop; trenching and geochemical work suggest Vista Alegre could host a multi-million-ounce gold system (12 platforms permitted)
- Sortilegio: 1.2-km-long chargeability feature within a potential alkalic porphyry system with structural controls that may host both shallow gold and deeper copper-gold mineralization (13 platforms permitted)
Vista Alegre is the site of first drilling (starting with one rig); all three targets present company-making potential and will see drilling in this maiden round.
Importantly, Belen represents just 4% of Hannan’s 920-sq-km Valiente land package. The broader Valiente project spans a 140 km x 50 km area that includes 18 distinct porphyry and epithermal systems, all defined through first-principles exploration.
This belt-scale potential suggests Hannan Metals may be on the verge of unlocking a new Miocene-age copper-gold district in one of the world’s most prolific mining nations.
As noted, drilling is just now underway; first drilling updates and first assays should be right around the corner.
PREVISTO: "THE MONSTER"
While Belen is the most advanced prospect at the 100%-owned Valiente project at present, it isn't the only area of exploration underway by the Hannan field team. Not by a longshot.
HAN is concurrently advancing a second high-priority target, Previsto (aka “The Monster”), located approximately 20 km northeast of Belen.
Trenching at Previsto, where drill permitting is underway, recently returned 1.7 meters at 23.4 grams per tonne gold (g/t Au) and 2.3 meters at 18.8 g/t Au within a broader 200 x 130 meter mineralized zone.
Hannan CEO Michael Hudson commented via press release:
“Our follow-up work at Previsto continues to deliver exceptional results for a grassroots discovery, with mineralization in an original channel now extended over 135 m and new identification of more high-grade channels including 1.7 m @ 23.4 g/t Au and 2.3 m @ 18.8 g/t Au. This area represents a potentially significant new gold district in Peru, with characteristics suggesting both high-grade potential and substantial scale. The expanded mineralized footprint now covers 200 m × 130 m and remains open in all directions. Additionally, the discovery of copper mineralization just 20 meters from our gold channels further demonstrates the potential of this system. Hannan's strategy is to systematically explore the new Valiente mineral belt gaining drill permits progressively as we make further discoveries…”
The Monster could be the next Valiente-hosted prospect with bona fide company-making potential to be drilled by Hannan in what’s emerging as a clustered copper-gold porphyry district.
Speculators can expect an update on the permitting progress at Previsto in short order… so stay tuned!
San Martin Copper-Silver Project:
Maiden Drill Program Slated for 2026
The 244 sq km (24,400-hectare) San Martin project is being advanced by way of a strategic joint venture agreement with Japan’s national mining arm — JOGMEC — Japan Organization for Metals and Energy Security.
JOGMEC has the option to earn up to a 75% interest in the project by spending up to US$35 million leading to the production of a Feasibility Study.
Hannan spent the last two-plus years conducting the early-stage grassroots exploration at the project, including geophysics and mapping.
The stage is finally set for a first-pass maiden drill program on the highest-priority targets at San Martin — with JOGMEC covering the drilling expenditures — starting in 2026.
The San Martin project comprises a basin-scale, high-grade, sediment-hosted copper-silver system — spanning a vast 120 km of combined strike — situated along the foreland region of the eastern Andes Mountains.
Hannan’s detailed geological facies analysis across the project — which includes LiDAR and advanced machine learning — has identified the economic geological implications for stratabound sediment-hosted copper-dominant mineralization that may have significant lateral continuity.
The copper-silver mineralized shale drill targets at San Martin average 0.9 meters thickness at 1.9 % copper and 27 grams per tonne silver from 105 surface channels.
This first set of priority targets has been further defined by soil sampling and LiDAR over an area of 9 km by 1 km with potential extensions to the west between 2 km and 4 km with a target-depth ranging from surface to 500 meters.
HAN has received its environmental permit — Environmental Impact Statement (“DIA”) — from Peru’s Ministry of Mines to allow for low-impact mineral exploration programs, including drilling.
The initial DIA allows for 40 drill platforms spanning an area of roughly 7 km by 3 km (2,700 hectares) at the Tabalosos East target.
Mr. Michael Hudson, CEO, commented:
“The approval of our DIA is a watershed moment for Hannan and our joint venture partner, JOGMEC, for exploration in the foreland basins and back arc of the Andes in Peru…”
The Hannan team expects to have drill rigs on the ground at San Martin (following final initiate activities authorization from the Ministry of Mines and receipt of a Water Use Permit anticipated in 2H 2025) for the commencement of a two-stage drill program in 2026.
San Martin Project: Two-stage drill program at Tabalosos East target slated to commence in 2026:
- Stage 1: 2,000-meter diamond drilling program over a 2 km strike of mapped surface mineralization down to 800 meters depth.
- Stage 2: Subject to Stage 1, a further 1,500-meter drill program to test the continuity of mineralization.
- Subject to results of Stage 1 and/or Stage 2: Additional areas may be tested within the 7-km-long permitted area.
As you can see in the above image, the drill targets at Tabalosos East are lining up.
In addition to those initial targets, the Hannan team has confirmed the discovery of a new style of sediment-hosted copper-silver mineralization just west of Tabalosos East.
The mineralization is outcropping — highlighted by 5.8 meters at 3.1% copper and 65 grams per tonne silver from surface through channel sampling — and has been mapped over 2.3 km of strike in an area located less than 50 km west of the recently approved DIA drill permit area at Tabalosos East.
Channel samples are considered representative of the in-situ mineralization samples and sample widths quoted approximate the true width of mineralization, while grab samples are selective by nature and are unlikely to represent average grades on the property.
Mr. Michael Hudson added:
“This is an exciting new discovery demonstrating consistently thick (>10 m wide) zones of high-grade copper and silver mineralization over multiple kms of strike length. Copper mineralization of this style and tenor was previously unknown at the San Martin project until these recent discoveries. This new discovery is located 45 km west from the recently granted drill program (DIA Tabalosos East). We are looking forward to advancing this new discovery with more detailed geological mapping and geochemical sampling while we also prepare for the upcoming drill program at Tabalosos.”
It’s worth repeating that the upcoming 2,000 to 3,500 meter drill program at Tabalosos East will be fully funded by JV partner JOGMEC.
That truly speaks to the district-scale potential of the San Martin sediment-hosted copper-silver project.
After multiple years of geophysics, mapping, and permitting — the HAN team is finally set to see just how much mineralization exists below surface via this upcoming 2026 first-pass program.
Taken altogether, Hannan Metals is making discoveries at Valiente and San Martin that, individually, could form the basis for multiple flagship projects for multiple junior exploration companies.
As mentioned earlier, Hannan’s market cap currently sits at roughly C$175 million.
It’s early-stage exploration… it’s early-stage drilling… and that’s typically the time where foresighted speculators who understand the exploration cycle jump in to take advantage of the potential upside as the "truth machines" have their say.
Here to paint a clear picture of the milestones achieved to-date and the upward momentum that’s now building with drills turning is none other than Hannan Metals CEO Mr. Michael Hudson.
Exclusive Interview with
Hannan Metals CEO Michael Hudson
As promised, our own Gerardo Del Real of Resource Stock Digest and Junior Resource Monthly sat down with Hannan Metals CEO Mr. Michael Hudson for an in-depth discussion on the company’s first-mover advantage in Peru’s unexplored foreland basins, plus next-steps in the advancement of the two co-flagship properties prior to the start of drilling.
We hope you’ll enjoy the candid conversation.
Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the chairman of Hannan Metals Ltd. (TSX-V: HAN)(OTC: HANNF)… hitting milestone after milestone… I'm talking, of course, of Mr. Michael Hudson. Mike, how are you today, sir?
Michael Hudson: Hey, Gerardo. I'm very well. Thank you for having me once again.
Gerardo Del Real: I joked last time that you have a one-billion-dollar company that you and your phenomenal team have led from discovery to where it's at today. I'm talking, of course, of Southern Cross Gold Consolidated. Where that's at today, it keeps delivering phenomenal results in a gold market that seemingly wants to go higher and is headed much higher than $3,300 an ounce.
But you're hard at work, and you've been hard at work building what I think is going to be your next billion and multi-billion-dollar company. That's Hannan Metals. And you just achieved what is a milestone moment and what has been years and years of hard work getting to this point. Of course, I'm talking about starting the site access prep at Valiente. How is that coming along, sir?
Michael Hudson: We're going well. Thank you, Gerardo. We've got about 30 people on the ground. They're putting in the walkways. We've got rigs that are hand-portable for minimum impact on the surrounding.
We’ve expanded those walking tracks a little bit. We’ve put the pads in, and they look absolutely clean and beautiful. We'll be ready to go by early May with the drill rig contract signed. It's just one of those exciting times. You spend a long time developing and de-risking projects, and now cometh the truth machine.
[Editor’s Note: Drilling is now underway.]
Gerardo Del Real: Let's talk about Vista Alegre. I understand from conversations that we've had and indications that you've made that Vista Alegre is likely going to be the first drill hole that is drilled. Is that accurate, the first target that gets a drill hole into it?
Michael Hudson: That's right. The area we are drilling, we call Belen, and within the 9-km-long Belen trend, there are three different target zones. They all have different names. There's the Vista Alegre target, which is the middle of the sandwich, if you like. That's an epithermal gold project. We love gold. Everyone loves gold, and we're targeting the gold-rich parts of these systems.
Then, it's sandwiched by two porphyry copper and copper-gold projects, which we call Ricardo Herrera to the south and Sortilegio to the north. It's 40 platforms permitted over that nine kilometers, equally divided, 12 or 13 platforms in each one of those targets. Vista Alegre itself is over two and a half kilometers.
There's gold in boulders, gold in outcrop, gold in soils. There's IP that extends and has context structurally and with the geochemistry. IP is induced polarization, a geophysical technique that can measure the sulfide content of the rock. Generally, sulfides are associated with the mineralized parts of a system, i.e. the gold-bearing parts.
So we've de-risked it. There's not a lot of outcrop, and now, we just need to drill those targets systematically. No doubt it's a gold-bearing system. But the question is, what is the grade, what is the width, and how does it all hang together? That's what only the drill rig will prove.
Gerardo Del Real: I've known you now, and I'm going to end up dating myself a bit here, and you by default, Mike, but I've known you now for roughly 16 or 17 years, give or take a year or two. You are notorious, and we talked about this off-air a little bit, you are notorious for over-delivering and under-promising. And I just could not be more excited about the upcoming program.
For those not familiar with the potential at epithermal gold systems, like Vista Alegre, can you speak to what you're hoping to see because this last news release was the first time I saw, in a slide, the company mentioning that Vista Alegre has multi-million-ounce gold potential.
You had been very subdued about not setting the table for that kind of expectation but you've seen these systems for many years. What is the hope, while, of course, tempering expectation?
Michael Hudson: What I want to see is simply grade, and even a little bit of grade will give hints that the system can develop high-grade. That's what you want to see, and generally, it doesn't always happen in the first hole.
We've been talking about that, that our challenge is to find the best parts of the system as quickly as possible, not only from a cost of capital point of view. You need to drill it less with these lower market caps but we'll know the system and how it's developing the alteration association with mineralization.
Where we are in the system, these epithermal systems have windows of prospectivity as they've developed just below the boiling zone. So we'll start to piece that together, and they're always structurally-controlled. We'd love to find those structures that host and control the gold and can step out from the first hole, to the second, to the third, etc.
That doesn't always happen as simply as that in any drill program as any geologist or anyone who follows the industry knows. But drill-baby-drill… and put lots of drilling into these systems to understand them and create the value. That's the only way it will happen so we're certainly poised for that.
Gerardo Del Real: I've seen conversations and have heard chatter about the fact that you have a C$165 million market cap without a single drill hole. I'm biased now because I'm a shareholder. It's my largest personal shareholding, and I've been a shareholder for quite some time.
But I think people are underestimating what, potentially, even if it was just a multi-million, and I say that humbly, right, if it's just one multi-million-ounce gold discovery that Hannan ever comes up with… that's going to be worth a whole heck of a lot more than C$165 million.
I don't think people truly appreciate that you have an entire gold and copper belt, and, clearly, the people that are much smarter than I, that have degrees in geology and have studied these systems for decades on end, including yourself, Mike, understand what Previsto is “Cripple Creek,” “The Monster,” call it what you like, the potential there for tens of millions of gold ounces.
If any of that comes anywhere near what we think the potential there is, then, again, I repeat, a C$165 million market cap is going to seem silly. How are you de-risking “Cripple Creek,” “The Monster,” Previsto, as we get to that part because I know that you're doing that simultaneously while also constructing the drill pads, getting the roads in, and getting ready to get the drills turning at Vista Alegre.
Michael Hudson: Yes, we are doing something that's very different, as you point out. There's something like 18 different porphyry and epithermal systems that we've got in this 150-km-long belt that we've defined from first principles. Few people have been sniffing around.
There's lots of artisanal mining on that side of the Andes or smaller-scale mining, I should say. So it wasn't absent that people thought there could be something there but we've certainly done infinitely more work to define these systems.
There are not many companies, globally, that have new porphyry belts in very fertile parts of the world. Peru is a top one, two, or three producer of copper and gold. So we just found a new one of those in a part of the Earth's crust that is so very well-endowed.
Then, we're not a one-hit wonder show, right? We're really drilling. These nine kilometers at Belen are, I hate to say it, but it's almost the second prize. We found it earlier on and we permitted it. Any one of these systems can be a significant company-making project in themselves, any one of those three that we'll be drilling over this year.
But the large one that you refer to, “The Monster,” Previsto, which is about 22 km to the northeast of Belen, is where we found a 5 x 5 km large soil anomaly that exceeds 0.1 g/t gold, generally, over the larger area. And now, we've just started to trench, not drill, but just trench.
In late December, we took those first samples and announced them earlier in the year. We trenched something like 26 meters at 5 or 6 g/t Au over a broader zone of plus a hundred meters that carry gold.
This is just finding pieces of rock that stick out of the very steep terrain there that is jungle-covered. So it's certainly not targeted to finding the best parts of the system. It's just finding somewhere where you can sample. And now, we're following that up. We’ve followed that up with some other high grades in context within tens of meters of that one trench.
So we're starting to find continuity, but it's all within this larger system. It's a big mag anomaly. It's a massive potassium anomaly in the radiometrics that was flowing with the mag. These are big potassic systems.
So the footprint is huge, and if it continues to develop in the style we see… you talk about Cripple Creek. These are alkaline gold systems that can form amazingly high-grade and very large systems like Cripple Creek. So that's where the real optionality also comes. You're just not drilling three really interesting company-making potential targets. You've got this Monster as well.
Then, there's a whole raft of projects that we're just really sitting on and not doing too much work because we're focusing on these two large areas at the moment. We've got years and years and years of de-risking, and the permitting is starting at Previsto. We hope that will be permitted quickly.
The Peruvian government is actually now working much better than it has for the last three or four years. We're seeing great timeframes and turnarounds, and we're working very closely to be responsible explorers in this new area. We take that responsibility very, very highly. We're not just a one-hole hit or a one-project hit. And how do you value that if and when these projects deliver? You don't own enough of this stock, Gerardo.
Gerardo Del Real: I'm going to leave it there because I couldn't have said that any better myself. This is someone that owns a pretty significant amount of shares. I couldn't be happier. I couldn't be more excited.
I can’t wait for the news release when we find out that the drill rig is actually turning and where you're drilling. And again, I think it's going to be a phenomenal and spectacular 2025 and 2026.
The challenge is going to be how long is the company around before a major comes in and says, ‘We would love a whole brand new copper-gold belt’ right as copper and gold are hitting brand new all-time highs. It's a fun environment to be in. Anything to add to that, Mike?
Michael Hudson: No. Exploration is amazing value created. We've got an amazing exploration project in what is now an amazing market that a few people have seen, really. So it's all the right timing and the right project in the right place.
Gerardo Del Real: Beautifully said. Looking forward to chatting again. Thanks again, Mike.
Michael Hudson: Thanks, Gerardo.
The Hannan Metals Opportunity
As one of the largest mineral explorers by area in Peru — at a staggering 2,154 sq km — Hannan Metals Ltd. (“HAN”) presents a true first-mover advantage in Peru’s underexplored foreland mineral basin region by way of two co-flagship properties: Valiente and San Martin.
With maiden drilling just underway at the Valiente project’s Belen prospect, the junior firm has been able to successfully attract and secure a nearly C$3 million strategic investment from one of Canada’s largest mining companies — Teck Resources (NASDAQ: TECK) — and establish a key joint venture agreement with JOGMEC — Japan’s main mining arm.
At San Martin — which is the US$35 million joint venture with JOGMEC — the Hannan team is systematically delineating a basin-scale, sediment-hosted copper-silver system situated along the foreland region of the eastern Andes Mountains.
Geologically speaking, analogues include the Spar Lake sediment-hosted copper-silver deposit in Montana and the giant Kupferschiefer deposits in eastern Europe where KGHM Polska Miedź operates the largest silver producing mine in the world; more than twice the production of any other operation and also the 6th largest copper miner on Earth.
The average widths and grades delineated to-date through channel sampling at San Martin have context with historical drill numbers found during the discovery of the vast Kupferschiefer copper-silver deposits.
In other words, the scale is there… the near-surface mineralization is there… the potential for multiple large discoveries is there… and the proper team is in place to keep the drills pointed in the right direction.
You heard directly from Hannan Metals CEO Michael Hudson. He says:
“These are alkaline gold systems that can form amazingly high-grade and very large systems like Cripple Creek. So that's where the real optionality also comes. You're just not drilling three really interesting company-making potential targets. You've got this Monster as well.”
And with drilling underway at Belen and advanced permitting and exploration underway at The Monster, it means the news flow is set to increase dramatically in the weeks, months, and quarters ahead, pointing to the early-stage copper-gold-silver opportunity at-hand for foresighted speculators.
We talked at length about the longer-term positive trend in copper. The same thing is happening in both gold and silver.
In fact, gold, in its entire history, has never traded higher. It’s currently at all-time highs above US$3,200 an ounce and appears poised for a run to US$3,500-plus before year-end.
Silver, which trades in tandem with gold, is currently above US$32 an ounce and is gaining upward price momentum as well.
That means the timing is spot-on for the clean-energy metals mix HAN is currently exploring for in Peru’s mineral-rich, yet vastly underexplored central eastern mining belt.
Hannan is also well-structured with ~139 million shares outstanding on a fully-diluted basis with 14% of those shares held by insiders.
Trading undiscovered below C$1.50 per share, Hannan’s market cap is currently right around C$175 million.
Now is the opportune time to start taking a closer look at Hannan Metals as the company continues to make near-surface copper-gold-silver discoveries with first-ever drilling just underway.
A great place to start is Hannan’s corporate website where you can learn more about the flagship properties, the team, and sign up to receive updates directly from the company’s IR department.
Also, click here for more of our ongoing coverage of Hannan Metals, including additional late-breaking interviews with upper management as developments arise.
Hannan Metals Ltd. trades on the Toronto Venture Exchange under the symbol HAN and on the US OTC Bulletin Board Exchange under the symbol HANNF.
— Resource Stock Digest Research
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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.