The China Mail - Hannan Discovers 2.4 km Long Geophysical IP Anomaly at the Vista Alegre Epithermal Prospect at Valiente, Peru

USD -
AED 3.673003
AFN 71.99993
ALL 88.675009
AMD 388.859872
ANG 1.790154
AOA 916.502706
ARS 1130.474595
AUD 1.568605
AWG 1.8025
AZN 1.718945
BAM 1.761768
BBD 2.015296
BDT 121.265623
BGN 1.761206
BHD 0.37692
BIF 2934
BMD 1
BND 1.304975
BOB 6.92193
BRL 5.6707
BSD 0.998144
BTN 84.785507
BWP 13.625861
BYN 3.26649
BYR 19600
BZD 2.004873
CAD 1.397515
CDF 2870.000191
CHF 0.843945
CLF 0.024662
CLP 946.390135
CNY 7.203295
CNH 7.193215
COP 4224.75
CRC 506.909536
CUC 1
CUP 26.5
CVE 99.950006
CZK 22.494013
DJF 177.720289
DKK 6.717955
DOP 58.812855
DZD 133.536009
EGP 50.498697
ERN 15
ETB 132.025005
EUR 0.900505
FJD 2.2806
FKP 0.751765
GBP 0.758535
GEL 2.744959
GGP 0.751765
GHS 13.024992
GIP 0.751765
GMD 71.509923
GNF 8643.993749
GTQ 7.676855
GYD 208.831253
HKD 7.79124
HNL 25.850019
HRK 6.7901
HTG 130.551502
HUF 364.570203
IDR 16698.45
ILS 3.566625
IMP 0.751765
INR 84.96615
IQD 1310
IRR 42099.999941
ISK 132.109681
JEP 0.751765
JMD 158.647372
JOD 0.709297
JPY 148.086962
KES 129.502706
KGS 87.449735
KHR 4016.999987
KMF 436.502468
KPW 899.999853
KRW 1411.980478
KWD 0.30738
KYD 0.831723
KZT 510.585013
LAK 21580.135033
LBP 89428.92275
LKR 298.3082
LRD 199.620757
LSL 18.294547
LTL 2.95274
LVL 0.60489
LYD 5.469605
MAD 9.347499
MDL 17.266835
MGA 4469.999656
MKD 55.460155
MMK 2099.691958
MNT 3573.956258
MOP 8.011224
MRU 39.601292
MUR 45.709669
MVR 15.396993
MWK 1730.807344
MXN 19.624902
MYR 4.29701
MZN 63.899718
NAD 18.295948
NGN 1602.070274
NIO 36.750083
NOK 10.439975
NPR 135.656631
NZD 1.705715
OMR 0.384986
PAB 0.998113
PEN 3.646011
PGK 4.07075
PHP 55.765009
PKR 280.971299
PLN 3.81889
PYG 7974.777615
QAR 3.641932
RON 4.596601
RSD 105.588887
RUB 81.000806
RWF 1428.783764
SAR 3.750529
SBD 8.350849
SCR 14.211762
SDG 600.499648
SEK 9.808605
SGD 1.304515
SHP 0.785843
SLE 22.749737
SLL 20969.490721
SOS 570.419617
SRD 36.1995
STD 20697.981008
SVC 8.733172
SYP 13001.862587
SZL 18.292705
THB 33.389654
TJS 10.400007
TMT 3.5
TND 3.037043
TOP 2.342101
TRY 38.796009
TTD 6.775309
TWD 30.408101
TZS 2694.99965
UAH 41.462525
UGX 3652.676002
UYU 41.715647
UZS 12900.000074
VES 92.71499
VND 25971
VUV 121.003465
WST 2.778524
XAF 590.90168
XAG 0.030666
XAU 0.000308
XCD 2.70255
XDR 0.724866
XOF 575.501
XPF 107.429344
YER 244.450296
ZAR 18.264601
ZMK 9001.202471
ZMW 26.279733
ZWL 321.999592
  • RBGPF

    2.2700

    65.27

    +3.48%

  • CMSD

    -0.0400

    22.3

    -0.18%

  • BCC

    4.4800

    93.1

    +4.81%

  • CMSC

    0.0200

    22.08

    +0.09%

  • RYCEF

    -0.1200

    10.38

    -1.16%

  • SCS

    0.3600

    10.82

    +3.33%

  • BCE

    -0.1500

    22.56

    -0.66%

  • NGG

    -3.1600

    67.53

    -4.68%

  • JRI

    0.0300

    13.01

    +0.23%

  • RIO

    1.4300

    61.41

    +2.33%

  • RELX

    -2.0200

    51.83

    -3.9%

  • GSK

    0.7500

    37.37

    +2.01%

  • VOD

    -0.2300

    9.07

    -2.54%

  • BP

    0.4200

    30.19

    +1.39%

  • BTI

    -0.6600

    40.98

    -1.61%

  • AZN

    1.3800

    68.95

    +2%

Hannan Discovers 2.4 km Long Geophysical IP Anomaly at the Vista Alegre Epithermal Prospect at Valiente, Peru
Hannan Discovers 2.4 km Long Geophysical IP Anomaly at the Vista Alegre Epithermal Prospect at Valiente, Peru

Hannan Discovers 2.4 km Long Geophysical IP Anomaly at the Vista Alegre Epithermal Prospect at Valiente, Peru

is pleased to report the identification of a significant IP anomaly at the Vista Alegre epithermal prospect within the Company's 100%-owned Valiente copper-gold project in Peru (Figure 1).

Text size:

Highlights:

  • Broadly, two distinct types of anomalies were identified in the IP geophysical survey (Figures 2 to 7):

    • High chargeability - low resistivity zone over 2.4 km strike and up to 500 m deep coinciding with up to 0.23 ppm gold in soils (Figures 3 to 7) suggesting mineralization is associated with sulphide assemblages and argillic clay alteration;

    • High chargeability - high resistivity zones over 1 km strike coinciding with mineralized silicified boulders containing white milky quartz, arsenopyrite, chalcopyrite and pyrite assaying up to 1.98 g/t Au and 29 g/t Ag. (reported here) (Figures 3 to 7) suggesting epithermal-style mineralization associated with strongly silicified structures.

  • The target is drill-ready with 12 platforms approved as part of the recently granted DIA permit (reported here).

  • Drilling is anticipated to commence in Q2 2025.

Michael Hudson, CEO, states: "The identification of large scale and coherent IP geophysical anomaly at Vista Alegre represents another significant milestone in the development of the Valiente Project. The correlation between the geophysical anomaly, surface mineralization, and soil geochemistry provides us with compelling and de-risked drill targets. With our recently approved DIA permit including 12 drill platforms at Vista Alegre, we are well-positioned to test this extensive epithermal system in Q2 2025."

Geophysical Interpretation

Vista Alegre represents a significant epithermal target controlled by a prominent northwest-trending thrust fault that juxtaposes sedimentary sequences against phaneritic intrusive rocks. This structural corridor has been intruded by later-stage porphyritic intrusions and small massive to semi-massive magnetite bodies.

The integration of induced polarization (IP), resistivity, high-resolution aeromagnetic data (Figure 2), and surface geochemistry (Figure 3) has identified a substantial anomaly coincident with the thrust zone. Analysis of horizontal depth slices through the 3D IP inversion model (Figures 4 to 7) reveals multiple target types with distinct geophysical signatures correlating with surface geochemical anomalies up to 500 m below surface:

  1. High chargeability - low resistivity zone over 2.3 km strike coinciding with up to 0.23 ppm gold in soils (Figures 3 to 7) suggesting mineralization is associated with sulphide assemblages and argillic clay alteration. No surface outcrops are present, although gold soil values are higher, especially in the northern sector. The structure dips southwest at approximately 60 degrees with some chargeable highs located on thrust bends, which may potentially be significant.

  2. High chargeability - high resistivity zones over 1 km strike coinciding with mineralized silicified boulders containing white milky quartz, arsenopyrite, chalcopyrite and pyrite assaying up to 1.98 g/t Au and 29 g/t Ag. (reported here) (Figures 3 to 7) suggesting mineralization of epithermal character associated with strongly silicified structures.

The magnetic data exhibits variable wavelength responses across the trend, with broader wavelength anomalies indicative of deeper magnetite-bearing sources. A discrete magnetic body in the northern survey area displays sharp amplitude anomaly characteristic of a shallow magnetic source, likely representing a mapped intrusive magnetite body. Multiple northeast structures were also identified in the data with possible offsetting of the main northwest trending high chargeability - low resistivity zone. This spatial association of deep and shallow magnetic features, coupled with the extensive IP chargeability anomaly and coincident gold anomalies, suggests a well-developed mineral system with significant vertical extent and a preserved mineral system.

Geophysical Survey Details

The Induced Polarization ("IP") geophysical survey was carried out by GeoMad E.I.R.L, a Lima-based consultancy company. The survey employed a pole-dipole electrode configuration on single lines with electrode spacing at 100 m intervals. Four lines were surveyed with lengths varying between 1.2 km and 6.8 km. Equipment used included:

  • Huntec 10Kw 20A transmitter

  • 10 channel ELREC PRO receiver

  • LECIA GS15 GNSS for station recording

Geological Setting and Mineralization

Vista Alegre is a multi-signature target showing epithermal, porphyry and skarn characteristics, located in flat terrain with limited outcrops. Epithermal mineralization appears in two forms:

  1. Siliceous boulders containing milky quartz, pyrite, chalcopyrite and arsenopyrite

  2. Weathered diorite outcrops with gold in sulphide veins and iron oxides

Two trends extend 3 km in total, one following mineralized boulders along an Andean thrust fault, and another marked by gold anomalous soil samples.

About the Valiente Project

Hannan Metals' Valiente Project identified a Miocene porphyry copper-gold belt in Peru's back-arc, with 18 Cu-Au porphyry and epithermal systems across 140 km x 50 km. The Belen Prospect (Figure 1), 19 km east of Tingo Maria, features three main targets: Ricardo Herrera, Vista Alegre, and Sortilegio. Despite being only 4% of Hannan's holdings, Belen shows significant potential through extensive anomalies.

Technical Background

All samples were collected by Hannan geologists. Samples were transported to ALS in Lima via third party services using traceable parcels. At the laboratory, rock samples were prepared and analyzed by standard methods. The sample preparation involved crushing 70% to less than 2 mm, riffle split off 250g, pulverize split to better than 85% passing 75 microns. Samples were analyzed by method ME-MS61, a four-acid digest preformed on 0.25g of the sample to quantitatively dissolve most geological materials. Analysis is via ICP-MS. 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. Gold was analyzed by ALS in Lima using a standard sample preparation and 30g fire assay sample charge.

About Hannan Metals Limited (TSXV:HAN)(OTC PINK:HANNF)

Hannan Metals Limited is a natural resources and exploration company developing sustainable resources of metal needed to meet the transition to a low carbon economy. Over the last decade, the team behind Hannan has forged a long and successful record of discovering, financing, and advancing mineral projects in Europe and Peru.

Mr. Michael Hudson, FAusIMM, Hannan's Chairman and CEO, a Qualified Person as defined in National Instrument 43-101, has reviewed and approved the technical disclosure contained in this news release.

On behalf of the Board,

"Michael Hudson"
Michael Hudson, Chairman & CEO

Further Information
www.hannanmetals.com
1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7
Mariana Bermudez, Corporate Secretary,
+1 (604) 685 9316, [email protected]

Forward Looking Statements. Certain disclosure contained in this news release may constitute forward-looking information or forward-looking statements, within the meaning of Canadian securities laws. These statements may relate to this news release and other matters identified in the Company's public filings. In making the forward-looking statements the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. These risks and uncertainties include but are not limited to: the political environment in which the Company operates continuing to support the development and operation of mining projects; the threat associated with outbreaks of viruses and infectious diseases; risks related to negative publicity with respect to the Company or the mining industry in general; planned work programs; permitting; and community relations. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news.

SOURCE: Hannan Metals Ltd.

A.Zhang--ThChM