The China Mail - Hannan Defines Large-Scale IP Geophysical Anomaly at The Ricardo Herrera Copper-Gold Porphyry, Valiente Peru

USD -
AED 3.67302
AFN 68.25057
ALL 83.483156
AMD 381.28666
ANG 1.789699
AOA 917.000079
ARS 1331.517198
AUD 1.533989
AWG 1.8025
AZN 1.701624
BAM 1.678416
BBD 2.011225
BDT 121.225644
BGN 1.67595
BHD 0.377008
BIF 2970.239245
BMD 1
BND 1.281665
BOB 6.898002
BRL 5.460296
BSD 0.996082
BTN 87.455643
BWP 13.436429
BYN 3.278753
BYR 19600
BZD 2.000841
CAD 1.373185
CDF 2890.000319
CHF 0.80513
CLF 0.02484
CLP 974.449633
CNY 7.18315
CNH 7.18171
COP 4044
CRC 504.348796
CUC 1
CUP 26.5
CVE 94.626544
CZK 21.049902
DJF 177.384543
DKK 6.39439
DOP 60.621404
DZD 130.329582
EGP 48.458546
ERN 15
ETB 138.442414
EUR 0.85684
FJD 2.253799
FKP 0.751467
GBP 0.74803
GEL 2.697767
GGP 0.751467
GHS 10.509197
GIP 0.751467
GMD 72.501278
GNF 8640.311728
GTQ 7.643755
GYD 208.398948
HKD 7.849455
HNL 26.182027
HRK 6.455199
HTG 130.732754
HUF 341.080505
IDR 16297.85
ILS 3.43782
IMP 0.751467
INR 87.689003
IQD 1304.93922
IRR 42124.999693
ISK 122.350144
JEP 0.751467
JMD 159.191257
JOD 0.709001
JPY 147.258498
KES 128.901322
KGS 87.449956
KHR 3990.988091
KMF 422.49885
KPW 899.94784
KRW 1382.949742
KWD 0.30545
KYD 0.830112
KZT 535.217311
LAK 21550.46277
LBP 89250.942919
LKR 299.682905
LRD 199.72281
LSL 17.746006
LTL 2.95274
LVL 0.60489
LYD 5.421084
MAD 9.036657
MDL 16.918898
MGA 4406.722934
MKD 52.80344
MMK 2099.311056
MNT 3591.43546
MOP 8.053619
MRU 39.734309
MUR 45.350304
MVR 15.405187
MWK 1727.246592
MXN 18.59456
MYR 4.228506
MZN 63.960054
NAD 17.746006
NGN 1525.150182
NIO 36.657011
NOK 10.16617
NPR 139.928686
NZD 1.679882
OMR 0.384488
PAB 0.996082
PEN 3.542113
PGK 4.136416
PHP 57.210499
PKR 282.843731
PLN 3.660896
PYG 7460.963815
QAR 3.631534
RON 4.347702
RSD 100.350056
RUB 80.000386
RWF 1440.873964
SAR 3.752576
SBD 8.217066
SCR 14.635046
SDG 600.507518
SEK 9.604135
SGD 1.283585
SHP 0.785843
SLE 23.103011
SLL 20969.503947
SOS 569.31256
SRD 37.035999
STD 20697.981008
STN 21.025441
SVC 8.715614
SYP 13001.372255
SZL 17.742745
THB 32.299026
TJS 9.31359
TMT 3.51
TND 2.935899
TOP 2.342099
TRY 40.682075
TTD 6.75297
TWD 29.816023
TZS 2472.503383
UAH 41.441389
UGX 3556.272608
UYU 39.974254
UZS 12476.132039
VES 128.747751
VND 26215
VUV 119.124121
WST 2.771506
XAF 562.925172
XAG 0.026298
XAU 0.000296
XCD 2.70255
XCG 1.795214
XDR 0.700098
XOF 562.925172
XPF 102.345818
YER 240.449806
ZAR 17.74998
ZMK 9001.199098
ZMW 22.935654
ZWL 321.999592
  • SCU

    0.0000

    12.72

    0%

  • JRI

    0.0800

    13.34

    +0.6%

  • BCE

    -0.3100

    23.25

    -1.33%

  • NGG

    0.0200

    72.3

    +0.03%

  • CMSD

    0.0300

    23.54

    +0.13%

  • BCC

    -3.8500

    82.92

    -4.64%

  • GSK

    -0.5700

    36.75

    -1.55%

  • RBGPF

    1.0800

    76

    +1.42%

  • RIO

    0.3900

    60.09

    +0.65%

  • CMSC

    -0.1200

    22.95

    -0.52%

  • SCS

    0.0300

    15.99

    +0.19%

  • RYCEF

    0.1700

    14.5

    +1.17%

  • VOD

    0.2000

    11.3

    +1.77%

  • BTI

    0.5600

    56.4

    +0.99%

  • AZN

    -0.8800

    73.6

    -1.2%

  • RELX

    -1.7800

    48.81

    -3.65%

  • BP

    0.2800

    33.88

    +0.83%

Hannan Defines Large-Scale IP Geophysical Anomaly at The Ricardo Herrera Copper-Gold Porphyry, Valiente Peru
Hannan Defines Large-Scale IP Geophysical Anomaly at The Ricardo Herrera Copper-Gold Porphyry, Valiente Peru

Hannan Defines Large-Scale IP Geophysical Anomaly at The Ricardo Herrera Copper-Gold Porphyry, Valiente Peru

Hannan Metals Limited ("Hannan" or the "Company") (TSXV:HAN)(OTC PINK:HANNF) is pleased to report the discovery of a significant chargeability anomaly at the Ricardo Herrera copper-gold porphyry project within the Company's 100%-owned Valiente copper-gold project in Peru (Figure 1).

Text size:

Highlights:

  • Major Discovery in 3DIP Survey Results : A substantial chargeability anomaly measuring 1,000 m by 250 m has been mapped to 350 m depth (Figures 3 to 6). This compelling anomaly demonstrates strong correlation with multiple indicators:

    • Outcropping porphyry-style mineralization within a multi-stage calc-alkaline intrusion (Figure 2)

    • Well-defined positive magnetic anomaly (Figure 2)

    • Distinctive "bulls-eye" soil anomaly containing Cu-Au-Zn-Pb (Figure 3)

  • Second Parallel Target Identified : A significant high chargeability anomaly discovered parallel to the main body (Figures 4 to 6), presenting an additional strong drill target within the project area.

  • Extensive Surface Mineralization : Outcropping porphyry-style copper-gold mineralization at Ricardo Herrera spans 800 m by 255 m ( reported here ), featuring multiple mineralized channel samples.

  • District-Scale Potential : Ricardo Herrera lies within 2 km of the recently announced Vista Alegre epithermal target ( reported here ), indicating a potentially large-scale mineralized system (Figure 7).

  • Drill-Ready Status : Fourteen drill platforms approved under the recently granted DIA permit ( reported here ).

  • Near-Term Catalyst : Inaugural drilling program scheduled to commence Q2 2025.

Michael Hudson, CEO, states: "The identification of this extensive IP anomalies at Ricardo Herrera marks a pivotal development in our understanding of the copper-gold porphyry potential at Valiente. The convergence of multiple exploration indicators - from geophysics to surface geochemistry - has provided us with highly promising drill targets. With our recently approved DIA permit and 14 drill platforms in place, we are excellently positioned to test this compelling porphyry system in Q2 2025."

Geophysical Interpretation

Ricardo Herrera represents an outcropping Miocene calc-alkalic porphyry system where surface copper mineralization coincides with extensive phyllic and intermediate argillic alteration over 800 m x 250 m. Following a successful 2D IP orientation survey in 2023 that mapped the system to 500 m depth, our new 3DIP survey has significantly advanced the subsurface understanding and further de-risked our upcoming drill program. Two distinct anomalies have been identified:

  1. The Main Anomaly : This extensive feature correlates directly with surface mineralization, exhibiting:

    • A robust chargeability anomaly extending over 1,000 m strike length and 250 m width

    • Chargeability values typically ranging 12ms to15ms with peaks up to 26ms

    • Strong correlation with surface mineralization and alteration patterns

    • Clear definition to at least 350 m depth (Figures 4 to 6)

  2. The Parallel Target : This newly identified anomaly presents compelling characteristics:

    • Located immediately SW of and parallel to the main anomaly

    • Dimensions of 400 m length by 200 m width

    • Strong chargeability values ranging from 8ms to -26ms

    • No surface expression, representing an exciting blind target within the permitted drilling area

The geophysical results strongly support surface observations, confirming Ricardo Herrera as the upper portion of a substantial multistage high-K calc-alkalic porphyry system. While surface mineralization is strongly leached, the chargeability data reveals a large chargeable body persisting to at least 350 m depth, suggesting preservation of the mineralizing system at depth.

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

Ricardo Herrera is an outcropping Miocene calc-alkalic porphyry target hosted within a grey to greenish porphyritic intrusion with hornblende and feldspar phenocrysts. The mineralization shows:

  • Strong phyllic and intermediate argillic alteration over 800 m x 250 m

  • Both M (magnetite-bearing), B (quartz/biotite) and A-veins (saccharoidal quartz/K-feldspar) with encouraging densities of approximately 6 veins per metre

  • Evidence of supergene enrichment in lower topographic levels where chalcocite replaces chalcopyrite

  • Secondary copper within manganese oxides (neotocite) and red iron oxides (hematite) in the leached zone with values exceeding 0.1% Cu

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) (OTCPK: 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.

F.Brown--ThChM