Hannan Expands Previsto Alkaline Gold Prospect High-Grade Footprint by 400 Metres

Core Insights - Hannan Metals Limited has announced significant findings from its Valiente project in Peru, expanding the high-grade gold footprint by 400 meters and identifying multiple mineralized trends within the district [1][3][4] Exploration Results - High-grade gold mineralization was identified with a rock chip sample returning 4.8 g/t Au and 36.3 g/t Ag, located 390 meters southwest of the Previsto Central high-grade footprint, indicating potential for a new mineralized trend [7][8] - A comprehensive sampling program covered approximately 1.8 km², with 149 rock chip samples averaging 0.1 g/t Au and 430 ppm Cu, demonstrating widespread mineralization between Honda Creek and Palestina Creek [9] - Structural controls on high-grade mineralization were identified, suggesting fault-controlled mineralization within siltstone units containing approximately 2% pyrite [10][12] Strategic Developments - The results bridge a 600-meter gap between Honda Creek and Previsto Central, indicating potential for continuous mineralization across the district [12][13] - Systematic exploration continues in the Mirador-Fernandez creek area and east of Palestina creek, expanding the known mineralized footprint [12][13] Future Plans - Hannan's team is actively following up on discoveries in two main areas: the southern area around Mirador-Fernandez Creeks and the northern area east of Palestina Creek, both showing promising results [12][13] - The company is preparing for a drill program, with environmental assessments and community engagement already underway [14][22] Project Background - The Valiente project, 100% owned by Hannan, covers 910 km² in central eastern Peru and has evolved from a greenfields prospect to a multi-prospect opportunity since its discovery in 2021 [15][16][23] - The project area is characterized by steep topography and has identified multiple porphyry and epithermal targets, indicating a district-scale mineralization potential [17][18]