Hannan Increases Mining Concession Holdings in Peru

- February 10th, 2020

The company also announced the commencement of 2020 exploration and social permitting programs, and released an update on other concessions.

Hannan Metals (TSXV:HAN) has announced it has increased its land under tenure by 27 percent at its 100 percent owned San Martin project in north central Peru to 600 square kilometres. 

As highlighted in the press release:

  • Hannan has added 27 percent additional mining concession applications at the San Martin project in Peru for a total of 88 mining concessions (28 granted) for 66,000 hectares at San Martin, covering multiple trends within 110 kilometres of combined strike for sedimentary-hosted copper-silver mineralization;
  • A further three mining concessions have been granted over the last four weeks. A total of 28 mining concessions have now been granted at the Tabalosos (19 concessions), Sacanche (three) and Gera (six) areas at the San Martin project in Peru;
  • Geological field and social permitting teams have commenced their 2020 programs.

As quoted in the press release, Hannan CEO Michael Hudson said:

“With our first mover advantage cemented and large tracts of ground secured under tenure and now granted, our field teams are now actively exploring multiple trends within 110 kilometres of combined strike for sedimentary-hosted copper-silver mineralization.  We are excited to see what our second field season will discover from this newly identified, basin-scale high-grade copper-silver system. Mission critical for Hannan has always been social permitting, and we have been working hard to inform and engage all stakeholders.”

Click here to read the full Hannan Metals (TSXV:HAN) press release.

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