HANNAN PROVIDES UPDATE ON THE TABALOSOS COPPER SILVER PROJECT, PERU
Hannan Metals Ltd. has provided an update on the Tabalosos copper-silver project, located 80 kilometres north of the Sacanche project at the 100-per-cent-owned San Martin sediment-hosted copper-silver project in Peru.
Highlights:
Hannan has completed a remote geological study at the Tabalosos project which has defined and constrained the target position of stratabound copper-silver mineralization over a 30 kilometre trend;
Two target styles have been defined:
A stratabound position in the upper levels of the Sarayaquillo Formation, defined by the presence of debris organic material that hosts high-grade copper-silver mineralization (Figures 2, 3 and 4). This zone is correlated over a 30-kilometre-long trend and over 5 kilometres in width across the Tabalosos project area and is the same mineralized stratigraphic level identified in outcrop at Sacanche, located 80 kilometres to the south;
A structurally controlled sandstone hosted copper-silver target has been identified in the southern part of the project. This area is 7-kilometres-long and up to 5 kilometres wide in Tabalosos. The target is analogous with the base metal gossans discovered earlier this year at Sacanche South, located 80 km to the south.
This new interpretation at Tabalosos is the first in the district to combine seismic data with modern remote surface observation from high resolution satellite imagery.
Michael Hudson, Hannan's CEO, states, "While our field work earlier this year focused on the Sacanche area, the Tabalosos project, located 80 kilometers north is shaping up over a vast scale as another key area for our San Martin project. Of course, we look forward to getting back in the field when the time is right, to conduct further reconnaissance exploration, stream sediment sampling and channel sampling of outcropping mineralization. In the meanwhile, the Company is considering and planning airborne geophysical surveys to advance drill targeting."
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