Kilmurry lies around 9km south of the firm's Kilbricken resource at Clare, which spans 35,000 hectares, and which already boasts a maiden resource of indicated resources of 2.7 million tonnes at 8.8% zinc equivalent.
Hannan said at Kilmurry, intense alteration typical of a Waulsortian hosted Zn-Pb-Ag (zinc, lead, silver) deposit had been encountered.
Existing drill hole 11-3643-10 was extended 65 metres by Hannan from 754 metres to 819 metres depth and mineralization in the upper sequence of the hanging wall was found, including 0.3m at 56% zinc and lead at 166m depth.
"The upper parts of drill hole 11-3643-10 discovered high grade zinc mineralization, and Hannan's extension of this hole into the main mineralized target position has intersected a strongly altered "near-miss" signal," said Michael Hudson, Chairman and CEO.
He added: "Our seismic interpretation of the north-dipping Kilmurry syn-sedimentary relay has been validated, and the next step at Kilmurry is further drilling on the extensive 15 kilometre long target structure."
Hannan noted that mire drilling is recommended at Kilmurry, with four priority targets defined over 6km.
However, its immediate plans are to focus on the dry-season exploration program at its Peruvian San Martin copper-silver project in Peru where field work on new areas is set to start in mid-March 2019.
Shares added 3.4% in Toronto to stand at $0.15 each.
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