Hannan Metals Limited (CVE:HAN) (OTCPINK:HANNF) gave an update to its ongoing exploration program at its Tabalosos copper-silver claim in Peru, where the firm has defined four key zones within a 30-kilometre trend.
The explorer wrapped up a remote geological study at the claim on the San Martin project and identified two target styles on the property along the trend and over a five-kilometre cross strike width.
The new interpretation at Tabalosos is the first in the district to combine seismic data with modern remote observation from high resolution satellite imagery, Hannan told shareholders.
READ: Hannan Metals enjoying first mover advantage at new copper district in Peru
Of the two target styles defined, one is a stratabound position in the top levels of the Sarayaquillo Formation which may host high-grade copper-silver mineralization. Another target is seven kilometres long by five kilometres wide and is analogous with base metal gossans found earlier this year at the Sacanche South project, located 80 kilometres south of Tabalasos and also being explored by Vancouver-based Hannan.
The firm’s wholly owned San Martin project is a new, basin-scale high-grade copper-silver system situated along the eastern Andes Mountains in Peru. The Tabalosos claim covers 19,500 hectares and 27 kilometres of strike potential, and the Sacanche claim also covers 19,500 hectares with 60 kilometres of strike potential.
"While our field work earlier this year focused on the Sacanche area, the Tabalosos project, located 80 kilometres north is shaping up over a vast scale as another key area for our San Martin project,” CEO Michael Hudson said in a statement Thursday.
“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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