VANCOUVER, Jan. 14, 2020 /CNW/ - Hannan Metals Limited
("Hannan" or the "Company") (TSXV: HAN) (OTCPK: HANNF) is
pleased to announce that Dr. Quinton
Hennigh has been appointed to its geological advisory
team.
Dr. Quinton Hennigh is an
internationally-renown economic geologist, with over 25 years of
exploration experience and expertise with major gold mining
companies such as Homestake Mining Company, Newcrest Mining
Limited, and Newmont Mining Corporation where he last served as
senior research geologist in 2007. He has since made a number of
significant gold discoveries for Canadian exploration companies
such as the 5 million oz. Springpole alkaline gold deposit near
Red Lake, Ontario, for Gold Canyon
Resources. He is currently Chairman and President of Novo Resources
Corporation, which he helped start in 2010 and an adviser to Eskay
Mining Corp. and Lion One Metals Ltd.
Michael Hudson, Chairman and CEO
commented, "We are delighted to have Quinton join the Hannan
team, and that he shares our belief of the exceptional potential of
the San Martin project. His experience and global discovery
record will greatly support our team, as we work towards a
large-scale copper-silver discovery in Peru."
Dr. Hennigh states, "A little over a year ago, Keith Barron at Aurania Resources made a
fantastic discovery of copper-rich mineralization in sedimentary
rocks of the eastern foreland of the Ecuadorian Andes. While
researching other companies exploring this region, I noticed Hannan
had been quietly staking a commanding land position over areas
hosting similar mineralization immediately to the south in northern
Peru. Upon further investigation,
it became apparent that the host rocks and style of mineralization
Hannan is exploring are virtually identical to those discovered in
Ecuador. Therefore, I came to the
conclusion that this region hosts what is potentially a world-class
copper province. Recently, I have gotten to know the high-caliber
team at Hannan and am honoured they asked me to help with this
game-changing discovery."
Dr. Hennigh holds a Bachelor of Science from the University of Missouri, and M.Sc. and a Ph.D. in
geology and geochemistry from the Colorado
School of Mines. He is a member (P.Geo.) of the Society of
Economic Geologists, the Mining and Metallurgical Society of
America.
About Hannan Metals Limited
(TSX.V:HAN) (OTCPK: HANNF)
Hannan Metals Limited is a natural resources and
exploration company developing sustainable and ethical resources of
metal needed to meet the transition to a low carbon economy. Over
the last decade, the team behind Hannan has forged a long and
successful record of discovering, financing and advancing mineral
projects in Europe and
Peru.
Hannan's 100% owned San Martin project encompass a newly
identified, basin-scale high-grade copper-silver system situated
along the foreland region of the eastern Andes Mountains in
Peru and neighboring countries.
Geologically, these share similarities with sedimentary
copper-silver deposits including the vast
Kupferschiefer deposit in Eastern
Europe and deposits of the African Copper Belt situated in
sub-Saharan Africa, two of the largest copper districts on earth.
Hannan recognized the exceptional potential for large copper-silver
deposits in this part of Peru and
has aggressively staked a commanding position over 521 square
kilometres ("sq km") of prospective geology.
Mr. Michael Hudson FAusIMM, Hannan's Chairman and CEO, a
Qualified Person as defined in National Instrument 43-101, has
reviewed and approved the technical disclosure contained in this
news release.
On behalf of the Board,
"Michael Hudson"
Michael
Hudson, Chairman & CEO
Forward Looking Statements
Certain information set forth in this news release contains
"forward-looking statements", and "forward- looking information"
under applicable securities laws. Except for statements of
historical fact, certain information contained herein constitutes
forward-looking statements, which include the Company's
expectations regarding future performance based on current results,
expected cash costs based on the Company's current internal
expectations, estimates, projections, assumptions and beliefs,
which may prove to be incorrect. These statements are not
guarantees of future performance and undue reliance should not be
placed on them. Such forward-looking statements necessarily involve
known and unknown risks and uncertainties, which may cause the
Company's actual performance and financial results in future
periods to differ materially from any projects of future
performance or results expressed or implied by such forward-looking
statement. These risks and uncertainties include, but are not
limited to: The Company's expectations regarding timing to start
and complete field work and outcome of results, the timing and
granting of the claim applications in Peru, community relations, liabilities
inherent in mine development and production, geological risks, the
financial markets generally, and the ability of the Company to
raise additional capital to fund future operations. There can be no
assurance that forward-looking statements will prove to be
accurate, and actual results and future events could differ
materially from those anticipated in such statements. The Company
undertakes no obligation to update forward-looking statements if
circumstances or management's estimates or opinions should change
except as required by applicable securities laws. The reader is
cautioned not to place undue reliance on forward-looking
statements.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news.
SOURCE Hannan Metals Ltd.
