Hannan Soil Sampling Defines Copper-Silver Mineralization Over 18 Kilometres at Tabalosos East

VANCOUVER, BC / ACCESSWIRE / June 17, 2021 / Hannan Metals Limited ("Hannan" or the "Company") (TSXV: HAN)(OTC PINK:HANNF) reports on the results from the soil geochemical sampling program from the Tabalosos East prospect within the San Martin JOGMEC JV sediment-hosted copper-silver project in Peru (Figures 1 and 2).

Hannan is rapidly advancing the Tabalosos East target and demonstrating scale and continuity of copper-silver mineralization over 18 kilometres of combined strike, within a 6 kilometre by 2 kilometre area (Figure 2). Three geological teams with more than 10 local assistants and guides are systematically sampling traverses across the densely vegetated jungle. The survey is the first systematic attempt to map the continuity of the high-grade mineralized outcrops reported in March 2021.

Highlights:

• The soil survey confirms continuity of previously reported high grade copper mineralization at Tabalosos East which included outcrop mineralization of up to 2.0m @ 4.9% copper and 62 g/t silver. The area is covered by dense jungle vegetation and in parts relatively steep topography. It is estimated that <1% of the bedrock outcrops;
• A total of 1,211 soil samples have been taken with approximately 50% of the survey completed. Sampling will be ongoing for another two months;
• Results demonstrate continuity of sub-cropping stratabound copper-silver mineralization over 18 kilometres of combined strike, within a 6 kilometre by 2 kilometre area (Figure 2);
• Permitting to undertake advanced exploration work within Tabalosos East, including diamond drilling, are ongoing with Environmental Impact Statement (Declaración de Impacto Ambiental, or "DIA") baseline studies underway.

Michael Hudson, CEO, states, "These results demonstrate the scale of the Company's multi-kilometre long copper-silver anomalies at the Tabalosos East prospect and coincide with, and expand upon, areas of known mineralization in outcrop. Encouragingly, these data confirm the continuity of mineralization at the same stratigraphic position and outline 18 kilometres of subcropping mineralization at Tabalosos East. Our sediment-hosted San Martin copper-silver project continues to develop into a major copper-silver system of scale for Peru."