Just reported last week Hannan Metals (ISIN: CA4105841064 / TSX-V: HAN) of a new copper-silver discovery on the Sacanche mining concession two kilometers south of the well-known mineralization. ‘Sacanche’ is part of Hannan Metal’s 100% own sediment copper-silver project in the San Martin Basin, which stretches over 120 kilometers along the foreland region of the eastern Andes in Peru. Two kilometers south of the previous silver and copper finds, extensions of another mineralized zone were initially located there, in which up to 4.4% copper and 61 g / t silver were found!
Source: Hannan Metals
With the results now published, Hannan Metals goes one step further! Because in five further excavations over a distance of 400 m copper and silver deposits were again with grades of up to 6.9% copper and 32 g / t silver over 0.2 m and 2.8% copper and 14 g / t silver over 0.8 m found in a partially sampled core. Within a bulk sample 0.8% copper and 14 g / t silver over 2.5 m found.
These excellent results once again clearly confirm the first finds from the middle of the month https://www.wallstreet-online.de/news/12631692-hannan-metals-skeena-resources-topunternehmen-trumpfen-auf.
It is also important to recognize that the type of copper and silver mineralization and the stratigraphic position match the previously defined copper silver mineralization with the Sarayaquillo formation. So it seems like it’s a large mineralized system.
Source: Hannan Metals
In order to find out more precisely, however, additional systematic sampling is required in order to determine the entire range of mineralization. The new results are located two kilometers south of a previously reported slot test, the 3 meters with 2.5% copper and 22 g / t silver, including 0.5 m with 4.4% copper and 61 g / t silver with a lower incision with 1% copper revealed.
CEO Michael Hudson said:
“Proof of the continuity of mineralization at multiple points within a two kilometer trend across potentially economic latitudes is the critical step in the evolving definition of the sedimentary, stratified copper-silver system on ‘San Martin’. Even though exploration is still at an early stage, the predictability and continuity of the grades at these levels is seen as an extremely positive development. ”
The mineralization of the rediscovery, which falls 25 degrees to the west in the open fold of an open asymmetrical anti-clinic, is located immediately upstream of a stream where 10 mineralized samples of boulders between 5.0% copper and 36 g / t silver to 0.4% copper and 3.9 g / t silver and an average of 2.7% copper and 16.9 g / t silver surrendered.
Source: Hannan Metals
In addition, host rock with 0.1% copper was discovered within a new area.
Hannan Metals develops his project at an exorbitant speed with top results! The continuing good news should push the stock to significantly higher regions.
Millennial Lithium receives key approval to build and operate a lithium carbonate manufacturing facility
The Canadian lithium explorer has been quiet in the recent past Millennial Lithium Corp. (ISIN: CA60040W1059 / TSX-V: ML) that was in an approval process. But now it’s done. The company has received the most important environmental license for the construction of an analog system from the environmental and mining authority of the province of Salta, Argentina, the ‘Declaracion de Impacto Ambiental’, and has thus taken an extremely high hurdle in the approval process.
This environmental impact assessment, which was carried out by Ausenco-Vector’s licensing professionals, is a relief for the construction and operation of a lithium-carbonate production plant for battery-grade lithium with an annual capacity of up to 25,000 tons. With this approval, ‘Pastos Grandes’ is currently the only active project in the region before the construction phase.
Farhad Abasov, President and CEO, was delighted to receive the environmental permit for the construction and operation of the project and commented:
“This approval is an important step to secure the full support of the provincial and federal government on our way to start production of the ‘Pastos Grandes’ project. The timely government approval reflects both the detailed and comprehensive nature of the approval and the government’s commitment to continue to support viable mining projects. We are pleased to have received this approval, which makes ‘Pastos Grandes’ one of the most advanced lithium projects in the world. “
Debt free and with around 22 million CAD cash, Millennial Lithium is financially well equipped and can take the project to the next level. In the future, we are therefore again assuming a stronger flow of messages, which in such approval phases will turn out to be thin.
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