Source CANADA NEWSWIRE
Date 11/27/2017
Time 05:17:53 AM
Company Hannan Metals Ltd.
Title Hannan Continues Drill Success Outside Resource Area at Kilbricken,
Ireland
CDNX Symbol: HAN
Press Release
" BC-HannanKilbrickenDrill 11-27 1849
News release via Canada NewsWire, Toronto 416-863-9350 -ME-
Attention Business Editors:
^Hannan Continues Drill Success Outside Resource Area at Kilbricken,
Ireland@
Drill Results Include 8.4m (at) 8.0% ZnEQ and 3.3m (at) 10.4% ZnEQ
VANCOUVER, Nov. 27, 2017 /CNW/ - Hannan Metals Limited ("Hannan" or the
"Company") (TSX.V: HAN) (OTCPK: HANNF) is pleased to announce results from a
further two diamond drill holes completed as part of a resource expansion
program at the 100%-owned Kilbricken zinc-lead-silver-copper deposit in County
Clare, Ireland.
Key Points:
<<
-- Results from two additional holes (DH219,DH220) are reported here.
Significant mineralization demonstrating thicknesses and grades
consistent with the resource areas at Kilbricken, has been intersected
in all four step-out resource expansion holes (Table 1). These holes
have extended mineralization up to 250 metres and 200 metres from the
Chimney and Fort resource areas respectively;
-- DH 17-3679-219 ("DH219"), a 50 metre step out hole from the Fort Zone
intersected massive sulphide mineralization within a total down-hole
thickness of 92.9 metres. Highlights included:
o 8.4m (at) 8.0% ZnEQ (6.2% Zn, 0.9% Pb, 15 g/t Ag and 0.35% Cu) from 599.0m
(number sign) Including 1.4m (at) 20.8% ZnEQ (16.8% Zn, 3.5% Pb, 30 g/t Ag,
0.2% Cu) from
604.0m
o 12.8m (at) 5.1% ZnEQ (3.2% Zn, 1.8% Pb, 13g/t Ag and 0.05% Cu) from 631.5m
(number sign) Including 0.9m (at) 17.8% ZnEQ (15.3% Zn, 2.1% Pb, 25 g/t Ag,
0.1% Cu) from
643.4m
-- DH 17-3679-220 ("DH220"), the first diamond drill hole to test along
strike from the Chimney Zone, was a 75 metre step out. Highlights
included:
o 3.3m (at) 10.4% ZnEQ (3.6% Zn, 6.5% Pb, 58 g/t Ag and 0.1% Cu) from 477.0m
(number sign) Including 1.0m (at) 18.6% ZnEQ (3.7% Zn, 14.5% Pb, 121 g/t Ag,
0.2% Cu) from
478.6m
-- To date, five holes have been completed by Hannan at Kilbricken, and one
in progress for a total of 4,160 metres. A 6,500 metre resource
expansion drill program is ongoing, with two drill rigs now at site to
test along strike and down dip from the mineral resource area (Hannan
Press Release, 10 July, 2017). Drilling will continue through to Q1
2018.
-- The drill program is now progressing to larger 300-500 metre step outs
from existing resources, targeting additional base metal mineralized
bodies adjacent to Kilbricken.
>>
Mr. Michael Hudson, CEO and Chairman, states: "Our maiden drill program
at Kilbricken has started with an impressive hit rate, with reported drill
holes extending mineralization up to hundreds of metres beyond the resource
area. All holes demonstrate significant widths and high grades of base metal
mineralization (Table 1) consistent with those found in the resource areas at
Kilbricken. This success has provided confidence to move into the next phase
of our drill program, with larger 300-500 metre step outs from the Kilbricken
resource, to target additional stand-alone base metal mineralized bodies.
Strong geochemical and geophysical anomalies are being drill tested along
strike and dip from Kilbricken (Figure 1), and with two drill rigs turning the
potential for discovery and resource expansion is high."
Plan and cross section views of the drill results are provided in Figures
1-3. Table 1 shows highlight intersections from all holes drilled to date and
Table 2 shows all relevant collar and assay information. The true thickness of
mineralized intervals at Kilbricken is interpreted to be greater than 95% of
the drilled thickness.
In addition to above, hole 17-3679-221 ("DH221"), a 150 metre step-out
from the Fort Zone, was completed at 763.4 metres depth and is now being
logged and assayed. Hole 17-3679-222 ("DH222"), a 800 metre step-out from the
Fort Zone and 150 metres down dip from the Chimney Zone, remains in progress.
Hole 17-3679-223 ("DH223") a 500 metre step out to the north of the Chimney
Zone, targeting shallower mineralization identified by recent soil sampling,
remains in progress (Hannan News Release Oct. 10, 2017). (Figure 1, Table 2).
The maiden mineral resource for Kilbricken was published on July 10,
2017, and immediately ranked Kilbricken as one of the top ten base metal
deposits discovered in Ireland by tonnes and grade. Total indicated mineral
resources were calculated as 2.7 million tonnes at 8.8% zinc equivalent
("ZnEq"), including 1.4 million tonnes at 10.8% Zneq and total inferred
mineral resources of 1.7 million tonnes at 8.2% ZnEq, including 0.6 million
tonnes at 10.4% ZnEq. Importantly, as DH218 shows, the initial resource is
expandable at all scales, from near-resource to prospect scale.
NI 43-101 Technical Report:On August 22, 2017, Hannan filed an
independent National Instrument 43-101 Technical Report (the "NI 43-101
Technical Report") on The Mineral Resource Estimate for the Kilbricken
Zinc-Silver-Lead-Copper Project Co. Clare, Ireland For Hannan Metals Ltd in
support of the Company's news release dated July 10, 2017. The NI 43-101
Technical Report was authored by Mr. Geoff Reed of Reed Leyton Consultants and
Dr. John Colthurst who are independent "qualified persons" as defined by
National Instrument 43-101. The NI 43-101 Technical Report may be found under
the Company's profile on SEDAR at www.sedar.com and on the Company's website
at www.hannanmetals.com.
Technical BackgroundA diamond drill rig from Priority Drilling Limited
with water recirculation and drill cuttings collection systems was used for
the drill results reported here. Core diameter is NQ2 (50.6 mm). Core
recoveries were excellent and average close to 95-100% in fresh rock. After
photographing and logging, core intervals averaging 1-2 metre for mineralized
samples were cut in half at Hannan's core facilities in Ennis, County Clare,
Ireland. The remaining half core is retained for verification and reference
purposes.
Analytical samples were transported by Hannan personnel from site to the
ALS Loughrea located at Dublin Road, Loughrea, County Galway, Ireland. At the
laboratory samples are dried, crushed to 100% passing 2mm, then 500 grams
pulverized for multi-element analysis by method ME-MS6, a four-acid digest
performed on 0.25 g of sample to quantitatively dissolve most geological
materials. Analysis is via ICP-MS + ICP-AES. Samples assaying over range 1%
zinc, lead, or copper and 100 g/t silver were re-assayed using methods
Ag/Pb/Zn-OG62, a precise ore grade method to determine lead, zinc and silver
by HF-HNO3-HClO4 Digest, HCl leach and ICP-AES. The QA/QC program of Hannan
consists of the systematic insertion of certified reference material of known
base metal content and blanks at the start of each batch and within
interpreted mineralized rock. In addition, ALS inserts blanks and standards
into the analytical process.
About Hannan Metals Limited (TSX.V:HAN) (OTCPK: HANNF)
Hannan Metals Limited has 100% ownership of the County Clare Zn-Pb-Ag-Cu
project in Ireland, which consists of 9 prospecting licences for 32,223
hectares. Zinc remains in tight supply amidst rising demand and stagnant
supply. Ireland is a leading global jurisdiction for zinc mining and
exploration. In 2015, Ireland was the world's 10th largest zinc producing
nation with 230,000 tonnes produced.
Over the last decade, the team behind Hannan has forged a long and
successful record of financing and discovering mineral projects in Europe.
Additionally, the team holds extensive zinc experience, gained from the
world's largest integrated zinc producer of the time, Pasminco Ltd.
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 the
current drill program, 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 release.
Table 1: Highlight intersections from DH 217-221 during the maiden Hannan
resource extension drill program at Kilbricken.
Lower cut-off 3% ZnEq.
HOLE From To Width Zn% Pb% Ag ppm Cu%
ZnEq% Date Reported
(m)
(equal sign)(equal sign)(equal sign) (equal
sign)(equal sign)(equal sign)
DH217 528.0 536.0 8.0 4.1 33.7 174
0.1 35.8 July 20, 2017
----- ----- ----- --- --- ---- ---
--- ---- -------------
incl. 528.0 531.2 3.2 8.4 72.8 388 0.1
76.9 July 20, 2017
----- ----- ----- --- --- ---- --- ---
---- -------------
570.0 573.4 3.4 5.2 4.3 33 0.1
9.6 July 20, 2017
----- ----- --- --- --- --- ---
--- -------------
588.0 614.6 26.6 7.5 0.9 14 0.1
8.7 July 20, 2017
----- ----- ---- --- --- --- ---
--- -------------
incl. 588.0 606.8 18.8 8.8 1.1 19 0.1
10.3 July 20, 2017
----- ----- ----- ---- --- --- --- ---
---- -------------
622.6 656.4 33.8 0.0 0.1 11 0.3
0.9 July 20, 2017
----- ----- ---- --- --- --- ---
--- -------------
DH218 526.0 530.0 4.0 0.7 8.9 31
0.0 8.6 Sept 18, 2017
----- ----- ----- --- --- --- ---
--- --- -------------
incl. 526.0 527.4 1.4 1.6 15.2 53 0.0
15.2 Sept 18, 2017
----- ----- ----- --- --- ---- --- ---
---- -------------
incl. 529.0 530.0 1.0 0.4 13.8 46 0.0
12.8 Sept 18, 2017
----- ----- ----- --- --- ---- --- ---
---- -------------
544.0 550.0 6.0 2.5 1.8 13 0.0
4.4 Sept 18, 2017
----- ----- --- --- --- --- ---
--- -------------
incl. 547.9 550.0 2.1 5.0 3.7 25 0.1
8.7 Sept 18, 2017
----- ----- ----- --- --- --- --- ---
--- -------------
557.6 564.0 6.4 4.8 1.3 15 0.1
6.3 Sept 18, 2017
----- ----- --- --- --- --- ---
--- -------------
incl. 557.6 558.7 1.1 13.3 3.1 34 0.1
16.9 Sept 18, 2017
----- ----- ----- --- ---- --- --- ---
---- -------------
571.2 581.2 10.0 3.4 1.0 13 0.1
4.7 Sept 18, 2017
----- ----- ---- --- --- --- ---
--- -------------
DH219 599.0 607.4 8.4 6.2 0.9 15
0.4 8.0 Here
----- ----- ----- --- --- --- ---
--- --- ----
incl. 604.0 605.4 1.4 16.8 3.5 30 0.2
20.8 Here
----- ----- ----- --- ---- --- --- ---
---- ----
631.5 644.3 12.8 3.2 1.8 13 0.1
5.1 Here
----- ----- ---- --- --- --- ---
--- ----
incl. 643.4 644.3 0.9 15.3 2.1 25 0.1
17.8 Here
----- ----- ----- --- ---- --- --- ---
---- ----
DH220 477.0 480.3 3.3 3.6 6.5 58
0.1 10.4 Here
----- ----- ----- --- --- --- ---
--- ---- ----
incl. 478.6 479.5 1.0 3.7 14.5 121 0.2
18.6 Here
----- ----- ----- --- --- ---- --- ---
---- ----
Note: The zinc equivalent (ZnEq)
value was calculated
using the following
formula: ZnEq% (equal sign) Zn % +
(Cu% (x) 2.102) + Pb% (x)
0.815) + (Ag g/t (x)
0.023) with assumed
prices of Zn $2587/t; Cu
$5437/t; Pb $2108/t and
Ag $18.44/oz.
Table 2: Collar Information for Resource Expansion Program at the
Kilbricken Project (Irish National Grid)
HoleID East North Azimuth Dip RL Depth
(m) Comment
------ ---- ----- ------- --- ---
-------- -------
DH217 139133 176006 020 -82
22.433 714 Reported
July 20, 2017
---
-------------
DH218 139165 176035 010 -81
22.735 651 Reported
July 20, 2017
---
-------------
DH219 139168 175979 0 -90 22.443
762.4 Reported
Sept 18, 2017
---
-------------
DH220 140340.086 176010.047 182 -85
24.245 530 Reported
Sept 18, 2017
---
" BC-HannanKilbrickenDrill 11-27 1849
News release via Canada NewsWire, Toronto 416-863-9350 -ME-
Attention Business Editors:
^Hannan Continues Drill Success Outside Resource Area at Kilbricken,
Ireland@
Drill Results Include 8.4m (at) 8.0% ZnEQ and 3.3m (at) 10.4% ZnEQ
VANCOUVER, Nov. 27, 2017 /CNW/ - Hannan Metals Limited ("Hannan" or the
"Company") (TSX.V: HAN) (OTCPK: HANNF) is pleased to announce results from a
further two diamond drill holes completed as part of a resource expansion
program at the 100%-owned Kilbricken zinc-lead-silver-copper deposit in County
Clare, Ireland.
Key Points:
<<
-- Results from two additional holes (DH219,DH220) are reported here.
Significant mineralization demonstrating thicknesses and grades
consistent with the resource areas at Kilbricken, has been intersected
in all four step-out resource expansion holes (Table 1). These holes
have extended mineralization up to 250 metres and 200 metres from the
Chimney and Fort resource areas respectively;
-- DH 17-3679-219 ("DH219"), a 50 metre step out hole from the Fort Zone
intersected massive sulphide mineralization within a total down-hole
thickness of 92.9 metres. Highlights included:
o 8.4m (at) 8.0% ZnEQ (6.2% Zn, 0.9% Pb, 15 g/t Ag and 0.35% Cu) from 599.0m
(number sign) Including 1.4m (at) 20.8% ZnEQ (16.8% Zn, 3.5% Pb, 30 g/t Ag,
0.2% Cu) from
604.0m
o 12.8m (at) 5.1% ZnEQ (3.2% Zn, 1.8% Pb, 13g/t Ag and 0.05% Cu) from 631.5m
(number sign) Including 0.9m (at) 17.8% ZnEQ (15.3% Zn, 2.1% Pb, 25 g/t Ag,
0.1% Cu) from
643.4m
-- DH 17-3679-220 ("DH220"), the first diamond drill hole to test along
strike from the Chimney Zone, was a 75 metre step out. Highlights
included:
o 3.3m (at) 10.4% ZnEQ (3.6% Zn, 6.5% Pb, 58 g/t Ag and 0.1% Cu) from 477.0m
(number sign) Including 1.0m (at) 18.6% ZnEQ (3.7% Zn, 14.5% Pb, 121 g/t Ag,
0.2% Cu) from
478.6m
-- To date, five holes have been completed by Hannan at Kilbricken, and one
in progress for a total of 4,160 metres. A 6,500 metre resource
expansion drill program is ongoing, with two drill rigs now at site to
test along strike and down dip from the mineral resource area (Hannan
Press Release, 10 July, 2017). Drilling will continue through to Q1
2018.
-- The drill program is now progressing to larger 300-500 metre step outs
from existing resources, targeting additional base metal mineralized
bodies adjacent to Kilbricken.
>>
Mr. Michael Hudson, CEO and Chairman, states: "Our maiden drill program
at Kilbricken has started with an impressive hit rate, with reported drill
holes extending mineralization up to hundreds of metres beyond the resource
area. All holes demonstrate significant widths and high grades of base metal
mineralization (Table 1) consistent with those found in the resource areas at
Kilbricken. This success has provided confidence to move into the next phase
of our drill program, with larger 300-500 metre step outs from the Kilbricken
resource, to target additional stand-alone base metal mineralized bodies.
Strong geochemical and geophysical anomalies are being drill tested along
strike and dip from Kilbricken (Figure 1), and with two drill rigs turning the
potential for discovery and resource expansion is high."
Plan and cross section views of the drill results are provided in Figures
1-3. Table 1 shows highlight intersections from all holes drilled to date and
Table 2 shows all relevant collar and assay information. The true thickness of
mineralized intervals at Kilbricken is interpreted to be greater than 95% of
the drilled thickness.
In addition to above, hole 17-3679-221 ("DH221"), a 150 metre step-out
from the Fort Zone, was completed at 763.4 metres depth and is now being
logged and assayed. Hole 17-3679-222 ("DH222"), a 800 metre step-out from the
Fort Zone and 150 metres down dip from the Chimney Zone, remains in progress.
Hole 17-3679-223 ("DH223") a 500 metre step out to the north of the Chimney
Zone, targeting shallower mineralization identified by recent soil sampling,
remains in progress (Hannan News Release Oct. 10, 2017). (Figure 1, Table 2).
The maiden mineral resource for Kilbricken was published on July 10,
2017, and immediately ranked Kilbricken as one of the top ten base metal
deposits discovered in Ireland by tonnes and grade. Total indicated mineral
resources were calculated as 2.7 million tonnes at 8.8% zinc equivalent
("ZnEq"), including 1.4 million tonnes at 10.8% Zneq and total inferred
mineral resources of 1.7 million tonnes at 8.2% ZnEq, including 0.6 million
tonnes at 10.4% ZnEq. Importantly, as DH218 shows, the initial resource is
expandable at all scales, from near-resource to prospect scale.
NI 43-101 Technical Report:On August 22, 2017, Hannan filed an
independent National Instrument 43-101 Technical Report (the "NI 43-101
Technical Report") on The Mineral Resource Estimate for the Kilbricken
Zinc-Silver-Lead-Copper Project Co. Clare, Ireland For Hannan Metals Ltd in
support of the Company's news release dated July 10, 2017. The NI 43-101
Technical Report was authored by Mr. Geoff Reed of Reed Leyton Consultants and
Dr. John Colthurst who are independent "qualified persons" as defined by
National Instrument 43-101. The NI 43-101 Technical Report may be found under
the Company's profile on SEDAR at www.sedar.com and on the Company's website
at www.hannanmetals.com.
Technical BackgroundA diamond drill rig from Priority Drilling Limited
with water recirculation and drill cuttings collection systems was used for
the drill results reported here. Core diameter is NQ2 (50.6 mm). Core
recoveries were excellent and average close to 95-100% in fresh rock. After
photographing and logging, core intervals averaging 1-2 metre for mineralized
samples were cut in half at Hannan's core facilities in Ennis, County Clare,
Ireland. The remaining half core is retained for verification and reference
purposes.
Analytical samples were transported by Hannan personnel from site to the
ALS Loughrea located at Dublin Road, Loughrea, County Galway, Ireland. At the
laboratory samples are dried, crushed to 100% passing 2mm, then 500 grams
pulverized for multi-element analysis by method ME-MS6, a four-acid digest
performed on 0.25 g of sample to quantitatively dissolve most geological
materials. Analysis is via ICP-MS + ICP-AES. Samples assaying over range 1%
zinc, lead, or copper and 100 g/t silver were re-assayed using methods
Ag/Pb/Zn-OG62, a precise ore grade method to determine lead, zinc and silver
by HF-HNO3-HClO4 Digest, HCl leach and ICP-AES. The QA/QC program of Hannan
consists of the systematic insertion of certified reference material of known
base metal content and blanks at the start of each batch and within
interpreted mineralized rock. In addition, ALS inserts blanks and standards
into the analytical process.
About Hannan Metals Limited (TSX.V:HAN) (OTCPK: HANNF)
Hannan Metals Limited has 100% ownership of the County Clare Zn-Pb-Ag-Cu
project in Ireland, which consists of 9 prospecting licences for 32,223
hectares. Zinc remains in tight supply amidst rising demand and stagnant
supply. Ireland is a leading global jurisdiction for zinc mining and
exploration. In 2015, Ireland was the world's 10th largest zinc producing
nation with 230,000 tonnes produced.
Over the last decade, the team behind Hannan has forged a long and
successful record of financing and discovering mineral projects in Europe.
Additionally, the team holds extensive zinc experience, gained from the
world's largest integrated zinc producer of the time, Pasminco Ltd.
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 the
current drill program, 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 release.
Table 1: Highlight intersections from DH 217-221 during the maiden Hannan
resource extension drill program at Kilbricken.
Lower cut-off 3% ZnEq.
HOLE From To Width Zn% Pb% Ag ppm Cu%
ZnEq% Date Reported
(m)
(equal sign)(equal sign)(equal sign) (equal
sign)(equal sign)(equal sign)
DH217 528.0 536.0 8.0 4.1 33.7 174
0.1 35.8 July 20, 2017
----- ----- ----- --- --- ---- ---
--- ---- -------------
incl. 528.0 531.2 3.2 8.4 72.8 388 0.1
76.9 July 20, 2017
----- ----- ----- --- --- ---- --- ---
---- -------------
570.0 573.4 3.4 5.2 4.3 33 0.1
9.6 July 20, 2017
----- ----- --- --- --- --- ---
--- -------------
588.0 614.6 26.6 7.5 0.9 14 0.1
8.7 July 20, 2017
----- ----- ---- --- --- --- ---
--- -------------
incl. 588.0 606.8 18.8 8.8 1.1 19 0.1
10.3 July 20, 2017
----- ----- ----- ---- --- --- --- ---
---- -------------
622.6 656.4 33.8 0.0 0.1 11 0.3
0.9 July 20, 2017
----- ----- ---- --- --- --- ---
--- -------------
DH218 526.0 530.0 4.0 0.7 8.9 31
0.0 8.6 Sept 18, 2017
----- ----- ----- --- --- --- ---
--- --- -------------
incl. 526.0 527.4 1.4 1.6 15.2 53 0.0
15.2 Sept 18, 2017
----- ----- ----- --- --- ---- --- ---
---- -------------
incl. 529.0 530.0 1.0 0.4 13.8 46 0.0
12.8 Sept 18, 2017
----- ----- ----- --- --- ---- --- ---
---- -------------
544.0 550.0 6.0 2.5 1.8 13 0.0
4.4 Sept 18, 2017
----- ----- --- --- --- --- ---
--- -------------
incl. 547.9 550.0 2.1 5.0 3.7 25 0.1
8.7 Sept 18, 2017
----- ----- ----- --- --- --- --- ---
--- -------------
557.6 564.0 6.4 4.8 1.3 15 0.1
6.3 Sept 18, 2017
----- ----- --- --- --- --- ---
--- -------------
incl. 557.6 558.7 1.1 13.3 3.1 34 0.1
16.9 Sept 18, 2017
----- ----- ----- --- ---- --- --- ---
---- -------------
571.2 581.2 10.0 3.4 1.0 13 0.1
4.7 Sept 18, 2017
----- ----- ---- --- --- --- ---
--- -------------
DH219 599.0 607.4 8.4 6.2 0.9 15
0.4 8.0 Here
----- ----- ----- --- --- --- ---
--- --- ----
incl. 604.0 605.4 1.4 16.8 3.5 30 0.2
20.8 Here
----- ----- ----- --- ---- --- --- ---
---- ----
631.5 644.3 12.8 3.2 1.8 13 0.1
5.1 Here
----- ----- ---- --- --- --- ---
--- ----
incl. 643.4 644.3 0.9 15.3 2.1 25 0.1
17.8 Here
----- ----- ----- --- ---- --- --- ---
---- ----
DH220 477.0 480.3 3.3 3.6 6.5 58
0.1 10.4 Here
----- ----- ----- --- --- --- ---
--- ---- ----
incl. 478.6 479.5 1.0 3.7 14.5 121 0.2
18.6 Here
----- ----- ----- --- --- ---- --- ---
---- ----
Note: The zinc equivalent (ZnEq)
value was calculated
using the following
formula: ZnEq% (equal sign) Zn % +
(Cu% (x) 2.102) + Pb% (x)
0.815) + (Ag g/t (x)
0.023) with assumed
prices of Zn $2587/t; Cu
$5437/t; Pb $2108/t and
Ag $18.44/oz.
Table 2: Collar Information for Resource Expansion Program at the
Kilbricken Project (Irish National Grid)
HoleID East North Azimuth Dip RL Depth
(m) Comment
------ ---- ----- ------- --- ---
-------- -------
DH217 139133 176006 020 -82
22.433 714 Reported
July 20, 2017
---
-------------
DH218 139165 176035 010 -81
22.735 651 Reported
July 20, 2017
---
-------------
DH219 139168 175979 0 -90 22.443
762.4 Reported
Sept 18, 2017
---
-------------
DH220 140340.086 176010.047 182 -85
24.245 530 Reported
Sept 18, 2017
---
-------------
DH221 139302.698 175860.604 075 -80 20.34
763.4 At assay lab
----- ---------- ---------- --- --- -----
----- ------------
DH222 139843 175739 054 -71
26.83 550 In progress
----- ------ ------ --- ---
----- --- -----------
DH223 139533.965 176698.017 020 -55
24.373 190 In progress
----- ---------- ---------- --- ---
------ --- -----------
SOURCE Hannan Metals Ltd.
View original content with multimedia: http://www.newswire.ca/en/releases/archive/November2017/27/c6260.html -0- 11/27/2017 /For further information: www.hannanmetals.com, 1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7, Mariana Bermudez, Corporate Secretary, +1 (604) 685 9316, info(at)hannanmetals.com/ (HANNF HAN.) CO: Hannan Metals Ltd. ST: British Columbia IN: MIN SU: -30-