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Hannan resource expansion drill program for zinc in Ireland

Published 07 September 2017

Hannan Metals Limited has provided an exploration update and an outline of upcoming work programs for the company's zinc projects in Ireland following the recent closing of a $3.3 million financing.

Key Points:

  • An 8,500 metre resource expansion drill program is ongoing at the Kilbricken zinc project in County Clare, Ireland. 
  • One rig is now drilling and a second rig will be mobilized to site at the start of next week; 
  • To date, two holes (DH 17-3679-217 ("DH217") and DH 17-3679-218 ("DH218")) have been completed for 1,365 metres. 
  • A 40 kilometre 2D regional seismic program has been permitted and a contract awarded, with surveying to start in October 2017. The seismic survey aims to delineate the key mineralizing structures that lie within Hannan's 32,223 hectare Clare project;
  • Five hundred soil samples around Kilbricken have been collected and assays are awaited.  An additional 600 samples are currently being collected from various prospect areas;
  • Metallurgical locked cycle testwork is underway on the Kilbricken mineralization;

Mr Hudson, Chairman and CEO states, "After closing our recent financing, our team has not wasted any time to initiate our drill-based exploration programs in County Clare. Kilbricken is one of the few high-grade, zinc-rich, massive sulphide discoveries made over the last decade and the recently announced resource is a substantial starting point for the Company. With a healthy treasury, we are well placed to achieve our aim of expanding Kilbricken through comprehensive drill testing of the numerous targets that lie adjacent to the initial resource area."

Hannan's first diamond drill hole at Kilbricken, DH217, was one of the most richly mineralized ever drilled at the property. The true thickness of the mineralized intervals is interpreted to be approximately 95% of the sampled thickness. Highlights include:

  • 8.0 metres @ 4.1% Zn, 33.7% Pb and 174 g/t Ag (37.9% Zn+Pb) from 528 metres, including 3.2 metres @ 8.4% Zn, 72.8% Pb and 388 g/t Ag (81.2% Zn+Pb) from 528 metres; and
  • 3.4 metres @ 5.2% Zn, 4.3% Pb and 33 g/t Ag (9.5% Zn+Pb) from 570 metres; and
  • 26.6 metres @ 7.5% Zn, 0.9% Pb and 14 g/t Ag (8.4% Zn+Pb) from 588 metres, including 18.8 metres @ 8.8% Zn, 1.1% Pb, 19 g/t Ag (9.9% Zn+Pb) from 588 metres;

Results from the second diamond drill hole (DH218) at Kilbricken will soon be available.  DH218 is a 50 metre step out and located 70 metres up-dip from DH217.

Source: Company Press Release