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Hannan Metals ready to start drilling in County Clare

Hannan is the sole-owner of the County Clare Zn-Pb-Ag-Cu project in Ireland, which consists of nine prospecting licences for 32,223 hectares.

County Clare
Ireland is a leading global jurisdiction for zinc mining and exploration

Hannan Metals Ltd (CVE:HAN) is to start drilling before the end of this month at its wholly-owned Clare zinc project in Ireland.

The company, which recently raised funds to finance the drilling program, said drilling would start once permitting has been finalized.

READ Hannan Metals brings in C$1.105mln for Irish exploration

Over the course of the drilling program, Hannan intends to drill 4,300 metres by the end of the first quarter of next year.

The programmer is focused on testing new shallow targets located 100-200 metres below the surface with potential for stand-alone mineralized bodies. Targets have been prioritized using seismic and soil sampling data collected by Hannan over the past 12 months.

The three targets areas are named Ballyhickey, Finanagh and Doora and lie within 2 kilometres of the Kilbricken resource area. These areas include historic lead-silver mines, a 2.5-kilometre long multi-element soil anomaly, newly discovered outcropping mineralization and all lie in a prospective context with respect to seismic-mapped faults, Hannan said.

"Over the past year, Hannan has completed extensive seismic, drilling and geochemical programs at the Clare zinc project. With this bank of new data, the project is now perfectly poised for drill testing of high priority shallow targets adjacent to the Kilbricken resource,” said Michael Hudson, the chairman and chief executive officer of Hannan.

“Following our over-subscribed placement of C$1.1mln, we are moving quickly, with a drill rig soon to be mobilized to site with the aim to define further stand-alone mineralized bodies," he added.

 

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Price: 0.33 CAD

TSX-V:HAN
Market: TSX-V
Market Cap: $25.96 m
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