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Hannan Metals Ltd.
Summary
| Project: | Clare | |
|---|---|---|
| Deposit: | Clare | |
| Location: | Ireland | |
| Commodities: | Zinc-Silver-Lead-Zinc | |
| Date: | 1/10/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-1-2017: Hannan Metals Ltd. announces a Supporting Acquisition report for its Clare deposit at the Clare project. Summary of property in support of acquisition. The Clare zinc-silver-lead-copper property (the “Clare Property”) consists of 7 prospecting | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dr. John Colthurst (Independent) | |
| ABSTRACT: | The Clare zinc-silver-lead-copper property (the “Clare Property”) consists of 7 prospecting licences (“PLs”) and two PL applications for a total of 32,223 hectares located in County Clare, Ireland (Figure 1), the western edge of which is 1.5 km east of the town of Ennis (Figure 2). PLs 3509, 3640, 3643, 3679, 3787, 3788 and 3789, are granted and issued by the Exploration and Mining Division (“EMD”) of the Department of Communications, Climate Action and Environment while PLs 3508 and 3642 remain under application (Figure 1). All prospecting licences of the Clare Property are 100% owned by Hannan Metals Ireland Ltd (“Hannan Ireland”), a 100% owned subsidiary of Hannan Metals Ltd, a private Canadian company. Mitchell Resources Ltd (“Mitchell”) announced on November 8, 2016 that it had reached an agreement with the shareholders of Hannan Metals Ltd to acquire all the issued and outstanding shares of Hannan Metals Ltd and, consequently, a 100% interest in Hannan Metals Ltd’s rights, through its wholly-owned subsidiary Hannan Metals Ireland Ltd to the Clare prospecting licences in County Clare, Ireland. Mitchell Resources Ltd will be renamed Hannan Metals Ltd on completion of the acquisition. The Irish base metal ore field is one of the world’s best mineralized zinc provinces and is considered highly prospective for new zinc discoveries. In 2015 Ireland was the world’s 10th largest zinc producing nation with 230,000 tonnes produced. | |
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