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Hannan Metals Ltd.
Summary
| Project: | Kilbricken | |
|---|---|---|
| Deposit: | Kilbricken | |
| Location: | Ireland | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 2/4/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-2-2019: Hannan Metals Ltd. announces a Resource Estimation report for its Kilbricken deposit at the Kilbricken project. Amended mineral resource estimate at the project. Mr. Michael Hudson, CEO and Chairman, states: “The maiden resource is an important | |
| Resources: | (Resource): 2.656Mt @ 9.5% ZnEq (Ind.) and 1.681Mt @ 8.6% ZnEq (Inf.) at Kilbricken | |
| CP/QP: | [Resources]: J. Colthurst, G. Charles (Reed Leyton Consultants;Manse Leyton Services Pty Ltd.) | |
| ABSTRACT: | Mr. Michael Hudson, CEO and Chairman, states: “The maiden resource is an important milestone for Hannan. It demonstrates the high-grade potential of the deposit and immediately ranks Kilbricken as one of the top ten base metal deposits discovered to date in Ireland. This is significant initial achievement in a country that is ranked first in the world in terms of zinc discovered per square kilometre since the 1950’s. While this resource is substantial, it is also lies open in all directions with excellent potential for expansion. We currently have one drill rig operating a resource expansion program and we will soon be mobilizing additional drill rigs. We are able to approach our exploration and expansion programs with the benefit of extensive technical databases and an increased understanding of the controls on mineralization, providing an excellent chance for continued discovery.” The National Instrument 43-101 Mineral Resource estimate was calculated by Mr. Geoff Reed, MAUSIMM (CP), of Reed Leyton Consulting Pty Ltd (“Reed Leyton”) from Sydney, Australia. The resource has an effective date of 10 July, 2017. Reed Leyton estimated the Kilbricken Mineral Resource using a drill database of 222 drill holes for 118,000 metres produced by Lundin Mining Ltd, drilled from 2010 to 2012. The resource was calculated using mineralized intercepts from 76 drillholes and a comprehensive re-interpretation of the geology by Hannan. The resource does not include any 2017 drilling by Hannan. | |
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