Hannan Commences 41 LINE Kilometre Seismic Survey IN Ireland
1305 – 1090 West Georgia Street, Vancouver, BC, V6E 3V7
Phone: +1 604 685 9316 / Fax: +1 604 683 1585
NEWS RELEASE NOVEMBER 16, 2017
HANNAN COMMENCES 41 LINE KILOMETRE SEISMIC SURVEY IN IRELAND
Vancouver, Canada – Hannan Metals Limited (“Hannan” or the “Company”) (TSX.V: HAN) (OTCPK: HANNF)
is pleased to announce the commencement of a 40.6 line kilo metre 2D seismic survey at the 100%-owned County Clare
exploration license, which hosts the Kilbricken zinc-lead-silver deposit, Ireland. The survey will cover the most prospective
areas within the 32,223 Ha prospecting licence area, and is designed to identify and map the geological structures that host
and control base metal mineralization.
Key Points:
A 40.6 line kilometre 2D seismic survey has commenced across Hannan’s County Clare 100% owned prospecting
licence area, employing the latest seismic geophysical exploration techniques used by the oil and gas industry;
The survey will extend from the Kilbricken zinc-lead-silver resource area and will extend over an area of 12 kilometre
by 14 kilometre within the Clare Basin where potential is ve ry high for additional base metals discoveries (Figure
1);
Seismic is not a technique commonly used in hard rock mining and is more popular in the oil and gas industry.
Hannan is one of only a handful of exploration companies to use the method globally;
The survey has the potential to propel understanding of th e regional geology of the Clare Basin in a technological
way, not previously possible. The su rvey aims to map subsurface structur es that may host mineral deposits,
allowing for highly effective drill targeting when used in combination with other data.
Mr. Michael Hudson, CEO and Chairman, states: “The application of an innovative technology such as seismic to our
exploration program provides Hannan the opportunity to greatly accelerate discovery rate at our County Clare zinc project.
Hannan is one of few hard rock companies to apply seismic su rveying to mineral exploration globally. The geological data
collected will allow our geological experts to identify structures that may host base metal deposits in the both the local area
surrounding the Kilbricken resource, and beyond over a large regional area.”
The seismic survey was designed by Hannan, together with its geophysical consultants and is being carried out by Gallego
Technic Geophysics and Rees Onshore Seismic Ltd. A total of 34 people are currently at site in Ireland performing the
survey. The operations have been permitted by the Clare County Council and comply with all relevant central and local
government regulations. Three north-south lines and one east-w est tie line is planned to test for structures in multiple
orientations (Figure 1). The survey will run until the end of November.
Seismic surveys use sound waves to map features beneath the earth’s surface. A convoy of specialized vehicles (Vibrators)
(Photo 1) generate the sound waves which travel through the earth and are reflected back to surface from geological layers.
These faint echoes are recorded by sensors (geophones – Photo 2), which are then processed to produce images of the
underlying geological layers and struct ures. The seismic technique has advanced rapidly over the recent years as
researchers adapt and introduce new methods, algorithms and approaches with increasing computing power (Photo 3).
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.
The maiden mineral resource, dated July 10, 2017, 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.
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 extens ive zinc experience, gained from the world’s largest integrated zinc producer of th e 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.
NI 43-101 Technical Report:
On August 22, 2017, Hannan filed an independent National Instru ment 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.
On behalf of the Board,
"Michael Hudson"
Michael Hudson, Chairman & CEO
Further Information
www.hannanmetals.com
1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7
Mariana Bermudez, Corporate Secretary,
+1 (604) 685 9316, [email protected]
Forward Looking Statements
Certain information set forth in this news release contains “for ward-looking statements”, and “forward- looking information” under applicable securities
laws. Except for statements of historical fact, certain inform ation contained herein constitutes forward-looking statements, wh ich 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 inco rrect. 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, wh ich may cause the
Company’s actual performance and financial results in future periods to differ materially from any projects of future performan ce 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 up date 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 Ventu re Exchange) accepts
responsibility for the adequacy or accuracy of this news release.
Photo 1: Two Vibroseis trucks, which stop every few metres for half a minute or so to produce the source vibrations.
Photo 2: Wifi sensors or geophones are planted by hand on road side verges typically for periods of 2 to 5 days before being removed
again.
Photo 3: Real time data processing and quality control on the road in County Clare.