Hannan Resource Expansion Drill Program FOR Zinc IN Ireland
1305 – 1090 West Georgia Street, Vancouver, BC, V6E 3V7
Phone: +1 604 685 9316 / Fax: +1 604 683 1585
NEWS RELEASE September 7, 2017
HANNAN RESOURCE EXPANSION DRILL PROGRAM FOR ZINC IN IRELAND
Vancouver, Canada – Hannan Metals Limited (“Hannan” or the “Company”) (TSX.V: HAN) (OTCPK: HANNF)
is pleased to provide 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 (August 25th, 2017).
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 (Hannan News Release July 10, 2017) is a
substantial starting point for the Company. With a healthy tr easury, 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 (Hannan News Release July 20, 2017 ), 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.
NI 43-101 Technical Report:
On August 22, 2017, Hannan filed an independent National Instrument 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.
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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.
This maiden mineral resource for Kilbricken was published in July 2017, and immediatel y ranks Kilbricken as one of the top ten base
metal deposits discovered in Ireland by to nnes and grade. Total indicated mineral reso urces were calculated as 2.7 million tonn es at
8.8% zinc equivalent (“ZnEq”), including 1.4 million tonnes at 10.8% Zneq and total in ferred mineral resources of 1.7 million t onnes at
8.2% ZnEq, including 0.6 million tonnes at 10.4% ZnEq. Importantly, the initial resource is expandable at all scales, from near resource
to prospect scale.
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.
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 performanc e 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 Provid er (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.