Hannan Successfully Completes First Step Out Drill Hole at the Kilbricken Zinc Project, Ireland
1305 – 1090 West Georgia Street, Vancouver, BC, V6E 3V7
Phone: +1 604 685 9316 / Fax: +1 604 683 1585
NEWS RELEASE JUNE 19, 2017
HANNAN SUCCESSFULLY COMPLETES FIRST STEP OUT DRILL HOLE AT THE KILBRICKEN ZINC
PROJECT, IRELAND
Vancouver, Canada – Hannan Metals Limited (“Hannan” or the “Company”) (TSX.V: HAN) provides an update
on drilling at the Company’s 100% owned Kilbricken Zn-Pb-Ag prospect in Ireland.
Key points:
A total of 852 metres with one diamond drill rig have been drilled since early May.
The first diamond drill hole DH217 was completed at 714 me tres. This was a 20 metre step out from drill hole
DH167 which intersected 4.5m @ 0.8% Zn, 2.6% Pb, 18.91% Cu, 867.6g/t Ag from 616.5m .
Mineralization in hole DH217 was intersected as anticipated from adjacent drill holes.
After geological, physical property and structural orientation logging, core cutting is now underway for submission
of samples to an independent laboratory. Assay results are expected in 3-4 weeks.
The second hole, DH218 is currently at 138 metres with a target depth of 500 metres;
The total drill program comprises 3 diamond drill holes for 1,800m and will focus on validation of historic drilling,
extraction of a metallurgical sample s and expanding the footprint of know n mineralization. Drilling will continue
until August 2017;
Independent qualified persons are currently working on fi nalizing the initial resource from the Kilbricken project
with an estimate due early in Q3 2017.
Mr. Michael Hudson, CEO and Chairman, states: “Completion of Hannan’s first drill hole is a great milestone. We look
forward to receiving assays shortly. Our plan is to increase the number of drill rigs over the coming months with an aim
to increase tonnes in Kilbricken’s immediate resource target area, and then move to open up the exploration front within
a 5km radius targeting existing soil sampling, lithogeochemistry, geology, seismic and earlier drill anomalies.”
Better intersections at Kilbricken include DH 46: 20.5m @ 7.5% Zn, 9.9% Pb, 0.07% Cu, 74.6g/t Ag from
415.3m; and DH06: 21.3m @ 11% Zn, 4.8% Pb, 0.06% Cu, 94.4g/t Ag from 441.9m. Semi-continuous
massive sulphide mineralization has been drilled over mo re than 1.5 kilometres of strike, providing numerous
opportunities to expand the mineralized f ootprint. In addition to Kilbricken, the broader licence area presents district
scale upside with a 40-kilometre trend of prospective ho st rock to test, including the Milltown prospect where DH19
discovered 13.3m at 5.8% Pb and 10.5% Zn, 66g/t Ag from 45.4m . The true thickness of the mineralized
intervals quoted is interpreted to be approximately 95% of the sampled thickness.
About Hannan Metals Limited (TSX.V:HAN)
Hannan Metals Limited has 100% ownership of the County Clare Zn-Pb-Ag-Cu pr oject 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 glo bal
jurisdiction for zinc mining and exploration. It has been stated that Irish base metal ore field is ranked first in the world i n terms of zinc
discovered per square kilometre, and second in the world with respect to lead. In 2015, Ireland was the world’s 10th largest zi nc
producing nation with 230,000 tonnes produced.
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 CEO an d Chairman, is a Qualified Person as defi ned in National Instrument 43-101 and has
reviewed and approved the technical disclosure contained in this news release.
2
On behalf of the Board,
"Michael Hudson"
Michael Hudson, CEO & Chairman
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 result s, expected cash costs based on the Company’s current internal expectations,
estimates, projections, assumptions and beliefs, which may prove to be incorrect. These statements are not guarantees of future performance and
undue reliance should not be placed on th em. Such forward-looking statements necessarily involve known and unknown risks and un certainties, which
may cause the Company’s actual performance and financial results in future periods to differ materially from any projects of fu ture performance or
results expressed or implied by such forward-looking statement. These risks and uncertainties include, but are not limited to: liabilities inherent in mine
development and production, geological risks, the financial mark ets generally, and the ability of the Company to raise addition al 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 update 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.