Hannan Completes IP Survey at Stavatrask Gold Project, Sweden 1,000 m Drill Program to Test Depth Extensions Next Month
Hannan completed an IP survey at Stavatrask but has not yet identified new assays or anomalies.
Hannan Metals Ltd. (HAN) announced on September 10, 2026, the completion of a gradient-array induced polarization survey at its Stavaträsk gold project in Sweden. The survey covered 3 km² on a 200 m grid, including 100 m infill over the drilled area and one dipole-dipole section. The company clarified that this release does not constitute an assay update.
The announcement restated maiden results from seven drill holes, which intersected gold across 650 m of strike. Key intercepts included 1.1 m @ 15.6 g/t Au and 4.6 m @ 7.2 g/t Au.
Induced polarization data are currently being processed and interpreted, with no chargeability or resistivity anomalies published to date. Hannan plans to complete a 1,000 m follow-up drill program before the end of 2026.
Hannan Metals Ltd. (HAN) has completed an IP survey, though interpretation of the data remains pending. For a pre-resource explorer, the market impact of such a survey is typically limited unless it yields a new, drill-ready target or anomaly. The company had already disclosed a 1,000 m follow-up program in August, following earlier drill results.
The stock has seen significant movement since June 2026, rising from a low of C$0.47 to an August high of approximately C$0.87 driven by the Stavaträsk drilling story. It has since corrected to C$0.72. The prior drill results are already reflected in the current price, and this release does not alter the perceived scale, grade, or probability of the system relative to existing market knowledge. The update represents operational progress rather than new material information.
Hannan Metals Limited is a Vancouver-based junior explorer. Its flagship asset is the Previsto gold-copper project in Peru, an alkaline epithermal/porphyry target where maiden drilling is still pending permit approval. The company also holds an option to earn 100% of three Swedish gold projects: Stavaträsk, Skellefteå North and Ådelfors. Stavaträsk, 20 km north of Boliden, is the subject of the latest release.
As of the latest filed financials for the nine months ended February 28, 2026, cash and working capital were about C$7.74 million. Total assets were about C$21.31 million. The company is pre-revenue and funds exploration through equity raises. The latest disclosed share count was approximately 144.8 million.