Hannan Develops New High-Grade Zone 1 km South at Previsto up to 6.7 g/t Gold as Multiple Targets Developing
High-Grade Gold Discovery at Previsto De-Risks Flagship Asset Following Underwhelming Maiden Drill Results at Belen
The most recent news release (February 18, 2026) reports significant exploration progress at the Previsto prospect within the Valiente Project in Peru. Systematic field campaigns identified a new high-grade gold zone 1 km south of Previsto Central. Key highlights include rock chip results of up to 6.7 g/t Au and channel samples yielding 1.8 g/t Au over 2.4 m. The CEO, Michael Hudson, emphasized the scale of the system, noting a 1.2 km mineralized trend and evidence of multiple independent heat and metal sources. The company has moved into the next phase of work, focusing on expanding the Mirador Creek footprint while advancing toward drill permitting.
The news is materially positive for several reasons: - Strategic Pivot: This discovery follows the January 29, 2026, announcement that the maiden drilling at the Belen prospect yielded only "modest" results (0.6 g/t Au and 0.63% Cu). The high-grade surface results at Previsto help maintain investor confidence by shifting the narrative toward a more promising target. - Scale Validation: The identification of a 1.2 km trend with multiple mineralized centers (Mirador, Honda, and Palestina Creeks) suggests a district-scale system rather than isolated occurrences. - De-risking Exploration Model: The presence of a roscoelite-adularia-fluorite alteration assemblage and Au-Ag-Te-V geochemistry confirms the similarity to world-class alkaline systems like Cripple Creek or Porgera. - Treasury Support: The company remains well-funded with over C$9 million in working capital (as of Jan 2026) to advance these targets.
However, the impact is tempered by the fact that these are surface samples (rock chips and channels) and have not yet been tested by the drill bit.
Hannan Metals is a Canadian explorer focused on the Valiente Project in Peru, a 150 km long Miocene-aged porphyry-epithermal belt. - Flagship Project: The Valiente Project (100% owned), specifically the Previsto and Belen prospects. - Status: Previsto is currently in the advanced surface exploration/permitting stage, while Belen has seen initial maiden drilling. - Secondary Asset: San Martin JV with JOGMEC (sediment-hosted copper-silver), where JOGMEC can earn up to 75%.