Hannan Hits 4.6 m at 7.2 g/t Gold in Final Stavaträsk Holes
Hannan Metals Limited has returned the highest-grade drill intercept of its maiden program at the Stavaträsk project in northern Sweden, intersecting 4.6 metres at 7.2 g/t gold and 14.5 g/t silver from 79.5 metres in drillhole ST2606.
The final two diamond drillholes, ST2606 and ST2607, targeted the down-dip continuation of the quartz-arsenopyrite vein-swarm over 1,040 metres of total drilling. Drillhole ST2606 returned a broad interval averaging 59.6 metres at 1.1 g/t gold from 48.5 metres, enclosing a 1.9-metre section grading 15.7 g/t gold and 31.7 g/t silver, alongside spot assays reaching 20.7 g/t gold and 21.4 g/t gold. A polymetallic sample also returned 0.4 metres at 6.5 g/t gold, 66.4 g/t silver, and 1.35% copper.
Drillhole ST2607, collared 180 metres east, tested the footwall contact and intersected 3.2 metres at 1.4 g/t gold and 2.2 g/t silver from 166.2 metres, including 0.7 metres at 5.1 g/t gold. Gold was intercepted in all seven holes of the initial campaign across 650 metres of strike length.
Hannan entered into an option agreement to acquire up to 100% of the project on June 10, 2026.
“These final two holes have delivered the best results of our initial drill program and answered the most important question we set out to test - does the Stavaträsk gold system continue at depth? The answer is yes. ST2606 cut high-grade veins, with 4.6 m @ 7.2 g/t Au, 14.5 g/t Ag from 79.5 m, including 0.6 m @ 20.7 g/t Au, 16.3 g/t Ag, 0.7 m @ 21.4 g/t Au, 29.5 g/t Ag and 0.4 m @ 6.5 g/t Au, 66.4 g/t Ag hosted within a broad 60 m envelope of mineralized granodiorite that we can now trace down-dip from surface.”
— Michael Hudson, CEO
Following the upcoming geophysical survey and 3D geological modelling, Hannan plans a second drill program of approximately 1,000 metres to test depth extensions of the southern mineralized zone and priority targets along strike, with field activities designed to build on the maiden campaign's results.