Michael Hudson, CEO states, “Late last year, Hannan concluded one of the strongest joint ventures in the junior space with JOGMEC in San Martin. Over the last 6 months, the lock-down has provided a unique opportunity to build a two-pronged Peruvian strategy. We now have secured a vast and extremely prospective copper-gold landholding in our own right, that we will actively explore alongside our JOGMEC partnership and own holdings in San Martin. Some of the world’s largest mining companies (Table 1) share our belief that big grassroots discoveries are best made within big land positions, and we are now looking to repeat and define another large mineralizing system in 2021 in Peru’s new frontier areas.”
Revisit our Interview with CEO Michael Hudson in April. HAN was .14 cent at the time and since risen to .54.
Mr Michael Hudson, CEO, states: “We are privileged to have the Japanese government-owned JOGMEC elect to partner with us on the San Martin copper-silver project. JOGMEC are the perfect partner for such a large and prospective early stage exploration project, that will need significant budget and time commitments. JOGMEC’s exploration funding, of up to US$35,000,000, will allow a focused and accelerated exploration program in Peru, thereby maximizing the chances of success while minimizing shareholder dilution. We look forward to a long and successful relationship with JOGMEC, as we work together with local stakeholders, with a common aim to make a significant copper-silver discovery in Peru. Concurrently, Hannan will continue to progress exploration on its other projects”.