Hannan Metals Restarts Diamond Drilling at Stavaträsk Gold Project in Sweden
Hannan Metals Ltd. (TSXV:HAN) has resumed a diamond drilling campaign of approximately 1,000 meters at its Stavaträsk gold project in Sweden. The new work follows up on an initial program where all seven drill holes encountered gold mineralization, including key intercepts of 4.6 meters grading 7.2 grams per tonne of gold and 0.6 meters at 27.8 grams per tonne of gold. Shares of the company traded up 1.56% at 0.65 CAD following the update.
The renewed program targets induced polarization anomalies with chargeability readings up to 30 millivolts per volt, which may signal underlying sulfide deposits associated with gold. Building on early success where every maiden hole hit gold, the ongoing exploration aims to test the extent and fertility of these high-grade targets across the property.
Field operations are scheduled to wrap up in October 2026. Assay results from the samples are expected within six to eight weeks after drilling concludes, establishing the next major technical milestone for the exploration efforts.
Key points
- Hannan Metals restarted a roughly 1,000-meter diamond drilling program at the Stavaträsk gold project in Sweden.
- The campaign follows earlier maiden drilling that struck gold in all seven holes, featuring top hits of 4.6 meters at 7.2 g/t Au and 0.6 meters at 27.8 g/t Au.
- Drilling targets a large induced polarization chargeability anomaly reaching up to 30 mV/V.
- Operations are set to conclude in October 2026, with laboratory assay results anticipated 6 to 8 weeks later.
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What is Hannan Metals doing at the Stavaträsk gold project?
Hannan Metals restarted an approximate 1,000-meter diamond drilling program at its Stavaträsk project in Sweden to explore high-grade gold targets and chargeability anomalies.
When will drill results from Stavaträsk be available?
Drilling is scheduled to finish in October 2026, with assay results expected six to eight weeks after completion.
What were the best results from the previous drill program?
The maiden drilling program intersected gold in all seven holes, with highlights including 4.6 meters grading 7.2 grams per tonne of gold and 0.6 meters at 27.8 grams per tonne of gold.