Hannan Metals runs IP survey at Stavaträsk Gold Project, Sweden
Hannan Metals Ltd. [TSXV: HAN; OTC Pink: HANNF] reported the completion of a gradient-array induced polarization (IP) survey over the Stavaträsk Gold Project in the Skellefteå district of northern Sweden, 20 km north of the historic Boliden mine.
The survey is the first systematic geophysical coverage of the gold system and follows the company’s initial seven-hole drill program, announced August 13 and 31, 2026, which intersected gold in every hole across 650 metres of strike. The IP data will be integrated with the drill results to define targets for a 1,000-metre second drill program scheduled to complete by the end of 2026.
Key Points: Gradient-array IP survey completed at Stavaträsk, the first systematic geophysical coverage of the gold system.
The survey was acquired on a 200-metre grid covering a 3 km2 area with 100-metre spaced infill and one dipole-dipole section over key drill area; data are now being processed and interpreted.
Follows the company’s maiden seven-hole drill program (ST2601-ST2607), which returned gold in every hole and highlight intervals of 1.1 metres at 15.6 g/t Au, including 0.6 metres at 27.8 g/t Au and 4.6 metres at 7.2 g/t Au, including 1.9 metres at 15.7 g/t Au.
Interpreted IP data, integrated with the maiden drill results, will guide a 1,000-metre second drill program scheduled to complete before the end of 2026. Both mineralization styles remain open at depth and along strike.
Michael Hudson, CEO, states: “The initial program gave us gold in every hole and confirmed the Stavaträsk system continues at depth. What it could not tell us is how big the system is. That is the job of this IP survey. Gold at Stavaträsk is carried by arsenopyrite and pyrite, exactly the sulphides that gradient-array IP is built to detect as chargeability anomalies, so we now expect to see the footprint of the system, not just the seven holes we have drilled into it. We have covered 3 km² at 200-metre spacings, tightened to 100 metres over the drilled area, and added a dipole-dipole line for dip and depth. Interpretation is underway and will drive a 1,000-metre follow-up program by next month. Stavaträsk is moving fast, and the next round of holes will be the best targeted we have drilled.“
Geovisor Oy, a Finnish geophysical contractor, carried out the survey under the technical coordination of Precision Geophysics. Data were acquired on a 200-metre gradient-array grid covering 3 km2, with 100-metre infill over key areas including the maiden drill area, producing co-registered resistivity and chargeability data. Chargeability responds to the disseminated to semi-massive arsenopyrite and pyrite that host gold at Stavaträsk, while resistivity maps silica alteration and structure. A 2D dipole-dipole section across the drilled zone provides dip and depth information on mineralized structures. Processing and interpretation are underway.
A 1,000-metre follow-up drill program will test extensions of the two mineralization styles intersected in the maiden program, both of which remain open along strike and at depth. Targets will be defined by integrating the maiden drill results with the interpreted IP data, with drilling scheduled to complete before the end of 2026.
The Stavaträsk Project is located in the Skellefteå Mining District of northern Sweden, 20 km north of the Boliden deposit (8.4 Mt at 15.5 g/t Au for approximately 4.2 Moz of historic production; source quoted in Figure 2). The project occupies a strategic position on the Vidsel-Röjnoret Shear System (VRSS), the same regional-scale terrane boundary that hosts Boliden.
Gold, silver and copper mineralization is structurally hosted, with massive to semi-massive arsenopyrite, pyrite and chalcopyrite with silica alteration. Outcrop samples return grades of up to 93 g/t Au and 24 g/t Ag. A boulder field located 650 metres southeast of the main outcrop yielded eight samples averaging 3.2 g/t Au (range 0.1 g/t to 11.2 g/t Au), 67 g/t Ag (range 1 g/t to 154 g/t Ag) and 0.83% Cu (range 0.003% to 2.43% Cu) and is surrounded by historic drill collars for which assay data are largely unavailable.
Historical data have not been verified by Hannan and are quoted for informational purposes only. It is believed that the primary analysis for gold was completed by fire assay with atomic absorption finish. Compilation of available data and 3D geologic modelling are in progress. The true widths of the mineralized intervals referred to in this news release are not known at this stage.
Sweden is positioning itself as the cornerstone of Europe’s domestic mineral supply under the EU Critical Raw Materials Act. The efficiency of its permitting regime is demonstrated firsthand at Stavaträsk, where a drill permit was secured in four weeks.
The country consistently ranks among the world’s most attractive mining jurisdictions in the Fraser Institute’s Annual Survey of Mining Companies, offering stable policy, established infrastructure, low-cost hydropower and a skilled workforce. The district also supports near year-round drilling: an established forestry road network enables access through the summer, while winter snow cover allows rigs to move broadly across the terrain, with only a short shoulder season during the spring thaw.
Hannan Metals has a primary focus on advancing its Previsto gold-copper prospect (Amanecer project) in Peru, and an option to earn 100% in three high-grade gold projects in Sweden.