Hannan Metals Ltd. announce it has submitted mineral claim applications covering 14,800 hectares in north-central Peru to secure an unexplored and widespread district covering 15 kilometres strike of copper-silver occurrences. The new San Martin project area application is 100% owned by Hannan, and is located about 30 kilometres northwest of Tarapoto, in the Cordillera Ayu Mayo. Project access is excellent via a proximal paved highway, while the altitude varies between 800 metres to 1,600 metres in a region of high rainfall and predominantly forest cover. Copper and silver mineralization is hosted by the 150 Ma Saraquillo Formation, which was deposited in an intra-continental basin during the Jurassic-Early Cretaceous period. The Saraquillo Formation is 1.2-1.8 kilometres thick and extends for over 1,000 kilometres of strike. The Saraquillo is associated with salt domes which suggest widespread evaporitic strata, with several small artisanal salt mines present in the area. The Cordillera Ayu Mayo is comprised of two parallel anticlines striking north-northeast and flanked by east and west dipping thrusts. Dips vary from 0 to 35 degrees and steepen immediately adjacent to thrust faults. Mineralization is associated with the contact of fine-grained reduced carbonaceous sandstones with highly oxidized red beds of the Saraquillo Formation.