Hannan announced on June 22, 2026, that it has commenced diamond drilling at the Stavaträsk gold project in the Skellefteå Mining District of northern Sweden. 20 km north of the Boliden deposit, with 4.24 Moz @ 15.9 g/t Au of historic production.
Beyond the Headline
Hannan announced on June 22, 2026, that it has commenced diamond drilling at the Stavaträsk gold project in the Skellefteå Mining District of northern Sweden. 20 km north of the Boliden deposit, with 4.24 Moz @ 15.9 g/t Au of historic production. The project occupies a strategic position on the Vidsel-Röjnoret Shear System (VRSS), the same regional-scale terrane boundary that hosts Boliden.
The initial drill program will comprise 6 to 8 holes averaging 120 to 200 metres in depth, for a total of approximately 1,000 metres, with a second 1,000-metre program to follow after review of initial assay results to test the geometry, continuity and structural controls of this high-grade structurally-hosted gold–copper–silver system.
Previously disclosed surface sampling (Company news release dated June 10, 2026) returned outcrop grades of up to 93 g/t Au and 24 g/t Ag, and a boulder (float) field located 650 m southeast of the outcrop with grades up to 11.2 g/t Au, 154 g/t Ag and 2.43% Cu. The first pass drill program is designed to test subsurface extensions of these two primary areas of mineralization at surface over a 650 m strike length. Historic Boliden drilling in the 2000s, for which data is unavailable, traces the system over 2.5 km of strike length (Figure 1).
This drill program will be a good first test of this potential high-grade gold target, which, if it hosts mineralization similar to the historic Boliden deposit, has considerable strike potential.
Figure 1
Source: Hannan Metals
Geology map of the Stavaträsk project showing planned drilling, historic drilling and surface geochemistry (Hannan Metals Limited press release June 22, 2026)
