I anticipate an exciting year for copper and gold which brings me to my Top Pick for 2020, notes Gerardo del Real, editor of Junior Mining Monthly; we note that this idea is only suitable for experienced investors aware of the risks of buying a micro-cap, penny stock.
My high risk for 2020 is a copper-silver-zinc exploration company active in Ireland and Peru — Hannan Metals (Vancouver: HAN) (OTC Pink Sheets: HANNF).
Hannan Metals is a tiny copper-silver-zinc explorer (C$7 million market cap) that has managed to put together a massive and district scale land package in a very under-explored part of central Peru.
The company recently doubled its land holding at the Sacanche area to now cover 60 kilometers of the prospective strike at the 100% owned San Martin project in north central Peru. The land package now covers 60 kilometers of the prospective strike.
The new Sapo mining concession application covers a further 30 kilometers along strike from the same prospective host rocks as found at Sacanche, being located immediately along strike from high-grade copper silver mineralization that Hannan recently identified, assaying up to 2m @ 5.9 % Cu and 66 g/t Ag.
Hannan believes the Sapo mining concession application is prospective for two styles of sediment-hosted copper-silver mineralization, observed throughout the 100 kilometers of strike of prospective sedimentary rocks hosted within Hannan mining concession claim areas
The land package has kicked off a staking rush in the area and I believe Hannan’s first-mover advantage will be rewarded with discoveries and partnerships in 2020 that validate the exploration concept mapped out by the Hannan team. Drilling should commence in Q2/Q3 of 2020 and any discovery of significance will lead to much higher share prices.
(Editor's note: Gerardo del Real chose Great Bear Resources (Toronto: GBR) (OTC: GTBDF) as his Top Pick last year. The shares rose 260%. He now says, "The success at its 100%-owned Dixie project in the Red Lake district of Ontario has allowed Great Bear to expand its already aggressive drill program to a remarkable 200,000 meters. There is a lot to like in the context of what I expect will be a pivotal year for gold and the better juniors in the space.")
