- Published: 25 March 2009
- Written by Editor
Hana Mining Reports Results at Five New Holes at Ghanzi Copper-Silver Project, Botswana (2.4% Cu and 7.3g/t Ag over 15 meters including 8.50% Cu and 32.4 g/t Ag over 3.0 Meters)
Hana Mining Ltd. (TSX VENTURE: HMG)(FRANKFURT: 4LH) (the "Company") is pleased to report new results at its sediment-hosted Ghanzi Copper-Silver Project in Botswana. Five reverse circulation holes, HA-35-R to HA-39-R, were drilled on the north limb of a syncline at Zone 6 and along strike of mineralization intersected in RC holes announced in a press release dated November 24, 2008. With these new holes the mineralization at Zone 6 now occurs along a 1700 meter strike length.
Details of the results for the five new holes are as follows:
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Core
From To Length Cu Ag
Hole Number (m) (m) (m) (%) (g/t)
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HA-35-R 87 102 15 2.40 7.3
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including 90 99 9 3.60 8.5
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and 96 99 3 8.50 32.4
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111 114 3 0.30 less than 2.0
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117 126 9 0.42 less than 2.0
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including 120 123 3 0.77 3.3
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HA-36-R 132 135 3 0.41 4.3
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HA-37-R 138 141 3 0.31 less than 2.0
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HA-38-R 141 144 3 0.47 5.4
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162 165 3 1.25 8.5
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HA-39-R 132 135 3 0.46 4.3
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162 168 6 0.88 6.8
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including 162 165 3 1.28 10.1
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Details of the results for the previous eight mineralized holes are as
follows:
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Core
From To Length Cu Ag
Hole Number (m) (m) (m) (%) (g/t)
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HA-04-R 129 132 3 1.30 9.4
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144 156 12 0.98 5.4
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including 144 153 9 1.16 6.9
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HA-05-R 90 93 3 0.40 3.1
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HA-06-R 78 87 9 0.44 less than 2
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including 81 84 3 0.71 less than 2
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HA-07-R 72 87 15 0.63 3.7
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including 78 87 9 0.81 5.5
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HA-08-R 96 99 3 0.41 5.1
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HA-09-R 120 123 3 0.55 less than 2.0
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135 144 9 0.44 2.3
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including 138 144 6 0.55 3.2
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HA-10-R 114 132 18 0.67 4.4
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including 114 117 3 1.08 8.5
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HA-12-R 57 81 24 1.00 less than 2.0
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60 69 9 1.79 less than 2.0
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Intercepts reported are intersection length and are estimated to be 70% or more of true width. Drill sections and a 3D model can be viewed at http://www.corebox.net/properties/ghanzi/ or by following a link on the Company's website.
These holes were designed to test the target horizon below weakly mineralized holes HA-13 to 15-R as well as to test strike continuity to the southwest. Hole HA-35-R was collared 200 meters southwest and along strike of HA-12-R that returned 24.0 meters grading 1.00% Cu and less than 2.0 g/t Ag at a vertical depth of 75 meters. HA-35-R returned 15.0 meters grading 2.40% Cu and 7.3 g/t Ag at a vertical depth of 90 meters. Within this intercept was a high grade value of 8.50% Cu and 32.4 g/t Ag. Holes HA-37-R and HA-39-R also tested below weakly mineralized, shallow intercepts in holes HA-14-R and HA-15-R, respectively. HA-39-R returned 3.0 meters grading 1.28% Cu and 10.1 g/t Ag at a vertical depth of 162 meters. These results show a general increase in grade with depth at Zone 6. Results for 4 more holes drilled along an additional 600 meter strike length are pending.
To view the map accompanying this release please click on the following link: http://media3.marketwire.com/docs/0325hmg.jpg
For details on current drilling activities refer to attached maps and links http://www.hanamining.com/s/Ghanzi.asp?ReportID=303741.
The south limb of the fold has not yet been tested at Zone 6. The Zone 6 horizon is the same as the well mineralized horizon delineated along a 2,000 meter strike length at Zone 5, 35 kilometers southwest (See press releases dated October 15, 2008 and January 19, 2009). The prospective horizon has been repeated by folding along northeast trending axes.
To view the map accompanying this release please click on the following link: http://media3.marketwire.com/docs/0325hmg1.jpg
Quality Assurance/Quality Control
Hana has implemented an industry-standard QA/QC program. A 35-40 kilogram sample is collected from the cyclone discharge at 1 meter intervals for both RC and percussion drill holes. The sample is then split 75/25; 75% of the sample is archived and the other 25% provides material for analysis. Three meter composite samples from 3 successive intervals are collected from the split of each 1 meter interval. The composited sample is submitted for analysis and the 75%-split is reserved for more detailed 1 meter follow-up sampling and analysis of mineralized intervals. All samples are double bagged, sealed and transported in secured wooden crates and shipped to Scientific Services Laboratory in Cape Town, South Africa. Standards, blanks and duplicates are inserted into the sample stream for RC samples.
About Hana Mining
Hana Mining is a junior exploration company seeking to acquire, explore and develop highly prospective precious, base metal and other mineral projects worldwide with emphasis in southern Africa. The Company has the right to acquire a 70% controlling interest in the Ghanzi Copper-Silver Project. The property consists of five license blocks covering 4,370 square kilometers that contain widespread sediment-hosted copper-silver mineralization.
Joseph Arengi, M. Sc., P. Geo., Vice President of Exploration for Hana Mining is the qualified person as defined in NI 43-101.
Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts: Hana Mining Ltd. Peter G. Wilson President & Director (604) 676-0824 (778) 370-0146 (FAX) Email: This email address is being protected from spambots. You need JavaScript enabled to view it. Website: www.hanamining.com
SOURCE: Hana Mining Ltd.
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