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NEWS: Hana Mining Adds Additional 800 Meters of Strike Length at Ghanzi Copper-Silver Project in Botswana
Jun 17, 2008 05:56AM
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 17, 2008) - Hana Mining Ltd. (TSX VENTURE:HMG) is pleased to report results from 5 new core holes completed as part of its ongoing 15,000 meter diamond drilling program at its sediment-hosted Ghanzi Copper-Silver Project in Botswana. All of the holes, HA-32 to 36-D, intersected mineralization and have added an additional 800 meters for a total mineralized strike length of 1.9 kilometers at Zone 2.
Company President Peter Wilson states, "We continue to receive encouraging results from our drill program and each of these are showing the tremendous upside potential to this system. The fact that we can take 200 meter step outs between holes and remain in mineralization indicates the predictability of the mineralized system. Currently, we have four drill rigs in four separate areas up to 95 kilometers apart and all are in mineralization. This, together with more than 200 kilometers of cumulative strike length, suggests a new copper district is emerging in the Ghanzi area of Botswana."
The intercepts reported are core length and are estimated to be within 80% or more of true width. Drill sections and a 3D model can be viewed at http://www.corebox.net/properties/gh... or by following a link on the Company's website.
Highlights from the five holes include 7.0 meters grading 1.03 %Cu and 9.33 g/t Ag in HA-33-D at a vertical depth of 135 meters and a wide low grade zone of 17.0 meters grading 0.50 %Cu and 5.14 g/t Ag in HA-36-D at a vertical depth of 150 meters. A sectional hole, HA-37-D, was drilled to test this mineralization at a vertical depth of 100 meters or 50 meters above the intercept in HA-36-D. These results suggest potential for bulk tonnage mineralization. Two of the holes, HA-32-D and HA-34-D, were drilled on the same section and intersected mineralization at vertical depths of 125 meters and 85 meters, respectively.
The system remains open in both strike directions as well as down dip. Drilling in the Zone 2 area continues to focus on strike continuity to the southwest and northeast as well as sectional drilling to locate higher grade zones. As noted in a press release dated June 4, 2008, a second diamond drill rig has been added and is testing the north limb at Zone 1 along a 5 kilometer long coincident IP chargeability and Cu-in-soil geochemical anomaly. A core hole drilled by Anglo American in the early 1990's returned 13.9 meters grading 0.42 %Cu in the leached oxide zone in this vicinity. This area is 5 kilometers southwest of previous drilling by Hana at the Zone 1.
Elsewhere, copper mineralization has been intersected in a series of RC holes drilled in Zone 6, a distance of 95 kilometers northeast of Zone 2 as well as in a series of percussion holes 5 kilometers north of current drilling at Zone 2 on the north fold limb.
Hana has implemented an industry-standard QA/QC program. Drill core is logged, split by sawing and sampled at site. Samples are bagged, labeled, sealed and packed in sealed containers and shipped to Scientific Services Laboratory in Cape Town, South Africa. Standards, blanks and duplicates are inserted into the sample stream.
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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of the information contained herein.