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Message: Intersects 2.02% Cu and 41.8 g/t Ag over 14.0 meters etc.
| May 7, 2009 | ||
| Hana Mining Intersects 2.02% Cu and 41.8 g/t Ag over 14.0 meters and 1.53% Cu and 26.3 g/t Ag over 7.0 Meters at Banana Zone-Ghanzi Copper-Silver Project, Botswana | ||
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 7, 2009) - Hana Mining Ltd. (TSX VENTURE:HMG)(FRANKFURT:4LH) (the "Company") is pleased to report new results for 8 diamond drill holes at its sediment-hosted Ghanzi Copper-Silver Project in Botswana. Highlights of results for the new holes are as follows:-----------------------------------------------------------------
Core
Hole From To Length Cu Ag
Zone Number (m) (m) (m) (%) (g/t)
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Banana - N. Limb HA-95-D 131 145 14 2.02 41.8
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132 134 2 3.37 73.8
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136 141 5 2.62 48.9
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136 145 9 2.16 43.7
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153 163 10 0.33 4.3
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HA-93-D 138 145 7 1.53 26.3
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140 145 5 1.90 35.0
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148 152 4 0.52 11.3
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161 169 8 0.53 6.0
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167 169 2 1.02 9.8
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168 169 1 1.30 11.7
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Banana - S. Limb HA-81-D 84 87 3 0.78 8.7
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86 87 1 1.87 24.1
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HA-82-D 99 102 3 0.69 7.2
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100 101 1 1.61 16.6
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HA-84-D 117 121 4 0.52 4.6
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118 120 2 0.70 6.5
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HA-86-D 64 67 3 0.85 9.8
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64 66 2 1.14 12.1
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65 66 1 1.52 15.6
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HA-88-D 87 89 2 0.72 7.1
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HA-89-D 135 139 4 1.37 18.2
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136 139 3 1.71 23.3
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136 137 1 1.91 24.5
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138 139 1 2.36 33.2
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Intercepts reported are intersection length and are estimated to be 80% or more of true width. Holes HA-93 and 95-D were collared along the North Limb of the Banana Zone and were designed to confirm mineralization intersected in percussion holes listed above. HA-93-D intersected three parallel lenses with the upper zone grading 1.53% Cu and 26.3 g/t Ag over 7.0 meters (6.0m true width). The mineralized intercept in this hole is 60 meters down dip from mineralization intersected in previous hole HA-08-P that returned a 12 meter intercept (9.0m true width) that returned 2.36% Cu and 52.2 g/t Ag. Hole HA-95-D, collared 500 meters southwest of HA-93-D was designed to confirm mineralization intersected in previous percussion holes HA-02, 03 and 04-P. The new hole returned 2.02% Cu and 41.8 g/t Ag over 14.0 meters (11.2m true width) which occurs between intercepts of 15 meters (9m true width) grading 1.15% Cu and 4.9 g/t Ag (HA-02-P) and 18 meters (10.8m true width) grading 1.25% Cu and 26.5 g/t Ag (HA-03-P). The mineralization is open both along strike to the southwest and down dip. It is significant that strong copper-in-soil anomalies occur 6 kilometers to the southwest and are coincident with the interpreted aeromagnetic response of the target horizon. Selected intercepts from July 29 and October 29, 2009 press releases: -----------------------------------------------------------------
Core
Hole From To Length Cu Ag
Zone Number (m) (m) (m) (%) (g/t)
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Banana - N. Limb HA-02-P 27 42 15 1.15 4.92
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30 39 9 1.52 3.97
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HA-03-P 93 135 42 0.76 14.6
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96 114 18 1.25 26.54
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HA-04-P 159 189 30 1.02 23.47
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159 177 18 1.36 30.54
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HA-05-P 69 102 33 1.01 14.12
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72 81 9 1.65 28.33
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93 96 3 2.6 30.25
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HA-06-P 15 36 21 0.34 less
than
2.00
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HA-08-P 57 84 27 1.12 25.4
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60 72 12 2.36 52.2
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96 105 9 0.51 5.6
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Holes HA-81, 82, 84, 86, 88 and 89-D tested the South Limb of the Banana Zone along a 800 meter strike length near the northeast fold closure. Five of the six holes intersected narrow high grade mineralization and the last hole to the southwest, HA-89-D, returned 3.0 meters grading 1.71% Cu and 23.3 g/t Ag. These are the first holes drilled by Hana in this area. The north and south limbs of the Banana Zone are each 30 kilometers in length. To date Hana has tested 9.1 kilometers along the north limb and 4.8 kilometers along the south limb. All mineralization intersected to date is open along strike and down dip. More than 40 kilometers remain untested at the Banana Zone. Quality Assurance/Quality Control 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 and blanks are inserted into the sample stream. About Hana Mining Ltd. 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 in Botswana. The property consists of five license blocks covering 2,200 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. To view the maps accompanying this release please click on the following link: http://media3.marketwire.com/docs/hm... . |
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