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Vancouver, BC – May 27 ,
2009 – Hana Mining Ltd. (TSX-V: HMG) (Frankfurt – 4LH) (the “Company”) is pleased to report new results for 2 new
diamond drill holes at its sediment-hosted Ghanzi Copper-Silver Project
in Botswana. “The prospective horizon is open along strike to the
northeast and down dip. Our drilling at Zone 5 occurred along a 2,000 meter
strike length on the north limb of a syncline and is well mineralized. The
aeromagnetic signature that characterizes the target horizon extends at
least an additional 40 kilometers to the northeast. The
south limb of the syncline is untested. As well, the prospective
horizon has been repeated by folding several times resulting in more
than 600
kilometers of cumulative strike length. All of
this adds to the considerable upside potential at the project” states
Peter Wilson, President of Hana Mining.
The two new holes, HA-96-D
and HA-97-D, are 600
meters apart on Zone 5. Hole HA-97-D returned a
wide intercept of 26.0
meters grading 1.63% Cu and 10.8 g/t Ag. Included
in this interval was a higher grade section of 9.0 meters
grading 2.68% Cu and 19.9 g/t Ag. Highlights
of results for the new holes are as follows:
|
Zone
|
Hole Number
|
From
(m)
|
To
(m)
|
Core
Length
(m)
|
Cu
(%)
|
Ag
(g/t)
|
|
5
|
HA-97-D
|
109
|
135
|
26
|
1.63
|
10.8
|
|
|
|
112
|
114
|
2
|
1.04
|
<2.0
|
|
|
|
115
|
117
|
2
|
1.79
|
<2.0
|
|
|
|
118
|
127
|
9
|
2.68
|
19.9
|
|
|
|
130
|
132
|
2
|
2.06
|
20.4
|
|
5
|
HA-96-D
|
154
|
165
|
11
|
1.25
|
7.3
|
|
|
|
155
|
159
|
4
|
1.77
|
6.3
|
|
|
|
160
|
161
|
1
|
2.22
|
19.3
|
|
|
|
163
|
165
|
2
|
1.12
|
10.0
|
“The results
from these two diamond drill holes are significant on several levels.
They confirm mineralization obtained from the reverse circulation
drilling and, by inference, confirm continuity along strike and they
extend mineralization at least 160 meters down
dip. As well, and perhaps more importantly, they confirm the presence
of a “high grade” core that opens the door to potential underground
mining” states Joe Arengi, Vice President of Exploration for Hana
Mining.
The two holes substantiate results
from previous reverse circulation (RC) drilling in this area reported
in press releases dated October 15, 2008 and January 19, 2009. The
holes were designed to test down dip continuity of mineralization
obtained from the RC drilling. Hole HA-96-D returned 11.0 meters
grading 1.25% Cu and 7.3 g/t Ag including 4.0 meters
grading 1.77% Cu and 6.3 g/t Ag. The mineralized section is 100 meters down
dip from RC hole HA-29-R that returned 18.0 meters
grading 2.29% Cu and 15.3 g/t Ag. Hole HA-97-D was collared 600 meters along
strike to the northeast and returned 26.0 meters
grading 1.63% Cu and 10.8 g/t Ag including a high grade interval of 9.0 meters
grading 2.68% Cu and 19.9 g/t Ag. Several other narrow, high grade
intercepts were obtained within the wide mineralized zone. The
mineralized section in this hole is 50 meters down
dip from RC hole HA-25-R that returned 30 meters grading
2.06% Cu and 16.9 g/t Ag, the widest intercept encountered to date.
This intercept included a 9.0 meter section that graded 3.36% Cu
and 25.3 g/t Ag. The higher grade sections in holes HA-97-D and HA-25-R
suggest an enriched core in this area of Zone 5.
Selected intercepts from the previous press releases:
|
Zone
|
Hole Number
|
From
(m)
|
To
(m)
|
Core
Length
(m)
|
Cu
(%)
|
Ag
(g/t)
|
|
5
|
HA-25-R
|
60
|
90
|
30
|
2.06
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16.9
|
|
|
including
|
63
|
72
|
9
|
3.36
|
25.3
|
|
5
|
HA-29-R
|
54
|
72
|
18
|
2.29
|
15.3
|
|
|
including
|
60
|
69
|
9
|
3.74
|
29.7
|
All intercepts reported are intersection
length and are estimated to be 80% or more of true width.
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
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 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.
FURTHER
INFORMATION
Contact :
Peter G. Wilson
President & Director
Hana Mining
Ltd.
Tel:
(604) 676-0824
Email: info@hanamining.com
Website: www.hanamining.com
The TSX Venture Exchange has not reviewed and
does not accept responsibility for the adequacy or accuracy of this
release. 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.
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