Vancouver, BC – March 25, 2009
– Hana Mining Ltd. TSX-V: 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:
Hole Number
|
From
|
To
|
Length
|
Cu
|
Ag
|
|
(m)
|
(m)
|
(m)
|
(%)
|
(g/t)
|
HA-35-R
|
87
|
102
|
15
|
2.40
|
7.3
|
including
|
90
|
99
|
9
|
3.60
|
8.5
|
and
|
96
|
99
|
3
|
8.50
|
32.4
|
|
111
|
114
|
3
|
0.30
|
<2.0
|
|
117
|
126
|
9
|
0.42
|
<2.0
|
including
|
120
|
123
|
3
|
0.77
|
3.3
|
HA-36-R
|
132
|
135
|
3
|
0.41
|
4.3
|
HA-37-R
|
138
|
141
|
3
|
0.31
|
<2.0
|
HA-38-R
|
141
|
144
|
3
|
0.47
|
5.4
|
|
162
|
165
|
3
|
1.25
|
8.5
|
HA-39-R
|
132
|
135
|
3
|
0.46
|
4.3
|
|
162
|
168
|
6
|
0.88
|
6.8
|
including
|
162
|
165
|
3
|
1.28
|
10.1
|
Details of the results for the previous eight
mineralized holes are as follows:
Hole Number
|
From
|
To
|
Core Length
|
Cu
|
Ag
|
|
(m)
|
(m)
|
(m)
|
(%)
|
(g/t)
|
HA-04-R
|
129
|
132
|
3
|
1.30
|
9.4
|
|
144
|
156
|
12
|
0.98
|
5.4
|
including
|
144
|
153
|
9
|
1.16
|
6.9
|
HA-05-R
|
90
|
93
|
3
|
0.40
|
3.1
|
HA-06-R
|
78
|
87
|
9
|
0.44
|
<2
|
including
|
81
|
84
|
3
|
0.71
|
<2
|
HA-07-R
|
72
|
87
|
15
|
0.63
|
3.7
|
including
|
78
|
87
|
9
|
0.81
|
5.5
|
HA-08-R
|
96
|
99
|
3
|
0.41
|
5.1
|
HA-09-R
|
120
|
123
|
3
|
0.55
|
<2.0
|
|
135
|
144
|
9
|
0.44
|
2.3
|
including
|
138
|
144
|
6
|
0.55
|
3.2
|
HA-10-R
|
114
|
132
|
18
|
0.67
|
4.4
|
including
|
114
|
117
|
3
|
1.08
|
8.5
|
HA-12-R
|
57
|
81
|
24
|
1.00
|
<2.0
|
|
60
|
69
|
9
|
1.79
|
<2.0
|
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 <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. 3 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.
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.
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 5 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.
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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