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Vancouver, BC – May 7, 2009 – Hana Mining Ltd. (TSX-V: 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:
|
Zone
|
Hole Number
|
From
(m) |
To
(m) |
Core Length
(m) |
Cu
(%) |
Ag
(g/t) |
|
Banana - N. Limb |
HA-95-D |
131 |
145 |
14 |
2.02 |
41.8 |
|
|
|
132 |
134 |
2 |
3.37 |
73.8 |
|
|
|
136 |
141 |
5 |
2.62 |
48.9 |
|
|
|
136 |
145 |
9 |
2.16 |
43.7 |
|
|
|
153 |
163 |
10 |
0.33 |
4.3 |
|
|
HA-93-D |
138 |
145 |
7 |
1.53 |
26.3 |
|
|
|
140 |
145 |
5 |
1.90 |
35.0 |
|
|
|
148 |
152 |
4 |
0.52 |
11.3 |
|
|
|
161 |
169 |
8 |
0.53 |
6.0 |
|
|
|
167 |
169 |
2 |
1.02 |
9.8 |
|
|
|
168 |
169 |
1 |
1.30 |
11.7 |
|
Banana - S. Limb |
HA-81-D |
84 |
87 |
3 |
0.78 |
8.7 |
|
|
|
86 |
87 |
1 |
1.87 |
24.1 |
|
|
HA-82-D |
99 |
102 |
3 |
0.69 |
7.2 |
|
|
|
100 |
101 |
1 |
1.61 |
16.6 |
|
|
HA-84-D |
117 |
121 |
4 |
0.52 |
4.6 |
|
|
|
118 |
120 |
2 |
0.70 |
6.5 |
|
|
HA-86-D |
64 |
67 |
3 |
0.85 |
9.8 |
|
|
|
64 |
66 |
2 |
1.14 |
12.1 |
|
|
|
65 |
66 |
1 |
1.52 |
15.6 |
|
|
HA-88-D |
87 |
89 |
2 |
0.72 |
7.1 |
|
|
HA-89-D |
135 |
139 |
4 |
1.37 |
18.2 |
|
|
|
136 |
139 |
3 |
1.71 |
23.3 |
|
|
|
136 |
137 |
1 |
1.91 |
24.5 |
|
|
|
138 |
139 |
1 |
2.36 |
33.2 |
Two of the holes, HA-93 and 95-D, were drilled along the North Limb of the Banana Zone and tested copper-silver mineralization previously reported in press releases dated July 29 and October 29, 2009. The two new holes were 500 meters apart. Hole HA-93-D returned 7.0 meters grading 1.53% Cu and 26.3 g/t Ag and HA-95-D returned 14.0 meters grading 2.02% Cu and 41.8 g/t Ag, including 5.0 meters grading 2.62% Cu and 48.9 g/t Ag. The other six holes, HA-81, 82, 84, 86, 88 and 89-D, were drilled along an 800 meter strike length on the south limb of the Banana Zone. Both areas along the Banana Zone are open along strike and down dip.
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:
|
Zone
|
Hole Number
|
From
(m) |
To
(m) |
Core Length
(m) |
Cu
(%) |
Ag
(g/t) |
|
Banana – N. Limb |
HA-02-P |
27 |
42 |
15 |
1.15 |
4.92 |
|
|
|
30 |
39 |
9 |
1.52 |
3.97 |
|
|
HA-03-P |
93 |
135 |
42 |
0.76 |
14.6 |
|
|
|
96 |
114 |
18 |
1.25 |
26.54 |
|
|
HA-04-P |
159 |
189 |
30 |
1.02 |
23.47 |
|
|
|
159 |
177 |
18 |
1.36 |
30.54 |
|
|
HA-05-P |
69 |
102 |
33 |
1.01 |
14.12 |
|
|
|
72 |
81 |
9 |
1.65 |
28.33 |
|
|
|
93 |
96 |
3 |
2.6 |
30.25 |
|
|
HA-06-P |
15 |
36 |
21 |
0.34 |
<2.00 |
|
|
HA-08-P |
57 |
84 |
27 |
1.12 |
25.4 |
|
|
|
60 |
72 |
12 |
2.36 |
52.2 |
|
|
|
96 |
105 |
9 |
0.51 |
5.6 |
Intercepts reported are intersection length and are estimated to be 60% or more of true width.
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.
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. |