November 18, 2010 (Vancouver, British Columbia). Hana Mining Ltd., ("Hana" or the "Company") - (TSX-V: HMG) (Frankfurt: 4LH) is pleased to announce drilling results from the completion of the initial reconnaissance drilling at Zone 3, which is located approximately 5 km to the northwest of the Banana Zone, at the Ghanzi sediment hosted Copper-Silver Project in Botswana (Figure 1).
The Reverse Circulation (RC) drilling results at Zone 3 (between sections 50300 to 52400 and 54800 to 55400) establish an initial mineralized strike length of approximately 4.0 kilometres (see Table 1). The footwall contact identified from recent airborne magnetic data, shows that potential copper-silver mineralization for this zone remains open along strike, for at least 40 kilometers towards the northeast, the southwest and at depth.
Initial reconnaissance RC drilling was also carried out at Zone 5 and Zone 9, located approximately 70 kilometers northeast of the Banana Zone. Drilling at both zones intersected copper-silver mineralization (Figure 1). Given the encouraging results at Zones 5 and 9, Hana intends to carry out more drilling at these areas in 2011.
Highlights of recent drilling results:
- Drilling at Zone 3 established an initial strike length of approximately 4.0 kilometres between section lines 50300 to 52400 and 54800 to 55400 (Figure 2).
- At Zone 3, Intercepts of 0.86% Cu and 9.0 g/t Ag over 7.0 metres (including 3.52% Cu and 47.0 g/t Ag over 1.0 metre) in hole HA-508-R, 0.76% Cu and 8.0 g/t Ag over 6.0 metres (including 3.51% Cu and 42.0 g/t Ag over 1.0 metre) in hole HA-462-R, 0.50% Cu and 6.0 g/t Ag over 9.0 metres (including 2.28% Cu and 32.0 g/t Ag over 1.0 metre) in hole HA-443-R, and 0.27% Cu and 3.0 g/t Ag over 14.0 metres (including 1.21% Cu and 17.0 g/t Ag over 1.0 metre) in hole HA-493-R.
- Copper-silver mineralization at Zone 3 is open along strike to the northeast, southwest and at depth.
- In the Initial reconnaissance drilling near Zones 5 and 9 the drilling encountered anomalous concentrations of copper at the siltstone-sandstone contact. Hana intends to follow up on these results in 2011.
- Total drilling for the Ghanzi Project in 2010 is approximately 66,700 metres.
Figure 1. Location of drilling results at Zones 3, 5 and 9 with airborne magnetics (red areas are airborne magnetic highs which shows mineralized contact between hanging wall and footwall)
Discussion of Drilling Results at Zone 3:During the second half of 2010 Hana carried out an inaugural drilling campaign at Zone 3, which is located approximately 5 kilometres to the northwest of the Banana Zone, targeting coincidental soil geochemical and airborne geophysical anomalies (Figure 2). At this zone Hana drilled 30 RC drill holes of which 23 intersected significant copper-silver mineralization. These 23 holes have defined an initial mineralized strike length of approximately 4.0 kilometres. Hana's geologists estimate that Zone 3 could have a mineralized strike length of at least an additional 40 kilometres.
Like the Banana Zone, there are likely to be areas within Zone 3 that have thick widths of high-grade copper-silver mineralization. In early 2011 Hana will resume drilling at Zone 3 with the goal of identifying areas that have the potential to host higher grade copper-silver mineralization.
Figure 2. Location of drilling at Zone 3
*Please note all figures are now showing section grid lines that are referenced in the result tables.
Discussion of Drilling Results at Zone 5: The drilling campaign at Zone 5 was focused on two areas located approximately 5 kilometres to the southeast and southwest of the Zone 5 deposit (NI 43-101Compliant Inferred Resources of 13.4 million tonnes grading 1.66% Cu and 12.1 g/t Ag). This drilling program was carried out in the search for copper-silver mineralization along the siltstone-sandstone contact (Figure 3).
Figure 3. Location of drilling at Zones 5 and 9 with airborne magnetics (red areas are magnetic highs)
One hole, HA-536-R intercepted 23 metres of anomalous copper-silver mineralization along the favorable geological contact between the hanging wall siltstones and footwall sandstones. Hana's geologists believe that this anomalous mineralization could be part of another zone of mineralization.
Hana intends to resume drilling at Zone 5 in 2011 and test the area surrounding drill hole HA-536-R and to identify other areas of copper-silver mineralization.
Discussion of Drilling Results at Zone 9: Early stage reconnaissance RC drilling was also carried out a Zone 9 which is located approximately 13 kilometres south of the Zone 5 deposit (Figures 1 and 3). RC holes were drilled targeting coincidental soil geochemical and geophysical anomalies. Copper mineralization was identified along the footwall contact between the sandstones and siltstones during the initial drilling program. Hana's geologists are confident that with more drilling another discovery may be made at Zone 9.
Development Update: The following engineering and consultation activities are ongoing to fulfill the goal of completion of a PEA by Q1 2011: