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North Limb of Banana Zone extended 1,800 meters along strike, total strike length now 5,100 meters
Vancouver, BC – April 28, 2009 – Hana Mining Ltd. (TSX-V: HMG)(Frankfurt – 4LH) (the “Company” or “Hana”) is pleased to report new results at its sediment-hosted Ghanzi Copper-Silver Project in Botswana. Seven Diamond drill holes, HA-83, 85, 87, 90-92 and 94-D, were drilled along the north limb of the Banana Zone. All of these holes intersected copper-silver mineralization and the strike length along the north limb tested an additional 1,800 meters. Drilling by Hana has now extended mineralization along a 4,800 meter strike length for a total mineralized strike length of 5,100 meters.
Highlights of results for the new holes are as follows:
|
Hole
Number
|
From
(m)
|
To
(m)
|
Core
Length
(m)
|
Cu
(%)
|
Ag
(g/t)
|
|
HA-83-D |
135 |
143 |
8 |
0.67 |
10.3 |
|
including |
141 |
143 |
2 |
1.31 |
17.9 |
|
|
149 |
150 |
1 |
1.31 |
15.4 |
|
HA-85-D |
119 |
126 |
7 |
0.81 |
13.4 |
|
including |
120 |
122 |
2 |
1.43 |
22.8 |
|
HA-87-D |
85 |
91 |
6 |
0.57 |
8.5 |
|
|
98 |
104 |
6 |
0.95 |
18.1 |
|
including |
99 |
100 |
1 |
1.41 |
24.7 |
|
and |
102 |
104 |
2 |
1.35 |
25.8 |
|
HA-90-D |
104 |
121 |
17 |
0.90 |
15.1 |
|
including |
104 |
106 |
2 |
1.26 |
2.5 |
|
|
112 |
121 |
9 |
1.23 |
24.4 |
|
including |
114.5 |
117 |
2.5 |
1.90 |
30.5 |
|
and |
116 |
117 |
1 |
2.82 |
52.5 |
|
and |
119 |
121 |
2 |
2.40 |
48.6 |
|
HA-91-D |
115 |
122 |
7 |
1.01 |
21.3 |
|
including |
115 |
116 |
1 |
1.35 |
32.1 |
|
and |
118 |
119 |
1 |
1.31 |
26.3 |
|
and |
120 |
121 |
1 |
1.81 |
36.5 |
|
HA-92-D |
129 |
133 |
4 |
1.10 |
22.6 |
|
including |
130.5 |
133 |
2.5 |
1.52 |
31.0 |
|
and |
130.5 |
131.5 |
1 |
1.93 |
42.2 |
|
and |
132 |
133 |
1 |
1.54 |
28.7 |
|
HA-94-D |
131 |
151 |
20 |
0.58 |
11.7 |
|
including |
132 |
135 |
3 |
0.88 |
11.2 |
|
and |
132 |
133 |
1 |
1.22 |
10.1 |
|
and |
137 |
138 |
1 |
1.09 |
20.2 |
Intercepts reported are intersection length and are estimated to be 80% or more of true width. Drill sections and a 3D model can be viewed at the following a link http://www.corebox.net/properties/ghanzi/ or by visiting the Company's website at www.hanamining.com.
Hole HA-83-D tested the down dip continuity of mineralization intersected in hole HA-80-D (see press release from April 14, 2009). Holes HA-85, 87 and 90 to 92-D were designed to test strike continuity to the southwest at 200 meter intervals. All holes were mineralized including 9 meters grading 1.23% Cu and 30.5 g/t Ag in hole HA-90-D. Hole HA-94-D tested the mineralized horizon along an additional 600 meter step out and a broad zone of mineralization was intersected. These seven new holes add an additional 1,800 meter strike length to this part of the Banana Zone. Drilling by Hana has demonstrated continuity in mineralization along a 4,800 meter continuous strike length in this part of the north limb at the Banana Zone. Drilling by Anglo American in the early 1990’s delineated mineralization along an additional 300 meters to the northeast for a total mineralized strike length of 5,100 meters.
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. A total of 46 kilometers remain untested at the Banana Zone.
Property
The area within the five original license blocks have been reduced by 50% as required by Botswana law and are in good standing for two years. The new area now comprises 2,200 km2 and is illustrated in the figure above. The retained area includes all of the zones described previously as well as more than 600 kilometers of potential strike length while the relinquished ground represents barren footwall sandstones with little exploration value.
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 tand uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements. |