September 15, 2009 (Vancouver,
British Columbia). Hana Mining Ltd., (TSX-V: HMG) (Frankfurt: 4LH) is pleased
to announce results from a desk-top hydrogeology study, produced by
Namib Hydrosearch of Windhoek, Namibia, investigating known and
potential groundwater sources in proximity to the Company's Ghanzi
copper-silver project in Botswana. Key findings of the study are:
- The region exhibits favourable geology to host large
aquifers,
- There are numerous active water-producing aquifers in the
vicinity of the Ghanzi property, supporting local towns and
agricultural/grazing activities,
- Two groundwater sources have been identified as likely
project water sources; the Karoo Supergroup and Ghanzi Group
aquifers, and three specific groundwater resource targets have
been established within those known aquifers for more specific
exploration,
- Within the Karoo Supergroup, the Bodibeng Sandstone and
Ecca Group aquifers to the northwest of the Ghanzi property offer
the most promising targets, and
- The Ecca Group aquifer (within Karoo Supergroup) has
recently been shown to yield sufficient water volumes to support
mining activity approximately 50 kilometers to the west of the
Ghanzi property.
The regional groundwater
investigation, conducted by Namib Hydrosearch, included a comprehensive
review of published groundwater investigation reports pertaining to the
general area surrounding the Ghanzi property. The team also reviewed
borehole yield data and water quality information provided by the
Botswana national groundwater database, as well as from Hana's resource
drilling boreholes, which frequently produce water. Water quality
sampling on open holes is continuing. From this work, potentially
useful groundwater aquifers can be identified and assessed, with the
objective of securing a sustainable 10,000 m3/day water source to
support future mining operations. The study identified three target
areas for further research and active testing, which is planned for
Q1/Q2 2010.
Namib Hydrosearch has been providing technical and project management
hydrology services for mineral exploration, groundwater, and
environmental projects in Africa for 19 years. The company has done
extensive work in the public sector with Namibian government agencies,
and also operates in Angola, Botswana, Malawi and Zambia.
Hana Mining's President, Peter Wilson, commented as follows:
"We are pleased with the early results of our groundwater
investigation work. We have been aided by the considerable amount of
local knowledge and prior investigative work that has been done to
study groundwater in and around our property. From our investigation we
now have multiple prospective targets for more concentrated
investigation and borehole drilling, which will drive the next phase of
our water program, to begin early next year."
About Hana Mining's Ghanzi Copper-Silver Project in Botswana
The Ghanzi Project is located in the center of the Kalahari copper belt
in northwestern Botswana. The country of Botswana is considered by the
Fraser Institute Annual Survey of Mining Companies 2009 country ranking
study to offer the most attractive mineral exploration and investment
climate in Africa. The Ghanzi property covers 2,200 sq. km., and
contains sediment-hosted copper-silver deposits with a demonstrated
cumulative strike length of over 16 kilometres. This favourable geology
extends over the entire strike length of 600 kilometres Hana Mining
recently released results of it's first NI 43-101 resource estimate for
the Ghanzi Project (see press release dated June 1, 2009), announcing
an inferred resource of 2.9 Billion lb. of copper and 51.1 Million oz.
of silver from 163.5 million tonnes. The resource is based on a 0.30%
Cu cutoff grade, and averages 0.82% Cu and 9.8 g/t Ag.
The project will benefit from contemplated rail/power infrastructure
expansions, along with proximity to local population centers and
workforce. A feasibility study is currently underway (funded by the
World Bank and the governments of Botswana and Namibia) to support
completion of a rail line link that would connect Botswana with the
Namibian port of Walvis Bay, on the Atlantic coast. The planned 600MW
expansion of the government-owned Moropule Power Plant continues to
advance, with US$825 million project funding secured in May 2009, and
key supply contracts awarded. Currently, our project is served by the
paved trans-Kalahari highway, which passes within 15 km of the
property.
Hana Mining is focused on demonstrating that the Ghanzi property
represents one of Africa's premier future copper-silver resources.
Peter G. Wilson, President
Hana Mining Ltd.
FOR 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.
You can also view this News Release
on our website at:
http://www.hanamining.com/s/NewsReleases.asp?ReportID=363373