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Cours Or & Argent

Hana Mining Ltd.

Publié le 28 mai 2009

New results at Ghanzi Copper-Silver Project in Botswana

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Hana Mining Intersects 26 Meters Grading 1.63% Cu and 10.8 g/t Ag Including 9 Meters Grading 2.68% Cu and 19.9 g/t Ag at Zone 5 -- Ghanzi Copper-Silver Project, Botswana

 

 

Vancouver, BC – May 27 , 2009 – Hana Mining Ltd. (TSX-V: HMG) (Frankfurt – 4LH) (the “Company”) is pleased to report new results for 2 new diamond drill holes at its sediment-hosted Ghanzi Copper-Silver Project in Botswana. “The prospective horizon is open along strike to the northeast and down dip. Our drilling at Zone 5 occurred along a 2,000 meter strike length on the north limb of a syncline and is well mineralized. The aeromagnetic signature that characterizes the target horizon extends at least an additional 40 kilometers to the northeast. The south limb of the syncline is untested.  As well, the prospective horizon has been repeated by folding several times resulting in more than 600 kilometers of cumulative strike length. All of this adds to the considerable upside potential at the project” states Peter Wilson, President of Hana Mining.

The two new holes, HA-96-D and HA-97-D, are 600 meters apart on Zone 5. Hole HA-97-D returned a wide intercept of 26.0 meters grading 1.63% Cu and 10.8 g/t Ag. Included in this interval was a higher grade section of 9.0 meters grading 2.68% Cu and 19.9 g/t Ag. Highlights of results for the new holes are as follows:

Zone

 

Hole Number

 

From

(m)

To

(m)

Core Length

(m)

Cu

(%)

Ag

(g/t)

5

HA-97-D

109

135

26

1.63

10.8

 

 

112

114

2

1.04

<2.0

 

 

115

117

2

1.79

<2.0

 

 

118

127

9

2.68

19.9

 

 

130

132

2

2.06

20.4

5

HA-96-D

154

165

11

1.25

7.3

 

 

155

159

4

1.77

6.3

 

 

160

161

1

2.22

19.3

 

 

163

165

2

1.12

10.0


“The results from these two diamond drill holes are significant on several levels. They confirm mineralization obtained from the reverse circulation drilling and, by inference, confirm continuity along strike and they extend mineralization at least 160 meters down dip. As well, and perhaps more importantly, they confirm the presence of a “high grade” core that opens the door to potential underground mining” states Joe Arengi, Vice President of Exploration for Hana Mining.

The two holes substantiate results from previous reverse circulation (RC) drilling in this area reported in press releases dated October 15, 2008 and January 19, 2009. The holes were designed to test down dip continuity of mineralization obtained from the RC drilling. Hole HA-96-D returned 11.0 meters grading 1.25% Cu and 7.3 g/t Ag including 4.0 meters grading 1.77% Cu and 6.3 g/t Ag. The mineralized section is 100 meters down dip from RC hole HA-29-R that returned 18.0 meters grading 2.29% Cu and 15.3 g/t Ag. Hole HA-97-D was collared 600 meters along strike to the northeast and returned 26.0 meters grading 1.63% Cu and 10.8 g/t Ag including a high grade interval of 9.0 meters grading 2.68% Cu and 19.9 g/t Ag. Several other narrow, high grade intercepts were obtained within the wide mineralized zone. The mineralized section in this hole is 50 meters down dip from RC hole HA-25-R that returned 30 meters grading 2.06% Cu and 16.9 g/t Ag, the widest intercept encountered to date. This intercept included a 9.0 meter section that graded 3.36% Cu and 25.3 g/t Ag. The higher grade sections in holes HA-97-D and HA-25-R suggest an enriched core in this area of Zone 5.

Selected intercepts from the previous press releases:

Zone

 

Hole Number

 

From

(m)

To

(m)

Core Length

(m)

Cu

(%)

Ag

(g/t)

5

HA-25-R

60

90

30

2.06

16.9

 

including

63

72

9

3.36

25.3

5

HA-29-R

54

72

18

2.29

15.3

 

including

60

69

9

3.74

29.7

All intercepts reported are intersection length and are estimated to be 80% or more of true width.

 

 

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 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.

 

 

 

< 

Hana Mining Ltd.

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Hana Mining est une société développant des projet miniers de cuivre et d'argent basée au Canada.

Hana Mining détient divers projets d'exploration au Botswana.

Son principal projet en exploration est GHANZI au Botswana.

Hana Mining est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 80,6 millions CA$ (78,4 millions US$, 58,5 millions €).

La valeur de son action a atteint son plus bas niveau récent le 27 mars 2009 à 0,06 CA$, et son plus haut niveau récent le 17 décembre 2010 à 5,68 CA$.

Hana Mining possède 99 494 000 actions en circulation.

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