Hana Mining Adds Fourth Drill Rig to Its Copper-Silver Project in Botswana
Wed Jun 4, 8:56 AM
ca.news.finance.yahoo.com
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 4, 2008) - Hana Mining Ltd. (TSX VENTURE: HMG.V) is pleased to report it has added a second diamond drill rig to its drill program at the sediment-hosted Ghanzi Copper-Silver Project in Botswana, Africa. This brings the total to four rigs currently drilling in four separate areas on the property.
"Of 48 holes drilled by Hana, 45 have intersected visible Copper mineralization", states Peter Wilson, President of Hana Mining. "It is only a matter of time before we connect both limbs of the fold at Zones 1 and 2 for a total length of mineralized horizon of over 25 Kilometers." We are intersecting copper mineralization everywhere the prospective horizon has been drilled."
The expanded program will include a minimum 5,000 meters of core drilling in addition to the ongoing 10,000 meter core drilling program. The new core drilling is being carried out by Amagram (Pty) Ltd. and is focusing on a 5 kilometer long coincident IP chargeability and Cu-in-soil geochemical anomaly on the north limb of the anticline at Zones 1 and 2. A core hole drilled by Anglo American in the early 1990's returned 13.9 meters grading 0.42 %Cu in the leached oxide zone in this vicinity. This area is 5 kilometers southwest of previous drilling by Hana at the Zone 1 target. In addition, the other core rig and the percussion drill are testing the north and south limbs of an anticline at Zone 2, and an RC rig is testing mineralization at Zone 6 a total of 95 kilometers to the northeast. Currently three of the rigs are in mineralization. (Refer to map here: www.hanamining.com/s/Ghanzi.asp?ReportID=303741).
Sections and a 3D model of drilling to date can be viewed at corebox.net or by following a link on the Company's website.
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 4,370 square kilometers that contain widespread sediment-hosted copper-silver mineralization.
The TSX Venture Exchange has not reviewed and does not accept responsibility for adequacy or accuracy of the content of the information contained herein.
Contacts
Peter G. Wilson
Hana Mining Ltd.
President, Director
(604) 676-0824
Email: info@hanamining.com
Website: www.hanamining.com |
