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To: LoneClone who wrote (45585)10/20/2009 10:10:42 PM
From: LoneClone  Respond to of 194002
 
Hana Completes Initial 70% Share Purchase as Part of Agreed 100% Acquisition of Stellent
Tue Oct 20, 2:37 PM

ca.news.finance.yahoo.com

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 20, 2009) - Hana Mining Ltd. (TSX VENTURE: HMG.V)(FRANKFURT:4LH) (the "Company") is pleased to announce that it has completed the purchase of an initial 70% share interest in Stellent (Proprietary) Limited ("Stellent") as announced on July 14, 2009.

Stellent is a privately held corporation based in Gabarone, Botswana and is the holder of a 100% interest in the five prospecting licences comprising the Ghanzi copper-silver project located in Botswana.

The consideration paid by the Company for the purchase of the initial 70% share interest in Stellent consisted of the following:

- Cash payment of US$200,000;
- Issuance of 166,666 common shares of the Company, subject to a four (4)
month hold period; and
- Issuance of 666,666 share purchase warrants, each warrant entitling the
purchase of one (1) additional common share of the Company for a period
of 24 months, at a price of CDN$0.32 per share.

The Company has appointed three (3) members to the Board of Directors of Stellent while the Stellent shareholders have appointed one (1) director.

Pursuant to the terms of the Share Purchase Agreement with Stellent, the Company will purchase the remaining 30% share interest in Stellent in the following manner:

Purchase of an additional 20% share interest:

- Cash payment of US$9,000,000 to be paid upon the earlier of the
announcement of the completion of a positive, bankable feasibility
study, the sale of all the issued common shares of Hana Mining Ltd. to a
third party or, at the Company's election.

Purchase of the final 10% share interest:

- Issuance of 4,000,000 share purchase warrants, each warrant entitling
the purchase of one (1) additional common share of the Company for a
period of 24 months from the date of issuance, at a price of CDN$2.00
per share: such warrants to be issued ten (10) days following the
announcement of the completion of a positive, bankable feasibility
study.

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 mineralized strike length of over 13 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 2.0 Billion lb. of copper and 34.9 Million oz. of silver contained in 60.4 million tonnes of ore. This resource estimate assumes a 0.75% Cu cutoff grade, and averages 1.51% Cu and 17.98 g/t Ag. The Banana Zone represents 40.7 million tonnes of this total resource (67%), and is the current focus of the Company's drilling efforts and development focus for 2009 and 2010.

Hana Mining is focused on demonstrating that the Ghanzi property represents one of Africa's premier future copper-silver resources.

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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contacts

Marek Kreczmer
Hana Mining Ltd.
CEO
(604) 676-0824
info@hanamining.com
www.hanamining.com



To: LoneClone who wrote (45585)10/20/2009 10:11:39 PM
From: LoneClone  Read Replies (1) | Respond to of 194002
 
Messina Minerals Inc. Grab Sample Results from Daniels Harbour NL
Tue Oct 20, 9:47 AM

ca.news.finance.yahoo.com

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 20, 2009) - Messina Minerals Inc. (TSX VENTURE: MMI.V) has received assay results from surface grab sampling on the Daniels Harbour Property located in western Newfoundland, Canada. Messina acquired the property by staking and owns a 100% interest. The property covers the site of the former Daniels Harbour zinc mine, owned by Teck Corporation, which produced approximately 7 million tonnes of ore grading 8% zinc with by-product cadmium credits from 1975 to 1990. The mineralization at Daniels Harbour is described as "Mississippi-Valley Type" hosted by Ordovician age carbonate rocks.

The objective of the initial reconnaissance program was to map surface exposures and road and power infrastructure at the Daniels Harbour Property and integrate this information with Messina's developing geological compilation. A second objective was to locate and assay representative sphalerite (zinc-enriched) mineralization left-over from the mining operation. Messina also collected and donated approximately 400 pounds of sphalerite mineralization on behalf of the Newfoundland Branch - Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") for inclusion in mineral identification kits.

A total of 15 rock grab samples of sphalerite (zinc) mineralization were collected from six separate mined areas within the Daniels Harbour property where the mineralization had been intentionally left in place as representative of ore types. Five of Messina's samples assayed between 54% zinc to 64% zinc, eight samples assayed between 30.6% zinc and 46.4% zinc, and two samples of lower grade mineralization contained 14% zinc to 15% zinc. Duplicate check assaying confirmed these results. All 15 grab samples also contained greater than 110 ppm cadmium.

The Daniels Harbour property is transected by numerous paved and gravel roads which supported the former mine and remain in good condition. Two powerlines also transect the property. The property is 5 km from a provincial highway and 10 km from the coastal community of Daniels Harbour.

On-going Work:

Compilation of historical drilling and assay intersections adjacent to the former mine workings is continuing. The overall objective is to identify prospective areas for similar zinc mineralization adjacent to the former Daniels Harbour mine workings. Recommendations for further work in 2010 will be based upon the results of data compilation to be completed by December 2009.

Sample Protocols

All samples were photographed and tested using a magnetic susceptibility meter. Samples were submitted to Eastern Analytical of Springdale, NF for analysis. All samples were assayed for gold by fire assay - atomic absorption finish. All samples were also analyzed for 34 elements by ICP (inductively coupled plasma). 'Over-limit' zinc and silver results using the ICP method were analyzed by assay techniques standard to that element. Over-limit ( greater than 110 ppm) cadmium results were not quantitatively determined. Pulps and coarse rejects from these samples have been retained. Messina uses protocols standard to the industry and professional QA/QC procedures for assaying including the use of laboratory standards, blanks, and duplicates, the retention of pulps and coarse rejects, and the maintenance of chain-of-custody among other procedures.

About Messina

Messina Minerals Inc. is exploring for zinc-lead-copper-silver-gold massive sulphide deposits in central Newfoundland, Canada on its extensive 410 square kilometer mineral lands, in a region known historically for its zinc resources and where the Company has made massive sulphide discoveries including "Boomerang" and "Domino". See our website for more information.

Kerry Sparkes, P.Geo., Vice President of Messina Minerals Inc. is the Qualified Person who has reviewed and is responsible for the technical data contained in this news release.

ON BEHALF OF THE BOARD OF DIRECTORS OF MESSINA MINERALS INC.

Peter Tallman, President

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts

Peter Tallman
Messina Minerals Inc.
President
(604) 688-1508
(604) 601-8253 (FAX)
info@messinaminerals.com
www.messinaminerals.com