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Hana Mining Reports on Drilling and Exploration Activities at Ghanzi Copper-Silver Project in
VANCOUVER, BRITISH COLUMBIA, Oct 1, 2008 (Marketwire via COMTEX) --
Hana Mining Ltd. (TSX VENTURE:HMG)(FRANKFURT:4LH) is pleased to report an update of corporate activities and exploration at its sediment-hosted Ghanzi Copper-Silver Project in Botswana. Assay results for 26 diamond drill holes collared along the North Limb of Zone 1 and South Limb of Zone 2 have been received. Twelve of the holes were drilled along the south limb of Zone 2 which has now been defined along a 3.7 kilometer strike length and the remaining fourteen holes were drilled along a 2.4 kilometer strike length at the north limb of Zone 1. The holes at Zone 1 are 5.0 kilometers southwest of previously reported diamond drilling (press release of May 8, 2008) and 12.0 kilometers northeast of a new discovery reported from percussion drilling (press release of July 29, 2008) (See attached Map and Web Link at http://www.hanamining.com/i/pdf/b_wrevised_jta.pdf). This is the first drilling carried out by Hana Mining in this area. An additional 33 diamond drill holes have been completed at Zones 1 and 2 and results are pending.
To view Figure 1; please visit the following link:
http://media3.marketwire.com/docs/hanaminingfigure1.pdf
Twin Hole Program
The initial stages of the drilling campaign, which started in August 2007, were focussed on twinning 5 RC holes and 2 diamond drill holes carried out by Delta Gold and Anglo American, respectively as stated in the NI 43-101 Technical Report. (See report at -http://www.hanamining.com/i/pdf/TechnicalReport.pdf). The goal of the twin hole program was to verify mineralization and determine whether this data could be incorporated into the drill hole database for future resource estimation. An assessment of the twin hole program was carried out by Micon International. The study noted that there is good correspondence of the thickness and location of the mineralized intervals between the holes; however, the grade of the RC holes was higher than the corresponding diamond drill hole. Micon concludes "...that the data from the RC and Anglo core holes can be used for Inferred resource estimation. The RC sample data will likely need a top-cut applied to remove the risk of bias. This top-cut can be derived from statistical analysis of sample populations from new drilling." The net effect of this study is that Hana Mining can now incorporate 27 additional RC holes and at least 20 diamond drill holes into a database for resource estimation.
Reinterpretation of Airborne Geophysics
The model for copper-silver mineralization at Ghanzi consists of copper sulphide minerals that occur immediately above the contact between a lower oxidized sandstone FW (foot wall) and upper reduced siltstones HW (hanging wall). This mineralized horizon has been repeated across the property due to folding along northeast trending axes. The main tool for delineating these folds and attendant potential horizons is government aeromagnetic and EM data. This data has been reprocessed and interpreted resulting in the identification of two mineralization target types; the typical HW - FW type can be traced over a 600 kilometer cumulative strike length, and an intra-hanging wall type that occurs above the HW-FW type, that can be traced over a 560 kilometer cumulative strike length. Collectively, these two mineralization targets represent over 1160 kilometers of cumulative strike length which equates to only 1.5% of the entire property as being drill tested.
Details of the results for the diamond drill holes are as follows:
---------------------------------------------------------------------------
Zone Hole From To Length Cu Ag
Number
M m m % g/t
1 North
Limb HA-38-D 154 158 4.0 1.20 19.43
and 170 172 2.0 0.88 17.70
1 North
Limb HA-41-D 100.0 113.2 13.2 0.36 5.02
including 111.0 113.2 2.2 1.38 21.65
1 North
Limb HA-43-D 112.0 117.0 5.0 0.95 18.00
including 113.0 116.0 3.0 1.22 22.92
1 North
Limb HA-45-D 105.0 107.3 2.3 1.20 16.96
including 105.4 106.8 1.5 2.08 24.33
1 North
Limb HA-46-D 81 85 4.0 0.53 3.7
and 102 106 4.0 1.34 17.0
1 North
Limb HA-48-D 102 106 4.0 0.80 9.6
1 North
Limb HA-50-D 138 141 3.0 0.32 2.6
1 North
Limb HA-52-D 135.6 138 2.4 0.68 6.6
1 North
Limb HA-53-D 143 146 3.0 1.12 15.1
including 144 146 2.0 1.55 21.5
1 North
Limb HA-55-D 146.5 149 2.5 0.68 6.84
including 148 149 1.0 1.39 13.6
1 North
Limb HA-56-D 151 154 3.0 0.60 4.5
1 North
Limb HA-58-D 162 164 2.0 1.72 16.1
including 162 163 1.0 2.61 24.7
1 North
Limb HA-60-R 138 140 2.0 0.50 6.8
1 North
Limb HA-62-R 152 153.7 1.3 0.58 3.18
2 South
Limb HA-37-D 104 113 9.0 0.55 5.99
2 South
Limb HA-39-D 111 123 12 0.54 6.80
2 South
Limb HA-40-D 135 140 5.0 1.15 14.60
including 135 138 3.0 1.65 20.20
2 South
Limb HA-42-D 140.0 150.0 10.0 0.82 10.20
including 145.0 150.0 5.0 1.30 17.60
and 146.0 149.0 3.0 1.63 22.30
2 South
Limb HA-44-D 142.0 151.5 9.5 0.67 10.65
including 149.0 151.5 2.5 1.61 22.56
2 South
Limb HA-47-D 158 170 12.0 0.46 5.2
including 165 168 3.0 1.00 13.0
2 South
Limb HA-49-D 104.5 109 4.5 0.75 11.0
including 104.5 106 1.5 1.03 15.0
and 108 109 1.0 1.34 19.0
2 South
Limb HA-51-D 102 106 4.0 1.02 13.2
including 104 106 2.0 1.50 18.6
2 South
Limb HA-54-D 112 121 9.0 1.11 16.4
including 119 121 2.0 3.16 48.6
and 160.6 161.6 1.0 4.41 87.5
2 South
Limb HA-57-D 135 141 6.0 0.84 8.8
Including 137 138 1.0 1.61 18.0
2 South
Limb HA-59-D 141 145 4.0 1.02 11.7
Including 144 145 1.0 2.45 40.0
2 South
Limb HA-61-D 137 142 5.0 0.58 4.6
Including 141 142 1.0 1.55 18.9
of the 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 http://www.corebox.net/properties/ghanzi/or by following a link on the Company's website.
For details on current drilling activities refer to map www.hanamining.com/s/Ghanzi.asp?ReportID=303741.
Quality Assurance/Quality Control
Drill core is logged, split by sawing and sampled at site. All samples are double bagged, sealed and transported in secured wooden crates and shipped to Scientific Services Laboratory in Cape Town, South Africa. Standards, blanks and duplicates 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 4,370 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 and has reviewed the technical data in this release.
SOURCE: Hana Mining Ltd.
Hana Mining Ltd Peter G. Wilson President, Director (604) 676-0824 Email: info@hanamining.com Website: www.hanamining.com
Tags: acquisition africa botswana copper corporate diamond exploration frankfurt gold government mining president property science silver south africa south carolina standards strike web
Hana Mining Reports on Drilling and Exploration Activities at Ghanzi Copper-Silver Project in
VANCOUVER, BRITISH COLUMBIA, Oct 01, 2008 (MARKET WIRE via COMTEX) --
Hana Mining Ltd. (TSX VENTURE: HMG)(FRANKFURT: 4LH) is pleased to report an update of corporate activities and exploration at its sediment-hosted Ghanzi Copper-Silver Project in Botswana. Assay results for 26 diamond drill holes collared along the North Limb of Zone 1 and South Limb of Zone 2 have been received. Twelve of the holes were drilled along the south limb of Zone 2 which has now been defined along a 3.7 kilometer strike length and the remaining fourteen holes were drilled along a 2.4 kilometer strike length at the north limb of Zone 1. The holes at Zone 1 are 5.0 kilometers southwest of previously reported diamond drilling (press release of May 8, 2008) and 12.0 kilometers northeast of a new discovery reported from percussion drilling (press release of July 29, 2008) (See attached Map and Web Link at http://www.hanamining.com/i/pdf/b_wrevised_jta.pdf). This is the first drilling carried out by Hana Mining in this area. An additional 33 diamond drill holes have been completed at Zones 1 and 2 and results are pending.
To view Figure 1; please visit the following link:
http://media3.marketwire.com/docs/hanaminingfigure1.pdf
Twin Hole Program
The initial stages of the drilling campaign, which started in August 2007, were focussed on twinning 5 RC holes and 2 diamond drill holes carried out by Delta Gold and Anglo American, respectively as stated in the NI 43-101 Technical Report. (See report at -http://www.hanamining.com/i/pdf/TechnicalReport.pdf). The goal of the twin hole program was to verify mineralization and determine whether this data could be incorporated into the drill hole database for future resource estimation. An assessment of the twin hole program was carried out by Micon International. The study noted that there is good correspondence of the thickness and location of the mineralized intervals between the holes; however, the grade of the RC holes was higher than the corresponding diamond drill hole. Micon concludes "...that the data from the RC and Anglo core holes can be used for Inferred resource estimation. The RC sample data will likely need a top-cut applied to remove the risk of bias. This top-cut can be derived from statistical analysis of sample populations from new drilling." The net effect of this study is that Hana Mining can now incorporate 27 additional RC holes and at least 20 diamond drill holes into a database for resource estimation.
Reinterpretation of Airborne Geophysics
The model for copper-silver mineralization at Ghanzi consists of copper sulphide minerals that occur immediately above the contact between a lower oxidized sandstone FW (foot wall) and upper reduced siltstones HW (hanging wall). This mineralized horizon has been repeated across the property due to folding along northeast trending axes. The main tool for delineating these folds and attendant potential horizons is government aeromagnetic and EM data. This data has been reprocessed and interpreted resulting in the identification of two mineralization target types; the typical HW - FW type can be traced over a 600 kilometer cumulative strike length, and an intra-hanging wall type that occurs above the HW-FW type, that can be traced over a 560 kilometer cumulative strike length. Collectively, these two mineralization targets represent over 1160 kilometers of cumulative strike length which equates to only 1.5% of the entire property as being drill tested.
Details of the results for the diamond drill holes are as follows:
---------------------------------------------------------------------------
Zone Hole From To Length Cu Ag
Number
M m m % g/t
1 North
Limb HA-38-D 154 158 4.0 1.20 19.43
and 170 172 2.0 0.88 17.70
1 North
Limb HA-41-D 100.0 113.2 13.2 0.36 5.02
including 111.0 113.2 2.2 1.38 21.65
1 North
Limb HA-43-D 112.0 117.0 5.0 0.95 18.00
including 113.0 116.0 3.0 1.22 22.92
1 North
Limb HA-45-D 105.0 107.3 2.3 1.20 16.96
including 105.4 106.8 1.5 2.08 24.33
1 North
Limb HA-46-D 81 85 4.0 0.53 3.7
and 102 106 4.0 1.34 17.0
1 North
Limb HA-48-D 102 106 4.0 0.80 9.6
1 North
Limb HA-50-D 138 141 3.0 0.32 2.6
1 North
Limb HA-52-D 135.6 138 2.4 0.68 6.6
1 North
Limb HA-53-D 143 146 3.0 1.12 15.1
including 144 146 2.0 1.55 21.5
1 North
Limb HA-55-D 146.5 149 2.5 0.68 6.84
including 148 149 1.0 1.39 13.6
1 North
Limb HA-56-D 151 154 3.0 0.60 4.5
1 North
Limb HA-58-D 162 164 2.0 1.72 16.1
including 162 163 1.0 2.61 24.7
1 North
Limb HA-60-R 138 140 2.0 0.50 6.8
1 North
Limb HA-62-R 152 153.7 1.3 0.58 3.18
2 South
Limb HA-37-D 104 113 9.0 0.55 5.99
2 South
Limb HA-39-D 111 123 12 0.54 6.80
2 South
Limb HA-40-D 135 140 5.0 1.15 14.60
including 135 138 3.0 1.65 20.20
2 South
Limb HA-42-D 140.0 150.0 10.0 0.82 10.20
including 145.0 150.0 5.0 1.30 17.60
and 146.0 149.0 3.0 1.63 22.30
2 South
Limb HA-44-D 142.0 151.5 9.5 0.67 10.65
including 149.0 151.5 2.5 1.61 22.56
2 South
Limb HA-47-D 158 170 12.0 0.46 5.2
including 165 168 3.0 1.00 13.0
2 South
Limb HA-49-D 104.5 109 4.5 0.75 11.0
including 104.5 106 1.5 1.03 15.0
and 108 109 1.0 1.34 19.0
2 South
Limb HA-51-D 102 106 4.0 1.02 13.2
including 104 106 2.0 1.50 18.6
2 South
Limb HA-54-D 112 121 9.0 1.11 16.4
including 119 121 2.0 3.16 48.6
and 160.6 161.6 1.0 4.41 87.5
2 South
Limb HA-57-D 135 141 6.0 0.84 8.8
Including 137 138 1.0 1.61 18.0
2 South
Limb HA-59-D 141 145 4.0 1.02 11.7
Including 144 145 1.0 2.45 40.0
2 South
Limb HA-61-D 137 142 5.0 0.58 4.6
Including 141 142 1.0 1.55 18.9
All of the 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 http://www.corebox.net/properties/ghanzi/or by following a link on the Company's website.
For details on current drilling activities refer to map www.hanamining.com/s/Ghanzi.asp?ReportID=303741.
Quality Assurance/Quality Control
Drill core is logged, split by sawing and sampled at site. All samples are double bagged, sealed and transported in secured wooden crates and shipped to Scientific Services Laboratory in Cape Town, South Africa. Standards, blanks and duplicates 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 4,370 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 and has reviewed the technical data in this release.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts: Hana Mining Ltd Peter G. Wilson President, Director (604) 676-0824 Email: info@hanamining.com Website: www.hanamining.com
SOURCE: Hana Mining Ltd.
mailto:info@hanamining.com http://www.hanamining.com
Tags: acquisition africa botswana copper corporate diamond email exploration frankfurt gold government mining president property science silver south africa south carolina standards strike web
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