Habanero Resources Inc.: Significantly Increases Land Position on Grand-Vallee North Aluminous Clay Prospect in Quebec
2011年11月24日 - 4:01PM
Marketwired Canada
Habanero Resources Inc. ("Habanero" or the "Company") (TSX VENTURE:HAO)(PINK
SHEETS:HBNRF)(FRANKFURT:HRJ) wishes to announce that it has increased its land
position by approximately 11,000 acres on its 100% owned "Grande-Vallee North"
Aluminous Clay Prospect. Habanero now has approximately 6,700 contiguous
hectacres (approximately 16,500 acres). This prospect directly borders to the
north Orbite Aluminae Inc.'s (TSX:ORT) 6,441-hectare Grande-Vallee property, the
site of an aluminous clay deposit located 32 km northeast of Murdochville,
Quebec. According to Orbite's website, "A NI 43-101 compliant technical report
on the disclosure of information relating to mineral projects in Canada
indicates that the clay deposit at the Grande-Vallee property contains,
conservatively estimating a density of 2 tonnes per cubic metre, 800 million to
1 billion tonnes of "indicated mineral resources" in the first 100 metres depth
of the Marin sector alone. The property is strategically located near several
deepwater ports and across the St. Lawrence River from the province's major
aluminum smelters." The property was acquired through Gestim.
On November 21, 2011 Habanero was informed by Apex Geoscience Ltd. that, "Crews
have completed the first phase of sampling on Habanero's Grande-Vallee North
Prospect near Murdochville Quebec. Altered red clay was encountered and the
samples have now been sent to ALS Minerals' Val d'Or Laboratory for major
element analysis."
Jason Gigliotti, President of Habanero stated, "We are pleased to increase our
current land holdings by almost 200% on this prospect. Management is optimistic
about what this prospect may prove to be in terms of growth for Habanero as the
full extent of the prospect is investigated in the future. We have recently
submitted samples to a lab from 'Grand-Vallee North' Prospect, we also are
awaiting results on the Lezai Gold Prospect in Quebec as well as on the Haldane
Silver Prospect in the Yukon."
Also HAO announced on November 2, 2011 that exploration crews completed a
preliminary geologic reconnaissance of the Lezai Gold Prospect in Quebec. A
total of five priority areas were targeted within claims based on geologic
compilation work indicating favourable geology and gold potential. Crews
submitted a total of 100 rock grab samples comprising both outcrop and glacially
transported boulders to ALS Minerals Val d'Or Laboratory for gold fire assay and
multi-element ICP-MS analysis. Mineralization consisting of silicification and
quartz of veining mafic volcanic rock containing pyrite and lesser chalcopyrite
was noted at two of the five sites examined."
The Lezai Gold Prospect comprises of approximately 55,100 contiguous acres,
which are located approximately 125 kilometres northwest of Chibougamau, Quebec.
Habanero is a diversified junior company with the following prospects; the White
Gold Prospect in the White Gold Region Yukon, bordering Kinross' Golden Saddle
discovery; the Haldane Silver Prospect in the Keno Hill Silver Region of the
Yukon bordering Alexco Resources Corp's Bellekeno property; significant acreage
in Quebec bordering Beaufield Resources Inc.; holdings in the Alberta Oilsands;
and now the Grande-Vallee North aluminous clay prospect near Murdochville
Quebec, bordering Orbite Aluminae Inc.'s deposit.
If you would like to be added to Habanero's email updates list, please send an
email to ir@habaneroresources.com requesting to be added.
Work on the Lezai Gold Prospect and Grand-Vallee North Prospect were supervised
by Kristopher J. Raffle, P.Geo (BC) Senior Geologist for APEX Geoscience Ltd. of
Edmonton, AB, who is the qualified person for the project as defined by National
Instrument 43-101. Mr. Raffle has reviewed the portion of the technical content
of this news release as it relates to the Grand-Vallee North Prospect and the
Lezai Gold Prospect.
To view maps of these projects please go to http://www.habaneroresources.com.
Habanero Resources Inc.
Jason Gigliotti, President
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