Habanero Resources Inc.: Grand-Vallee North Drill Program Now Underway
November 20 2012 - 3:01AM
Marketwired
Habanero Resources Inc. ("Habanero", "HAO" or the "Company") (TSX
VENTURE:HAO)(PINKSHEETS:HBNRF)(FRANKFURT:HRJ) wishes to announce
commencement of the 2012 diamond drill program its Grand-Vallee
North Aluminous Clay Prospect (the "Property"), Gaspe, Quebec.
Drilling will consist of approximately 800 metres, 8-hole drill
program designed to test three of the highest priority aluminium in
soil geochemical anomalies defined during the summer and fall 2012
exploration.
A series of 3 holes, totalling approximately 300 metres have
been tentatively assigned to test each of the 1st and 2nd
high-priority anomalies; while 2 holes, totalling 200 metres have
been allocated to the 3rd high-priority anomaly.
At the 1st high-priority drill target, intermittent outcrops of
red claystones are exposed in road cuts over a 140 metre east-west
trending zone where four 2011 rock grab samples returned analyses
up to 22.99% Al2O3 (announced March 1, 2012).
Jason Gigliotti, President of Habanero stated, "We are excited
to be now underway on the drill program at Grand-Vallee North. We
have been building up to this point for over a year and have had
encouraging sampling to now establish the highest priority drill
targets. Habanero has had returns as high as 22.99% Al2O3 achieved,
and when you consider that Orbite's Deposit directly bordering to
the south uses a grade of 18% Al2O3 for production, the prospect
has the potential to impact Habanero development. It has been well
over a year since our last drill program and management is
optimistic about how this drill program may impact Habanero's
growth in the short and long term."
Work on the Grand-Vallee North Prospect is 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 Gaspe Bay Aluminous Clay/Rare Earth
Prospect. Exploration crews have established secure geologic
logging, and drill core sampling facilities in the nearby community
of Grand-Vallee. Drill core from the 2012 diamond drill program
will be split using a mechanical core splitter. Samples will be
submitted to ALS Minerals, North Vancouver, BC for analysis by
whole rock XRF. A quality assurance/quality control (QA/QC) program
is in place, with the insertion of standard, blank and duplicate
samples into the sample stream to confirm the accuracy of the
reported results.
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; the Lezai
Multi-Element Prospect located approximately 100 km north of
Chibougamau Quebec; and 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 info@habaneroresources.com requesting to be
added.
To view maps of these projects please go to
http://www.habaneroresources.com.
Habanero Resources Inc.
Jason Gigliotti, President
Neither the 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: Habanero Resources Inc. Jason Gigliotti President 604
646 6900 www.habaneroresources.com