Habanero Res (XE:872019)
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5 Years : From Jul 2011 to Jul 2016
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.
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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.
Habanero Resources Inc.
604 646 6900