Infill drilling extends copper-silver mineralization by 300 m along dip at the Northeast Fold
Thursday, 21 April 2011 13:18
Hana Mining Ltd. announced its most recent drilling results from the completion of five infill diamond drill holes in the Banana Zone at its Ghanzi sediment hosted Copper-Silver Project in Botswana.
Infill drilling was carried out within the Northeast Fold area (between sections 69850 to 70525 on the North Limb; Figures 1and 2) to assist Hana's technical team in the design and modeling of potential pits at the Banana Zone and to convert a substantial amount of the NI 43-101 compliant resources within this area into the Measured and Indicated (M&I) category from the Inferred category. The drilling was also carried out to assess the underground mining potential at the Northeast Fold.
These results are from new holes and are in addition to those used in the most recent NI 43-101 compliant Inferred mineral resource calculation (see Table 1 at the end of this press release for the results from all five drill holes). The mineralization remains open at depth.
Highlights of recent drilling results:
Drilling is progressing as scheduled. Total drilling to date is approximately 8,875 metres (core and reverse circulation).
These latest results extend the copper-silver mineralization by approximately 300 metres down dip within the Northeast Fold area.
Intercepts of 0.61% Cu and 8.0 g/t Ag over 13.3 metres (including 2.38% Cu and 43.0 g/t Ag over 2.20 metres) in hole HA-255-D, 1.00% Cu and 21.0 g/t Ag over 5.13 metres (including 1.21% Cu and 25.0 g/t Ag over 3.9 metres) in hole HA-254-D and 0.44% Cu and 2.0 g/t Ag over 9.0 metres (including 1.51% Cu and 6.0 g/t Ag over 2.1 metres) in hole HA-252-D.
