Habanero Resources Inc. ("Habanero" or the "Company") (TSX VENTURE:HAO) (PINK
SHEETS:HBNRF) (FRANKFURT:HRJ) wishes to announce that it has now commenced
operations on its 100% owned 'Grande-Vallee North' Aluminous Clay Prospect. HAO
recently (October 7, 2011) acquired the "Grande-Vallee North" Aluminous Clay
Prospect consisting of 5,574 contiguous acres. This prospect directly borders to
the north Orbite Aluminae Inc.'s (ORT-TSX) 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." 


Jason Gigliotti, President of Habanero Resources stated, "It is great to be
underway on the 'Grande-Vallee North' Aluminous Clay Prospect. We are optimistic
that the clay deposit currently defined by Orbite Aluminae Inc. dose not stop at
the edge of their property, and we look forward to getting the work completed to
enable HAO to further this prospect. We are also currently awaiting results from
our Haldane Silver Prospect in the Yukon and for the results from our Lezai Gold
Prospect in Quebec. Company President, Jason Gigliotti, will also be presenting
at the Montreal Investment Conference on November 18th and 19th, 2011 at the
Hilton Montreal Bonaventure to discuss all of Habanero's current projects,
especially the two Quebec projects that are currently underway. Clearly, HAO is
in an active period of corporate growth and management is pleased to be out
trying to further explain HAO's growth strategy to current and potential
individual and institutional shareholders."


On November 7th, HAO was informed by Equity Exploration Consultants Ltd. in
regards to the White Gold Prospect in the Yukon that "the work to date has
outlined a 2.5 x 1.0 km multi-element soil anomaly. This low-amplitude anomaly
is north-northwest trending. The zone is open to the southwest and more work,
including soil sampling, mapping and prospecting is warranted to determine its
nature and extent." This prospect directly borders Kinross' property that was
acquired via a takeover of Underworld Resources. HAO's property is the closest
property to the actual 'Golden Saddle' discovery.


On November 2, 2011, HAO was informed by Apex Geoscience Ltd. that, "Exploration
crews have 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 recently 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 inductively coupled plasma mass
spectrometry 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
approximately 55,100 contiguous acres, which are located approximately 125
kilometres northwest of Chibougamau, Quebec. 


Work on the Lezai Gold Prospect is supervised by Kristopher J. Raffle, PGeo,
senior geologist for APEX Geoscience Ltd. of Edmonton, Alta., who is the
qualified person for the project as defined by National Instrument 43-101. Mr.
Raffle has reviewed and approved the portion of the technical content of this
news release as it relates to the Lezai Gold Prospect. 


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; a sizable land
holder within land prospective for lithium in Alberta; 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. 


The technical information in this news release on the Haldane and the White Gold
Prospects were provided by and has been reviewed and approved for content by
Henry Awmack, P.Geo., of Equity Exploration Consultants Ltd., a qualified person
as defined under the terms of National Instrument 43-101. 


To view maps of these projects please go to http://www.habaneroresources.com.

Sienna Resources, Inc. (TSXV:HAO)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Sienna Resources, Inc. Charts.
Sienna Resources, Inc. (TSXV:HAO)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Sienna Resources, Inc. Charts.