Habanero Commences Operations on "Grande-Vallée North" Aluminous Clay Prospect in Quebec
09 November 2011 - 7:01PM
Marketwired
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.
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 6900www.habaneroresources.com
Sienna Resources, Inc. (TSXV:HAO)
Historical Stock Chart
From Jun 2024 to Jul 2024
Sienna Resources, Inc. (TSXV:HAO)
Historical Stock Chart
From Jul 2023 to Jul 2024