VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 1, 2012) - Habanero Resources Inc. ("Habanero", "HAO" or the "Company") (HAO.V)(HBNRF)(HRJ.F) wishes to announce that exploration crews have been mobilized to Habanero's Lezai Multi-Element Prospect, located approximately 100 km north of Chibougamau, Quebec.
The 2012 exploration is designed to follow-up on anomalous rock grab samples collected during fall 2011 exploration at Lezai that returned zinc (Zn) grades of up to 2,060 parts-per-million (ppm) and copper (Cu) levels of 1,075 ppm. (January 16, 2012). Exploration will focus on additional rock and humus soil geochemical sampling along a northeast trending belt of intermediate-felsic volcanic tuff, basalt and gabbro rocks within the Frotet-Evans greenstone belt.
Following completion of exploration at Lezai, crews will mobilize immediately to Habanero's Grand-Vallee North Aluminous Clay Prospect near Murdochville, Quebec. Last work season HAO achieved samples up to 22.99% Al2O3 on the Grand Vallee North Aluminous Clay Prospect (March 1, 2012). This prospect is located in Gaspe, Quebec and comprises of claims covering approximately 7,400 hectares (ha) and lies adjacent to Orbite Alumina Inc.'s 6,441 ha Grand-Vallee Property.
Work on the Lezai Multi-Element Prospect and 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 Grand-Vallee North Prospect and the Lezai Multi-Element Prospect.
Jason Gigliotti, President of Habanero stated, "We are excited to finally be underway on the first of multiple work programs planned for the summer. Despite challenging market conditions, management feels it is important to push forward now for the potential benefit of our shareholders. We are optimistic about how the summer may unfold as we start up our operations on the first 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; the Lezai Multi-Element Prospect comprising of approximately 55,100 contiguous acres in Quebec; and the Grande-Vallee North Aluminous Clay Prospect consisting of approximately 7,400 hectares (18,285 acres) 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 email@example.com requesting to be added.
To view maps of these projects please go to http://www.habaneroresources.com.
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.
- Investment & Company Information
Habanero Resources Inc.