VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 14, 2012) - Habanero Resources Inc. ("Habanero" or the "Company") (HAO.V)(HBNRF)(HRJ.F) is pleased to provide the following exploration update with respect to Grand-Vallee North Aluminous Clay Prospect near Murdochville, Quebec.
The 2012 Grand-Vallee North geologic mapping and soil geochemical programs are well underway. Exploration crews have collected 1,184 soil samples at 50m intervals along 400m spaced gridlines within the southern part of Habanero's claims adjacent to the Orbite Aluminae Inc.'s ("Orbite") Grand-Vallee property, and 800m spaced reconnaissance gridlines with the northern claims. Initial soil sampling has been focused on an approximately 3 x 1 km priority area from which nine (9) rock samples collected during 2011 returned values ranging from 18.93% to 22.99% Al2O3(announced March 1, 2012). Geologic mapping has resulted in the discovery of at least two new red clay stone occurrences within the priority area having visual similarities to the 2011 rock samples. A total of 329 soil samples have been analyzed to date on site via portable x-ray fluorescence (XRF). The results define an 800m (17 sample) aluminium anomaly spanning two aluminous clay occurrences identified by the 2011 sampling.
The new clay occurrences lie at distances of 0.7 and 2.0 km northwest of Orbite Aluminae Inc.'s ("Orbite") "Zone D" aluminous clay occurrence. Exploration at the Zone D occurrence by Orbite has defined a 300 x 100m zone of fragmentary shale and red shale that returned anomalous Al2O3 values. According to their June 5, 2012 press release, Orbite is currently completing a ground geophysical survey, to be followed by 1,500-2,000 metres of diamond drilling, within their Simoneau and Madeleine aluminous clay sectors immediately south of Habanero's claims.
Jason Gigliotti, President of Habanero stated, "We are encouraged by the initial indications on the Grand-Vallee North Prospect. We are anticipating finishing this phase of sampling shortly with a drill program to follow targeting the highest prospective zones defined by the sampling and mapping data gathered."
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 Grand-Vallee North Prospect. To ensure accuracy of the results obtained, the portable XRF unit has been calibrated using powder pulps from the 2011 samples analyzed by whole rock XRF at ALS Minerals, North Vancouver, BC. As part of a standard quality assurance/quality control program, duplicate XRF analysis is performed on all samples, and 5% of all samples are collected as field duplicates. All samples returning anomalous aluminum values by portable XRF will be confirmed by whole rock XRF at ALS Minerals.
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 consisting of approximately 7,400 hectares (18,285 acres) near Murdochville, Quebec, bordering Orbite Aluminae Inc.'s deposit.
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