Thursday 10 December 2009

Hana discovers more copper in Ghanzi

Hana Mining based in Vancouver, Canada and listed on the TSX (Toronto Stock Exchange) Venture Exchange and the Frankfurt Exchange views Botswana as a very favourable area for conducting business. The company commended the Botswana government support for developing mining diversification. The company recently announced completion of 14 new RC drill holes at its Ghanzi copper-silver project in Botswana which extends total mineralisation in the Company's current focus area, Banana zone. Hana Mining CEO Marek Kreczmer said that the findings would increase the overall resource to 80 - 100m tonnes. The highlights of the drilling results show that four new holes in the South Limb extend mineralised strike length by 600 metres to 1.8km. Ten new holes in the Southwest fold represent new mineralised strike length of 1000 metres in an area never tested by any type of drilling. The South Limb results show continuation of mineable grade copper/silver mineralisation trending south from previously released results. The Southwest results show lower grade, near surface mineralisation over large widths (16 to 48 metres) and at shallow dip. The main copper minerals in the Southwest fold are malachite and chalcocite in contrast to other areas which are mainly bornite and chalcopyrite. In June 2009, Hana Mining announced that its drilling results showed an inferred resource of 2.9 billion pounds of copper and 51.5 million ounces of silver at its Ghanzi Copper-Silver sediment-hosted copper-silver deposit similar to the vast Kuperschiefer deposit in Poland.

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