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| December 17, 2009 Habanero Receives Approval for Silver Project in the Yukon | |
| Habanero Resources Inc. ("Habanero") (TSX VENTURE: HAO.V) (PINK SHEETS: HBNRF.PK) (FRANKFURT: HRJ.F) wishes to announce that it has received regulatory approval for an option agreement to acquire 100% of the Haldane Silver Prospect located in Yukon, Canada. The Haldane Silver Property consists of 99 contiguous quartz mineral claims comprising approximately 1950 ha. (4818 ac.) The Haldane property is a structurally controlled, silver vein prospect located within the Keno Hill silver district in the central Yukon. Between 1921 and 1988, the Keno Hill silver district produced more than 217 million ounces of silver with average grades of 40.5 ounces per ton silver, 5.6 per cent lead and 3.1 per cent zinc (Yukon government's Minfile database). The historical production grades would rank Keno Hill in the top 3 per cent by grade of today's global silver producers. The Keno Hill district is the second-largest historical silver producer in Canada. The Haldane property is well situated about 25 kilometres west of the main Keno Hill deposits. Mineralization is controlled by northerly trending structures, and consists of galena, sphalerite and tetrahedrite-tennantite in quart-siderite gangue. The best mineralization found to date occurs where the mineralized structures cut the Keno Hill quartzite unit, below the Robert Service thrust. This is almost identical to the setting for mineralization at the main Keno Hill deposits. Any historical data presented here are not necessarily representative of this prospect itself. Habanero plans to file a 43-101 report once completed. Jason Gigliotti, President of Habanero stated, "Management is pleased to receive approval on this prospect. The board feels that this prospect has the potential to have the largest impact on Habanero's corporate growth in 2010 and we look forward to developing this prospect. The other aspect that is important is that the geologists associated with this acquisition will work directly with Habanero developing this prospect. Having these geologists working directly with Habanero provides knowledge on this prospect that will prove valuable as the drill program commences. 2010 is shaping up to be a very active year for Habanero as multiple prospects that were staked or acquired in 2009 will have work commence on them in 2010." Qualified Person Statement This news release has been reviewed and approved for technical content by Murray Jones, P. Geo. Mr. Jones is a Qualified Person as defined under the terms of National Instrument 43-101. Habanero is a diversified junior company with the following prospects: acreage in the Alberta Oilsands; land in the Yukon, bordering Underworld; a sizable land holder within the land prospective for lithium in Alberta; two prospects in the Stewart Mining Region of BC, one bordering Canasia's Clone Prospect and the other in the vicinity of the recent discovery made by Decade Resources Ltd.; land in the Barkerville Gold Camp of BC bordering International Wayside Gold Mines Ltd, and now the Haldane Silver Prospect in the Yukon. 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. Habanero Resources Inc. Tel: 604 646 6900 "Jason Gigliotti" Jason Gigliotti, President The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. | |
You can view the Next News Releases item: Wed Jan 20, 2010, Habanero Acquires 13,914 Contiguous Acres in Red Chris Region of BC You can view the Previous News Releases item: Thu Dec 3, 2009, Habanero to Acquire Silver Project in the Yukon You can return to the main News Releases page, or press the Back button on your browser. |
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