| ||June 03, 2010|
Habanero Hires Driller for Yukon Silver Prospect
| ||Habanero Resources Inc. ("Habanero") (TSX VENTURE: HAO.V) (PINK SHEETS: HBNRF.PK) (FRANKFURT: HRJ.F) wishes to announce that it has contracted Dorado Drilling to drill the Haldane Silver Prospect in the Keno Hill Silver District of the Yukon. Drilling is anticipated to commence shortly. |
Jason Gigliotti, President of Habanero stated, "This is a very exciting time for Habanero. We are about to commence a drill program for the first time in three years in one of the largest historic silver producing regions in the world. According to government officials from the Yukon, they expect this year to be one of the most active drill seasons in many years. Habanero has two projects located in two of the most focused upon regions in the Yukon. The Haldane Sliver Project is located near Alexco Resources Corp., which is expected to go into production later this year on its Bellekeno mine. Our other Yukon prospect borders Underworld Resources Inc. and is the closest property to their actual discovery. Recently, Underworld agreed to a friendly takeover from Kinross. Our White Gold Prospect also lies directly north the recent discovery made by Kaminak Gold Corp., who just announced 17.1 grams per tonne or 15.5 metres of gold."
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 is not necessarily representative of this prospect itself. Habanero plans to file a NI 43-101 report once completed. Haldane Silver Prospect is approximately 7,150 contiguous acres.
Habanero will also be presenting at the World Resource Investment Conference in Vancouver on Sunday June 6th and Monday June 7th, in booth 138. Jason Gigliotti will be hosting a presentation held at the Best Western Gold Rush Inn in Whitehorse on Wednesday June 9 between 11:30am and 2:00pm.
If you would like attend the presentation in Whitehorse, please RSVP at email@example.com
This news release has been reviewed and approved for technical content by Murray Jones, PGeo. 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; the Haldane Silver Prospect in the Yukon; a sizable land holder within the land prospective for lithium in Alberta; two prospects in the Stewart Mining Region of BC, one bordering Canasia Industries Corporation's Clone Prospect and the other in the vicinity of the discovery made by Decade Resources Ltd.; land in the Barkerville Gold Camp of BC bordering Barkerville Gold Mines Ltd., and property in the Red Chris Mining Region of BC near Imperial Metals Corp.
If you would like to be added to Habanero's email updates list, please send an email to firstname.lastname@example.org requesting to be added.
To view maps of these projects please go to http://www.habaneroresources.com.
Habanero Resources Inc.
Tel: 604 646 6900
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: Thu Jun 10, 2010, Habanero Commences Drill Program In Keno Hill Silver District of the Yukon
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