Habanero Acquires 13,914 Contiguous Acres in Red Chris Region of BC
Imperial Metals Corporation's Red Chris copper/gold property in BC has returned significant results including hole RC09-350 which returned 152.5 metres grading 4.12 per cent copper and 8.83 grams per tonne gold starting at a depth of 540.0 metres. (Reported November 9, 2009)
According to the National Post article from November 11, 2009..."Obviously, some spectacular drill results," said Chris Thompson, an analyst at Haywood Securities Inc. The results are part of a program testing deep-level mineralization at Red Chris in the hope of eventually adding an underground mine to the current open-pit plan, which contains minable reserves of 276 tonnes of ore grading 0.349 per cent copper and 0.266 grams per tonne of gold. "The high-grade results returned below 540 metres add to the evolving model of a larger and higher grade deposit at depth."
Jason Gigliotti, President of Habanero stated, "The discovery that was made by Imperial was significant. The market is clearly following the developments of Imperial and has created a staking rush to the region. We are pleased to have been able to secure a sizeable contiguous block in this new mining district."
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 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 International Wayside Gold Mines Ltd., the Haldane Silver Prospect in the Yukon, and now this property in the Red Chirs Mining Region of BC.
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.
Habanero Receives Approval for Silver Project in the Yukon
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.
Habanero to Acquire Silver Project in the Yukon
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 43-101 report once completed.
Jason Gigliotti, President of Habanero stated, "This project offers Habanero an opportunity to enter into one of the most prolific silver producing regions in Canada. Silver prices are currently near historic highs and management is optimistic regarding what this prospect may mean for Habanero in the future. "
In order to exercise the option, Habanero shall make the cash payments to Misty Creek, issue common shares to Misty Creek and complete the required exploration expenditures:
Cash Payments: $10,000 on the Closing Date $250,000 on the 4th Anniversary of the Closing Date ("Closing Date" means the date of final acceptance from the Exchange with respect to the Transaction);
Share Payments:
100,000 Habanero shares on the Closing Date
100,000 Habanero shares on 1st Anniversary of the Closing Date
200,000 Habanero shares on 2nd Anniversary of the Closing Date
200,000 Habanero shares on 3rd Anniversary of the Closing Date
1,000,000 Habanero shares on 4th Anniversary of the Closing Date Exploration Expenditures:
Habanero shall complete a cumulative total of $4,000,000 in exploration expenditures over the Option period, according to the following schedule:
$150,000 in exploration expenditures prior to the date that is the 1st Anniversary of Closing;
a further $350,000 in cumulative exploration expenditures prior to the date that is the 2nd Anniversary of Closing;
a further $1,500,000 in cumulative exploration expenditures prior to the date that is the 3rd Anniversary of Closing; and
a further $2,000,000 in cumulative exploration expenditures prior to the date that is the 4th Anniversary of Closing.
Upon completion of the Option, Misty Creek will retain a three percent (3%) NSR on the Property. Habanero can purchase up to two-thirds (2%) of the NSR at any time prior to commercial production by paying Misty Creek $1.5 million for each one-third (1%) of the NSR it purchases.
This option is subject to regulatory approval.
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.
Habanero Receives Final Government Approval on 662,387 Contiguous Acres Prospective for Lithium
Jason Gigliotti, President of Habanero Resources stated, "We have now secured a significant contiguous block of land prospective for lithium Going forward management will evaluate all opportunities to develop, joint venture or sell this prospect. Management believes that the demand for lithium will continue to be strong and this prospect positions Habanero to potentially capture some of this growing market."
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.; and land in the Barkerville Gold Camp of BC bordering International Wayside Gold Mines Ltd.
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.
Habanero Acquires 22,368 Contiguous Acres in Stewart Gold District
Recently, there has been a staking rush in the Stewart region of British Columbia due to Canasia's and Decade Resources Ltd.'s ("Decade") recent discoveries. Management is pleased to acquire a sizable contiguous block bordering Canasia's Clone Prospect. This region has historically been a location of significant discoveries such as Eskay Creek, the Silbak Premier, the Big Missouri, the Silver Coin, the Sulphurets and the Red Mountain deposits.
Jason Gigliotti, President of Habanero stated, "We are pleased to be able to acquire a significant sized block bordering Canasia's Clone Property. Recently, Canasia announced gold values of 12.8m of 44.7g/t. We look forward to commencing operations on this new prospect in the future."
Habanero is a diversified junior company with the following prospects: acreage in the Alberta Oilsands; land in the Yukon, bordering Underworld; applications made to become 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; and land in the Barkerville Gold Camp of BC bordering International Wayside Gold Mines Ltd.
If you would like to be added to Habanero's email updates list, please send an email to 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.