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Delayed 15 - 20 min
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Thank you for your interest in Habanero Resources Inc. Habanero is a diversified junior company that is one of the largest landholders in the Yukon bordering Underworld Resources; now has now made applications to become one of the largest land holders within land prospective for lithium in Alberta and has significant acreage in the Alberta Oilsands.
Habanero Receives Approval for Silver Project in the Yukon
The Haldane Silver Prospect located in Yukon Canada. The Haldane Silver Property consists of 99 contiguous quartz mineral claims comprising approximately 1,950 ha. (4,818 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 iswell 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.
Habanero Now Applies for Approximately 650,000 Contiguous Acres of Land Prospective for Lithium
The Government of Alberta has confirmed that Habanero's applications now for 32 contiguous townships (approximately 650,000 acres) prospective for lithium in Alberta, have been received and accepted. According to maps within the Alberta Department of Energy Report by Bachu, Yuan and Brulotte from January 31, 1995, this prospect lies primarily within the South Leduc Formation which has potential for lithium production. A work program is anticipated to commence on this prospect shortly. Once all claims are finalized, Habanero would be one of largest land holders within the area, reported by the Alberta Government Reports, which are prospective for Lithium in Alberta.
Habanero Acquires land bordering Underworld Resources
Habanero Resources Inc. ("Habanero") wishes to announce that it has staked an additional 250 quartz claims bordering Underworld Resources Inc. This new land package is approximately 13,000 contiguous acres bordering Underworld Resources. These new claims border the recently announced discovery (May 27, 2009) by Underworld Resources that stated significant results returning grades of 3.94 g/t Au over 59.9 and 3.59 g/t Au over 98.3 metres. Including these additional claims, Habanero now has staked 350 claims totaling approximately 18,000 acres. Management is planning to mobilize crews to start a detailed work program on these blocks in the near future.
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