Habanero to Acquire Additional Acreage in Quebec
March 02 2011 - 3:01AM
Marketwired
Habanero Resources Inc. ("Habanero") (TSX VENTURE: HAO) (PINK
SHEETS: HBNRF) (FRANKFURT: HRJ) wishes to announce that it has
entered into a option agreement with an arm's length vendor to
acquire approximately 21,400 acres in Quebec. This property is
contiguous to property already held by Habanero (the Lezai Gold
Prospect, announced October 1, 2010). This would now bring
Habanero's contiguous acreage to approximately 46,800 acres
bordering Beaufield Resources Inc.'s (BFD-TSX.V) Tortigny Prospect,
approximately 125 kilometres northwest of Chibougamou, Quebec.
Management is anticipating a work program to commence on this
prospect in the coming months. Terms of the option are $15,000 in
cash and 3 million common shares upon regulatory approval and an
additional 3 million common shares within 15 months of closing the
transaction. Work commitments on this prospect will consist of
$100,000 in the first year and an additional $250,000 in the second
year. A finders' fee may be payable on this transaction. All terms
are subject to TSX Venture Exchange approval.
Habanero will also be attending the PDAC on March 6th and 7th in
booth number 2612. Management welcomes everyone to come speak to
company representatives.
Jason Gigliotti, President states, "Management anticipates an
active second quarter of 2011 for Habanero's work programs. We hope
to have multiple programs in the Yukon and Quebec underway, and
when you take this into account with near historic highs on silver
and gold prices, clearly this is positive time of potential
corporate growth for Habanero."
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; and now significant acreage in Quebec bordering Beaufield
Resources.
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.
To view maps of these projects please go to
http://www.habaneroresources.com.
Jason Gigliotti, President
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Habanero Resources Inc. Jason Gigliotti President 604
646 6900 ir@habaneroresources.com www.habaneroresources.com
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