Habanero Resources Inc. Increases Land Position in the Yukon
June 15 2011 - 3:01AM
Marketwired
Habanero Resources Inc. ("Habanero" or the "Company") (TSX VENTURE:
HAO) (PINK SHEETS: HBNRF) (FRANKFURT: HRJ) wishes to announce that
it has substantially increased its land position in the Keno Hill
Silver Region of the Yukon through the staking of 289 claims for
approximately 14,000 additional acres. This now brings the total
for the Haldane Silver Prospect to approximately 21,000 contiguous
acres bordering Alexco Resources Corp.'s Bellekeno Property. The
Yukon Government's published Minfile database states that between
1913 and 1989, the Keno Hill Silver District produced more than 217
million ounces of silver (5.37 million tons) with average grades of
40.52 oz/ton silver, 5.62% lead and 3.14% zinc, making it the
second-largest historical silver producer in Canada.
Habanero has also recently closed a financing for total proceeds
of $1,593,900. The majority of the proceeds of this financing will
go towards the Haldane and White Gold work programs in the Yukon,
as well the Lezai Prospect in Quebec. All three projects are
anticipated to commence this summer.
President Jason Gigliotti stated, "We have substantially
increased our land position in the Haldane Silver Prospect, which
is one of our most highly prospective projects. We have increased
the acreage from approximately 7,100 to approximately 21,000
currently. Work is anticipated to commence in the coming weeks on
our two Yukon Prospects, the Haldane Silver Prospect and the White
Gold Prospect, which is the closest property to the actual White
Gold Discovery. Work is also anticipated to commence on the Lezai
Prospect in Quebec shortly. This summer will be the most active
time in project advancement in many years for Habanero and
management is optimistic about the short and long term future
growth of the Company."
Habanero is a diversified junior company with the following
prospects; the White Gold Prospect in the White Gold Region Yukon,
bordering Kinross' Golden Saddle discovery; the Haldane Silver
Prospect in the Keno Hill Silver Region of the Yukon bordering
Alexco Resources Corp's Bellekeno property; a sizable land holder
within the land prospective for lithium in Alberta; and significant
acreage in Quebec bordering Beaufield Resources Inc. and holdings
in the Alberta Oilsands.
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
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