Habanero Resources Inc.: Altered Red Clay Encountered on Grand-Vallée North Clay Prospect in Quebec
November 21 2011 - 2:01AM
Marketwired Canada
Habanero Resources Inc. ("Habanero" or the "Company") (TSX VENTURE:HAO) (PINK
SHEETS:HBNRF) (FRANKFURT:HRJ) wishes to announce that it has been informed by
Apex Geoscience Ltd. that, "Crews have completed the first phase of sampling on
Habanero's Grande-Vallee North Prospect near Murdochville Quebec. Altered red
clay was encountered and the samples have now been sent to ALS Minerals' Val
d'Or Laboratory for major element analysis."
Jason Gigliotti, President of Habanero stated, "We look forward to what the
samples from this new prospect may provide. Not only are we waiting to have the
Grand-Vallee North samples to return, but we also have pending results on the
Lezai Gold Prospect in Quebec and on the Haldane Silver Prospect in the Yukon.
We are optimistic that the results from these prospects may have positive growth
prospects for Habanero in the short and the long term."
Habanero (October 7, 2011) acquired the "Grande-Vallee North" Aluminous Clay
prospect consisting of 5,574 contiguous acres in Quebec. This prospect directly
borders to the north Orbite Aluminae Inc. (ORT-TSX) 6,441-hectare Grande-Vallee
property, the site of an aluminous clay deposit located 32 km northeast of
Murdochville, Quebec. According to Orbite's website, "A NI 43-101 compliant
technical report on the disclosure of information relating to mineral projects
in Canada indicates that the clay deposit at the Grande-Vallee property
contains, conservatively estimating a density of 2 tonnes per cubic metre, 800
million to 1 billion tonnes of "indicated mineral resources" in the first 100
metres depth of the Marin sector alone. The property is strategically located
near several deepwater ports and across the St. Lawrence River from the
province's major aluminum smelters."
Also on November 2, 2011 exploration crews completed a preliminary geologic
reconnaissance of the Lezai Gold Prospect in Quebec. A total of five priority
areas were targeted within claims based on geologic compilation work indicating
favourable geology and gold potential. Crews submitted a total of 100 rock grab
samples comprising both outcrop and glacially transported boulders to ALS
Minerals Val d'Or Laboratory for gold fire assay and multi-element ICP-MS
analysis. Mineralization consisting of silicification and quartz of veining
mafic volcanic rock containing pyrite and lesser chalcopyrite was noted at two
of the five sites examined."
The Lezai Gold Prospect comprises of approximately 55,100 contiguous acres,
which are located approximately 125 kilometres northwest of Chibougamau, Quebec.
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; significant acreage
in Quebec bordering Beaufield Resources Inc.; holdings in the Alberta Oilsands;
and now the Grande-Vallee North aluminous clay prospect near Murdochville
Quebec, bordering Orbite Aluminae Inc.'s deposit.
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.
Work on the Lezai Gold Prospect and Grand-Vallee North Prospect were supervised
by Kristopher J. Raffle, P.Geo (BC) Senior Geologist for APEX Geoscience Ltd. of
Edmonton, AB, who is the qualified person for the project as defined by National
Instrument 43-101. Mr. Raffle has reviewed the portion of the technical content
of this news release as it relates to the Grand-Vallee North Prospect and the
Lezai Gold Prospect.
To view maps of these projects please go to http://www.habaneroresources.com.
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