Habanero Diamond Drilling Intersects 20.0% Al2O3 at Grand-Vallee North Aluminous Clay Prospect, Gaspe, Quebec
January 11 2013 - 2:01AM
Marketwired Canada
Habanero Resources Inc. ("Habanero") (TSX
VENTURE:HAO)(PINKSHEETS:HBNRF)(FRANKFURT:HRJ) -
The Company is pleased to announce results from the 2012 diamond drill program
on its Grand-Vallee North Aluminous Clay Prospect (the "Property"), Gaspe,
Quebec. During November 2012, Habanero completed nine (9) inclined diamond drill
holes totalling 801 metres that tested priority aluminum in soil geochemical
anomalies defined by Habanero's summer-fall 2012 exploration programs.
Drill hole 12GVDH001 intersected a near surface zone of Al2O3 (Aluminum-Oxide)
at a depth of 11 metres that returned values of 18.0% Al2O3 over 12 metres
(Table 1). Drill hole 12GVDH004, a 50 metre south step-back, intersected the
same zone and returned 17.4% Al2O3 over 42 metres. Based on the results of
drilling, a 60 metre wide (apparent width), east-northeast oriented zone of
Al2O3 mineralization lies beneath 13 metres of lower grade mudstone. Outcrop
bedding measurements suggest the zone dips moderately to the south, which is
supported by the distribution of Al2O3 values within the drill holes. The zone
is open along strike to the east and west, and to the north where it is
interpreted to reach surface.
Table 1: Grand-Vallee North Selected Diamond Drill Results
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From To Interval
Target Drill Hole ID (m) (m) (m) Al2O3 (%)
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12GVDH001 11 55 44.00 15.9
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#1 including 43 55 12.00 18.0
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12GVDH004 15 57 42.00 17.4
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#2 12GVDH005 36 78 42.00 17.0
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and 90 99 9.00 18.4
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including 90 94 4.00 19.9
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12GVDH006 25 73 48.00 16.8
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including 25 37 12.00 18.1
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12GVDH007 26 78 52.00 15.7
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#3 12GVDH008 68 111 43.00 15.2
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including 72 88 16.00 17.9
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Drill holes 12GVDH005 and 12GVDH006 tested a 40 metre zone of red claystone
outcrop exposed within a creek bed (Target #2). Drill hole 12GVDH005 intersected
a 42 metre wide zone returning 17.0% Al2O3, from a depth of 36 metres; and a
second zone at a depth of 90 metres returning 18.4% Al2O3 over 9 metres. The
drill hole terminated directly in highest mineralization of the drill program.
Drill hole 12GVDH006 tested the same zone 30 metres to the east along its
inferred trend and returned values of 16.8% Al2O3 over 48 metres; including
18.1% Al2O3 over 12 metres. Drilling of Target #2 indicates that in addition to
broad zone of near surface mineralization such as those encountered at Target
#1, aluminous claystone exposures at the Grand-Vallee North Prospect are
persistent in the subsurface along strike and that multiple parallel zones may
be present.
Drill holes 12GVDH007 and 12GVDH008 were spaced 1 kilometre apart and
selectively tested an east-northeast trending aluminum in soil geochemical
anomaly (Target #3). At a depth of 26 metres, drill hole 12GVDH007 intersected a
broad zone of mineralization that returned 15.7% Al2O3 over 52 metres. Drill
hole 12GVDH008 returned values of 15.2% Al2O3 over 43 metres; including 16
metres at 17.9% Al2O3 and values of up to 18.9% Al2O3 over 4 metres. The hole
again terminated in mineralization that graded near the highest levels of the
hole, at a depth of 111 metres. The orientation of this mineralized zone is not
known and additional drilling is warranted to determine the potential for near
surface mineralization along section.
The 2012 Grand-Vallee North diamond drill program resulted in the discovery of
three new zones of Al2O3 mineralization within the Property. The three zones are
open in both directions along their inferred east-northeast trend. Importantly,
diamond drilling has established a high correlation between aluminum in soil
geochemical anomalies and drilled intersected mineralization. Numerous soil
geochemical anomalies are present within the Grand-Vallee North claims and in
light of 2012 diamond drill results additional infill soil sampling, ground
geophysical surveys, and further diamond drill testing is warranted.
Jason Gigliotti, President of Habanero Resources states, "We are pleased with
the initial results achieved on this prospect. Considering two of the first
targets terminated at the higher levels of the holes, we clearly need to follow
up to deepen those targets as well as follow up on the remainder of the priority
targets within this large prospect. Management is currently formulating a plan
for the next phase of operations and anticipates mobilizing the next phase
shortly."
Work on the Grand-Vallee North Prospect is 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 provided and reviewed all of the technical content of this news
release as it relates to the Gaspe Bay Aluminous Clay/Rare Earth Prospect. Drill
core from the 2012 diamond drill program was split using a mechanical core
splitter. A total of 361 split drill core samples were submitted for X-Ray
Fluorescence (XRF) analysis to ALS Minerals, North Vancouver, BC for analysis. A
quality assurance/quality control (QA/QC) program is in place, with the
insertion of standard and blank samples into the sample stream to confirm the
accuracy of the reported results.
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; the Lezai
Multi-Element Prospect located approximately 100 km north of Chibougamau Quebec;
and the Grande-Vallee North Aluminous Clay Prospect consisting of approximately
7,400 hectares (18,285 acres) 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.
To view maps of these projects please go to http://www.habaneroresources.com.
Habanero Resources Inc.
Jason Gigliotti, President
FOR FURTHER INFORMATION PLEASE CONTACT:
Habanero Resources Inc.
Jason Gigliotti
President
604 646 6900
www.habaneroresources.com
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