Welcome!

News Feed Item

Habanero Diamond Drilling Intersects 20.0% Al2O3 at Grand-Vallee North Aluminous Clay Prospect, Gaspe, Quebec

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/11/13 -- 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


----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                  From        To      Interval              
Target    Drill Hole ID            (m)       (m)           (m)     Al2O3 (%)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
          12GVDH001                 11        55         44.00          15.9
          ------------------------------------------------------------------
#1        including                 43        55         12.00          18.0
          ------------------------------------------------------------------
          12GVDH004                 15        57         42.00          17.4
----------------------------------------------------------------------------
----------------------------------------------------------------------------
#2        12GVDH005                 36        78         42.00          17.0
----------------------------------------------------------------------------
          and                       90        99          9.00          18.4
----------------------------------------------------------------------------
          including                 90        94          4.00          19.9
----------------------------------------------------------------------------
          12GVDH006                 25        73         48.00          16.8
----------------------------------------------------------------------------
          including                 25        37         12.00          18.1
----------------------------------------------------------------------------
----------------------------------------------------------------------------
          12GVDH007                 26        78         52.00          15.7
          ------------------------------------------------------------------
#3        12GVDH008                 68       111         43.00          15.2
          ------------------------------------------------------------------
          including                 72        88         16.00          17.9
----------------------------------------------------------------------------
----------------------------------------------------------------------------

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 [email protected] requesting to be added.

To view maps of these projects please go to http://www.habaneroresources.com.

Habanero Resources Inc.

Jason Gigliotti, President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
Habanero Resources Inc.
Jason Gigliotti
President
604 646 6900
www.habaneroresources.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Every successful software product evolves from an idea to an enterprise system. Notably, the same way is passed by the product owner's company. In his session at 20th Cloud Expo, Oleg Lola, CEO of MobiDev, will provide a generalized overview of the evolution of a software product, the product owner, the needs that arise at various stages of this process, and the value brought by a software development partner to the product owner as a response to these needs.
SYS-CON Events announced today that Enzu will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive ad...
WebRTC services have already permeated corporate communications in the form of videoconferencing solutions. However, WebRTC has the potential of going beyond and catalyzing a new class of services providing more than calls with capabilities such as mass-scale real-time media broadcasting, enriched and augmented video, person-to-machine and machine-to-machine communications. In his session at @ThingsExpo, Luis Lopez, CEO of Kurento, introduced the technologies required for implementing these idea...
Enterprise networks are complex. Moreover, they were designed and deployed to meet a specific set of business requirements at a specific point in time. But, the adoption of cloud services, new business applications and intensifying security policies, among other factors, require IT organizations to continuously deploy configuration changes. Therefore, enterprises are looking for better ways to automate the management of their networks while still leveraging existing capabilities, optimizing perf...
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
The WebRTC Summit New York, to be held June 6-8, 2017, at the Javits Center in New York City, NY, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 20th International Cloud Expo and @ThingsExpo. WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web co...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develop...
While not quite mainstream yet, WebRTC is starting to gain ground with Carriers, Enterprises and Independent Software Vendors (ISV’s) alike. WebRTC makes it easy for developers to add audio and video communications into their applications by using Web browsers as their platform. But like any market, every customer engagement has unique requirements, as well as constraints. And of course, one size does not fit all. In her session at WebRTC Summit, Dr. Natasha Tamaskar, Vice President, Head of C...
The idea behind this session is my blog post - 5 Logstash Alternatives - which is unfortunately too short to do the presented log shippers justice. In his session at @DevOpsSummit at 20th Cloud Expo, Radu Gheorghe, Software Engineer at Sematext Group, will talk more about the things that matter: kinds of buffers, protocols, ways of parsing, correlating and de-duplicating messages, as well as supported inputs and outputs. And of course performance. All this should let you know which log shipper...
"We are an all-flash array storage provider but our focus has been on VM-aware storage specifically for virtualized applications," stated Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Who are you? How do you introduce yourself? Do you use a name, or do you greet a friend by the last four digits of his social security number? Assuming you don’t, why are we content to associate our identity with 10 random digits assigned by our phone company? Identity is an issue that affects everyone, but as individuals we don’t spend a lot of time thinking about it. In his session at @ThingsExpo, Ben Klang, Founder & President of Mojo Lingo, discussed the impact of technology on identity. Sho...
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed ...
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
With all the incredible momentum behind the Internet of Things (IoT) industry, it is easy to forget that not a single CEO wakes up and wonders if “my IoT is broken.” What they wonder is if they are making the right decisions to do all they can to increase revenue, decrease costs, and improve customer experience – effectively the same challenges they have always had in growing their business. The exciting thing about the IoT industry is now these decisions can be better, faster, and smarter. Now ...
"Splunk basically takes machine data and we make it usable, valuable and accessible for everyone. The way that plays in DevOps is - we need to make data-driven decisions to delivering applications," explained Andi Mann, Chief Technology Advocate at Splunk and @DevOpsSummit Conference Chair, in this SYS-CON.tv interview at @DevOpsSummit at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.