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
"When you think about the data center today, there's constant evolution, The evolution of the data center and the needs of the consumer of technology change, and they change constantly," stated Matt Kalmenson, VP of Sales, Service and Cloud Providers at Veeam Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
Today, we have more data to manage than ever. We also have better algorithms that help us access our data faster. Cloud is the driving force behind many of the data warehouse advancements we have enjoyed in recent years. But what are the best practices for storing data in the cloud for machine learning and data science applications?
Andi Mann, Chief Technology Advocate at Splunk, is an accomplished digital business executive with extensive global expertise as a strategist, technologist, innovator, marketer, and communicator. For over 30 years across five continents, he has built success with Fortune 500 corporations, vendors, governments, and as a leading research analyst and consultant.
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science" is responsible for guiding the technology strategy within Hitachi Vantara for IoT and Analytics. Bill brings a balanced business-technology approach that focuses on business outcomes to drive data, analytics and technology decisions that underpin an organization's digital transformation strategy.
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term.
Headquartered in Plainsboro, NJ, Synametrics Technologies has provided IT professionals and computer systems developers since 1997. Based on the success of their initial product offerings (WinSQL and DeltaCopy), the company continues to create and hone innovative products that help its customers get more from their computer applications, databases and infrastructure. To date, over one million users around the world have chosen Synametrics solutions to help power their accelerated business or per...
DXWorldEXPO LLC announced today that ICOHOLDER named "Media Sponsor" of Miami Blockchain Event by FinTechEXPO. ICOHOLDER gives detailed information and help the community to invest in the trusty projects. Miami Blockchain Event by FinTechEXPO has opened its Call for Papers. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Miami Blockchain Event by FinTechEXPOalso offers sp...
Sanjeev Sharma Joins November 11-13, 2018 @DevOpsSummit at @CloudEXPO New York Faculty. Sanjeev Sharma is an internationally known DevOps and Cloud Transformation thought leader, technology executive, and author. Sanjeev's industry experience includes tenures as CTO, Technical Sales leader, and Cloud Architect leader. As an IBM Distinguished Engineer, Sanjeev is recognized at the highest levels of IBM's core of technical leaders.
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time t...
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things'). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing. IoT is not about the devices, its about the data consumed and generated. The devices are tools, mechanisms, conduits. This paper discusses the considerations when dealing with the...
SYS-CON Events announced today that IoT Global Network has been named “Media Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. The IoT Global Network is a platform where you can connect with industry experts and network across the IoT community to build the successful IoT business of the future.
DXWorldEXPO LLC announced today that Kevin Jackson joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Kevin L. Jackson is a globally recognized cloud computing expert and Founder/Author of the award winning "Cloud Musings" blog. Mr. Jackson has also been recognized as a "Top 100 Cybersecurity Influencer and Brand" by Onalytica (2015), a Huffington Post "Top 100 Cloud Computing Experts on Twitter" (2013) and a "Top 50 C...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.