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
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, will discuss the importance of WebRTC and how it enables companies to fo...
SYS-CON Events announced today TechTarget has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. TechTarget is the Web’s leading destination for serious technology buyers researching and making enterprise technology decisions. Its extensive global networ...
As machines are increasingly connected to the internet, it’s becoming easier to discover the numerous ways Industrial IoT (IIoT) is helping to shape the business world. This is exactly why we have decided to take a closer look at this pervasive movement and to examine the desire to connect more things! Now if you need a refresher on IIoT and how it is changing the world, take a moment and listen to Greg Gorbach with ARC Advisory Group. Gorbach believes, "IIoT will significantly change the worl...
SYS-CON Events announced today the Docker Meets Kubernetes – Intro into the Kubernetes World, being held June 9, 2016, in conjunction with 18th Cloud Expo | @ThingsExpo, at the Javits Center in New York, NY. Register for 'Docker Meets Kubernetes Workshop' Here! This workshop led by Sebastian Scheele, co-founder of Loodse, introduces participants to Kubernetes (container orchestration). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, participants learn ...
The pace of innovation, vendor lock-in, production sustainability, cost-effectiveness, and managing risk… In his session at 18th Cloud Expo, Dan Choquette, Founder of RackN, will discuss how CIOs are challenged finding the balance of finding the right tools, technology and operational model that serves the business the best. He will discuss how clouds, open source software and infrastructure solutions have benefits but also drawbacks and how workload and operational portability between vendors...
What a difference a year makes. Organizations aren’t just talking about IoT possibilities, it is now baked into their core business strategy. With IoT, billions of devices generating data from different companies on different networks around the globe need to interact. From efficiency to better customer insights to completely new business models, IoT will turn traditional business models upside down. In the new customer-centric age, the key to success is delivering critical services and apps wit...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...
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...
The essence of data analysis involves setting up data pipelines that consist of several operations that are chained together – starting from data collection, data quality checks, data integration, data analysis and data visualization (including the setting up of interaction paths in that visualization). In our opinion, the challenges stem from the technology diversity at each stage of the data pipeline as well as the lack of process around the analysis.
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit y...
Cloud computing changed data analytics for good. It enabled companies to drastically decrease resources and architecture previously assigned with business intelligence departments. It also enabled laymen to run advanced business analytics. Cloud was also the architecture of choice for storing and processing big data. Data piling is a continuous process, which is going to explode with emerging Internet of Things concept. Answer to this issue developers found in new concept called fog computing. ...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo New York Call for Papers is now open.
SYS-CON Events announced today that ContentMX, the marketing technology and services company with a singular mission to increase engagement and drive more conversations for enterprise, channel and SMB technology marketers, has been named “Sponsor & Exhibitor Lounge Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York. “CloudExpo is a great opportunity to start a conversation with new prospects, but what happens after the...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, will provide an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life ...
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will discuss the vast to...