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21.04.2010
Hana Mining to hold a Conference Call on Wednesday, April 21st to Provide an Update on the Ghanzi Sediment-hosted Copper-Silver Project in Botswana
Hana Mining to hold a Conference Call on Wednesday, April 21st to Provide an Update on the Ghanzi Sediment-hosted Copper-Silver Project in Botswana
April 20, 2010 (Vancouver, British Columbia) Hana Mining Ltd., (“HMG” or the “Company”) - (TSX-V: HMG) (Frankfurt: 4LH) will host a telephone conference call for investors and analysts on Wednesday, April 21st, at 8:30 a.m. PST (11:30 a.m. EST and 5:30 p.m. Wednesday, April 21st in Botswana) to discuss the updated 43-101 compliant resource for the company’s Ghanzi property. Marek Kreczmer, Chief Executive Officer and James A. Sullivan, President of Hana will make a presentation and take questions.
The conference call may be accessed by dialing toll-free 1-877-240-9772 in Canada and the United States, or 1-416-340-8527 in the Toronto area and internationally. The conference call can also be heard in real time at www.hanamining.com. The conference call will be archived for later playback and may be accessed by dialing 1-416-695-5800 or 1-800-408-3053 and entering the pass code 7236242, or via www.hanamining.com. The archived playback will be available until May 5, 2010 11:59 p.m.
About Hana Mining’s Ghanzi Copper-Silver Project in Botswana
The Ghanzi Project is located in the center of the Kalahari copper belt in northwestern Botswana. The Ghanzi property covers 2,169 sq. km., and contains sediment-hosted copper-silver deposits with a demonstrated cumulative tested strike length of 37.6 kilometres. This favourable geology extends over the entire strike length of 600 kilometres Hana Mining released results of it’s first NI 43-101 resource estimate for the Ghanzi Project in June 2009, announcing an inferred resource of 2.0 billion lb of copper and 34.9 million oz of silver from 60.4 million tonnes. This resource estimate is based on a 0.75% Cu cutoff grade, and averages 1.51% Cu and 17.98 g/t Ag. The Banana Zone represents 40.7 million tonnes of this total resource (67%), has been the focus of the Company’s drilling and development efforts for 2009, and will remain the primary focus for 2010.
The Banana Zone exhibits certain areas of high grade Cu and Ag mineralization, particularly in the New Discovery area and the fold nose at the northern end of the zone, which represent an opportunity to locate starter pits and mine initial tonnages at higher than average grades. These higher grade pockets tend to be well within open pit depth parameters and represent opportunities to improve early cash flow and overall returns in development.
The project will benefit from contemplated rail/power infrastructure expansions, along with proximity to local population centers and workforce. A feasibility study is currently underway (funded by the World Bank and the governments of Botswana and Namibia) to support completion of a rail line link that would connect Botswana with the Namibian port of Walvis Bay, on the Atlantic coast. The closest existing railhead (to port) is at Gobabis, in Namibia, approximately 550 km from our property. A planned 600MW expansion of the government-owned Moropule Power Plant continues to advance, with US$825 million project funding secured in May 2009, and key supply contracts awarded. Currently, our project is served by the paved Trans-Kalahari highway, which passes within 15 km of the property.
Hana Mining is focused on demonstrating that the Ghanzi property represents one of Africa’s premier future copper-silver resources.
FOR FURTHER INFORMATION
Contact:
Marek Kreczmer
CEO & Chairman
Hana Mining Ltd.
Tel: (604) 676-0824
Email: info@hanamining.com
Website: www.hanamining.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
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April 20, 2010 (Vancouver, British Columbia) Hana Mining Ltd., (“HMG” or the “Company”) - (TSX-V: HMG) (Frankfurt: 4LH) will host a telephone conference call for investors and analysts on Wednesday, April 21st, at 8:30 a.m. PST (11:30 a.m. EST and 5:30 p.m. Wednesday, April 21st in Botswana) to discuss the updated 43-101 compliant resource for the company’s Ghanzi property. Marek Kreczmer, Chief Executive Officer and James A. Sullivan, President of Hana will make a presentation and take questions.
The conference call may be accessed by dialing toll-free 1-877-240-9772 in Canada and the United States, or 1-416-340-8527 in the Toronto area and internationally. The conference call can also be heard in real time at www.hanamining.com. The conference call will be archived for later playback and may be accessed by dialing 1-416-695-5800 or 1-800-408-3053 and entering the pass code 7236242, or via www.hanamining.com. The archived playback will be available until May 5, 2010 11:59 p.m.
About Hana Mining’s Ghanzi Copper-Silver Project in Botswana
The Ghanzi Project is located in the center of the Kalahari copper belt in northwestern Botswana. The Ghanzi property covers 2,169 sq. km., and contains sediment-hosted copper-silver deposits with a demonstrated cumulative tested strike length of 37.6 kilometres. This favourable geology extends over the entire strike length of 600 kilometres Hana Mining released results of it’s first NI 43-101 resource estimate for the Ghanzi Project in June 2009, announcing an inferred resource of 2.0 billion lb of copper and 34.9 million oz of silver from 60.4 million tonnes. This resource estimate is based on a 0.75% Cu cutoff grade, and averages 1.51% Cu and 17.98 g/t Ag. The Banana Zone represents 40.7 million tonnes of this total resource (67%), has been the focus of the Company’s drilling and development efforts for 2009, and will remain the primary focus for 2010.
The Banana Zone exhibits certain areas of high grade Cu and Ag mineralization, particularly in the New Discovery area and the fold nose at the northern end of the zone, which represent an opportunity to locate starter pits and mine initial tonnages at higher than average grades. These higher grade pockets tend to be well within open pit depth parameters and represent opportunities to improve early cash flow and overall returns in development.
The project will benefit from contemplated rail/power infrastructure expansions, along with proximity to local population centers and workforce. A feasibility study is currently underway (funded by the World Bank and the governments of Botswana and Namibia) to support completion of a rail line link that would connect Botswana with the Namibian port of Walvis Bay, on the Atlantic coast. The closest existing railhead (to port) is at Gobabis, in Namibia, approximately 550 km from our property. A planned 600MW expansion of the government-owned Moropule Power Plant continues to advance, with US$825 million project funding secured in May 2009, and key supply contracts awarded. Currently, our project is served by the paved Trans-Kalahari highway, which passes within 15 km of the property.
Hana Mining is focused on demonstrating that the Ghanzi property represents one of Africa’s premier future copper-silver resources.
FOR FURTHER INFORMATION
Contact:
Marek Kreczmer
CEO & Chairman
Hana Mining Ltd.
Tel: (604) 676-0824
Email: info@hanamining.com
Website: www.hanamining.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA4096391012">http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA4096391012</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.