HomeBase MetalsLarge new copper resource in Botswana

Large new copper resource in Botswana

Hana Mining –
optimistic results
in Botswana
Vancouver, Canada — MININGREVIEW.COM — 10 June 2009 – Canadian-based junior mineral explorer Hana Mining – listed on the Toronto Stock Exchange – says its latest drilling results in Botswana have shown an inferred resource of 2.9 billion pounds of copper and 51.5 million ounces of silver at its Ghantsi copper-silver deposit.

The company announced these results here after completion of an independent National Instrument (NI 43-101) compliant inferred resource estimate for the Ghantsi deposit, which looked at close to 163.5 million tonnes of concentrate. “This resource estimate is based largely on a 15-month drilling programme that included 98 core holes totalling 15 000 m and 50 RC holes totalling 6 600 metres,” the company said in an e-mailed statement.

“We are very pleased with our recent drill results and the results of the resource estimation contained in the report,” said Hana Mining president, Peter Wilson. “Our initial goal has been to reach a resource size of 100 million tonnes and a one-percent copper grade.”

He pointed out that this goal had already been exceeded with multiple target zones still to be drilled on the property, offering further opportunity for resource expansion.

“These results confirm to us that we are on the right track for the discovery of a major new copper district in Botswana,” Wilson said. “Our next goal is to expand this resource to between 200 and 400 million metric tonnes, and we are designing the current exploration programme to achieve this result.”