GREY:HNMFF - Post by User
Comment by
greener12345on Sep 17, 2010 9:41am
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Post# 17460133
RE: RE: RE: RE: Identifies HG Potential Starter Pi
RE: RE: RE: RE: Identifies HG Potential Starter PiHana Mining* (HMG : TSX-V : $2.55), Net Change: 0.20, % Change: 8.51%, Volume: 1,793,935
Things that make you go hmm...Is it a coincidence that shares of Hana Mining, a Botswana-focused copper story, beganfirming after ASX-listed Discovery Metals, who's Boseto Copper Project is located to the west of Hana’s Ghanzi Copper-Silver
Project in northwestern Botswana, released a positive bankable feasibility study (BFS) at the end of last month? Positive drill
results and higher copper prices have helped Hana shares to new highs. But, the positive BFS on Boseto has definitely buoyed
investor confidence in Hana. Last week, the company released its most recent drilling results from the completion of 59 infill
diamond drill holes from the Banana Zone at its Ghanzi Project. Based on the most recent drilling results, New Discovery is
shaping up to be the site of initial open pit mining for the Banana Zone. These latest results confirm a strike length of almost 2
km between section lines 49,700 to 51,600 on the North Limb at the New Discovery area. Highlights include: High-grade
intercepts of 7.64% Cu and 78.0 g/t Au over 8.48 metres in hole HA-122b-D, 1.91% Cu and 21.0 g/t Au over 23.49 metres in
hole HA-128d-D, 6.70% Cu and 159.0 g/t Ag over 2.5 metres in hole HA-119-D, and 3.40% Cu and 69.0 g/t Ag over 6.00
metres in hole HA-132-D. The entire 64-km strike length of the Banana Zone has now been drilled with assay results pending.
Drilling is progressing as scheduled. Total drilling to date is at approximately 63,000 metres.