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 IntervalTarget 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--------------------------------------------------------------------------------------------------------------------------------------------------------
