Habanero Resources Inc.

Habanero Resources Inc.

January 20, 2010 03:01 ET

Habanero Acquires 13,914 Contiguous Acres in Red Chris Region of BC

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 20, 2010) - Habanero Resources Inc. ("Habanero") (TSX VENTURE:HAO)(PINK SHEETS:HBNRF)(FRANKFURT:HRJ) wishes to announce that it has acquired 5631 contiguous hectares (13, 914 acres) in the Red Chris Region in northwest, British Columbia. This new acquisition lies directly south of the recent discovery by Imperial Metals Corporation.

Imperial Metals Corporation's Red Chris copper/gold property in BC has returned significant results including hole RC09-350 which returned 152.5 metres grading 4.12 per cent copper and 8.83 grams per tonne gold starting at a depth of 540.0 metres. (Reported November 9, 2009)

According to the National Post article from November 11, 2009…"Obviously, some spectacular drill results," said Chris Thompson, an analyst at Haywood Securities Inc. The results are part of a program testing deep-level mineralization at Red Chris in the hope of eventually adding an underground mine to the current open-pit plan, which contains minable reserves of 276 tonnes of ore grading 0.349 per cent copper and 0.266 grams per tonne of gold. "The high-grade results returned below 540 metres add to the evolving model of a larger and higher grade deposit at depth."

Jason Gigliotti, President of Habanero stated, "The discovery that was made by Imperial was significant. The market is clearly following the developments of Imperial and has created a staking rush to the region. We are pleased to have been able to secure a sizeable contiguous block in this new mining district."

Habanero is a diversified junior company with the following prospects: acreage in the Alberta Oilsands; land in the Yukon, bordering Underworld; a sizable land holder within the land prospective for lithium in Alberta; two prospects in the Stewart Mining Region of BC, one bordering Canasia Industries Corporation's Clone Prospect and the other in the vicinity of the discovery made by Decade Resources Ltd.; land in the Barkerville Gold Camp of BC bordering International Wayside Gold Mines Ltd., the Haldane Silver Prospect in the Yukon, and now this property in the Red Chirs Mining Region of BC.

If you would like to be added to Habanero's email updates list, please send an email to ir@habaneroresources.com requesting to be added.

Habanero Resources Inc.

Jason Gigliotti, President

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Habanero Resources Inc.
    Jason Gigliotti
    604 646 6900