By MINING.com Editors,
June 25, 2009 at 11:17 PM
Vancouver, BC -- June 24, 2009 -- Hana Mining Ltd. (TSX-V: HMG) (Frankfurt -- 4LH) (the "Company") is pleased to announce that further to the Company's news release dated June 1, 2009, the independent National Instrument ("NI") 43-101 compliant inferred resource estimate for its Ghanzi Copper-Silver deposit in Botswana has been filed on SEDAR.
The estimate for the global resource is 2.9 billion pounds of copper and 51.5 million ounces of silver from 163.5 million tonnes. The resource is based on a 0.30% Cu cutoff and averages 0.82% Cu and 9.8 g/t Ag. At a cutoff of 0.75% Cu, the resource totals 60.4 million tonnes containing 2.0 billion pounds copper and 34.9 million ounces silver with an average grade of 1.51% Cu and 17.68 g/t Ag. No adjustments have been made for mining recoveries or production yields.
This resource estimate is based largely on a 15 month drilling program that included 98 core holes totaling 15,000 metres and 50 RC holes totaling 6,600 metres. Results of the resource estimate are shown in Table 1, below.
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