Junior explorer Hana Mining‘s (HMG-V) shares jumped 15% to 34.5¢ apiece on news of drill results from its sediment-hosted Ghanzi copper-silver project in Botswana.
Nine diamond drill holes were completed along the north limb of the deposit’s banana zone. Eight of the holes intersected copper-silver mineralization and extended the strike length along the north limb by an additional 800 meters.
In total, drilling has delineated mineralization along a strike length totalling 3,000 meters.
Drill highlights include Hole 75, which intersected 1.47% copper and 36.5 grams silver per tonne over 10 metres and 3.07% copper and 75.9 grams silver over 3 metres.
Hole 79 cut 18 metres grading 0.44% copper and 5.1 grams silver, while Hole 80 returned 6 metres grading 0.70% copper and 8.8 grams silver.
Intercepts are intersection length, the company said, and are estimated to be 80% or more of true width.
The north and south limbs of the banana zone are each 30 km long. So far Hana has tested 9.1 km of the north limb and 4.8 km of the south limb. All mineralization is open along strike and down dip. A total of 46 km remain untested at the banana zone.
The Vancouver-based company has the right to acquire a 70% controlling interest in the Ghanzi project.
The property consists of five licence blocks covering 2,200 sq km.
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