Posts Tagged Habanero

HABANERO RESOURCES INC.: OPERATIONS TO COMMENCE ON WHITE GOLD PROSPECT IN YUKON

Habanero Resources Inc. expects to commence operations in August on its 100-per-cent-owned White Gold prospect in the Yukon. This prospect is directly bordering, and the closest property, to the actual Underworld Resources’s discovery zone (Golden Saddle). Underworld Resources announced grades of 3.94 grams per tonne gold over 59.9 metres and 3.59 g/t gold over 98.3 metres, as well as agreeing to a friendly takeover by Kinross Gold Corp., which was recently consummated.

Jason Gigliotti, president of Habanero, stated: “We are believers that the Yukon holds some of the largest potential out of Habanero’s projects and we plan to investigate multiple avenues to determine what these assets hold. The White Gold region of the Yukon is one of the most active regions this summer, and we plan to be part of this activity.”

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Habanero Resources Begins Work in Yukon

Habanero Resources Inc. has commenced work on its 100-per-cent-owned Yukon gold prospect. Habanero has hired Equity Exploration Consultants Ltd. to oversee the program. Habanero has over 18,000 acres in the region of the White and Yukon Rivers with approximately 13,000 contiguous acres bordering Underworld Resources. Underworld announced significant results returning grades of 3.94 grams per tonne gold over 59.9 metres and 3.59 grams per tonne gold over 98.3 metres.

Jason Gigliotti, president of Habanero Resources, stated: “This is the first work program that Habanero has been involved with in more than two years. It is exciting to get under way on this gold prospect at a time of near all-time-high gold prices. Not only is a work program on our Yukon gold prospect now under way, but we have also been very actively acquiring approximately 650,000 contiguous acres of land prospective for lithium.”

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Habanero Acquires More Land Bordering Underworld Resources

Habanero Resources Inc. has staked an additional 250 quartz claims bordering Underworld Resources Inc. This new land package is approximately 13,000 contiguous acres bordering Underworld Resources. These new claims border the recently announced discovery by Underworld Resources that stated significant results returning grades of 3.94 grams per tonne gold over 59.9 metres and 3.59 grams per tonne gold over 98.3 metres. Including these additional claims, Habanero now has staked 350 claims totalling approximately 18,000 acres. Management is planning to mobilize crews to start a detailed work program on these blocks in the near future. Habanero Claims

Jason Gigliotti, president of Habanero Resources, stated: “This new block of claims is a significant addition to Habanero’s landholdings in the Yukon. We have increased our land position by 250 per cent and this new property is strategically located as it borders the property hosting the recent discovery made by Underworld Resources. Management feels that this area may become a new mining district and believes that having a significant land position may add to potential future growth of the company.”

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Habanero Resources Gets Loan

Habanero Resources Inc. has arranged to borrow from non-arm’s-length lenders and arm’s-length lenders the total amount of $99,000. Habanero has agreed, subject to TSX Venture Exchange acceptance, to pay to the lenders a bonus equal to 20 per cent of the loan. The bonus will be paid by the issuance of 396,000 common shares at a price of five cents per share. The shares will be subject to a four-month hold period from the date of issue.

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HABANERO ACQUIRES TWO BLOCKS OF CLAIMS IN THE YUKON

Habanero Resources Inc. (“Habanero”) (TSX VENTURE:HAO)(PINK SHEETS:HBNRF)(FRANKFURT:HRJ) wishes to announce that it has been notified that 100 quartz claims to date have been registered in Habanero’s name. These specific claims consist of two separate contiguous blocks in Stewart River Area of the Yukon. These claims are in close proximity to the recently announced discovery (May 27, 2009) by Underworld Resources Inc. that stated significant results returning grades of 3.94 g/t Au over 59.9 and 3.59 g/t Au over 98.3 metres. These two blocks consist of approximately 5,200 acres, with one contiguous block consisting of 56 claims and the other contiguous block consisting of 44 claims. Management is planning to mobilize crews to start a detailed work program on these blocks in the near future. Management also anticipates the number of claims secured to date to increase in the future.

Mr. Laurence Stephenson, PEng, “Based on the natural resources map of Canada by Gordey and Ryan, the land Habanero has secured displays similar geological characteristics as the Underworld Resources Inc. discovery that only occur in a few locations displayed on the map.”

Jason Gigliotti, President of Habanero Resources stated, “Management moved quickly on this potential prospect as Underworld’s recent discovery has created significant interest in the mining community. By moving quickly, Habanero has secured one of, if not the single largest land package in the area next to Underworld Resources Inc. We also plan to initiate a work program as soon as possible. Additionally, management is optimistic that additional claims will be secured in the future.”

This release has been reviewed by Laurence Stephenson, PEng, the designated qualified person as defined by NI 43-101.

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

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