HANA MINING LTD 
By
October 24, 2011
Hana Mining Ltd. announces the appointment of a highly experienced Technical Manager to play a key role in the development of the Ghanzi Project
Hana Mining Ltd. announces the appointment of a highly experienced Technical Manager to play a key role in the development of the Ghanzi Project
is pleased to announce that it has appointed Mr. Adrian
Hutchings as Technical Manager - Mining of the Ghanzi
Copper-Silver Project. Mr. Hutchings has decades of
experience as a mining engineer in the development and
management of mining projects in southern Africa. Mr.
Hutchings' most recent experience was with Zimplats
Holdings Limited ("Zimplats") where he spent over
10 years, most recently as the Group Consulting Mining
Engineer, and was responsible for the planning, commissioning
and management of Zimplats' open-pit operations and their
four underground mines in Zimbabwe. Prior to working for
Zimplats, Mr. Hutchings spent over 30 years as a mine manager
for Anglo American PLC developing and operating mines in
southern Africa. Mr. Hutchings has considerable experience in
developing and mining discrete and challenging ore bodies in
southern Africa.
Mr. Hutchings will be based in Johannesburg, South Africa where Hana is setting up a technical office to manage the engineering and development of the Ghanzi Project. Mr. Hutchings has been granted 200,000 incentive stock options exercisable at a price of $1.55 per share expiring on October 21, 2016. All securities issued upon exercise of the Options are subject to a hold period expiring four (4) months after the date of grant. The subject Options will vest upon the successful completion of certain project and corporate objectives. The Options are subject to the terms and conditions of the Company's Stock Option Plan.
Hana Mining's new Project Director, Adrian Hutchings, commented as follows:
"I look forward to working closely with the development team at Hana which is developing what could be a world-class copper-silver asset at the Ghanzi Project. The opportunity to build this asset will likely be the crowning achievement in my long career in the mining industry."
Hana Mining's CEO and Chairman, Marek Kreczmer, commented as follows:
"I am extremely pleased that we have been able to assemble such a highly capable technical team which will be based in Johannesburg, South Africa which is only a two-hour flight from the project site and allows our team to employ a hands-on approach at the Ghanzi Project. Already, Mr. Hutchings in collaboration with, Mr. Rob Dey, our Project Director, and Mr. Sas Burgers, our Chief Geologist, has already started work on the development of a standalone mining project at the Banana Zone which we expect to a be highly viable endeavor. I am also comforted by the fact that Mr. Hutchings and Mr. Dey have worked extensively together in the past in developing world-class mining assets in southern Africa."
About Hana Mining's Ghanzi Copper-Silver Project in Botswana:
The Ghanzi Project is located in the center of the Kalahari Copper Belt in northwestern Botswana. The Ghanzi property covers 2,149 square kilometres, and contains sediment-hosted copper-silver deposits with a demonstrated cumulative tested strike length of 70 kilometres. This favorable geology extends over an estimated strike length of 600 kilometres. Hana Mining released results of its most recent NI 43-101 compliant resource estimate for the Ghanzi Project on December 20, 2010, announcing an Indicated mineral resource of 762 million pounds of copper and 16 million ounces of silver from 37.4 million tonnes at a grade of 0.93% copper and 13.4 g/t silver. All of the Indicated resources are from the Banana Zone. There are also Inferred resources of 5.6 billion pounds of copper and 85.4 million ounces of silver from 423.9 million tonnes. This Inferred mineral resource estimate consists of 225.4 million tonnes grading 0.64% Cu and 8.1 g/t Ag in the Banana Zone, 20.7 million tonnes grading 1.23% Cu and 8.7 g/t Ag in Zone 5, 16.7 million tonnes grading 0.86% Cu and 4.0 g/t Ag in Zone 6, and 161.1 million tonnes grading 0.45% Cu and 3.6 g/t Ag in the Chalcocite Zone; all at a cut-off grade of 0.30% Cu.
The Banana Zone exhibits certain areas of higher grade Cu and Ag mineralization, particularly between sections 49700 to 52000 on the North limb and sections 63000 to 71000 on both the North and South limbs, which represent an opportunity to locate starter pits and mine initial tonnages at higher than average grades. These higher grade pockets tend to be well within open pit depth parameters and represent opportunities to improve early cash flow and overall returns in development.
The project will benefit from proposed rail and power infrastructure expansions, along with proximity to local population centers and workforce. A feasibility study is currently underway (funded by the World Bank and the governments of Botswana and Namibia) to support completion of a rail line link that would connect Botswana with the Namibian port of Walvis Bay, on the Atlantic coast. The closest existing railhead to port is at Gobabis, in Namibia, approximately 550 km from our property. Construction has begun on the 600MW expansion of the government-owned Moropule Power Plant, having secured US$825 million project funding in May 2009. The Ghanzi Copper- Silver Project is currently accessed by the paved Trans-Kalahari highway, which passes within 15 km of theproperty.
The Ghanzi property is one of Africa's premier future copper-silver resources.
For Further Information, contact:
Marek Kreczmer
CEO
Hana Mining Ltd.
Tel: (604) 676-0824
Email: info@hanamining.com
Website: www.hanamining.com
Patrick Donnelly
VP - Corporate Development
Hana Mining Ltd.
Tel: (604) 676-0824
Email: patrick@hanamining.com
Website: www.hanamining.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Mr. Hutchings will be based in Johannesburg, South Africa where Hana is setting up a technical office to manage the engineering and development of the Ghanzi Project. Mr. Hutchings has been granted 200,000 incentive stock options exercisable at a price of $1.55 per share expiring on October 21, 2016. All securities issued upon exercise of the Options are subject to a hold period expiring four (4) months after the date of grant. The subject Options will vest upon the successful completion of certain project and corporate objectives. The Options are subject to the terms and conditions of the Company's Stock Option Plan.
Hana Mining's new Project Director, Adrian Hutchings, commented as follows:
"I look forward to working closely with the development team at Hana which is developing what could be a world-class copper-silver asset at the Ghanzi Project. The opportunity to build this asset will likely be the crowning achievement in my long career in the mining industry."
Hana Mining's CEO and Chairman, Marek Kreczmer, commented as follows:
"I am extremely pleased that we have been able to assemble such a highly capable technical team which will be based in Johannesburg, South Africa which is only a two-hour flight from the project site and allows our team to employ a hands-on approach at the Ghanzi Project. Already, Mr. Hutchings in collaboration with, Mr. Rob Dey, our Project Director, and Mr. Sas Burgers, our Chief Geologist, has already started work on the development of a standalone mining project at the Banana Zone which we expect to a be highly viable endeavor. I am also comforted by the fact that Mr. Hutchings and Mr. Dey have worked extensively together in the past in developing world-class mining assets in southern Africa."
About Hana Mining's Ghanzi Copper-Silver Project in Botswana:
The Ghanzi Project is located in the center of the Kalahari Copper Belt in northwestern Botswana. The Ghanzi property covers 2,149 square kilometres, and contains sediment-hosted copper-silver deposits with a demonstrated cumulative tested strike length of 70 kilometres. This favorable geology extends over an estimated strike length of 600 kilometres. Hana Mining released results of its most recent NI 43-101 compliant resource estimate for the Ghanzi Project on December 20, 2010, announcing an Indicated mineral resource of 762 million pounds of copper and 16 million ounces of silver from 37.4 million tonnes at a grade of 0.93% copper and 13.4 g/t silver. All of the Indicated resources are from the Banana Zone. There are also Inferred resources of 5.6 billion pounds of copper and 85.4 million ounces of silver from 423.9 million tonnes. This Inferred mineral resource estimate consists of 225.4 million tonnes grading 0.64% Cu and 8.1 g/t Ag in the Banana Zone, 20.7 million tonnes grading 1.23% Cu and 8.7 g/t Ag in Zone 5, 16.7 million tonnes grading 0.86% Cu and 4.0 g/t Ag in Zone 6, and 161.1 million tonnes grading 0.45% Cu and 3.6 g/t Ag in the Chalcocite Zone; all at a cut-off grade of 0.30% Cu.
The Banana Zone exhibits certain areas of higher grade Cu and Ag mineralization, particularly between sections 49700 to 52000 on the North limb and sections 63000 to 71000 on both the North and South limbs, which represent an opportunity to locate starter pits and mine initial tonnages at higher than average grades. These higher grade pockets tend to be well within open pit depth parameters and represent opportunities to improve early cash flow and overall returns in development.
The project will benefit from proposed rail and power infrastructure expansions, along with proximity to local population centers and workforce. A feasibility study is currently underway (funded by the World Bank and the governments of Botswana and Namibia) to support completion of a rail line link that would connect Botswana with the Namibian port of Walvis Bay, on the Atlantic coast. The closest existing railhead to port is at Gobabis, in Namibia, approximately 550 km from our property. Construction has begun on the 600MW expansion of the government-owned Moropule Power Plant, having secured US$825 million project funding in May 2009. The Ghanzi Copper- Silver Project is currently accessed by the paved Trans-Kalahari highway, which passes within 15 km of theproperty.
The Ghanzi property is one of Africa's premier future copper-silver resources.
For Further Information, contact:
Marek Kreczmer
CEO
Hana Mining Ltd.
Tel: (604) 676-0824
Email: info@hanamining.com
Website: www.hanamining.com
Patrick Donnelly
VP - Corporate Development
Hana Mining Ltd.
Tel: (604) 676-0824
Email: patrick@hanamining.com
Website: www.hanamining.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
News Releases item: Mon Oct 17, 2011, Infill drilling again encounters consistent high-grade copper-silver mineralization along the South Limb of the Banana Zone
