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HRL Hansa Resources Limited

0.06
0.00 (0.00%)
23 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Hansa Resources Limited TSXV:HRL TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.06 0.06 0.125 0 01:00:00

Hansa Acquires 25 Exploration Claims and Mining Lease in Sweden

29/07/2008 2:00pm

Marketwired Canada


Hansa Resources Ltd. ("Hansa") (TSX VENTURE:HRL)(FRANKFURT:3F2). Jeff Gale,
President, announces closing of a Purchase and Sale Agreement ("the Agreement")
with Mawson Resources Ltd ("Mawson") to purchase 25 exploration claims and 1
mining lease ("the Claims") in Sweden. The portfolio is comprised of 15 gold
projects ("Gold projects") and 11 base metal projects.


Consideration paid to Mawson for Hansa's purchase of the Claims consists of
CDN$250,000 together with 6,000,000 common shares of Hansa with future
production subject to a 2% NSR royalty.


The Gold projects now owned by Hansa represent one the largest property holdings
in the Skellefte gold mining district of northern Sweden with in excess of
28,000 Ha of claims. The Gold projects are centered on the 130 kilometre long
Skellefte "Gold Line", an emerging gold camp with one operating gold mine and
one project in final feasibility. Three advanced gold projects are contained
within the Claims, including Vargbacken where drilling is sufficient to
calculate a NI 43-101 CIM-compliant estimate of an Indicated Resource of 1.2
million tonnes @ 1.44 g/t gold (56.7 Koz of gold) and an Inferred Resource of
0.9 million tonnes @ 1.68 g/t gold (48.1 Koz of gold) at a 0.6 g/t cut off.
Vargbacken is covered by a 25 year mining license granted in October 2003.


The base metal assets now owned by Hansa include properties in the Caledonide
geological province of North Western Sweden and the Vena
copper-cobalt-zinc-silver project in central Sweden located 7 kilometres north
of the Zinkgruvan mine and concentrator.


Mr. Gale comments, "Having worked in Joint Venture with Mawson on these
properties, we know that they hold strong exploration potential. We are pleased
that our relationship with Mawson is strengthened through their shareholding in
Hansa. In conjunction with Hansa's developing Storkullen zinc - gold project,
the Company is taking a lead position in exploration in Sweden."


The qualified person as defined by National Instrument 43-101 is Mark Saxon,
Director and Vice-President of Exploration for Mawson and a member of the
Australasian Institute of Mining and Metallurgy. Mr. Saxon has reviewed and
verified the contents of this release.


Hansa Resources Ltd is TSX Venture Exchange listed mineral exploration engaged
in the acquisition, exploration and development of base and precious metal
properties in Sweden and Angola.


On behalf of the Board,

Jeffrey Gale, President

Forward Looking Statements. This Company press release contains certain
"forward-looking" statements and information relating to the Company that are
based on the beliefs of the Company's management as well as assumptions made by
and information currently available to the Company's management. Such statements
reflect the current risks, uncertainties and assumptions related to certain
factors including, without limitations, competitive factors, general economic
conditions, customer relations, relationships with vendors and strategic
partners, the interest rate environment, governmental regulation and
supervision, seasonality, technological change, changes in industry practices,
and one-time events. Should any one or more of these risks or uncertainties
materialize, or should any underlying assumptions prove incorrect, actual
results may vary materially from those described herein.


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