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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 Completes Core Drilling Program at Storkullen Zinc-Gold Project, Sweden

22/07/2009 1:45pm

Marketwired Canada


Hansa Resources Ltd. ("Hansa") (TSX VENTURE:HRL)(FRANKFURT:3F2) - Mr. Damien
Reynolds, President, announces the completion of a core drilling program at the
Storkullen zinc-gold project in central Sweden. Drilling was designed to test
two strike extensive zones of low resistivity/high chargeability mapped by the
2008 induced polarization (IP) survey (see press release dated July 22, 2008)
and to drill beneath an outcrop of zinc-gold rich massive sulphide discovered by
Swedish prospectors, Harriet Svensson and Siv Wiik during 2007.


The drilling program comprised four diamond drill holes for a total of 495m. Two
holes (STO09-001, STO09-002) were drilled beneath the zinc-gold rich massive
sulphide outcrop, while the two remaining holes (STO09-003, STO09-004) tested
the prospective horizon along strike from the massive sulphide outcrop to the
NNW at distances of 100m and 450m.


STO09-001 intersected high grade massive sulphide mineralization grading greater
than 30% zinc, 18 g/t silver and 0.07 g/t gold over 0.45m approximately 35m
down-dip from the surface mineralization. STO09-002 tested a further 15m below
STO09-001 which returned 0.23m grading 25.8% zinc, 35 g/t silver and 0.8 g/t
gold. Mineralization is hosted within a sequence of migmatite, gneiss and
biotite schist.


STO09-003 did not intersect massive sulphide mineralization. STO09-004 tested an
IP anomaly located about 450m NNW of the massive sulphide outcrop and
intersected a sequence of migmatite and gneiss without the presence of massive
sulphide. A number of samples were taken from the many pyritic units intersected
in all four holes and were assayed for gold. No significant gold values were
reported.


Mr. Reynolds states, "Drilling results indicate that the 2.5m wide massive
sulphide found in outcrop thins at depth and along strike to the north. The low
resistivity/high chargeability features located by the geophysical survey were
intersected in all four holes, but were not related to the massive sulphide
mineralization found in outcrop. Data from the drilling program is now being
interpreted which will allow the Company to determine the future direction at
Storkullen."


The qualified person as defined by National Instrument 43-101 is David
Henstridge, a Fellow of the Australasian Institute of Mining and Metallurgy and
a Member of the Australian Institute of Geoscientists. Mr. Henstridge has
reviewed and verified the contents of this press release.


ABOUT HANSA RESOURCES LTD.

Hansa Resources Limited is a TSX-V and Frankfurt, listed Canadian mineral
exploration company engaged in the acquisition, exploration and development of
base and precious metal properties in Scandinavia. The Company has spread
exploration risk by holding both resource stage gold projects in traditional
mining camps, and being a "first mover" in testing massive sulphide
mineralization discovered in under explored areas. During 2009, Hansa will focus
on drill testing and development of the Storkullen (Zn-Au), Vargbacken (Au),
Middagsberget (Au) and Puolaki (Au) projects.


On behalf of the Board,

Damien Reynolds, President

Forward Looking Statements. This news 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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