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HRL Hansa Resources Limited

0.06
0.00 (0.00%)
04 Jun 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 IP Survey at Storkullen High Grade Zinc-Gold Project, Sweden

22/07/2008 2:00pm

Marketwired Canada


Hansa Resources Ltd. ("Hansa") (TSX VENTURE:HRL)(FRANKFURT:3F2) -

Mr Jeff Gale, President, announces completion of a dipole-dipole induced
polarization (IP) survey at the Storkullen zinc project in central Sweden. The
IP survey was undertaken by Geonova Consulting AB using a time domain system and
a 50m dipole-dipole array, centred on the discovery outcrop of massive sulphide
found by Harriet Svensson and Siv Wiik during the 2007 Swedish Mineral Hunt. The
survey consisted of 10 parallel lines at 100m line spacing for a total of 7.9
kms that tested 900m of strike of the prospective horizon.


Storkullen is located in the Jamtland province of central Sweden, approximately
360 kilometres northwest of Stockholm. The exposed bedrock includes a 2.5 metre
wide interval of high grade zinc-rich massive sulphide adjacent to a pyritic and
siliceous felsic gneiss. In addition to the high grade zinc, gold to 23 g/t was
discovered in the adjacent siliceous gneiss, emphasizing the precious metal
potential of the mineralized outcrop and surrounding claims. The massive
sulphide mineralization is open on the southwestern, northwestern and
southeastern contacts, where mineralization passes under thin soil cover. The
Storkullen project has never been drill tested.


Mr Gale states, "The data from this survey is now being interpreted by an
independent geophysical consultant. The results of this interpretation will be
available very soon and we look forward to being able to report on this program
and the next phase of work testing this exciting project."


The qualified person as defined by National Instrument 43-101 is Mark Saxon, 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 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 Statement. 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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