As Hana Mining (HMG-V) drives towards building a copper mine at its Ghanzi property in Botswana, the company is still hitting significant grades of copper and silver in the Banana zone.
The latest results from the property come out of eight infill diamond drill holes, and were highlighted by: 1.46% copper and 33 grams silver over 9 metres, within a wider mineralized interval of 0.87% copper and 18 grams silver over 18 metres in-hole; 0.57% copper and 4 grams silver over 20 metres; and 0.51% copper and 9 grams silver over 23 metres.
Those three holes were drilled on the northern limb of the Banana zone, which has demonstrated robust mineralization all along its banana-shaped perimeter.
The latest drill results confirm what previous drilling at the property has indicated: mainly, that the entire Banana zone exhibits continuous copper and silver mineralization over consistent widths.
The company says the latest drilling success will help ensure it achieves its aim of converting a substantial amount of inferred resources in the indicated category.
Hana also updated its progress on other aspects of the project, saying it was establishing the terms of an Environmental Impact Assessment with Botswana’s government.
The company is also working on the metallurgy of the oxide material at Banana, while carrying out regional soil geochemistry at the Baby Banana and Peeled Banana zones.
Ghanzi sits in the centre of the Kalahari copper belt in northwestern Botswana and covers 2,149 sq. km.
The property hosts sediment-hosted copper-silver deposits over a strike length delineated over 70 km.
The project has indicated resources of 37.4 million tonnes grading 0.93% copper and 13.4 grams silver, for 762 million lbs. copper and 16 million oz. silver.
While all of the indicated resources are from the Banana zone, inferred resources of 5.6 billion lbs. copper and 85.4 million oz. silver from 423.9 million tonnes comes from the Banana zone and the Chalcocite zone.
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