Vedanta to exclude base metals business from sweeping demerger
The group said it will consider the base metals business demerger at a later stage.
Hana Mining moved up 4.32% today on positive drill results from its exploration property in Botswana.
The Canadian junior (CVE:HMG) said it encountered some of its best intercepts from 13 drill holes at the Banana Zone of the Ghanzi copper-silver project.
The drill results are the second set of results from a 2011 infill drilling program designed to convert NI 43101-compliant resources from inferred to indicated.
“The results represent probably some the best intersections of copper-silver mineralization yet at the Banana Zone. Not only are we hitting exceptionally high-grades, but we are also getting significant widths of mineralization. I was also pleasantly surprised with the discovery of high-grade copper-silver mineralization at depth as this represents a new mineralized setting which we will continue to investigate,” Hana Mining CEO Marek Kreczmer said in a statement.
The Banana Zone has indicated resources of 762.3 million million pounds of copper and 16.1 million ounces of silver from 37.4 million tonnes of ore, Hana says on its website.
A preliminary economic assessment on the property is expected in the second quarter.
Image of RC drilling by Hana Mining Ltd.
