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Altered red clay encountered on Grand-Vallée North Clay prospect in Quebec


Published Nov 24, 2011
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Habanero Resources

Habanero Resources Inc. has been informed by Apex Geoscience Ltd. that, "Crews have completed the first phase of sampling on Habanero's Grande-Vallée North Prospect near Murdochville Quebec. Altered red clay was encountered and the samples have now been sent to ALS Minerals’ Val d’Or Laboratory for major element analysis."

Jason Gigliotti, President of Habanero stated, "We look forward to what the samples from this new prospect may provide. Not only are we waiting to have the Grand-Vallée North samples to return, but we also have pending results on the Lezai Gold Prospect in Quebec and on the Haldane Silver Prospect in the Yukon. We are optimistic that the results from these prospects may have positive growth prospects for Habanero in the short and the long term."

Habanero (October 7, 2011) acquired the "Grande-Vallée North" Aluminous Clay prospect consisting of 5,574 contiguous acres in Quebec. This prospect directly borders to the north Orbite Aluminae Inc. 6,441-hectare Grande-Vallée property, the site of an aluminous clay deposit located 32 km northeast of Murdochville, Québec. According to Orbite’s website, "A NI 43-101 compliant technical report on the disclosure of information relating to mineral projects in Canada indicates that the clay deposit at the Grande-Vallée property contains, conservatively estimating a density of 2 tonnes per cubic metre, 800 million to 1 billion tonnes of "indicated mineral resources" in the first 100 metres depth of the Marin sector alone. The property is strategically located near several deepwater ports and across the St. Lawrence River from the province’s major aluminum smelters."

Tags: Habanero Resources




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