Habanero Resources Inc. has now commenced operations on its 100% owned ‘Grande-Vallée North’ Aluminous Clay Prospect. HAO recently (October 7, 2011) acquired the “Grande-Vallée North” Aluminous Clay Prospect consisting of 5,574 contiguous acres. This prospect directly borders to the north Orbite Aluminae Inc.'s 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.”

Jason Gigliotti, President of Habanero Resources stated, “It is great to be underway on the ‘Grande-Vallée North’ Aluminous Clay Prospect. We are optimistic that the clay deposit currently defined by Orbite Aluminae Inc. dose not stop at the edge of their property, and we look forward to getting the work completed to enable HAO to further this prospect. We are also currently awaiting results from our Haldane Silver Prospect in the Yukon and for the results from our Lezai Gold Prospect in Quebec. Company President, Jason Gigliotti, will also be presenting at the Montreal Investment Conference on November 18th and 19th, 2011 at the Hilton Montreal Bonaventure to discuss all of Habanero's current projects, especially the two Quebec projects that are currently underway. Clearly, HAO is in an active period of corporate growth and management is pleased to be out trying to further explain HAO's growth strategy to current and potential individual and institutional shareholders.”

On November 7th, HAO was informed by Equity Exploration Consultants Ltd. in regards to the White Gold Prospect in the Yukon that “the work to date has outlined a 2.5 x 1.0 km multi-element soil anomaly. This low-amplitude anomaly is north-northwest trending. The zone is open to the southwest and more work, including soil sampling, mapping and prospecting is warranted to determine its nature and extent.” This prospect directly borders Kinross’ property that was acquired via a takeover of Underworld Resources. HAO’s property is the closest property to the actual ‘Golden Saddle’ discovery.

Tags: Habanero Resources