Hanna Capital Corp. - Jasper Property
04 Mars 2021 - 1:15PM
Hanna Capital Corp. (the “Company”), a publicly traded company
focused on raising capital for exploration mainly in the base metal
and resource sectors. The Company is focused on providing investors
with long-term capital growth by investing in a portfolio of
undervalued companies and assets.
One such asset is the Jasper Property which is
wholly owned by the Company. The property is located in
west-central Vancouver Island, British Columbia, and consists of 4
mineral claims covering 3978 hectares.
Previous work done on the property included soil
and rock sampling, geological mapping, drilling and limited
geophysical work. This work confirmed the presence of lower
Jurassic Bonanza Group, which comprises predominantly tuffaceous
volcanic rocks.
Mineralization discovered in outcrop over a 2.5
by 0.5 km area on the property consists of 15 sulphide zones. The
results include:
- Outcrop sampling
included: zinc: 0.01% to 15.00%, copper: 0.09% to 8.38%, lead:
0.01% to 20.07%, gold: 0.019 g/t to 0.214 g/t and silver: 3.04g/t
to 61.45g/t
- Drilling results showed zinc:
0.146% to 11.570%, copper: 0.011% to 0.871%, lead: 0.003% to
6.330%, gold 0,006g/t to 0,05g/t and silver: 2.50g/t to
61.45g/t
The model given at the time was hydrothermally
remobilized base metal mineralization related to either one of the
following:
- Polymetallic Veins
Ag-Pb-Zn+/-Au.
- Epithermal Au-Ag-Cu High
Sulphidation.
- Cu+/-Ag Quartz Veins.
- Noranda/ Kuroko massive
Cu-Pb-Zn.
- Porphyry Cu-Mo-Au.
Either one of this type of geological settings
may point to geological occurrences conducive to mineralization
worthy of evaluation, by way of a drill program. Considerable
technical re-evaluation is currently underway to take the
geophysical interpretations into consideration. The results will be
released once available.
“The recent surge in copper price is quite
encouraging for the future outlook of the Company. Every major
economy in the world is preparing for an infrastructure boom which
should be favorable for all base metal producers. The Company is
well positioned to fully exploit this potential base metals boom
and to bring value to its shareholders,” said Herb Brugh, President
of the Company. “The Company is looking forward to the results of
the re-evaluation becoming available.”
The Qualified Person for the Jasper Property is
Jacques Houle, B.A.Sc., University of Toronto – Geological
Engineering – Min. Ex. Option P.Eng. since 1989 Association of
Professional Engineers and Geoscientists of B.C.
Corporation contact:
Herb BrughPresident and DirectorTel:
416.945.6630
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward Looking Statements
This news release contains “forward-looking
statements” within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and applicable Canadian
securities legislation. Generally, these forward-looking statements
can be identified by the use of forward-looking terminology such as
“plans”, “anticipated”, “expects” or “does not expect”, “is
expected”, “budget”, “scheduled”, “estimates”, “forecasts”,
“intends”, “anticipates” or “does not anticipate”, or “believes”,
or variations of such words and phrases or state that certain
actions, events or results “may”, “could”, “would”, “might” or
“will be taken”, “occur” or “be achieved”. Hanna is subject to
significant risks and uncertainties which may cause the actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the forward looking statements contained in this
release. Hanna cannot assure investors that actual results will be
consistent with these forward-looking statements and Hanna assumes
no obligation to update or revise the forward-looking statements
contained in this release to reflect actual events or new
circumstances.
Photos accompanying this announcement are available
at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/5e99d604-e00c-480d-88d2-6ef55a5393fd
https://www.globenewswire.com/NewsRoom/AttachmentNg/4c4beb61-be60-44d7-9410-8624adc3b0cf
Hanna Capital (TSXV:HCC)
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