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Cours Or & Argent

Huakan International Mining Inc

Publié le 27 février 2011

Huakan Drills 5.50 metres grading 7.0 g/t Au, 57.02 g/t Ag, 1.70% Pb and 6.26% Zn at J&L

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Huakan Drills 5.50 metres grading 7.0 g/t Au, 57.02 g/t Ag, 1.70% Pb and 6.26% Zn at J&L  

 

February 22, 2011 � Vancouver, British Columbia. Huakan International Mining Inc. (TSX-V: HK) (the �Company�) releases results for eight holes of an underground drilling program on its 100% owned gold-silver-lead-zinc J&L property, located near Revelstoke, B.C. The Company has now completed the Phase I drill program with 60 holes in 7,897 metres. Results for holes MM10-01 to MM10-18 were released on January 13th (News Release 11-01) and January 19th (News Release 11-02); assays for the remaining 36 holes are expected in March. The program is aimed at verifying the historic drilling and expanding the limits of the Main Zone mineralization, in order to complete a National Instrument 43-101 resource estimate in the spring of 2011. 

 

The Phase 1 drill program consistently intercepted Main Zone type mineralization of alternating bands of massive sulphide mineralization, stringer sulphide mineralization, and lesser mineralized sections hosted in phyllite and limestone. Latest results include: 5.50 metres (true thickness estimated) grading 7.00 g/t Au, 57.02 g/t Ag, 1.70% Pb and 6.26% Zn; 4.94 metres (true thickness estimated) grading 4.79 g/t Au, 53.42 g/t Ag, 2.14% Pb and 4.45% Zn; and 16.70 metres (true thickness estimated) grading 3.61 g/t Au, 37.22 g/t Ag, 0.98% Pb and 0.65% Zn.  Highlights from holes MM10-19 to MM10-26 are tabled below.

 

Highlights

Hole ID

From (m)

To

(m)

Length (m)

Est. True Thickness (m)

Au

(g/t)

Ag

(g/t)

Pb

(%)

Zn

(%)

MM10-19

83.58

84.58

1.00

0.98

14.15

118.05

3.55

4.35

MM10-20

107.43

108.77

1.34

0.71

0.13

63.64

4.09

10.93

 

119.29

150.80

31.51

16.70

3.61

37.22

0.98

0.65

including

119.29

124.32

5.03

2.67

4.88

72.31

4.16

2.60

including

125.07

134.09

9.02

4.78

2.87

18.53

0.12

0.01

including

140.98

150.80

9.82

5.20

6.05

59.81

0.86

0.72

MM10-21

84.45

87.48

3.03

2.88

7.26

63.49

1.11

1.24

MM10-22

121.45

132.45

11.00

5.50

7.00

57.02

1.70

6.26

including

121.45

122.25

0.80

0.40

13.25

76.81

3.10

3.39

including

126.45

132.45

6.00

3.00

10.95

93.13

2.67

11.02

MM10-23

163.75

165.82

2.07

1.04

10.67

32.92

1.15

1.19

 

171.67

176.17

4.50

2.25

7.01

136.67

4.67

5.61

MM10-24

77.29

81.33

4.04

3.18

3.29

54.07

2.01

3.50

MM10-25

96.00

109.25

13.25

9.37

3.23

23.68

0.98

2.15

including

96.00

96.50

0.50

0.35

8.83

82.40

3.95

2.70

including

99.50

101.90

2.40

1.70

6.34

42.81

2.45

7.75

including

103.60

109.25

5.65

4.00

3.91

28.56

0.85

1.41

MM10-26

150.33

162.96

12.63

4.94

4.79

53.42

2.14

4.45

including

150.33

151.84

1.51

0.59

11.73

28.18

1.31

10.11

including

158.03

162.96

4.93

1.93

6.91

123.01

5.01

8.23


 

The J&L property is one of the largest undeveloped polymetallic deposits in British Columbia. The 2,325 hectare property hosts the significant precious metal and polymetallic Main Zone deposit. The Main Zone is a stratiform, structurally deformed massive sulphide deposit. Surface exploration has traced the Main Zone for 3 kilometres and historic drilling has identified the Main Zone for 1.4 kilometres in strike length and a down dip extent of 800 metres. The Main Zone averages 2.5 metres thick. A high density drill pattern (approx. 30 m drill centers) defines the Main Zone on longitudinal section over an area of 800 metres long by 200 metres down dip. The deposit is open along strike and both up dip and down dip.

 

For the holes reported in this release, holes MM10-20, 22, 23 and 26 extend the Main Zone down dip over a longitudinal surface area of 140 metres by 50 metres. Holes MM10-19, 21, 25 and 25 were drilled approximately 320 metres to the southeast and over a longitudinal surface area of 120 metres by 140 metres

 

The Phase 1 drill program was under the supervision of Paul Cowley, P.Geo., the Company�s Qualified Person and VP Exploration. BQTW-sized core samples have been cut in half and sent to Eco Tech Laboratory Ltd. (Stewart Group) in Kamloops, BC. Samples are assayed for gold by fire assay (50 gram charge) as well as assayed for silver, lead and zinc. The Company inserted standards, blanks and duplicate samples throughout the sample sequence as quality control checks.

 

Assays on the remaining drill holes are pending.

 

For further information please contact:

Paul Cowley, P.Geo. or Jeffrey Ren, Chief Financial Officer, at (604) 694-2344

 

 

Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

CAUTIONARY STATEMENTS REGARDING FORWARD LOOKING INFORMATION

 

Certain of the statements made and information contained herein may contain forward-looking statements or forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or forward-looking information include, but are not limited to, statements concerning: the results of the Company�s drill program at the J&L project and the Company�s exploration plans.    Forward-looking statements or information include statements regarding the expectations and beliefs of management. Often, but not always, forward-looking statements and forward-looking information can be identified by the use of words such as �plans�, �expects�, �is expected�, �budget�, �scheduled�, �estimates�, �forecasts�, �intends�, �anticipates�, or �believes&r! dquo; or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results �may�, �could�, �would�, �might� or �will� be taken, occur or be achieved. Forward-looking statements or information include, but are not limited to, statements or information with respect to known or unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. 

 

Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks and uncertainties relating to: completion of announced transactions, history of losses; requirements for additional capital; dilution; loss of its material properties; interest rates increase; global economy; limited history of production; speculative nature of exploration activities; periodic interruptions to exploration, development and mining activities; environmental hazards and liability; industrial accidents; failure of processing and mining equipment; labour disputes; supply problems; commodity price fluctuations; uncertainty of production and cost estimates; the interpretation of drill results and the estimation of mineral resources and reserves; lega! l and regulatory proceedings and community actions; title matters; regulatory restrictions; permitting and licensing; volatility of the market price of common shares; insurance; competition; hedging activities; currency fluctuations; and loss of key employees. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. The Company disclaims any intent or obligation to update forward-looking statements or information except as required by law, and you are referred to the full discussion of the Company�s business contained in the Company�s reports filed with the securities regulatory authorities in Canada.

http://www.huakanmining.com/cwnfn_mailGen/dummy_img?action=unsubscribe&id_schedule=71&mail=newsrelease@24hgold.com&code=e6445bbcc3924ca48fa9d803f617b6c5

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Huakan International Mining Inc

PRODUCTEUR
CODE : HK.V
ISIN : CA 58988R1047
CUSIP : 58988R104
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Huakan International est une société de production minière de nickel et de zinc basée au Canada.

Huakan International est productrice de nickel, de zinc, d'or au Canada, en développement de projets d'argent, de cuivre, d'or, de plomb et de zinc au Canada, et détient divers projets d'exploration au Canada.

Son principal projet en production est BOUNDARY - CARAMELIA au Canada, ses principaux projets en développement sont GREENWOOD - LEXINGTON GRENOBLE, GREENWOOD - LONE STAR, GREENWOOD - GOLDEN CROWN, J & L et J & L - YELLOW JACKET au Canada et ses principaux projets en exploration sont WELBAR, BOUNDARY - MIDWAY, BOUNDARY - OLD NICK, PROMISE et MYRTLE-PROSERPINE au Canada.

Huakan International est cotée au Canada. Sa capitalisation boursière aujourd'hui est 23,8 millions CA$ (24,4 millions US$, 17,6 millions €).

La valeur de son action a atteint son plus bas niveau récent le 18 septembre 2009 à 0,01 CA$, et son plus haut niveau récent le 21 mai 2010 à 1,65 CA$.

Huakan International possède 32 582 000 actions en circulation.

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Financements de Huakan International Mining Inc
15/09/2011Arranges Non-brokered Private Placement Up to $5,000,000
01/12/2010closes private placement of $3,000,500
09/08/2010Cancels Private Placement
29/06/2010Closes Second Tranche of $15.5 million Private Placement
25/06/2010Announces Update to Non-Brokered Private Placement
07/05/2008Closes First Tranche of Private Placement...
18/04/2008Closes Final Tranche of Flow-Through Private Placement
12/03/2008Reports First Closing of Flow-Through Private Placement
26/02/2008Arranges $3.5 Million Flow-Through Private Placement
Attributions d'options de Huakan International Mining Inc
15/10/2012Engages TMX Equicom for Investor Relations Services
Nominations de Huakan International Mining Inc
25/04/2013Appoints David Bo to Its Board of Directors
24/08/2011Appoints New CEO and VP Acquisitions and Extends Closing Dat...
30/06/2010reports on AGM and appoints Chairman
22/12/2009Appoints New Director
Projets de Huakan International Mining Inc
24/04/2012Receives Positive Preliminary Economic Assessment for its J&...
12/09/2011Extends Closing Date Of Sale of Greenwood Gold Project Asset...
13/05/2011(Myrtle-proserpine)Sells Myrtle-Proserpine and Promise Properties
13/05/2011(Promise)Sells Myrtle-Proserpine and Promise Properties
29/03/2011(Greenwood - Lone Star)Announces Sale of Greenwood Gold Project Assets
29/03/2011(Greenwood - Golden Crown)Announces Sale of Greenwood Gold Project Assets
29/03/2011(Greenwood - Lexington Grenoble)Announces Sale of Greenwood Gold Project Assets
25/03/2011(J & L)Drills 11.07 Metres Grading 5.25 g/t Au, 31.55 g/t Ag, 0.80%...
27/02/2011(J & L)Huakan Drills 5.50 metres grading 7.0 g/t Au, 57.02 g/t Ag, ...
11/08/2010(J & L)completes 100% acquisition of J&L Property
02/06/2008(Greenwood - Lone Star)Greenwood Mill Reaches Commercial Production
09/05/2008(Greenwood - Lone Star)Receives Mine and Mill Operating Permits
23/04/2008(Greenwood - Lone Star)Continues to Expand the Lexington-Grenoble Deposit
04/03/2008(Greenwood - Lone Star) Commissions its Greenwood Gold Project Mill
28/02/2008(Greenwood - Lexington Grenoble) Reports 6.1 Metre Intercept Grading 50.62 gpt Au from Golde...
Communiqués de Presse de Huakan International Mining Inc
08/10/2013. Announces Entering into Forbearance Agreement in Respect o...
19/08/2013. Initiates Legal Action to Enforce Security in Respect of t...
31/07/2013. Intends to Enforce Security in Respect of the Greenwood Go...
11/06/2013. Reports on Default of Purchasers Under the Amended and Res...
11/06/2013. Reports on Default of Purchasers Under the Amended and Res...
11/06/2013. Reports on Default of Purchasers Under the Amended and Res...
18/02/2013. Provides Update on the Net Smelter Returns Royalty Buyout ...
17/01/2013. Provides Update on J&L Metallurgical Testwork
09/01/2013. Receives $530,000 Relating to the Net Smelter Returns Roya...
06/11/2012. Announces Additional Amendments to the Agreement Relating ...
09/10/2012. Announces an Amendment to the Agreement Relating to the Ne...
26/09/2012. Grants Stock Options
18/09/2012.: Updated Mineral Resource Doubles Indicated Tonnes on Main...
03/12/2011Closes Sale of Greenwood Gold Assets And Serves Notice of Re...
16/06/2011. Extends Closing Date of Sale of Greenwood Gold Project Ass...
07/06/2011(Myrtle-proserpine)Closes the Sale of its Myrtle-Proserpine, Promise Propertie...
25/05/2010NR 10-06
12/05/2010Makes J&L Option Payment
23/12/2009Signs Memorandum of Understanding
22/12/2009Director Ronald MacArthur Passes Away
03/12/2009Shares for Debt Proposal to Debentureholders Rejected
20/10/2009Shares for Debt Proposal to Debentureholders Rejected
11/09/2009to Consolidate its Shares
17/02/2009granted extension for filing proposal under the BIA
02/01/2009NR 09-01
05/12/2008temporary layoff notices to its employees at its Greenwood G...
04/12/2008Files Notice of Intention to Make a Proposal Under the Bankr...
02/10/2008Arranges Convertible Debenture of Up to $5.0 Million
18/08/2008expects positive cash flow by late 2008
15/08/2008Announces Final Closing of Convertible Debentures
22/07/2008Reports on First Closing of Convertible Debenture Offering
25/06/2008arranges Convertible Debenture
12/05/2008and Osoyoos Indian Band Sign Landmark Impacts and Benefits A...
09/05/2008. is Not a Delinquent Filer
01/04/2008Reports Drill Results from J&L Property
19/02/2008Merit Mining Signs Concentrate Off-Take Agreement with Glenc...
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