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Hastings resources Corp.
TSX-V HAS.V 0,03 CA$ -58,33%
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Drilling Program Update – Swan Property, British Columbia

Publié le 06 mai 2008

 

HASTINGS RESOURCES CORP.

 

FOR IMMEDIATE RELEASE

 

Tuesday, May 6, 2008

(No. 2008-05-04)

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Contact:????? Investor Relations???????????????????????????????????????????????????????????????????????????????????????????????????????????????

????????????????? Phone (604) 684-2181

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Drilling Program Update ? Swan Property, British Columbia

 

Vancouver, B.C. ? May 6, 2008 ? Hastings Resources Corp. (TSX Venture: HAS) (?Hastings? or the ?Company?) is pleased to announce that the Company has completed the review process with regard to its proposed drilling program at the Swan property, Atlin Mining Division, British Columbia. The project supervisor, N.C. Aspinall, P.Eng., met with all interested parties in the region and filed the necessary documentation and bonding with the appropriate provincial government agencies. Approval to commence work was granted on May 2, 2008 and mobilization will commence immediately. It is anticipated that drilling will commence on or about May 7. A program of 1000 meters of core drilling in 5 holes is planned and a contract has been signed with Kluane Drilling Ltd of Whitehorse, Yukon.

 

The Swan property is a porphyry-type, molybdenum ? tungsten prospect which was discovered in the early 1970?s and saw limited, preliminary exploration at that time. Data from the early exploration was integrated with recent geological mapping and extensive geochemical surveys to select several prospective targets. The prospect is largely overburden covered but sampling of mineralized sub-crop and extensive boulder fields has averaged 0.09% Mo. The 1970?s exploration did not recognize the presence of tungsten minerals which appear to be a significant part of the mineralized system with values up to 0.4% W having been returned from recent sampling. The purpose of the current program is to test the porphyry system in a preliminary manner and based on the results of this work, the Company will determine how best to proceed with its further evaluation.

 

The Swan property is located roughly equidistant from the Adanac Molybdenum Corporation?s Ruby Creek molybdenum deposit, the Largo Resources? Logtung tungsten-molybdenum deposit and the Columbia Yukon Explorations? Storie molybdenum deposit, all of which are at the advanced definition drilling or feasibility stage.

 

The Company?s exploration programs are supervised by James M. Dawson, P.Eng., a Consulting Geologist and a Qualified Person as defined by National Instrument 43-101.?

 

Mr. Jim Dawson has supervised the preparation of the scientific and technical information that forms the basis of this news release.

 

ON BEHALF OF THE BOARD OF DIRECTORS
HASTINGS RESOURCES CORP.

 

?PEEYUSH VARSHNEY?

PEEYUSH VARSHNEY

DIRECTOR

 

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