VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 15, 2011) - Habanero Resources Inc. ("Habanero" or the "Company") (News - Market indicators) (PINK SHEETS:HBNRF) (FRANKFURT:HRJ) wishes to announce that it has substantially increased its land position in the Keno Hill Silver Region of the Yukon through the staking of 289 claims for approximately 14,000 additional acres. This now brings the total for the Haldane Silver Prospect to approximately 21,000 contiguous acres bordering Alexco Resources Corp.'s Bellekeno Property. The Yukon Government's published Minfile database states that between 1913 and 1989, the Keno Hill Silver District produced more than 217 million ounces of silver (5.37 million tons) with average grades of 40.52 oz/ton silver, 5.62% lead and 3.14% zinc, making it the second-largest historical silver producer in Canada.
Habanero has also recently closed a financing for total proceeds of $1,593,900. The majority of the proceeds of this financing will go towards the Haldane and White Gold work programs in the Yukon, as well the Lezai Prospect in Quebec. All three projects are anticipated to commence this summer.
President Jason Gigliotti stated, "We have substantially increased our land position in the Haldane Silver Prospect, which is one of our most highly prospective projects. We have increased the acreage from approximately 7,100 to approximately 21,000 currently. Work is anticipated to commence in the coming weeks on our two Yukon Prospects, the Haldane Silver Prospect and the White Gold Prospect, which is the closest property to the actual White Gold Discovery. Work is also anticipated to commence on the Lezai Prospect in Quebec shortly. This summer will be the most active time in project advancement in many years for Habanero and management is optimistic about the short and long term future growth of the Company."
Habanero is a diversified junior company with the following prospects; the White Gold Prospect in the White Gold Region Yukon, bordering Kinross' Golden Saddle discovery; the Haldane Silver Prospect in the Keno Hill Silver Region of the Yukon bordering Alexco Resources Corp's Bellekeno property; a sizable land holder within the land prospective for lithium in Alberta; and significant acreage in Quebec bordering Beaufield Resources Inc. and holdings in the Alberta Oilsands.
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To view maps of these projects please go to http://www.habaneroresources.com.
Jason Gigliotti, President
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