Habanero Increases Land Position in Quebec

Source: www.gulfoilandgas.com 12/9/2010, Location: North America

Habanero Resources Inc. wishes to announce that it has acquired approximately an additional 20,000 acres via Gestim bordering Beaufield Resources Inc.'s Tortigny Prospect, approximately 125 kilometres northwest of Chibougamou, Quebec. This brings the total acreage for Habanero to approximately 25,406 contiguous acres.

Jason Gigliotti, President of Habanero Resources stated, "Management feels that this region of Quebec is one that will continue to attract market attention as additional drilling continues. The board is optimistic about what this prospect may provide Habanero's corporate growth in the future. Habanero has increased its land holdings by over four hundred percent on this prospect and is one of the largest land holders in the region. 2011 is shaping up to be a very busy year for Habanero as we anticipate being active on multiple drill fronts including the Yukon and Quebec."

Habanero is a diversified junior company with the following prospects: acreage in the Alberta Oilsands; land in the Yukon, bordering Underworld; the Haldane Silver Prospect in the Yukon; a sizable land holder within the land prospective for lithium in Alberta; property in the Red Chris Mining Region of BC near Imperial Metals Corp and significant acreage in Quebec bordering Beaufield Resources.


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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