Hana Mining makes acquisition

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Copper and silver exploration and development company Hana Mining has announced that it has approved a proposal to undertake a transaction in which the assets of Hana Mining will be separated into two companies.

Hana Mining will retain the Ghanzi copper/silver project, in Botswana, in which it currently owns 70 percent, with the remaining 30 percent interest under an exclusive right of acquisition from mining company Stellent. All mineral resources discovered to date by Hana Mining are located on the Ghanzi project.

The project is located in the centre of the Kalahari copper belt, in north-western Botswana. The property covers 2 200 km2 and contains sediment-hosted copper/silver deposits. This favourable geology extends over the entire strike length of 600 km.

Editor's Comment
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