Hansa Completes IP Survey at Storkullen High Grade Zinc-Gold Project, Sweden
VANCOUVER, BRITISH COLUMBIA–(Marketwire – July 22, 2008) – Hansa Resources Ltd. (“Hansa”) (TSX VENTURE:HRL)(FRANKFURT:3F2) –
Mr Jeff Gale, President, announces completion of a dipole-dipole induced polarization (IP) survey at the Storkullen zinc project in central Sweden. The IP survey was undertaken by Geonova Consulting AB using a time domain system and a 50m dipole-dipole array, centred on the discovery outcrop of massive sulphide found by Harriet Svensson and Siv Wiik during the 2007 Swedish Mineral Hunt. The survey consisted of 10 parallel lines at 100m line spacing for a total of 7.9 kms that tested 900m of strike of the prospective horizon.
Storkullen is located in the Jamtland province of central Sweden, approximately 360 kilometres northwest of Stockholm. The exposed bedrock includes a 2.5 metre wide interval of high grade zinc-rich massive sulphide adjacent to a pyritic and siliceous felsic gneiss. In addition to the high grade zinc, gold to 23 g/t was discovered in the adjacent siliceous gneiss, emphasizing the precious metal potential of the mineralized outcrop and surrounding claims. The massive sulphide mineralization is open on the southwestern, northwestern and southeastern contacts, where mineralization passes under thin soil cover. The Storkullen project has never been drill tested.
Mr Gale states, “The data from this survey is now being interpreted by an independent geophysical consultant. The results of this interpretation will be available very soon and we look forward to being able to report on this program and the next phase of work testing this exciting project.”
The qualified person as defined by National Instrument 43-101 is Mark Saxon, a member of the Australasian Institute of Mining and Metallurgy. Mr Saxon has reviewed and verified the contents of this release.
Hansa Resources Ltd. is engaged in the acquisition, exploration and development of base and precious metal properties in Sweden and Angola.
On behalf of the Board,
Jeffrey Gale, President
Forward Looking Statement. This news release contains certain “forward-looking” statements and information relating to the Company that are based on the beliefs of the Company’s management as well as assumptions made by and information currently available to the Company’s management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.
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