Encouraging Iron (Fe) and Manganese (Mn) Rock Chip Samples in North Pole Region (E45/2532 – pending) near Haoma’s Normay Mine Haoma Mining NL (ASX: HAO) is pleased to announce encouraging results from rock chip sampling within the North Pole Region of the Pilbara at its North Pole Project (100% Haoma Mining NL), located 150 km south east of Port Hedland (See Figures 1 & 2). In late November, 2007 reconnaissance rock chip samples were taken over an extensive outcrop of andesitic pillow basalt in Tenement E45/2532. The samples have returned encouraging Iron and Manganese results with maximum values of 46.1% Manganese, 54.8% Iron and 1,150 ppm Vanadium (See Table 1). Haoma Mining NL holds 10 Mining Leases and 1 Exploration Lease (pending) within the North Pole Region of the Pilbara, covering approximately 276 km2. Tenement E45/2532, from which the samples were taken, has in the past had limited exposure to modern exploration techniques. Table 1: North Pole Project – November, 2007 Rock Chip Sample Results Sample GDA94E GDA94N Fe Mn Al2O3 CaO P S SiO2 V LOI 1000 % % % % % % % ppm % R2007-05 755335 7655697 31.50 15.80 1.50 0.40 0.143 0.246 18.45 828 10.25 R2007-06 754397 7655676 54.80 0.70 0.76 0.08 0.094 0.232 9.10 1150 9.13 R2007-07 754261 7655640 8.29 0.02 4.27 0.08 0.031 0.417 80.70 64 <0.01 R2007-08 755225 7655675 8.14 46.10 1.48 0.96 0.058 0.235 8.55 334 11.45 R2007-09 755200 7655676 18.70 1.09 5.04 0.17 0.219 0.296 58.00 176 5.81 R2007-10 755647 7655749 32.00 0.11 1.76 13.60 0.129 0.239 20.10 272 17.00 R2007-11 755709 7655817 27.70 0.34 1.78 20.20 0.053 0.264 4.94 214 26.60 R2007-12 755295 7655797 44.10 2.71 1.96 0.13 0.131 0.256 19.90 224 8.88 R2007-13 755358 7656033 36.60 2.09 1.20 0.10 0.052 0.256 35.20 246 6.94 R2007-14 754923 7655868 37.30 13.10 1.51 1.63 0.103 0.234 11.85 310 10.70 R2007-15 755760 7655898 48.50 6.08 3.40 0.07 0.187 0.242 6.14 178 9.37 [Note: 1] 1 The above table of exploration assay results was prepared on December 27, 2007 by Ms Sandra McKenzie (B Sci., MAusIMM), who is a competent Person under the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Haoma is encouraged by the latest positive results which appear to have defined a new area containing Iron and Manganese mineralisation within the North Pole Region of the Pilbara, and will actively pursue further fieldwork within the area during the coming work season. Haoma will continue to keep the market informed of its progress in advancing this project.
HAO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
