Habanero Resources Inc. (TSX: V.HAO, Stock Forum) said that it has acquired an additional 32 claims totaling 1,805 hectares in the Gaspe Bay region of Quebec.
This additional property borders Orbite Aluminae Inc.'s (TSX: T.ORT, Stock Forum) Grand-Vallée deposit.
According to the Habanero Resources press release, work to date on HAO's Grand-Vallée North project has returned rock samples values ranging from 18.93% to 22.99% aluminum oxide.
The 2012 Grand-Vallée North diamond drill program resulted in the discovery of three new zones of aluminum oxide mineralization within the property.
The three zones are open in both directions along their inferred east-northeast trend.
Habanero is a diversified junior company with prospects in the Yukon and Quebec.
On Wednesday, Habanero was trading at $0.015 a share. The company had a market cap of $2.2 million, based on 144.8 million shares outstanding,