Haber Inc. Acquires Additional Large-Scale Gold Concession in Ghana's Gold Prolific Western and Brong Ahafo Regions.
ARLINGTON, Mass. -- Haber, Inc, (OTC: HABE), a Massachusetts-based company with proprietary technology for the environmentally friendly processing of gold bearing ores, announced today that its wholly owned Ghanaian subsidiary, Haber Mining Ghana Ltd., has exercised its option and acquired the Eternity Ghana Ltd. (Eternity) concession with reconnaissance licensing rights covering an area of 300 square kilometers. Haber has earlier acquired the reconnaissance licenses on the concessions "Good Ground" (589 sq. km.) and "Uprightness" (561 sq. km.) bringing its current total land holdings in Ghana to 1,450 square kilometers. In addition, Haber, on the basis of its favorable "Good Ground" reconnaissance report, has applied to the Ghanaian authorities for the issuance of a prospecting license on that property.
Albert B. Conti, Haber's president and COO, said, "The purchase of the 'Eternity' concession concludes the Company's near-term acquisition efforts in Ghana and represents our continuing strategic plan of acquiring high-prospect gold bearing properties for our own inventory. The close proximity of 'Eternity' to discovery sites of proven gold reserves by major mining companies makes it an attractive holding. These concessions allow the Company significant opportunities for partnering on large scale hard rock mining projects while at the same time pursuing its small scale mining efforts under our mercury reduction plan known as the Strategic Abatement of Mercury and Poverty (STAMP) program. The Company shall continue in the future to take advantage of special gold-related situations which present high potential value to its shareholders."
Conti continued, "Although there is no guarantee that any of our concessions will yield proven gold reserves, we are encouraged by our 'Good Ground' reconnaissance results and the strong activity and successes of the major mining companies who have already reported discovering over 18 million ounces of gold exploring this general area."
The "Eternity" concession acquired is comprised of two separate blocks. The northern block is located about 75 kilometers north-northwest of Kumasi and lies in the Tano District of the Brong Ahafo Region. The southern block is located about 65 kilometers northwest of Kumasi and lies within the Ahafo-Ano South and Ahafo-Ano North districts.
The "Good Ground" concession is comprised of three separate parcels located in the Brong Ahafo Region and the Sefwi Wiawso and Juabeso-Bia Districts of the Western Region. The northernmost parcel has northern boundaries that are approximately 12 kilometers south of Sunyani, the Brong Ahafo regional capital and about 95 kilometers northwest of Kumasi, the Ashanti regional capital. The southern boundary is about 170 kilometers northwest of the port city of Takoradi in the Western Region. The eastern limit of the concession is approximately 300 kilometers from Accra, Ghana's capital.
Haber's "Uprightness" concession is located in the Bibiani Anhwaiso-Bekwai Wiaawso and Atwima Districts of Western Region. The northern boundary of the concession is approximately 70 kilometers WSW of Kumasi, the Ashanti regional capital, whereas the southern end of the concession is approximately 140 kilometers NNE of the port city of Takoradi, the Western Regional capital. It is also approximately 250 kilometers WNW of Ghana's capital city of Accra. More information about the location of these concessions may be found on the Company's Web site at http://www.habercorp.com
About Haber, Inc.
Haber, Inc. is a high technology process development company with proprietary technologies in extractive metallurgy and electrochemical separations. These technologies include the company's Haber Gold Process (HGP), a chemical system discovered by Norman Haber, the chairman of the company, for the hydrometallurgical extraction of gold from its ores. The Haber Gold Process is both non-toxic and more efficient than conventional solvents such as cyanide. This technology accelerates the gold extraction rate and may increase gold recovery from its ores by a substantial factor. The company's Electromolecular Propulsion (EMP) technology is an electrochemical process that enables the electrically controlled movement or positioning of a variety of different molecules. It is distinguished from the techniques of electrophoresis and chromatography by its wide variety of potential applications and the greater speed and control of the results. For more information, call Albert B. Conti (781) 643-2727, or visit the company's website at http://www.habercorp.com.
Safe Harbor Statement
Any statements contained herein that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and involve risks and uncertainties. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions. These statements are subject to uncertainties and risks including, but not limited to, economic conditions, the impact of competition and pricing, government regulation, and other risks. All forward-looking statements made by or on behalf of the Company are qualified. The Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
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|Date:||Feb 14, 2007|
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