Printer Friendly

Haber Inc. Acquires Additional Large-Scale Gold Concession in Ghana's Gold Prolific Western and Brong Ahafo Regions.

Company Acquires Additional 300 Square Kilometer Concession with Reconnaissance Licensing Rights

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

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

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.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Feb 14, 2007
Previous Article:VOY Becomes Latin Content Partner for Joost(TM).
Next Article:BioMimetic Therapeutics, Inc. Completes Public Offering of Approximately 3.25 Million Shares of Common Stock Including the Sale of All Over-Allotment...

Related Articles
African Gold Group, Inc.: Mankraho Project Update-Drill Holes 1 Through 12 Intersect Gold Mineralized Zones.
African Gold Group, Inc.: Mankranho Project Update.
Birim Granted Three New Concessions on the 20 Million Ounce Bibiani-Sefwi Gold Belt, Ghana.
Keegan Announces Results of 1st Phase Reconnaissance Program at Asumura Gold Project, Ghana.
Haber Inc. Acquires 365 Square Mile Mining Concession in Ghana; Will Use its Environmentally Safe Extraction Process to Recover ''Green Gold''.
Birim Goldfields Inc.: Work Starts on the Nkenkasu Licence Along the Ahafo Shear on Ghana's Sefwi Gold Belt, 13 Km of Prospective Gold Trend Under...
World Bank backs controversial gold mine.
Haber, Inc. Seeking Prospecting License in Ghana after Favorable Findings Reported in Final Reconnaissance Report; License will Allow Drilling in...
Haber signs lease, begins pilot operations.
Haber Inc. Receives Four Prospecting Licenses Totaling 469 Square Kilometers in Ghana's Gold Prolific Sewfi Belt.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters