Helio Resource Corp. (the
"Company") (TSX-V: HRC) is pleased to present a further update
from the Company's drilling programme at the Kenge target, within the SMP
Gold Project in Tanzania.
Highlights from this current batch of diamond drill results include:
- 16.71m at 2.26g/t
gold in SZD049
- 16.75m at 3.93g/t
gold in SZD052
- 13.58m at 2.46g/t
gold in SZR053
- 20.23m at 2.07g/t
gold in SZR054
A
table of all drill results from this batch is presented below. All of the
holes reported here were diamond drill holes. These drilling results
confirm the lateral and down dip continuity of mineralisation at both the
NW and MAIN Zones within the Kenge target (See Company press release
dated October 15, 2007).
KENGE MAIN ZONE
The Kenge Main Zone is the largest of the three main mineralized zones
within the Kenge Target, with a strike length of over 750m and a true
width of up to 30m. The zone has been drilled to a depth of 220m below
surface and is open to depth. A revised long section is shown below
showing all drill intercepts from this zone to date. One section showing
the down-dip continuity of the mineralisation in the Main Zone is also
shown, and includes holes reported earlier.
KENGE NW ZONE
The 350m long Kenge NW Zone is located immediately northwest of the old
Razorback Mine, and is up to 15m wide. Grades range up to 18.6m at
2.69g/t gold (see the updated long section below and on the Company's
website).
Table of
Drill Results
Hole #
|
From (m)
|
Width (m)
|
Grade (g/t Au)
|
Zone
|
Comments
|
SZD-041
|
46.35
|
2.49
|
1.74
|
MAIN
|
HW Zone
|
And
|
213.21
|
2.54
|
2.57
|
|
Kenge Zone
|
SZR-042
|
107.61
|
5.95
|
1.85
|
NW
|
|
SZD-046
|
|
|
|
MAIN
|
Nil
|
SZD-047
|
|
|
|
MAIN
|
Nil
|
SZD-048
|
|
|
|
MAIN
|
Nil
|
SZD-049
|
88.1
|
16.71
|
2.26
|
MAIN
|
|
SZD-050
|
64.26
|
1.04
|
0.41
|
MAIN
|
0.4g/t Au cut-off
|
SZD-051
|
92.43
|
4.41
|
2.59
|
MAIN
|
|
SZD-052
|
3.0
|
16.75
|
3.93
|
MAIN
|
OPEN
|
SZD-053
|
12.55
|
13.58
|
2.46
|
MAIN
|
OPEN
|
SZD-054
|
27.1
|
20.23
|
2.07
|
MAIN
|
|
SZD-055
|
73.69
|
3.03
|
2.1
|
NW
|
|
Of special interest is hole SZD-054 which was drilled 5m away on-strike
from SZD022. SZD022 intersected no mineralization whereas SZD054
intersected 20.23m grading 2.07g/t Au. Detailed relogging and review of
data indicates that SZD022 drilled through a thin late-stage dyke,
approximately 4m wide but sub-parallel to the drill hole, which resulted
in the lack of a mineralized intercept. Holes SZD046 to -048 also appear
to have intersected a dyke or were stopped short of the main target and
should be re-drilled in the near future.
A further 6 infill diamond drill holes were also completed on the SE Zone
of the Kenge target, and results are pending.
Chris MacKenzie, M.Sc., C.Geol., Helio's COO and a Qualified Person as
designated by NI 43-101, supervises the sampling and quality assurance /
quality control programmes at Saza, and has reviewed the contents of this
news release. Drill holes were oriented at between -48� and -70� and
drilled perpendicular towards the main structural trend. Samples
averaging 1.0 to 1.5m were halved and submitted to laboratory (the other
half of the core is retained). QA/QC includes the use of blanks and
standards (1 every 15-20 samples) and duplicates (1 every 20-30 samples).
Samples were assayed at the SGS Laboratory in Mwanza, Tanzania by 50g
gold fire assay. As well as the Company's internal QA/QC programme, SGS
also applied their own internal QA/QC programme, consisting of insertion
of standards and duplicates. Mineralised intercepts are reported as
drilled widths, which range from 60% to 90% of true widths. Except when
otherwise stated above, weighted average intercepts are calculated
between the uppermost and lowermost samples within the main mineralised
zone over a 0.5g/t cut-off and may include some internal waste.
Helio Resource Corp. is a dynamic, technically-driven mineral exploration
company, focused on high-quality project generation in southern Africa.
Helio is actively exploring 26 prospective gold, base-metal and diamond
properties in Namibia, Botswana, Mozambique and Tanzania. The main focus
for the Company is the development of the SMP gold project in Tanzania.
As part of its strategic approach to project development, Helio has
optioned 9 of its Namibian licences to Desert Minerals (UK) Ltd. Helio
continues to pursue joint venture partners for its other projects in
Namibia, Botswana and Mozambique and to assess new opportunities in
southern Africa.
For additional information, please contact Richard Williams or Irene
Dorsman at +1 604 638 8007 or by e-mail to richard@helioresource.com or
irene@helioresource.com.
ON BEHALF OF THE BOARD OF
DIRECTORS
"Richard D.
Williams"
Richard D. Williams, P.Geo
CEO
|
"Chris MacKenzie"
Christopher J. MacKenzie, C.Geol.
COO
|
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
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