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Helio Resource Corp. (the "Company") (TSX-V: HRC) is pleased to
present results from the first-pass reconnaissance drill testing of five
very widely spaced targets, namely Porcupine, Gap, Reefski, Panya and
Kwaheri, from the eastern portion of the SMP Gold Project in Tanzania. A
number of new zones of bedrock gold mineralisation were discovered,
<b?the most notable being the Porcupine Target, which is the most
robust mineralised zone on the SMP gold project intersected to date by
the company's reconnaissance RC drilling programme.
Highlights of
the RC drill results include:
|
�� 42m at 2.05g/t gold in GPR04
�� 8m at 1.18g/t gold in GPR03
�� 8m at
1.15g/t gold in GPR05
�� 12m at
1.02g/t gold in KWR01
|
|
Porcupine
Target
Gap Mine
Reefski Target
Panya Target
|
A total of nine RC holes (667m) were completed on the Gap and Kwaheri
licences of the SMP Project, which are contiguous with, and northeast of,
the Saza licence where Helio is conducting an extensive drilling
programme on the Kenge target (see company press releases dated May 23,
September 18, October 15, November 6 and November 13, 2007). The drill
results are tabulated below. A map of the location of these targets
within the SMP project area is shown below and on the Company's website.
The Company is very encouraged by the results, which are by far the
best reconnaissance drill results yet received from the SMP gold project.
The Porcupine Target, in particular, offers tremendous potential to
develop a significant open-pittable resource.
Porcupine Target
One RC hole (GPR-04) was drilled at the Porcupine Target, which is
located along the Saza Shear Zone ("SSZ") in an area where a
number of structures intersect. This hole intersected the thickest
intercept of any RC hole from the SMP to date -- 42m grading 2.05g/t
Au. This hole was drilled into a SE dipping ENE-WSW striking shear
zone. The mineralised zone is up to 40m wide and outcrops for more than
1km of strike length. A section of the drill hole is shown below and on
the Company's website.
The zone appears to have a true width of over 35m. Mineralisation is
open along strike in both directions and to depth. Porcupine is
located over 13 kilometres ENE of the Company's main Kenge target.
Gap Mine
The colonial-era Gap mine is located approximately two kilometers along
strike to the ENE of Porcupine, again located on the SSZ. A single hole
(GPR03) was drilled into the main zone, and intersected 8m grading
1.18g/t Au. Mineralisation is open along strike in both directions and to
depth.
Two scissor holes, GPR01 and GPR02, were drilled 400m to the NE of GPR03,
and were designed to test a NW-SE trending structure. Both RC drillholes
intersected mineralisation, however no values over 0.5g/t Au per 2m
sample were present.
Reefski
Two holes, GPR05 and GPR06, tested the Reefski Target, located 2,300m ENE
along the SSZ from the Gap mine. The two holes, 280m apart, were drilled
southwards into the N-dipping shear zone. Both holes intersected gold
mineralisation, the best being 8m grading 1.15g/t Au from the easternmost
hole. Mineralisation is open along strike in both directions and to
depth.
Kwaheri North
Two scissor holes (KWR01 and KWR02) were drilled under artisanal workings
at the Kwaheri North target, located approximately 700m NE of the
colonial-era Kwaheri Mine. A number of NNE-SSW striking auriferous zones
were intercepted however no values over 0.5g/t Au per 2m sample were
present.
Panya
A single hole was drilled at the Panya target (KWR03) which is 1.8km NW
of Kwaheri North and 2.8km NE of Reefski. Panya is located on a NW-SE
trending structure and consists of wide quartz veining and sheared units.
The hole intercepted 12m grading 1.02g/t Au. Mineralisation is open along
strike in both directions and to depth.
Table of Drill Results
Hole #
|
From (m)
|
To (m)
|
Width (m)
|
Grade (g/t Au)
|
Target
|
GPR-01
|
|
|
|
NCV
|
Gap Mine E
|
GPR-02
|
6
|
10
|
4
|
NCV
|
Gap Mine E
|
GPR-03
|
62
|
70
|
8
|
1.18
|
Gap Mine
|
GPR-04
|
4
|
8
|
4
|
0.76
|
Porcupine
|
and
|
14
|
56
|
42
|
2.05
|
Porcupine
|
GPR-05
|
4
|
12
|
8
|
1.15
|
Reefski
|
GPR-06
|
14
|
16
|
2
|
2.64
|
Reefski
|
|
32
|
34
|
2
|
1.49
|
Reefski
|
KWR-01
|
|
|
|
NCV
|
Kwaheri North
|
KWR-02
|
|
|
|
NCV
|
Kwaheri North
|
KWR-03
|
10
|
22
|
12
|
1.02
|
Panya
|
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 the SMP Programme, and has reviewed the
contents of this news release. Drill holes were oriented at -50� and
drilled perpendicular towards the main structural trend. Composite 2m
samples were riffle split and submitted to laboratory (with a duplicate
split retained). QA/QC includes the use of blanks and standards (1 every
15 samples) and duplicates (1 every 24 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 70% to 90% of true widths. Except when otherwise stated
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 27 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 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.
Click to Enlarge
Plan Map of Drill Targets in Relation to the Kenge Target
Click to Enlarge
Porcupine Drill Section
Table of Drill Collar Data
(Local Grid)
Drill Hole No
|
Anomaly
|
Grid_East (m)
|
Grid_North (m)
|
Elevation (m)
|
Depth
|
Dip
|
Azimuth
|
GPR001
|
Gap Mine East
|
31139
|
8103
|
1282
|
76
|
-50
|
360
|
GPR002
|
Gap Mine East
|
31143
|
8153
|
1283
|
50
|
-50
|
180
|
GPR003
|
Gap Mine
|
30889
|
7792
|
1291
|
124
|
-50
|
360
|
GPR004
|
Porcupine
|
29079
|
7017
|
1253
|
80
|
-50
|
340
|
GPR005
|
Reefski
|
33268
|
8451
|
1275
|
40
|
-50
|
180
|
GPR006
|
Reefski
|
33027
|
8305
|
1275
|
40
|
-50
|
180
|
KWR001
|
Kwaheri North
|
36699
|
8450
|
1270
|
90
|
-50
|
270
|
KWR002
|
Kwaheri North
|
36595
|
8444
|
1262
|
90
|
-50
|
90
|
KWR003
|
Panya
|
35219
|
9656
|
1270
|
77
|
-50
|
55
|
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