Helio Resource Corp

Published : March 25th, 2015

Helio Technical Disclosure Review

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Keywords :   Gold | Gold Mine | Namibia | Report | Tanzania |

Helio Technical Disclosure Review



Vancouver, March 13, 2015

Helio Resource Corp. (TSX-V: HRC), ("Helio" or the "Company") reports that as a result of a review by the British Columbia Securities Commission, it is issuing the following news release to clarify certain prior disclosure:

Corporate Presentation

Slide 16 of the Company's prior corporate presentation outlined the potential for a 50,000 to 60,000 ounce per year production scenario at the SMP Gold project in Tanzania. The Company confirms that this scenario is not currently supported by a National Instrument 43-101 ("NI 43-101") compliant technical report and should not be relied upon at this time. The corporate presentation also refers to an adjacent property, which has an operating gold mine located upon it. The Company confirms that there is no guarantee that it will generate similar results from its own properties and the corporate presentation has been amended to include the required cautionary language.

Qualified Person

The Company's corporate presentation, factsheet and MD&A's failed to disclose the relationship of the Qualified Person who prepared, supervised the preparation of, or approved of the technical information disclosed. The Qualified Person is Chris MacKenzie, M.Sc., C.Geol., Helio's COO and a Qualified Person as designated by NI 43-101. Going forward all relevant corporate literature will be amended in this regard.

About Helio Resource Corp.

Helio Resource Corp. is a resource company focused on advancing the 100% owned SMP Gold Project in Tanzania to a production decision, and on outlining the resource potential at the DGP Gold Project in Namibia.

For additional information, please contact Richard Williams or Irene Dorsman at +1 604 638 8007 or by e-mail to [email protected] or [email protected]

ON BEHALF OF THE BOARD OF DIRECTORS OF HELIO
"Richard D. Williams"
Richard D. Williams, P.Geo
CEO
"Chris MacKenzie"
Christopher J. MacKenzie, C.Geol.
COO


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Statements Regarding Forward-Looking Information
Certain statements contained in this news release may contain forward-looking information within the meaning of Canadian securities laws. Such forward-looking information is identified by words such as "estimates", "intends", "expects", "believes", "may", "will", "probable", "potential", "indicated", "inferred" and include, without limitation, statements regarding the company's plan of business operations (including plans for progressing assets), estimates regarding mineral resources, projections regarding mineralization and projected expenditures, and the security of future tenure of licenses to explore, develop and mine. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, risks inherent in the mining industry, financing risks, labour risks, uncertainty of mineral resource estimates, equipment and supply risks, title disputes, regulatory risks and environmental concerns. Most of these factors are outside the direct control of the company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

Read the rest of the article at www.noodls.com
Data and Statistics for these countries : Namibia | Tanzania | All
Gold and Silver Prices for these countries : Namibia | Tanzania | All

Helio Resource Corp

EXPLORATION STAGE
CODE : HRC.V
ISIN : CA4232741096
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Helio is a silver and gold exploration company based in Canada.

Helio holds various exploration projects in Namibia.

Its main exploration properties are OTJITOMBO, OTJITOMBO SOUTH, TEVREDE NORTH, ETJO NORTH, ETJO SOUTH, OTJIMBOJO, WILHELMSTAL, KUNJAS, MAKURU, VREDELUS and DAMARA in Namibia and SAZA MAKONGOLOSI (SMP) in Tanzania.

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Annual reports of Helio Resource Corp
2008 Annual report
Financings of Helio Resource Corp
5/9/2013Announces Closing of First Tranche of Non-Brokered Private P...
4/22/2013Announces Private Placement for up to $1.75 Million
2/15/2011Closes Private Placements for $10.0 Million
1/28/2010enters into $6,210,000 Private Placement Financing Agreement...
6/17/2008Closes $5,100,000 Bought-Deal Brokered Private Placement
1/21/2008Closes $5,250,000 Private Placement
12/5/2007 to Raise $5,250,000 by Way of Private Placement
2/26/2007Closes $4,900,000 Private Placement
Nominations of Helio Resource Corp
8/15/2013Announces Appointment of Investor Relations Consultant
Project news of Helio Resource Corp
2/25/2013Owns a 100% Interest in the SMP Gold Project in Tanzania Aft...
9/13/2012Reports PEA of SMP Gold Project, Tanzania
5/28/2012Reports Exploration Update On The Dgp Gold Project, Namibia
5/11/2012again included in Haywood Securities' Quarterly Junior Explo...
6/15/2011Haywood Securities features Helio Resource Corp. in mining f...
3/9/2011Commences 20,000m Drill Programme on the SMP Gold Project, T...
2/28/2011(Damara)Drilling, Geochemical and Geophysical Surveys Commence on th...
3/2/2009Intersects Widest Zones of Mineralisation to date from Porcu...
1/26/2009(Saza Makongolosi (smp))Drills 46 m of 2.1 g/t Au at Porcupine Target, SMP Gold Proj...
1/26/2009(Saza Makongolosi (smp))(HRC:TSX-V) Reports Drill Results from Porcupine Target - SM...
9/3/2008(Saza Makongolosi (smp))Adds Two Drill Rigs to SMP Gold Project, Tanzania; JV Partne...
7/22/2008(Saza Makongolosi (smp))Reports 52.2m@3.3g/t Au from Porcupine Target - SMP Gold Pro...
7/2/2008(Saza Makongolosi (smp))Reports Further Drill Results from Kenge Target, SMP Gold Pr...
6/23/2008(Saza Makongolosi (smp))Reports 42.3m @ 4.0g/t Au from Porcupine Target, SMP Gold Pr...
4/30/2008(Saza Makongolosi (smp))Starts Drilling at the Porcupine Target, SMP Gold Project, T...
4/14/2008(Saza Makongolosi (smp))REPORTS FURTHER DRILL RESULTS FROM THE KENGE TARGET =?iso-88...
1/31/2008Reports Remainder of 2007 Drilling Results - SMP Gold Projec...
11/19/2007First Drill Hole from Porcupine Target on the SMP Gold Proje...
10/15/2007Drilling Intersects 32m @ 2.35g/t Au at SMP Gold Project Tan...
9/18/2007Intersects 19.4m @ 3g/t Au at SMP Gold Project in Tanzania
5/23/2007Intersects 6.9G/T Gold Over 21.95M At The Kenge Target On Th...
Corporate news of Helio Resource Corp
8/19/2016Helio Announces Shares for Debt Settlement
6/20/2016Shareholder Update
5/31/2016Helio and Damara Merge Namibian Interests into Osino Resourc...
11/5/2015Helio Announces Exercise of Warrants
11/5/2015Helio (TSX-V:HRC) Announces Exercise of Warrants
9/22/2015Helio Reports AGM Results
9/22/2015Helio (TSX-V:HRC) Reports AGM Results
7/8/2015Helio Announces Exercise of Warrants
7/8/2015Helio (TSX-V:HRC) Announces Exercise of Warrants
3/26/2015Helio Increases Gold Grade of and Confidence in Mineral Reso...
3/26/2015Helio (TSX-V:HRC) Increases Gold Grade of and Confidence in ...
3/25/2015Helio Technical Disclosure Review
3/13/2015Helio (TSX-V:HRC) Technical Disclosure Review
2/10/2015Helio (TSX-V:HRC) Reports Drill Results from the Konokono an...
1/29/2015Helio (TSX-V:HRC) Reports Multiple High Grade Intercepts fro...
12/11/2014Helio (TSX-V:HRC) Intersects High-Grade Gold Mineralisation ...
10/28/2014Damara Gold (TSX-V:DMR) and Helio (TSX-V:HRC) Discover Four ...
10/3/2014Helio (TSX-V:HRC) Grants Incentive Stock Options and Retains...
9/9/2014Helio (TSX-V:HRC) Announces $1.5 Million Drill Program at SM...
9/9/2014(TSX-V:HRC) Announces $1.5 Million Drill Program at SMP Gold...
8/29/2014Helio (TSX-V:HRC) Reports AGM Results
7/28/2014Helio Announces Result of Special General Meeting, Closing o...
6/13/2014Helio (TSX-V:HRC) Completes First Tranche of Non-Brokered Pr...
5/29/2014Helio (TSX-V:HRC) Announces $4,000,000 Non-Brokered Private ...
5/14/2014Three Additional Retention Licences Granted at the SMP Gold ...
5/14/2014Helio: Three Additional Retention Licences Granted at the SM...
4/11/2014Retention Licence Granted at the SMP Gold Project, Tanzania
4/11/2014Helio: Retention Licence Granted at the SMP Gold Project, Ta...
3/27/2014Helio and Solomon Sign a Letter of Intent on the Damara Gold...
3/27/2014Helio and Solomon Sign a Letter of Intent on the Damara Gold...
3/21/2014Helio Files NI 43-101 Resource Report on SEDAR
3/21/2014Helio Files NI 43-101 Resource Report on SEDAR
2/3/2014Reports Updated Higher-Grade Resource for the Kenge and Porc...
11/29/2013Confirms Extension of High-Grade Shoot at Kenge Resource Are...
10/18/2013Commences Drill Programme at Kenge Resource Area, SMP Gold P...
8/28/2013Announces Results of its Annual General Meeting
10/30/2012Files Preliminary Economic Assessment of the Porcupine and K...
10/5/2012Clarifies Information for Public Disclosure
5/10/2012Grants Incentive Stock Options
4/3/2012Files NI 43-101 Mineral Resource Report for SMP Gold Project...
2/14/2012Announces Updated Mineral Resource Estimate at SMP Gold Proj...
2/6/2012Reports Drill Results from DGP Gold Project, Namibia, includ...
1/23/2012(Damara)Reports Results from a Soil Sampling Survey at the Gold Kop ...
1/17/2012Latest Drill Results Discover Multiple Zones of Mineralisati...
1/13/2012Interview with Jay Taylor
1/10/2012Drill Results Confirm Mineralisation over 1.4km Strike Lengt...
12/7/2011Intersects 7.4m Grading 6.1g/t Au at the Quill Zone, SMP Gol...
11/28/2011(Damara)Reports Additional Diamond Drill Results from the Gold Kop T...
9/22/2011discovers new gold mineralization over 1km strike length at ...
9/15/2011Corporate Update Alert
8/24/2011(Damara)Reports First Rc Drill Results from the Gold Kop Target, Dam...
7/12/2011Discovers Multiple Zones of Gold Mineralisation at SMP Gold ...
6/13/2011(Damara)Makes a Significant New Gold-Copper-Silver Discovery at the ...
4/14/2011(Damara)Commences 5,000m Drill Programme on the Gold Kop Target, Dam...
3/22/2011(Damara)Discovers New Targets at the Damara Gold Project in Namibia
7/26/2010(HRC:TSX-V): Latest Drill Results Confirm Main Zone Extensio...
11/10/2008Reports Additional Excellent Drill Results from Porcupine Ta...
8/11/2008Reports Excellent Metallurgical Testwork Results from SMP Go...
8/2/2008Terminates Agreement with TransAfrican Minerals Ltd.
3/13/2008OPTIONS EIGHT NAMIBIAN LICENCES TO TRANSAFRICAN MINERALS
11/13/2007 21.53m grading 3.62g/t Au Included in Additional Drill Resu...
11/6/200716.75m grading 3.93g/t Au included in latest drill results f...
10/29/2007Discovers Another New Gold Zone at the SMP Gold Project in T...
10/23/2007Discovers New Gold Zone on the SMP Gold Project, Tanzania
9/24/2007Options 9 Namibian Licences to Desert Minerals (UK) Ltd.
9/14/2007Update on Namibia Exploration Activities
9/11/2007Report on AGM and Update on Tanzania Drilling Activities
6/5/2007June 1/Helio announces warrant triggering event
3/21/2007reports more well-mineralised drill intercepts at the SMP go...
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