Hellix Ventures Inc.

Published : December 07th, 2009

Hellix Releases Sample Results/Work Program*

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Keywords :   Canada | Debt | Facebook | Gold | Gold Producer | K Street | Silver | Swiss |
     
 
 
 
HELLIX VENTURES INC.
Phone: 604.683.6657
 
 
PRESS RELEASE
Dec 7, 2009 
 
Hellix Releases Additional Sample Results/Planned Work Program
 
HELLIX VENTURES INC.  (HEL:TSX.V / HLLXF:OTC)  -Vancouver, BC-  Frank Underhill, President, releases additional sample results on the Athabasca claim group taken as a part of its initial due diligence. The company, through its wholly owned subsidiary, recently signed an option to purchase 100% of the former gold producer - the Athabasca Mine near Nelson, British Columbia.
 
In October, 2009, the company commissioned a professional geologist for a site visit. A total of eight grab samples were collected. Only three samples were taken in the Athabasca Mine underground workings, all in the volcanics.  According to our interpretation of the historic mine plan map, the location was the #1 adit. These presented the best gold values and are shown below.  
 
 Sample # 
 Au g/t
 Au oz/t
 Ag g/t
 Ag oz/t
 Pb (%)
8R257260
 28.7
 0.837
 
 
 
 8R257260
 213.0
 6.212
 128   
 3.73
 2.85
 8R257260
 51.7
 1.508
 
 
 
 
8R257259    Quartz vein; taken in adit about 75 meters in; 15cm thick vein with 7-10% fracture-controlled
                   pyrite; strong fracture controlled limonite; hosted by course grained augite porphyry
8R257260    25cm quartz-sulphide vein; 3-5% fracture-controlled pyrite;<1% fine grained dark grey
                  sulphide
8R257261    25cm quartz vein; massive white quartz with moderate fracture controlled limonite; 3%
                  fracture controlled pyrite  
    
All samples were collected and secured by the geologist, then sent for assay to Eco Tech Laboratory Ltd., an established certified lab in Kamloops, British Columbia. Samples were tested for Au via metallic fire assay, and the 46 additional elements via Inductively Coupled Plasma (ICP). Note that grab samples are selective and not likely to be representative of average grades. 
 
The Nelson region is experiencing a rebirth in mining exploration activity, particularly the small to medium former high grade precious metal producers.  At least two companies in the immediate area have recently completed drill programs, while others such as Anglo Swiss have been adding to their land holdings near their Kenville Mine property. 
 
Hellix's upcoming field season will involve a mapping program to verify the location of significant underground workings and geological structures obtained from mine plans in historical reports. Surface and underground mapping will be followed by a drill program based on our findings.
 
This release has been reviewed by Qualified Person Laurence Sookochoff, P.Eng.
 
HELLIX VENTURES (HEL - TSX.V) is engaged in the identification, acquisition, exploration and development of gold and silver properties in North America. Hellix has no debt (other than short-term trade payables), and has positive cash flow from fossil fuel production in Western Canada.  All transactions stated or referred to herein are subject to TSX Venture Exchange approval as well as all other applicable regulatory body approvals. 
 
ON BEHALF OF THE BOARD OF DIRECTORS 
HELLIX VENTURES INC.
 
Frank Underhill
President
 
Phone: (604)683-6657    Fax: (604)684-4407 
 
Neither 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.   The forgoing is for informational purposes only, and is not to be construed as an offer to buy or sell securities in any jurisdiction. It may contain forward-looking statements. While the data compiled by management is from sources deemed to be reliable, actual future results may vary materially.  Hellix Ventures Inc. does not assume the obligation to update any forward-looking statement and will not be responsible for any loss or damage arising from the use of this information. Any unauthorized use, distribution or copying of this communication by other than the intended recipient is strictly prohibited. If you have received this correspondence in error, please delete immediately.

 

 

 
     


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Data and Statistics for these countries : Canada | All
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Hellix Ventures Inc.

PRODUCER
CODE : HEL.V
ISIN : CA4234011084
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Hellix Ventures is a silver and gold exploration company based in Canada.

Hellix Ventures produces silver, gold, oil in Canada.

Its main asset in production is STAR VALLEY in Canada and its main exploration properties are MARGARITA MINE and ATHABASCA CLAIMS in Canada and MINITAS / LA COBRIZA in Mexico.

Hellix Ventures is listed in Canada and in United States of America. Its market capitalisation is CA$ 1.6 millions as of today (US$ 1.3 millions, € 1.2 millions).

Its stock quote reached its highest recent level on September 23, 2011 at CA$ 1.67, and its lowest recent point on April 21, 2015 at CA$ 0.03.

Hellix Ventures has 46 540 000 shares outstanding.

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Annual reports of Hellix Ventures Inc.
Annual report 2007
Financings of Hellix Ventures Inc.
3/17/2010Private Placement Closed
Project news of Hellix Ventures Inc.
10/4/2012Athabasca Gold Project Update
7/10/2012Gold Project Updates
6/5/2012Margarita HVM12-05 Drill Hole Check Assay Results
5/11/2012Margarita HVM12-05 Drill Hole Check Assay Results
1/18/2012Begins Drilling at Margarita
7/27/2011(Margarita Mine)Hellix Announces Silver Assays From USBM Program at Margarit...
2/20/2011(Margarita Mine)Hellix Sampling Uncovers New Margarita Gold Zone
7/6/2010(Athabasca Claims)Work Expands Targets
5/22/2010(Athabasca Claims)Work Commences/Margarita Gold Project Overview
7/14/2008(Minitas / La Cobriza)La Luz Tunnel Expansion Progress
4/2/2008Confirms Former High Grade Results
9/24/2007(Minitas / La Cobriza)2007 Technical report
Corporate news of Hellix Ventures Inc.
12/10/2014IIROC Trading Halt - HEL
9/6/2013Drops Margarita Lease
6/5/2012Margarita Drill Final Audit Results
6/5/2012Hellix Ventures News Release
5/11/2012Hellix Ventures News Release
4/18/2012Margarita Drill Program Results
4/18/2012Hellix Ventures News Release
3/28/2012Files Drill Permit Application for Athabasca
3/28/2012News Release
2/22/2012Completes Margarita Drill Program
1/18/2012Hellix Ventures News Release
12/22/2011Hellix Ventures News Release
12/22/2011Margarita Drill Permit Final Approval
12/7/2011Athabasca Underground Rock Sampling Results
9/16/2011Athabasca Gold in Soil Sampling Results
9/16/2011Hellix Ventures News Release
6/7/2011Corroborates USBM?s Anomalous Gold on Margarita
2/16/2011Sampling Uncovers New Margarita Gold Zone
4/14/2010Options Margarita Gold Property
12/7/2009Hellix Releases Sample Results/Work Program*
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TSX-V (HEL.V)OTHER OTC (HLLXF)
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