Helio Resource Corp (the "Company")
(TSX-V: HRC) is pleased to provide an update on its
exploration activities in Namibia.
Tevrede
NorthThe company has completed an extensive
soil sampling progamme, covering approximately 140km2, over
prospective volcano-sedimentary strata on the Tevrede North
licence. 4,381 soil samples were collected on a 500 x 100m
sampling grid. A number of coincident anomalies were detected.
Peak geochemical assays are:
• |
Gold |
1.05g/t |
(Mean + 2 Standard Deviations = 0.05g/t) |
• |
Silver |
2.40g/t |
(M+2SD = 0.2g/t) |
• |
Copper |
838ppm |
(M+2SD = 82ppm) |
• |
Lead |
944ppm |
(M+2SD = 54ppm) |
• |
Zinc |
3,330ppm |
(M+2SD = 160ppm) |
These results represent the highest reconnaissance soil
sampling values recorded by Helio in the Kamanjab area and are
considered highly significant given the wide spacing of the
sampling grid.
The soil sampling programme followed
up on previously-detected stream geochemical anomalies (Company press release dated March 2, 2007) and extensions of
the mineralized stratigraphy drilled at the Company's Honib
licence (Company press release dated March 2, 2007), located
immediately south of Tevrede North. The mineralized
stratigraphy is characterized by a coincident Zn � Cu � Pb �
Ag � Au anomaly over 18 kilometres long and up to 500m
wide.
A second polymetalic anomaly, named Hornbill,
is also present in the grid and has a peak geochemical response of 3,300ppm Zn. Five rock grab samples have been
collected over the Hornbill anomaly and these returned the
following assays:
Sample No |
Au |
Ag |
Cu |
Pb |
Zn |
RTN098 |
- |
6.2g/t |
0.43% |
0.11% |
0.17% |
RTN099 |
- |
6.4g/t |
0.24% |
1.03% |
- |
RTN100 |
0.63g/t |
345g/t |
7.68% |
4.23% |
0.89% |
RTN101 |
1.35g/t |
698g/t |
1.51% |
1.89% |
0.44% |
RTN102 |
0.25g/t |
8.5g/t |
2.47% |
0.16% |
0.14% |
Follow up
detailed soil sampling and mapping is currently being planned
in order to delineate drill targets.
An updated profile
of the Tevrede North licence will be posted shortly on the
Company's website
www.helioresource.com.
New
Licences GrantedThe Company is pleased announce that it has been granted four new licences in the
Damara Gold Belt close to the Company's Vredelus and Makuru
licences. The new licences are as follows:
EPL 3737 - ETJO NORTH
EPL 3738 - WILHELMSTAL
EPL
3739 - OTJIMBOJO
EPL 3741 - ETJO SOUTH
A map of the new
licences showing their location relative to Vredelus and
Makuru is attached.
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 continues to pursue joint venture
partners for its 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.