Helio Resource Corp ("Helio" or the
"Company") (TSX-V: HRC) is pleased to announce that
reconnaissance reverse circulation (RC) drilling at the
Company's SMP Gold Project in Tanzania has confirmed the
presence of bedrock gold mineralization between the
colonial-era Saza 2 Shaft gold mine (Cheche target) and the
Snakebite target, indicating the potential for mineralisation
over a 2,300m strike length (see map below).
Two
north-south fences of RC holes, 300m apart, were drilled
across the ENE-trending Saza Shear Zone. Both the western and
eastern fences intersected multiple zones of mineralization,
the most notable being 20m grading 1.14g/t gold from 30m depth
in hole SZR34 located on the western fence (Cheche E), and 2m
grading 4.36g/t gold from 36m depth in hole SZR43 on the
eastern fence (Snakebite W).
The Company is very
encouraged by the new results, which are similar to the
initial drill results received from the Kenge target (see
Company news release dated September 6, 2006 and subsequent
releases dated May 23, 2007, September 17, 2007, and October
15, 2007), which now shows the potential to host a significant
open pit resource.
The Cheche target contains the old
Saza 2 shaft mine. The Snakebite target, located over 2km away
on-strike from Cheche, has been drill tested by Helio
confirming the presence of mineralisation over 450m+ of strike
length (open in both directions), with intercepts including 8m
grading 20.8g/t Au, 2.39m grading 9.6g/t Au and 1.74m grading
16.0g/t Au (see Company press release dated September 17,
2007).
These are the first results from a
reconnaissance RC drill programme that has tested ten
different targets along a 25km strike length of the Saza Shear
Zone (see map below).
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.
The 18 RC drill holes (1,831 m)
reported herein were oriented at -50� and drilled N or S on
north-south sections across the strike of the main structure.
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 16 samples) and
duplicates (1 every 25 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; more data are required to
ascertain 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 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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