Helio Resource Corp (the
"Company") (TSX-V: HRC) is pleased to provide an update from
the Company's ongoing drilling programme at the SMP Gold
Project in Tanzania. These results continue to support Management's view of the excellent resource potential in the
Kenge and Snakebite areas and the greater SMP project area.
Kenge TargetResults from twelve
Diamond drill holes have been received and are reported here,
the highlights of which are as follows:
 |
|
SZD-39 |
13.47m @ 1.64 g/t Au from 92.69m downhole. |
|
|
SZD-40 |
39.32m @ 1.33 g/t Au from 220.61m downhole. |
|
|
SZD-43 |
23.52m @ 2.09 g/t Au from 115.98m downhole. |
|
|
SZD-45 |
19.43m @ 3.01 g/t Au from 95.25m
downhole. |
Assay results for
SZD-41 and SZD-42 are still pending.
The 12 drill holes
were drilled along the eastern half of the 2km long Kenge
structure (see map at
www.helioresource.com
for drill hole locations and intersections).
SZD-40
is particularly important as it is the deepest drill hole
drilled to date along the Kenge structure and shows that the
zone is still mineralized and gets thicker with depth. It was
collared over 150m away on strike to the northwest of SZD20
(news release dated May 23, 2007) which intersected 18.63m
grading 3.64g/t gold.
The higher-grade mineralization
outlined by drilling in the central part of the Kenge
structure is open to depth and along strike to the
northwest.A long section of all the holes drilled
to date in the central section of the Kenge structure is also
posted on the Company's website.
A table presenting
all of the Kenge drill data is presented below.
Drill-holes SZD-34 through SZD-38, were drilled across
an mbuga-covered valley where the Kenge structure is under
cover and appears to be cut by a number of faults. Mineralized
intercepts were reported in each hole in this area although it
is uncertain if the main structure was intersected. These
intersects received confirm the continuity of mineralisation
along the Kenge structure under cover along the southeastern
half of the target.
In addition to the drill holes
reported here, the Company has completed 21 reverse
circulation ("RC") drill holes (for 1284m) along the Kenge
target, and is currently still
Diamond drilling there. The
plan is to provide drill hole coverage spaced at least every
50m along the 2km long structure. A map showing the holes
completed to date together with planned holes is also shown on
the Company's website.
Snakebite
TargetSeven
Diamond drill holes were completed at
the Snakebite target. The best intercept was 2.39m @ 9.64g/t
Au. The drilling confirms the presence of a higher grade
northern zone and a lower grade southern zone. Two of the
drill holes intersected old workings along the northern zone
and an incomplete intersection was recorded. The drill results
are also on the plan map representing the Kenge
target.
This drilling has confirmed strike
continuity of mineralization over a strike length of 450m and
is open along strike and to depth. Further drilling is
required to determine the strike extent of this
target.
Table of Drill Results
| Hole # |
From |
Width (m) |
Grade (g/t Au) |
Comments |
| SZD-25 |
31.65m |
1.21 |
2.45 |
OPEN – holed 3.14m of workings after intercept
|
| and |
125.15 |
6.1 |
0.71 |
|
| SZD-26 |
25.82 |
5.18 |
2.75 |
OPEN – holed 1.4m of workings after intercept |
| And |
103.42 |
1.78 |
3.92 |
|
| SZD-27 |
78.4 |
1.6 |
2.77 |
|
| and |
124.62 |
1.24 |
14.0 |
Screen Fire Assay |
| and |
148.6 |
0.95 |
3.81 |
|
| and |
180.2 |
1.8 |
7.22 |
Screen Fire Assay |
| SZD-28 |
95.3 |
1.49 |
4.01 |
Screen Fire Assay |
| SZD-29 |
64.3 |
7.16 |
3.9 |
|
| Incl. |
66.49 |
2.39 |
9.64 |
|
| And |
158.1 |
4.39 |
1.17 |
|
| SZD-30 |
47.97 |
5.87 |
3.97 |
|
| |
123.87 |
5.48 |
0.96 |
|
| SZD-31 |
|
|
|
Nil |
| SZD-32 |
6.18 |
2.07 |
1.57 |
|
| SZD-33 |
51.71 |
5.09 |
0.64 |
|
| SZD-34 |
74.89 |
4.85 |
1.24 |
|
| SZD-35 |
109.61 |
10.61 |
0.43 |
0.25g/t Au cut-off |
| SZD-36 |
65.0 |
10.69 |
0.46 |
0.25g/t Au cut-off |
| SZD-37 |
79.99 |
2.19 |
1.89 |
|
| SZD-38 |
122.98 |
2.96 |
1.39 |
|
| SZD-39 |
92.69 |
13.47 |
1.64 |
|
| SZD-40 |
220.61 |
39.32 |
1.33 |
|
| Incl. |
241.31 |
10.04 |
3.27 |
|
| SZD-41 |
|
|
|
Assays Pending |
| SZD-42 |
|
|
|
Assays Pending |
| SZD-43 |
115.98 |
23.52 |
2.09 |
|
| SZD-44 |
45.59 |
1.26 |
2.69 |
|
| SZD-45 |
95.25 |
19.43 |
3.01 |
|
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. Drill holes were
oriented at between -48� and -60� and drilled perpendicularly
towards the main structural trend. Selected samples were
prepared from core lengths varying between 1 and 3m. Core was
halved with a core saw, one half was submitted to laboratory
and the other half retained. QA/QC includes the use of blanks
and standards (1 every 18 samples) and duplicates (1 every 28
samples). Samples were assayed at the SGS Laboratory in
Mwanza, Tanzania by 50g gold fire assay. Certain selected
assays from drilling at Snakebite were re-assayed using the
screen fire assay method to overcome the "nugget effect"
present here. 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 appear to range from 65% to 95% of true widths.
Except when otherwise stated above, weighted average
intercepts are calculated between the uppermost and lowermost
samples exceeding a 0.5g/t cut-off within the confines of the
main mineralised zone.
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.
Click to Enlarge
Click to Enlarge
