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Helio Resource Corp

Publié le 26 juillet 2010

(HRC:TSX-V): Latest Drill Results Confirm Main Zone Extension at Porcupine Target - SMP Gold Project

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Monday, July 26, 2010

Latest Drill Results confirm Main Zone Extension at Porcupine Target -- SMP Gold Project, Tanzania


 

?  Main Zone extended 100m to the west
?  High Grades Intersected at Quill Zone
?  New Mineralisation outlined at NW and NE Zones

 

View News Release in PDF Format


July 26th, 2010

Helio Resource Corp. ("Helio" or the "Company") (TSX-V: HRC) is pleased to report all remaining results for the 2010 RC and diamond drill programme recently completed at the Porcupine Target, SMP Gold Project in the Lupa Goldfields, Tanzania.

Results come from 4 discrete zones of mineralisation, all from within the Porcupine Target area (see map below), namely:

1.     Porcupine Main Zone

2.     Quill Zone

3.     Porcupine NE

4.     Porcupine NW

Gold mineralisation was intersected in all four zones. Significant results from these areas include the following:

ZONE

Hole #

From (m)

Width (m)

Grade (g/t Au)

MAIN

GPD 78

136

31

1.6

 

and

175

25

1.5

 

GPD 92

21

84

0.8

 

and

207

44

2.0

 

GPD 93

29

104

1.0

 

and

221

19

2.6

 

 

 

 

 

QUILL

GPR 143

18

14

4.5

 

GPR 144

44

2

19.4

 

 

 

 

 

NE

GPD 76

21

7

1.3

 

 

 

 

 

NW

GPR 150

52

14

0.9

GPR 154

48

8

1.5


A total of eleven diamond drill holes (prefix GPD) and fourteen reverse circulation holes (prefix GPR) are reported here.

MAIN ZONE DRILLING

The diamond drilling focussed on the central portion of the Porcupine Main Zone, and three of these (GPD91-93) were drilled at the same orientation as GPD66, which intersected 79m @ 3.1g/t Au (see Company press release dated May 4, 2010). GPD91 was drilled in the hanging wall of the Main Zone, to test for NW-striking structures outside of the main mineralised envelope. GPD92 and 93 both intersected two wide zones of mineralisation, and confirm that the Porcupine Main Zone splits into two zones towards the west. The lower intercept in GPD92 appears to indicate the presence of a second high-grade shoot within the main Porcupine mineralisation envelope.

GPR146, which intersected 24m grading 1.6g/t Au is located approximately 65m to the SW of hole GPD41 on the attached long section.

Hole No.

From (m)

Width (m)

Grade (g/t Au)

GPD071*

118

1

0.4

GPD073

19

1

0.7

and

38

1

1.2

and

102

2

0.9

GPD078

136

31

1.6

and

175

25

1.5

GPD080

95

1

0.9

and

100

5

1.3

GPD091

149

1

2.4

and

193

2

0.9

and

226

1

1.6

and

263

3

1

GPD092

21

84

0.8

and

112

1

2

and

146

8

1.9

and

207

44

2

and

260

7

0.7

and

295

2

2

and

307

3

1.7

GPD093

29

104

1

Incl.

29

1

16.8

and

155

2

5.1

and

166

1

5.7

and

181

7

0.8

and

221

19

2.6

Incl.

237

1

15.2

Incl.

239

1

15.6

GPR145

54

2

0.7

GPR146

58

24

1.6

GPR147

38

2

6.2

GPR148

38

2

0.6

and

68

2

0.6

*not 0.5g/t Au cut-off

QUILL ZONE DRILLING

Following the drilling of an oriented diamond drill hole (GPD70) into the Quill target, it was identified that the Quill zone actually dips to the north / north-west. Previous drilling in this area (see Company press release dated October 14, 2009) missed the main target. Two RC holes (GPR143 and 144) were drilled from North to South into the Quill zone and intercepted high-grade gold over significant widths.

The NE-SW trending and Quill zone is located 250m NW of the main zone at Porcupine and has been traced over 120m along strike. Quill is open in both directions along strike and to depth.

Hole No.

From (m)

Width (m)

Grade (g/t Au)

GPD070

26

7

0.5

and

43

15

0.4

and

124

2

0.8

and

147

1

1.3

GPR143

18

14

4.5

and

18

2

27.6

and

44

4

1.1

GPR144

32

20

2.2

and

44

2

19.4

and

84

2

3


PORCUPINE NW and NE ZONES

The majority of the RC drilling focussed on the strike extents and outlying areas of Porcupine. The results obtained have confirmed the presence of a 900m strike length of a WNW-trending mineralised structure which leads into the main Porcupine target, named Porcupine NW Zone. This structure varies between 2m and 40m wide, with grades usually in the range of 0.5-2g/t Au. This NW Zone remains open along strike to the NW, and to depth. So far, drilling has only tested this robust structure down to 50-70m depth.

Hole No.

Zone

From (m)

Width (m)

Grade (g/t Au)

GPD075

NE

58

2

1.4

GPD076

NE

21

7

1.3

GPR145

NW

24

2

0.6

and

NW

54

2

0.7

GPR149

NW

46

4

0.8

and

NW

74

2

0.6

GPR150

NW

52

14

0.9

GPR151

NW

28

2

1.1

And*

NW

42

46

0.2

GPR152

NW

42

18

0.5

GPR153

NW

2

2

1.1

And

NW

16

2

2

And

NW

70

2

0.7

And

NW

102

2

0.6

GPR154

NW

40

2

0.5

And

NW

48

8

1.5

GPR155

NW

40

2

0.7

GPR156*

NW

16

54

0.3

GPR157

NW

40

14

0.6

*not 0.5g/t Au cut-off

A plan map showing the location of the four zones, together with a revised long section of the Porcupine Main Zone is shown below. Results are also presented on the Company's website. Additionally, a revised 3D model will be available on www.corebox.net and through the Company's website: www.helioresource.com.

ABOUT THE SMP GOLD PROJECT

Helio, through its 100% owned subsidiary BAFEX Tanzania Ltd., can earn a 100% interest in five contiguous licences, which cover a 35km strike length of the Saza Shear Zone.

Since June 2006, the Company has drill-tested sixteen targets. Fifteen of the targets have intersected bedrock-hosted gold mineralisation, the most advanced being the Porcupine and Kenge Targets (see the Corporate Presentation on the Home Page of the Company's website at www.helioresource.com).

Chris MacKenzie, M.Sc., C.Geol., Helio's COO and a Qualified Person as designated by NI 43-101, supervises the exploration at the SMP project, including the sampling and quality assurance / quality control programmes, and has reviewed the contents of this news release. Intercepts are reported as drilled widths, true widths are estimated to be approximately 50-95% of the drilled widths (see the 3D Model on www.corebox.net for more clarity). For diamond drill core, continuous 1m samples were taken every through the main mineralised zone, and 2m samples were taken outside this. Samples were split with a core saw and one half was retained on site. For RC drilling, composite 2m samples were made by riffle splitting, and a reference sample retained for future work. All samples were submitted to the lab with internal QA/QC checks including the use of blanks and standards (ave. 1 every 17 samples) and duplicates (ave. 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. Unless otherwise stated, weighted average intercepts are calculated between the uppermost and lowermost samples within the main mineralised zone using a 0.5g/t Au cut-off and may include some internal waste.

For additional information, please contact Richard Williams at +1 604 638 8005 or by e-mail to richard@helioresource.com or Chris MacKenzie at +44 789 4237424 or by e-mail to chris@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



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.

 

View PDF | Click to Enlarge
http://www.helioresource.com/i/maps/2010-07-26_NRM1sm.jpg

 

View PDF | Click to Enlarge
http://www.helioresource.com/i/maps/2010-07-26_NRM2sm.jpg



View News Release in PDF Format:


Associated File: http://www.helioresource.com/i/pdf/2010-07-26_NR.pdf

298 KB in size, approx. 57 seconds to download at 56.6Kbps

You can also view this News Release on our website at:
http://www.helioresource.com/s/NewsReleases.asp?ReportID=410477



Helio Home | Contact Us | Investors | Corporate


July 26th, 2010

Helio Resource Corp. ("Helio" or the "Company") (TSX-V: HRC) is pleased to report all remaining results for the 2010 RC and diamond drill programme recently completed at the Porcupine Target, SMP Gold Project in the Lupa Goldfields, Tanzania.

Results come from 4 discrete zones of mineralisation, all from within the Porcupine Target area (see map below), namely:

1.     Porcupine Main Zone

2.     Quill Zone

3.     Porcupine NE

4.     Porcupine NW

Gold mineralisation was intersected in all four zones. Significant results from these areas include the following:

ZONE

Hole #

From (m)

Width (m)

Grade (g/t Au)

MAIN

GPD 78

136

31

1.6

 

and

175

25

1.5

 

GPD 92

21

84

0.8

 

and

207

44

2.0

 

GPD 93

29

104

1.0

 

and

221

19

2.6

 

 

 

 

 

QUILL

GPR 143

18

14

4.5

 

GPR 144

44

2

19.4

 

 

 

 

 

NE

GPD 76

21

7

1.3

 

 

 

 

 

NW

GPR 150

52

14

0.9

GPR 154

48

8

1.5


A total of eleven diamond drill holes (prefix GPD) and fourteen reverse circulation holes (prefix GPR) are reported here.

MAIN ZONE DRILLING

The diamond drilling focussed on the central portion of the Porcupine Main Zone, and three of these (GPD91-93) were drilled at the same orientation as GPD66, which intersected 79m @ 3.1g/t Au (see Company press release dated May 4, 2010). GPD91 was drilled in the hanging wall of the Main Zone, to test for NW-striking structures outside of the main mineralised envelope. GPD92 and 93 both intersected two wide zones of mineralisation, and confirm that the Porcupine Main Zone splits into two zones towards the west. The lower intercept in GPD92 appears to indicate the presence of a second high-grade shoot within the main Porcupine mineralisation envelope.

GPR146, which intersected 24m grading 1.6g/t Au is located approximately 65m to the SW of hole GPD41 on the attached long section.

Hole No.

From (m)

Width (m)

Grade (g/t Au)

GPD071*

118

1

0.4

GPD073

19

1

0.7

and

38

1

1.2

and

102

2

0.9

GPD078

136

31

1.6

and

175

25

1.5

GPD080

95

1

0.9

and

100

5

1.3

GPD091

149

1

2.4

and

193

2

0.9

and

226

1

1.6

and

263

3

1

GPD092

21

84

0.8

and

112

1

2

and

146

8

1.9

and

207

44

2

and

260

7

0.7

and

295

2

2

and

307

3

1.7

GPD093

29

104

1

Incl.

29

1

16.8

and

155

2

5.1

and

166

1

5.7

and

181

7

0.8

and

221

19

2.6

Incl.

237

1

15.2

Incl.

239

1

15.6

GPR145

54

2

0.7

GPR146

58

24

1.6

GPR147

38

2

6.2

GPR148

38

2

0.6

and

68

2

0.6

*not 0.5g/t Au cut-off

QUILL ZONE DRILLING

Following the drilling of an oriented diamond drill hole (GPD70) into the Quill target, it was identified that the Quill zone actually dips to the north / north-west. Previous drilling in this area (see Company press release dated October 14, 2009) missed the main target. Two RC holes (GPR143 and 144) were drilled from North to South into the Quill zone and intercepted high-grade gold over significant widths.

The NE-SW trending and Quill zone is located 250m NW of the main zone at Porcupine and has been traced over 120m along strike. Quill is open in both directions along strike and to depth.

Hole No.

From (m)

Width (m)

Grade (g/t Au)

GPD070

26

7

0.5

and

43

15

0.4

and

124

2

0.8

and

147

1

1.3

GPR143

18

14

4.5

and

18

2

27.6

and

44

4

1.1

GPR144

32

20

2.2

and

44

2

19.4

and

84

2

3


PORCUPINE NW and NE ZONES

The majority of the RC drilling focussed on the strike extents and outlying areas of Porcupine. The results obtained have confirmed the presence of a 900m strike length of a WNW-trending mineralised structure which leads into the main Porcupine target, named Porcupine NW Zone. This structure varies between 2m and 40m wide, with grades usually in the range of 0.5-2g/t Au. This NW Zone remains open along strike to the NW, and to depth. So far, drilling has only tested this robust structure down to 50-70m depth.

Hole No.

Zone

From (m)

Width (m)

Grade (g/t Au)

GPD075

NE

58

2

1.4

GPD076

NE

21

7

1.3

GPR145

NW

24

2

0.6

and

NW

54

2

0.7

GPR149

NW

46

4

0.8

and

NW

74

2

0.6

GPR150

NW

52

14

0.9

GPR151

NW

28

2

1.1

And*

NW

42

46

0.2

GPR152

NW

42

18

0.5

GPR153

NW

2

2

1.1

And

NW

16

2

2

And

NW

70

2

0.7

And

NW

102

2

0.6

GPR154

NW

40

2

0.5

And

NW

48

8

1.5

GPR155

NW

40

2

0.7

GPR156*

NW

16

54

0.3

GPR157

NW

40

14

0.6

*not 0.5g/t Au cut-off

A plan map showing the location of the four zones, together with a revised long section of the Porcupine Main Zone is shown below. Results are also presented on the Company's website. Additionally, a revised 3D model will be available on www.corebox.net and through the Company's website: www.helioresource.com.

ABOUT THE SMP GOLD PROJECT

Helio, through its 100% owned subsidiary BAFEX Tanzania Ltd., can earn a 100% interest in five contiguous licences, which cover a 35km strike length of the Saza Shear Zone.

Since June 2006, the Company has drill-tested sixteen targets. Fifteen of the targets have intersected bedrock-hosted gold mineralisation, the most advanced being the Porcupine and Kenge Targets (see the Corporate Presentation on the Home Page of the Company's website at www.helioresource.com).

Chris MacKenzie, M.Sc., C.Geol., Helio's COO and a Qualified Person as designated by NI 43-101, supervises the exploration at the SMP project, including the sampling and quality assurance / quality control programmes, and has reviewed the contents of this news release. Intercepts are reported as drilled widths, true widths are estimated to be approximately 50-95% of the drilled widths (see the 3D Model on www.corebox.net for more clarity). For diamond drill core, continuous 1m samples were taken every through the main mineralised zone, and 2m samples were taken outside this. Samples were split with a core saw and one half was retained on site. For RC drilling, composite 2m samples were made by riffle splitting, and a reference sample retained for future work. All samples were submitted to the lab with internal QA/QC checks including the use of blanks and standards (ave. 1 every 17 samples) and duplicates (ave. 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. Unless otherwise stated, weighted average intercepts are calculated between the uppermost and lowermost samples within the main mineralised zone using a 0.5g/t Au cut-off and may include some internal waste.

For additional information, please contact Richard Williams at +1 604 638 8005 or by e-mail to richard@helioresource.com or Chris MacKenzie at +44 789 4237424 or by e-mail to chris@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



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.

 

View PDF | Click to Enlarge
http://www.helioresource.com/i/maps/2010-07-26_NRM1sm.jpg

 

View PDF | Click to Enlarge
http://www.helioresource.com/i/maps/2010-07-26_NRM2sm.jpg



View News Release in PDF Format:


Associated File: http://www.helioresource.com/i/pdf/2010-07-26_NR.pdf

298 KB in size, approx. 57 seconds to download at 56.6Kbps

You can also view this News Release on our website at:
http://www.helioresource.com/s/NewsReleases.asp?ReportID=410477



Helio Home | Contact Us | Investors | Corporate

? 2005-2010 Helio Resource Corp. All Rights Reserved.
Legal Disclaimer


 

Helio Resource Corp

EXPLORATEUR
CODE : HRC.V
ISIN : CA4232741096
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Helio est une société d’exploration minière d'argent et d'or basée au Canada.

Helio détient divers projets d'exploration en Namibie.

Ses principaux projets en exploration sont OTJITOMBO, OTJITOMBO SOUTH, TEVREDE NORTH, ETJO NORTH, ETJO SOUTH, OTJIMBOJO, WILHELMSTAL, KUNJAS, MAKURU, VREDELUS et DAMARA en Namibie et SAZA MAKONGOLOSI (SMP) en Tanzanie.

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14/02/2012Announces Updated Mineral Resource Estimate at SMP Gold Proj...
06/02/2012Reports Drill Results from DGP Gold Project, Namibia, includ...
23/01/2012(Damara)Reports Results from a Soil Sampling Survey at the Gold Kop ...
17/01/2012Latest Drill Results Discover Multiple Zones of Mineralisati...
13/01/2012Interview with Jay Taylor
10/01/2012Drill Results Confirm Mineralisation over 1.4km Strike Lengt...
07/12/2011Intersects 7.4m Grading 6.1g/t Au at the Quill Zone, SMP Gol...
28/11/2011(Damara)Reports Additional Diamond Drill Results from the Gold Kop T...
22/09/2011discovers new gold mineralization over 1km strike length at ...
15/09/2011Corporate Update Alert
24/08/2011(Damara)Reports First Rc Drill Results from the Gold Kop Target, Dam...
12/07/2011Discovers Multiple Zones of Gold Mineralisation at SMP Gold ...
13/06/2011(Damara)Makes a Significant New Gold-Copper-Silver Discovery at the ...
14/04/2011(Damara)Commences 5,000m Drill Programme on the Gold Kop Target, Dam...
22/03/2011(Damara)Discovers New Targets at the Damara Gold Project in Namibia
26/07/2010(HRC:TSX-V): Latest Drill Results Confirm Main Zone Extensio...
10/11/2008Reports Additional Excellent Drill Results from Porcupine Ta...
11/08/2008Reports Excellent Metallurgical Testwork Results from SMP Go...
02/08/2008Terminates Agreement with TransAfrican Minerals Ltd.
13/03/2008OPTIONS EIGHT NAMIBIAN LICENCES TO TRANSAFRICAN MINERALS
13/11/2007 21.53m grading 3.62g/t Au Included in Additional Drill Resu...
06/11/200716.75m grading 3.93g/t Au included in latest drill results f...
29/10/2007Discovers Another New Gold Zone at the SMP Gold Project in T...
23/10/2007Discovers New Gold Zone on the SMP Gold Project, Tanzania
24/09/2007Options 9 Namibian Licences to Desert Minerals (UK) Ltd.
14/09/2007Update on Namibia Exploration Activities
11/09/2007Report on AGM and Update on Tanzania Drilling Activities
05/06/2007June 1/Helio announces warrant triggering event
21/03/2007reports more well-mineralised drill intercepts at the SMP go...
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TSX-V (HRC.V)
0,140+16.67%
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CA$ 0,140
03/01 13:06 0,020
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