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Helio Resource Corp. (the "Company") (TSX-V: HRC) is pleased to
present results from five more diamond drill holes from the SE Zone of
the Kenge target, within the SMP Gold Project in Tanzania (See Company
press releases, dated October 15, 2007 and November 6, 2007). The current
batch of diamond drill results includes:
- 21.53m at 3.62g/t gold in SZD056
- 16.16m at 2.79g/t gold in SZD060
The drill results are tabulated below. All
holes successfully intersected wide thicknesses of shear-hosted gold
mineralisation associated with a major intrusive complex, and continue to
confirm both the lateral and down-dip continuity of the zone at the Kenge
target.
KENGE SE ZONE
The Kenge SE zone is located near the intersection with the ENE-trending
Saza Shear Zone and the NW-trending Kenge Shear Zone. It dips to the SW
at between 60 and 80 degrees. The zone is over 150m long, up to 30m
thick, and has been confirmed by drilling to over 180m down-dip. The zone
is open along strike and down-dip. Previously reported drill intercepts
from the SE Zone include 20.26m at 3.08g/t gold, 20.47m at 2.99g/t gold,
7.5m at 4.01g/t gold, and 39m at 0.54g/t gold. A revised long section and
two sections can be found below and on the company's website.
Table of Drill Results
Hole #
|
From (m)
|
Width (m)
|
Grade (g/t Au)
|
Zone
|
Comments
|
SZD-056
|
81.77
|
21.53
|
3.62
|
SE
|
|
SZD-057
|
28.43
|
17.53
|
1.19
|
SE
|
|
SZD-058
|
7.55
|
27.35
|
0.84
|
SE
|
Open
|
SZD-059
|
41.73
|
24.84
|
1.18
|
SE
|
|
SZD-060
|
135.0
|
16.16
|
2.79
|
SE
|
|
All holes were drilled on sections 50m apart, and current holes were infill
holes which closed the spacing along the sections down from 50m to 25m.
One more infill diamond drill hole (SZD-061) was completed on the SE Zone
of the Kenge target and results are pending.
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 -48� or -60� and drilled
perpendicular towards the main structural trend. Samples averaging 1.0 to
1.5m were halved and submitted to laboratory (the other half of the core
is retained). QA/QC includes the use of blanks and standards (1 every
15-20 samples) and duplicates (1 every 20-30 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, which
range from 60% to 90% of true widths. Except when otherwise stated
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 other 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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