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HELLIX VENTURES INC.
Phone (604) 683-6616
Fax (604) 684-4407
www.hellixventures.com
Email: info@hellixventures.com
PRESS RELEASE
July 14, 2008
La Luz Tunnel Expansion Progress
HELLIX VENTURES INC. (HEL:TSX.V / HLLXF:OTC) -Vancouver, BC- Frank Underhill, President, announces the following on the Las Minitas project - La Luz tunnel expansion progress to date:
As at July 11, 2008, the tunnel expansion is approaching the 110 metre mark.
We are nearing the location (120 metre mark) of two formerly announced high grade samples taken over a width of 1.6 metres. These ran 2,343 grams and 1,585 grams silver, and 4.93 grams and 1.79 grams gold respectively.
On site personnel includes a crew of 6 - 8 men plus a couple of casual laborers. Crew accommodations have been secured 1 km to the south of the project. Equipment employed includes two jack-legs, a 2000 cfm air compressor, and a front end loader with a 5 cu.yd. bucket.
Expansion advance is approximately 5 metres per day, with the crew working around the clock in two 12-hour shifts. Each round involves 26 x 1.5 metres jackleg holes plus loading, firing and rock removal. We are about 150 metres from the point of the first drill crosscut (one of two planned crosscuts).
All of the dump material from the tunnel has been loaded onto the road, providing another 1 - 3 metres of height to the roadbed. The access road has been fully completed just ahead of the rainy season.
Preparations are being made in advance of the impending NQ diamond drill program including acquisition of downhole survey equipment and construction of a core shed.
HELLIX VENTURES (HEL - TSX.V) is engaged in the identification, acquisition, exploration and development of gold and silver properties in Mexico. Hellix has no debt (other than short-term trade payables), and has positive cash flow from fossil fuel production in Western Canada. All transactions stated or referred to herein are expressly subject to TSX Venture Exchange approval as well as all other applicable regulatory body approvals.
This release has been reviewed by Qualified Person John Jenks, P. Geo.
ON BEHALF OF THE BOARD OF DIRECTORS
HELLIX VENTURES INC.
Frank Underhill
President
Website: www.hellixventures.com Email: info@hellixventures.com
Toll Free: 1-877-430-3113 Phone: (604) 683-6657 Fax: (604) 684-4407
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. The forgoing is for informational purposes only, and is not to be construed as an offer to buy or sell securities in any jurisdiction. It may contain forward-looking statements. While the data compiled by management is from sources deemed to be reliable, actual future results may vary materially. Hellix Ventures Inc. does not assume the obligation to update any forward-looking statement and will not be responsible for any loss or damage arising from the use of this information. Any unauthorized use, distribution or copying of this communication by other than the intended recipient is strictly prohibited. If you have received this in error, please delete immediately. |