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Helio Resource Corp. (HRC:TSX-V) is a well-financed junior gold exploration company focused on developing the SMP Gold project in Tanzania into a significant gold resource.
SMP Gold Project in Tanzania
Helio controls 27 km of the Saza Shear Zone, the main gold bearing structure in the region. Since June 2006, the Company has drill-tested thirteen targets, eleven of which are hosted by the Saza Shear Zone. All thirteen targets have intersected bedrock-hosted gold mineralization; the most advanced being the Kenge target, which has returned up to 21.95m grading 6.92g/t gold.
The primary objective of the current 20,000m drill programme is to:
• outline a resource at the 2km long Kenge target, where infill drilling is ongoing;
• demonstrate the potential to significantly increase upon that resource by drill testing newly defined targets, such as Mbenge (39m @2.6g/t Au) and Porcupine (42m @ 2g/t Au).
For detailed drill results click here.
Partnerships
In addition to the advanced SMP gold project in Tanzania, Helio has a portfolio of earlier stage projects in Namibia, Botswana and Mozambique. As part of its strategic approach to project development, Helio now has 17 Namibian licences under option to well funded partners: 9 of its Namibian licences were optioned to Desert Minerals (UK) Ltd. in September 2007 and on March 13, 2008 Helio optioned 8 Namibian licences to TransAfrican Minerals Ltd. Helio continues to pursue joint venture partners for its other projects in Namibia, Botswana and Mozambique. | | | |
- Jul 02, 2008: News Releases: Helio Reports Further Drill Results from the Kenge Target, SMP Gold Project... more...
- Jun 23, 2008: News Releases: Helio Reports The Best Result To Date From The SMP Gold Project, Tanzania: more...
- Jun 17, 2008: News Releases: Helio Closes Bought-Deal Brokered Private Placement for $5,100,000 more...
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