|Thu Mar 17, 2005|
Helio Identifies Major New IP Anomaly on the Otjitombo Property
|March 17, 2005 Helio Resource Corp. (TSX-V: HRC) ("Helio") is pleased to announce results from a recently completed induced polarization (IP) geophysical survey from its 100% owned Otjitombo property. |
Otjitombo hosts a discontinuous 7km-long zone of anomalous copper-in-soil values, within which are numerous copper occurrences protruding from extensive sand cover. Helio previously conducted IP surveys over a 3 x 1.5km grid covering the best-known area of outcropping copper mineralization at the north east end of the copper trend. That survey identified a number of large IP anomalies spatially related to the known mineralisation. Helio is conducting an ongoing diamond drilling programme to test these IP anomalies
The new IP survey has identified a major IP chargeability anomaly extending a distance of 3.5km away from the limits of the old IP survey, demonstrating that IP anomalies occur over the whole of the 7km copper trend. The largest newly discovered chargeability anomaly measures approximately 2.5km long by 900m across (> 20 msecs) - see attached image. This anomaly lies under cover immediately adjacent to outcropping Cu-Au-Co occurrences, and is coincident with a major magnetic anomaly. This new anomaly has never been drill tested.
As previously reported, drilling of known copper occurrences adjacent to covered IP anomalies has returned results of 22m grading 1.06% Cu and 0.26 g/t Au from Target A, and 32m grading 0.97% Cu and 0.11 g/t Au from Target B (see Helio press release dated 15th March 2005). It is anticipated that further drilling will be conducted in order to characterise the newly discovered IP anomaly.
Chris MacKenzie, Chartered Geologist and Helio's Executive Chairman, is the Qualified Person as designated by NI43-101 and has reviewed and approved the content of this news release.
For additional information, please contact Richard Williams at (604) 668 8356 or by e-mail at firstname.lastname@example.org
ON BEHALF OF THE BOARD OF DIRECTORS,
"Richard D. Williams"
Richard D. Williams, P.Geo
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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