|Mon Nov 21, 2005|
Presence of G10 Garnets Confirmed at Lokgwabe
|High resolution airborne magnetic survey begins on Botswana diamond project|
Helio Resource Corp. (TSX-V: HRC) ("Helio") is pleased to announce that check sampling at the Lokgwabe diamond project in Botswana has confirmed the presence of G10 garnets. A total of five discrete Kimberlite Indicator Mineral ("KIM") anomalies have been discovered to date, none of which have yet been drill-tested.
In addition, Indicator Minerals Inc (TSX-V: IME) ("Indicator"), Helio's partner at Lokgwabe has commissioned Worley Parsons GPX Pty Ltd of Australia to fly a 22,000 line km high-definition airborne magnetic and radiometric survey over the entire 3,000km2 project area, which started on November 17.
Indicator submitted 130 soil samples, collected over 4 previously discovered KIM anomalies. Seventy nine (79) of the soil samples possessed one or more KIM. Results included four pyrope garnets with G10 chemistry from two of the KIM anomalies.
The chemical compositions of the indicator minerals suggest that they were derived from potentially diamond bearing kimberlite. The source kimberlites are believed to be located within the project area based on surface textures of the indicator minerals recovered and the local surface geology.
The 22,000 line km high-definition airborne magnetic and radiometric survey will provide complete coverage of the 3,000km2 project area.
Providing favourable weather conditions, the survey is expected to take about four weeks to complete. Preliminary results will be available before year-end and will be used to identify the potential bedrock sources of the KIMs. Survey lines will be nominally spaced at 150m, with a mean terrain clearance of 70m.
Drilling of high priority targets could commence as early as the 1st quarter of 2006. Grant Lockhart, Geophysicist and Indicator's Senior Consultant and Technical Advisor, will directly supervise the quality control of the airborne survey.
Bruce Counts, P.Geo, Indicator's President and a Qualified Person as designated by NI 43-101 has reviewed the technical content of this news release. The samples were analysed for KIMs at Mineral Services Laboratories in Cape Town, South Africa.
Helio Resource Corp., based in Windhoek Namibia, is one of Southern Africa's leading exploration companies and specializes in innovative new-project generation. Helio is actively developing 9 prospective gold, copper and diamond properties in Namibia and Botswana. Helio has forged strategic partnerships with firms such as Teck Cominco, Indicator Minerals, Yale Resources, Boulder Mining and Springbok Resources in order to advance a number of its projects.
For additional information, please contact Richard Williams by e-mail at email@example.com or Irene Dorsman 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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