|Mon Jan 8, 2007|
Helio Drills 20.26 Metres Grading 3.08G/T Au At The Saza Gold Project, Tanzania
|Helio Resource Corp. ("Helio" or the "Company") (TSX-V: HRC) is pleased to report results from the first three diamond drill holes (total of 509m) of the current 5,000m first-phase diamond drilling programme from the past-producing Saza gold project in Tanzania. Helio controls a 27km long section of the known gold belt.|
The most significant intercept is 20.26m grading 3.08g/t Gold from 83.86m (including 5.01m@ 6.98g/t Au) in Hole SZD-02 on the Kenge Target. The results confirm Management's view of the excellent potential in the Saza area and the potential of the Kenge target to develop into an open pittable resource.
Drill results received to date are tabulated below.
Table of significant drill intercepts. Hole Target From (m) Length (m)* Au (ppm) SZD-01 Snakebite 39.22 1.95 0.6 And 62.72 1.03 6.22 And 99.67 2.33 4.68 And 127.68 0.95 1.39 SZD-02 Kenge 83.86 20.26 3.08 Including 97.12 5.01 6.98 SZD-03 Kenge 27.7 1.53 1.01 And 85.65 2.36 1.15* intercepts are believed to represent between 75 and 95% of true width.
A cut-off grade of 0.5g/t was applied, with a maximum of 1.6m of internal waste.
Hole SZD-01, drilled on the Snakebite target, was collared 150m on-strike to the west of RC hole SZR-15 which returned 8m grading 20.77g/t Au (Company press release dated November 6, 2006). The combined results confirm the potential for multiple, high-grade shoots in this area. The Snakebite target is located along the Saza Shear Zone (SSZ) which hosted the New Saza Mine 1 and 2 shafts, the Gap Mine and the Kwaheri Mine, all colonial-era operations. Saza 2 shaft is located 1.7km away on strike to the WSW from Snakebite.
At the Kenge target, hole SZD-02 is located 80m on strike to the NW of RC hole SZR-18, which intersected 32m grading 0.40g/t Au (Company press release dated September 6, 2006). Both holes test the southern portion of the robust Kenge Shear Zone (KSZ), which is traceable for more than 1,500m.
Also at Kenge, hole SZD-03 was collared 100m on-strike to the NE of RC hole SZR-11, which intersected 18m grading 1.62g/t Au (Company press release dated September 6, 2006). Logging of the core from hole SZD-03 suggests that the mineralised section has been offset by a minor fault.
A plan map showing collar locations and results to date is shown below and on the Company's website at www.helioresource.com.
Helio commenced a 5,000m diamond drill programme in November 2006. Results from the first 3 diamond drill holes (for 509m) have been received and are reported here. Drilling is due to resume in mid-January.
Chris MacKenzie, M.Sc., C.Geol., Helio's COO and a Qualified Person as designated by NI 43-101, supervised the sampling and quality assurance / quality control programmes at Saza, and has reviewed the contents of this news release. Selected samples were prepared from average core lengths varying between 1 and 3m. Core was halved with a core saw, one half was submitted to laboratory and the other half retained. QA/QC included use of blanks and standards (1 every 17 samples) and duplicates (1 every 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.
Helio Resource Corp., based in Windhoek, Namibia, is one of Southern Africa's leading exploration companies, specializing in project generation. Helio is actively exploring 18 prospective gold, base-metal and diamond properties in Namibia, Botswana, Mozambique and Tanzania. As part of its strategic approach to project development, Helio has worked in partnership with firms such as Teck Cominco, Boulder Mining, Indicator Minerals, and Yale Resources to advance a number of its projects.
For additional information, please contact Richard Williams or Irene Dorsman at (604) 668 8363 or by e-mail to email@example.com or firstname.lastname@example.org.
ON BEHALF OF THE BOARD OF DIRECTORS
"Richard D. Williams"
Richard D. Williams, P.Geo
Christopher J. MacKenzie, C.Geol.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
click to enlarge
You can return to the Top of this page