|Fri Feb 2, 2007|
Helio Reports Rock Sample Results From The Saza-Makongolosi Gold Project, Tanzania
|Helio Resource Corp. ("Helio" or the "Company") (TSX-V: HRC) is pleased to report initial channel sampling and rock grab sampling results from the Ilunga, Gap and Kwaheri licences, which are contiguous with the Saza licence (see Company press release dated January 8, 2007). Together these licences comprise the Saza-Makongolosi gold project (SMP), which is located in the Lupa Goldfields, SW Tanzania.|
Results include the following samples tabulated below:
The Kwaheri licence contains a small colonial era mine, which reportedly produced gold at an average grade of 7g/t Au. Outcrop is limited due to extensive soil cover, but grab samples collected returned very high gold values. In addition, sampling was conducted on a new target -- Panya - which is a thick sulphidised quartz reef with similarities to the Kenge zone on the Saza Licence.
Sampling results from the Gap licence has identified numerous auriferous targets for follow up work. The Gap licence contains the colonial era Gap Mine which reportedly produced gold at an average grade of 15g/t Au from narrow high-grade structures.
The Mbenge target is located on an IP chargeability anomaly some 800m East along strike from the Snakebite target, where drilling has recorded 8m grading 20.77g/t Au (company press release dated November 6, 2006).
The company is highly encouraged by the results from this rock-sampling programme, and is currently in the process of covering the Ilunga, Gap and Kwaheri licences with both soil sampling and IP geophysical surveys. The combined soil sampling and IP programmes are expected to generate new drill targets. This approach has proved particularly effective in progressing the Saza licence, where four targets, namely Cheche, Kenge, Snakebite, and Konokono have all been successfully drill tested within the last 8 months.
On the Saza licence, a 5,000m diamond drill programme is ongoing, and the company is currently sourcing a reverse circulation (RC) rig to speed up the exploration effort.
A plan map showing the location of the main, currently-known, anomalies is shown below and on the Company's website at www.helioresource.com. Note that this map includes rock sample data from work programmes undertaken by previous explorers. The SMP covers ~ 27km of prospective strike length of the Saza Shear Zone.
Helio can earn a 100% interest, subject to a royalty, on all four licences (for full agreement details please refer to news releases dated December 19, 2005 and September 11, 2006).
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 SMP project, and has reviewed the contents of this news release. A total of 69 rock grab and continuous-channel samples were collected. 40 of these assayed over 0.5g/t Au. 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 firstname.lastname@example.org or email@example.com.
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 here to enlarge
You can return to the Top of this page