|Mon Mar 26, 2007|
Uranium Potential Highlighted At Balama Project, Mozambique
|Helio Resource Corp. ("Helio" or the "Company") (TSX-V: HRC) is pleased to report that new high resolution airborne magnetic and radiometric data acquired by the Mozambique Geological Survey shows the presence of two large uranium anomalies within the Company's Balama licence, located in northern Mozambique.|
The core of the largest of the two anomalies is approximately 4km long by up to 500m wide, and is located in the central northern part of the licence. The smaller of the two anomalies is located 3km to the southwest, and measures approximately 1km x 500m.
The airborne geophysical data was collected during the recent World Bank funded airborne geophysical survey of Mozambique.
Mr. P. Siegfried (B.Sc, M.Sc., MAusIMM.) one of the Company's geological consultants with extensive experience of uranium and other radioactive element exploration in southern Africa states: "The two areas of anomalous uranium exhibit the most intense uranium response measured within the entire northern part of the country -- an area of over 70 000 km2. This region has never been previously prospected for uranium.
The uranium data has been presented in 'ppm' and a maximum of 79 ppm recorded. Experience on other uranium projects in other parts of the subcontinent, shows that these 'ppm' values are generally under represented. Rock and soil sampling needs to be completed at the earliest opportunity to verify the airborne data"
Background levels from the airborne survey are generally below 5ppm Uranium.
Potential targets would include structurally controlled and sediment hosted uranium mineralisation. According to Mr. Siegfried, the two anomalous areas are related to:
1. vanadium bearing graphite schist units, and;
2. schists in contact with a late-stage highly fractionated granite. This zone can be traced for over 4 km.
A map showing the radiometric response over the Balama licence can be viewed below or at the Company's website at www.helioresource.com.
The next phase of work requires ground follow-up to identify the cause of the anomaly.
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. Helio is focusing on progressing the SMP project in Tanzania.
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
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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