News
Show printable version of 'Helio Intersects 6.9g/t Gold Over 21.95M at the Ke...' in a New Window
News Releases
 Wed May 23, 2007
Helio Intersects 6.9g/t Gold Over 21.95M at the Kenge Target on the SMP Gold Project, Tanzania

 Helio Resource Corp. ("Helio" or the "Company") (TSX-V: HRC) is pleased to report results from an additional 14 drill holes from the Kenge Target at the past-producing SMP gold project in Tanzania.

The most significant intercepts from this batch of drill holes include:
  • 21.95m @ 6.9g/t Au in hole SZD-23 (includes 3.56m @ 36.88g/t Au)
  • 18.63m @ 3.6g/t Au in hole SZD-20
  • 10.5m @ 3.3g/t Au in hole SZD-19
  • 11.5m @ 2.6g/t Au in hole SZD-21
  • 9.2m @ 2.1g/t Au in hole SZD-24
  • 19.66m @ 1.9g/t Au in hole SZD-13
The Company has previously reported drill intercepts including 20.26m grading 3.1g/t Au, 20.47m grading 3.0g/t Au and 7.5m grading 4.0g/t Au (see Company press release dated March 21, 2007). Helio controls a 27km long section of the known gold belt: the Kenge Target is located along the western extremity of this belt.

These results continue to support Management's view of the excellent resource potential in the Kenge area and the greater SMP project area.

A table of significant drill intercepts and a plan map showing all the intersections on the Kenge zone to date is included below and on Helio's website at www.helioresource.com.

This batch of drilling has focussed on testing the lateral- and down-dip continuity of mineralisation previously discovered in two reverse circulation drill holes: SZR-10 and SZR-11, located 600m apart along the Kenge Shear Zone (see company press release dated September 6, 2006). These two RC holes were twinned with diamond drill holes to confirm the tenor of mineralisation in core. SZR-10 intersected 16m grading 1.63g/t Au and its twin, SZD-19, intersected 10.5m grading 3.27g/t. SZR-11 intersected 18m @ 1.62g/t Au and its twin diamond drill hole (SZD-13) intersected 19.66m @ 1.90g/t Au. SZD-19 is located approximately 650m to the NW of SZD-02 which intersected 20.26m grading 3.08g/t Au.

Excellent grade continuity was proven around SZD-19, as shown in the long section and two cross sections (from section lines 100m apart) shown below and at www.helioresource.com.

Drilling is ongoing, and is currently focused on the Kenge target.

Table of significant drill intercepts.

Hole

From (m)

Length(m)

Au (g/t)

 

 

 

 

SZD-13

42.20

1.0

4.62

And

50.50

19.66

1.90

 

 

 

 

SZD-15

230.46

1.48

1.27

 

 

 

 

SZD-17

49.20

0.80

3.17

And

93.00

1.25

1.83

And

98.05

2.89

2.11

And

126.35

4.73

1.5

 

 

 

 

SZD-18

212.10

2.79

1.52

 

 

 

 

SZD-19

127.90

10.5

3.27

 

 

 

 

SZD-20

151.85

18.63

3.64

 

 

 

 

SZD-21

121.96

11.5

2.61

 

 

 

 

SZD-23

95.00

21.95

6.92

Including

105.37

3.56

36.88

 

 

 

 

 

 

 

 

SZD-24

145.80

9.2

2.13

 

 

 

 

Holes SZD-01 to SZD-09 and SZD-11 have previously been reported.
Holes SZD-10, -12,-14, -16 and -22 did not intersect economic-grade mineralisation.

Chris MacKenzie, M.Sc., C.Geol., Helio's COO and a Qualified Person as designated by NI 43-101, supervises the sampling and quality assurance / quality control programmes at Saza, and has reviewed the contents of this news release. Drill holes were oriented at between -50º and -60º and drilled perpendicularly towards the main structural trend. Selected samples were prepared from 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 includes the use of blanks and standards (1 every 18 samples) and duplicates (1 every 28 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. Mineralised intercepts are reported as drilled widths, which appear to range from 65% to 95% of true widths. Weighted average intercepts are calculated between the uppermost and lowermost samples exceeding a 0.5g/t cut-off within the confines of main mineralised zone.

Helio Resource Corp., based in Windhoek, Namibia, is one of Southern Africa's leading exploration companies, specializing in project generation. Helio is actively exploring 20 prospective gold, base-metal and diamond properties in Namibia, Botswana, Mozambique and Tanzania, and is focusing on progressing the SMP gold project in 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) 638 8007 or by e-mail to richard@helioresource.com or irene@helioresource.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"Richard D. Williams"
Richard D. Williams, P.Geo
CEO
"Chris MacKenzie"
Christopher J. MacKenzie, C.Geol.
COO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


click here to enlarge



click here to enlarge



click here to enlarge



click here to enlarge


 
 

You can return to the Top of this page