|Tue May 29, 2007|
Helio Adds a Second Drill Rig on the SMP Gold Project, Tanzania -- Expected to Drill More than 15,000m in 2007
|Helio Resource Corp. ("Helio" or the "Company") (TSX-V: HRC) is pleased to report that an RC (Reverse Circulation) drill rig has been added to the current drill programme at the past-producing SMP gold project in Tanzania. |
The RC drill rig, contracted from Stanley Mining Services of Tanzania, will be used to test a number of targets located along a 25km long section of the Saza Shear Zone, which is the main gold-bearing structure in the Lupa Goldfields.
Helio currently has a diamond drill rig focused on drilling the 2km long Kenge Target (see news releases dated May 23, 2007 and March 21, 2007).
Between the two drill rigs, Helio expects to drill 15,000m in 2007.
Helio Resource Corp. is a dynamic, technically driven mineral exploration company, focused on project generation in politically and economically stable countries in southern Africa. 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, the company is continuing to attract joint venture partners for its other projects in Namibia, Botswana and Mozambique. In addition, the company continues to look for new acquisition opportunities.
For additional information, please contact Richard Williams or Irene Dorsman at (604) 638 8007 or by e-mail to firstname.lastname@example.org or email@example.com.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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