|Fri Sep 14, 2007|
Update on Namibian Exploration Activities
Helio Resource Corp (the "Company") (TSX-V: HRC) is pleased to provide an update on its exploration activities in Namibia.
The company has completed an extensive soil sampling progamme, covering approximately 140km2, over prospective volcano-sedimentary strata on the Tevrede North licence. 4,381 soil samples were collected on a 500 x 100m sampling grid. A number of coincident anomalies were detected. Peak geochemical assays are:
These results represent the highest reconnaissance soil sampling values recorded by Helio in the Kamanjab area and are considered highly significant given the wide spacing of the sampling grid.
Follow up detailed soil sampling and mapping is currently being planned in order to delineate drill targets.
An updated profile of the Tevrede North licence will be posted shortly on the Company's website www.helioresource.com.
New Licences Granted
The Company is pleased announce that it has been granted four new licences in the Damara Gold Belt close to the Company's Vredelus and Makuru licences. The new licences are as follows:
EPL 3738 - WILHELMSTAL
EPL 3739 - OTJIMBOJO
EPL 3741 - ETJO SOUTH
Helio Resource Corp. is a dynamic, technically-driven mineral exploration company, focused on high-quality project generation in southern Africa. Helio is actively exploring 26 prospective gold, base-metal and diamond properties in Namibia, Botswana, Mozambique and Tanzania. The main focus for the Company is the development of the SMP gold project in Tanzania. As part of its strategic approach to project development, Helio continues to pursue joint venture partners for its projects in Namibia, Botswana and Mozambique and to assess new opportunities in southern Africa.
For additional information, please contact Richard Williams or Irene Dorsman at +1 604 638 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.
You can return to the Top of this page