|Tue Sep 18, 2007|
Diamond Drilling Intersects 19.4m @ 3g/t Au, 23.5m @ 2.1g/t Au and 39.3m at 1.33g/t Au at the SMP Gold Project, Tanzania
Helio Resource Corp (the "Company") (TSX-V: HRC) is pleased to provide an update from the Company's ongoing drilling programme at the SMP Gold Project in Tanzania. These results continue to support Management's view of the excellent resource potential in the Kenge and Snakebite areas and the greater SMP project area.
Results from twelve diamond drill holes have been received and are reported here, the highlights of which are as follows:
Assay results for SZD-41 and SZD-42 are still pending.
The 12 drill holes were drilled along the eastern half of the 2km long Kenge structure (see map at www.helioresource.com for drill hole locations and intersections).
SZD-40 is particularly important as it is the deepest drill hole drilled to date along the Kenge structure and shows that the zone is still mineralized and gets thicker with depth. It was collared over 150m away on strike to the northwest of SZD20 (news release dated May 23, 2007) which intersected 18.63m grading 3.64g/t gold.
The higher-grade mineralization outlined by drilling in the central part of the Kenge structure is open to depth and along strike to the northwest.
A long section of all the holes drilled to date in the central section of the Kenge structure is also posted on the Company's website.
A table presenting all of the Kenge drill data is presented below.
Drill-holes SZD-34 through SZD-38, were drilled across an mbuga-covered valley where the Kenge structure is under cover and appears to be cut by a number of faults. Mineralized intercepts were reported in each hole in this area although it is uncertain if the main structure was intersected. These intersects received confirm the continuity of mineralisation along the Kenge structure under cover along the southeastern half of the target.
In addition to the drill holes reported here, the Company has completed 21 reverse circulation ("RC") drill holes (for 1284m) along the Kenge target, and is currently still diamond drilling there. The plan is to provide drill hole coverage spaced at least every 50m along the 2km long structure. A map showing the holes completed to date together with planned holes is also shown on the Company's website.
Seven diamond drill holes were completed at the Snakebite target. The best intercept was 2.39m @ 9.64g/t Au. The drilling confirms the presence of a higher grade northern zone and a lower grade southern zone. Two of the drill holes intersected old workings along the northern zone and an incomplete intersection was recorded. The drill results are also on the plan map representing the Kenge target.
This drilling has confirmed strike continuity of mineralization over a strike length of 450m and is open along strike and to depth. Further drilling is required to determine the strike extent of this target.
Table of Drill Results
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 -48º 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. Certain selected assays from drilling at Snakebite were re-assayed using the screen fire assay method to overcome the "nugget effect" present here. 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. Except when otherwise stated above, weighted average intercepts are calculated between the uppermost and lowermost samples exceeding a 0.5g/t cut-off within the confines of the main mineralised zone.
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.
View News Release in PDF Format:
You can return to the Top of this page