|Mon Oct 15, 2007|
Drilling Intersects 32m @ 2.35G/t Au and 18M @ 2.69G/t Au at the SMP Gold Project, Tanzania Confirming Three Main Mineralised Zones Along the Kenge Structure
Helio Resource Corp. (the "Company") (TSX-V: HRC) is pleased to present a further update from the Company's ongoing drill programme at the Kenge target, within the SMP Gold Project in Tanzania.
Highlights from this current batch of drill results include:
The new drilling results reported herein confirm the presence of continuous gold mineralization over the full known 2km-long strike length of the Kenge Target. These results show the presence of three main mineralized zones which have a combined strike length of 1,250m. The three main zones of mineralization have been named Kenge Main Zone, Kenge SE Zone and Kenge NW Zone. Maps showing all drill intercepts to date, the location of the three zones and individual long sections for each of the three main zones at the Kenge target can be found below.
KENGE MAIN ZONE
The Kenge Main Zone is the largest of the three main mineralized zones, with a strike length of over 750m and a true width of up to 30m. The zone has been drilled to a depth of 220m below surface, is open to depth, and appears to get thicker with depth. Drill intersects in the Main Zone include: 19.66m grading 1.9g/t Au in the extreme NW; 18.63m at 3.63g/t Au and 39.32m at 1.33g/t Au in the centre of the zone; and 21.95m grading 6.92g/t Au, 19.43m at 3.01g/t Au and 13.47m at 1.64g/t Au at the southeastern end of the zone. A long section is posted on the Company's website showing all drill intercepts from this zone to date.
KENGE SE ZONE
The Kenge SE zone is located near the intersection with the ENE-trending Saza Shear Zone. The zone is 150m long, up to 30m thick (estimated true thickness), with previously reported drill intercepts including 20.26m at 3.08g/t gold, 20.47m at 2.99g/t gold, 7.5m at 4.01g/t gold, and 39m at 0.54g/t gold (see long section posted on Company's website).
KENGE NW ZONE
The 350m long Kenge NW Zone is located immediately northwest of the old Razorback Mine, and is up to 15m wide. Grades range up to 18.6m at 2.69g/t gold (see the long section on the Company's website).
* SZR-096 to -099 were drilled from NE to SW due to access problems. Hence, true width for these intercepts is thought to be approximately 50% of the stated width. The remainder of the holes have intercepts which are between 75% and 95% of true width.
A further 17 infill diamond drill holes have been completed on the Kenge target, and results are pending.
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 -55º and drilled perpendicular towards the main structural trend. Composite 2m samples were riffle split and submitted to laboratory (with a duplicate split retained). QA/QC includes the use of blanks and standards (1 every 16 samples) and duplicates (1 every 25 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 range from 50% to 95% of true widths. Except when otherwise stated above, weighted average intercepts are calculated between the uppermost and lowermost samples within the main mineralised zone over a 0.5g/t cut-off.
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 has optioned 9 of its Namibian licences to Desert Minerals (UK) Ltd. Helio continues to pursue joint venture partners for its other 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 email@example.com or firstname.lastname@example.org.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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