|Tue Nov 6, 2007|
Further Drill Results from the Kenge Target, SMP Gold Project, Tanzania, Include 16.75m Grading 3.93g/t Au
|Helio Resource Corp. (the "Company") (TSX-V: HRC) is pleased to present a further update from the Company's drilling programme at the Kenge target, within the SMP Gold Project in Tanzania. |
Highlights from this current batch of diamond drill results include:
KENGE MAIN ZONE
The Kenge Main Zone is the largest of the three main mineralized zones within the Kenge Target, 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 and is open to depth. A revised long section is shown below showing all drill intercepts from this zone to date. One section showing the down-dip continuity of the mineralisation in the Main Zone is also shown, and includes holes reported earlier.
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 updated long section below and on the Company's website).
Table of Drill Results
Of special interest is hole SZD-054 which was drilled 5m away on-strike from SZD022. SZD022 intersected no mineralization whereas SZD054 intersected 20.23m grading 2.07g/t Au. Detailed relogging and review of data indicates that SZD022 drilled through a thin late-stage dyke, approximately 4m wide but sub-parallel to the drill hole, which resulted in the lack of a mineralized intercept. Holes SZD046 to -048 also appear to have intersected a dyke or were stopped short of the main target and should be re-drilled in the near future.
A further 6 infill diamond drill holes were also completed on the SE Zone of 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 -70º and drilled perpendicular towards the main structural trend. Samples averaging 1.0 to 1.5m were halved and submitted to laboratory (the other half of the core is retained). QA/QC includes the use of blanks and standards (1 every 15-20 samples) and duplicates (1 every 20-30 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 60% to 90% 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 and may include some internal waste.
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.
Click to enlarge
You can return to the Top of this page