|Tue Nov 13, 2007|
Additional Drill Results from the SMP Gold Project, Tanzania Include 21.53m Grading 3.62g/t Au
Helio Resource Corp. (the "Company") (TSX-V: HRC) is pleased to present results from five more diamond drill holes from the SE Zone of the Kenge target, within the SMP Gold Project in Tanzania (See Company press releases, dated October 15, 2007 and November 6, 2007). The current batch of diamond drill results includes:
KENGE SE ZONE
The Kenge SE zone is located near the intersection with the ENE-trending Saza Shear Zone and the NW-trending Kenge Shear Zone. It dips to the SW at between 60 and 80 degrees. The zone is over 150m long, up to 30m thick, and has been confirmed by drilling to over 180m down-dip. The zone is open along strike and down-dip. Previously reported drill intercepts from the SE Zone include 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. A revised long section and two sections can be found below and on the company's website.
All holes were drilled on sections 50m apart, and current holes were infill holes which closed the spacing along the sections down from 50m to 25m. One more infill diamond drill hole (SZD-061) was 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 -48º or -60º 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 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.
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