|Mon Sep 8, 2008|
Helio Reports Further Drill Results from the Kenge Target, SMP Gold Project, Tanzania:
40m @ 1.0g/t Au
13.1m @ 2.1 g/t Au
26.4m @ 1.6g/t Au
September 8, 2008 - Helio Resource Corp. ("Helio" or the "Company") (TSX-V: HRC) is pleased to report more drill results from the Mbenge Zone of the Kenge Target, at the SMP gold project, SW Tanzania. The best results include:
A total of nine diamond drill holes (SZD103 to SZD111) are reported herein. All holes intersected mineralisation. Tables of all the drill hole locations together with the intercept values are available on the Company's website. Additionally, a new long section for the Mbenge target is presented below and has also been posted on the Company's website at www.helioresource.com.
At Mbenge, drilling has confirmed that mineralisation remains open to depth and along strike. Hole SZD106, drilled parallel to but 20m north of SZD75 (2.31m @ 2.19g/t Au), intersected a very thick zone of mineralisation: 48.67m @ 2.08g/t Au. This result, together with the deep mineralised intercepts in holes SZD107, SZD108 and SZD109 coupled with the results of previously drilled RC drill holes (SZR58 and SZR60, see Company News Release dated October 29, 2007), indicates that the eastern extension of the Mbenge zone has been faulted to the north. Results from hole SZD105 confirm the presence of at least two robust zones of mineralisation in the Mbenge Zone. Further drilling is ongoing to test these discoveries..
The Company currently has five diamond drill rigs working at the SMP project, three rigs at the Kenge Target, and two rigs at the Porcupine Target.
ABOUT THE SMP GOLD PROJECT
Helio, through its 100% owned subsidiary BAFEX Tanzania Ltd., can earn a 100% interest in four contiguous licences, which cover a 27km strike length of the Saza Shear Zone (see news releases dated December 19, 2005 and September 11, 2006). The project covers the eastern part of the New Saza Gold Mine, which operated between 1939 - 1956, producing approximately 270,000 ounces of gold at an average grade of 7.5g/t Au.
Since June 2006, the Company has drill-tested eleven targets, nine of which are hosted by the Saza Shear Zone. All eleven targets have intersected bedrock-hosted gold mineralisation, the most advanced being the Kenge Target, which has returned up to 22.0m grading 6.9g/t gold in the Main Zone (Company press release dated May 23, 2007).The thickest mineralised intercept previously reported at Kenge is from the Mbenge Zone (39.2m @ 2.6g/t Au - Company press release dated March 25, 2008). The thickest mineralised intercept to date at the SMP was drilled at the Porcupine target (52.2m grading 3.3g/t Au - Company press release dated July 21, 2008).
Recently the Company announced excellent metallurgical results from the SMP project, where recoveries of up to 96% were achieved by conventional processes (Company press release August 11, 2008).
Chris MacKenzie, M.Sc., C.Geol., Helio's COO and a Qualified Person as designated by NI 43-101, supervises the exploration at the SMP project, including the sampling and quality assurance / quality control programmes, and has reviewed the contents of this news release. Unless otherwise stated all drill holes were oriented at -48º and were drilled perpendicular towards the main structural trend. Intercepts are reported as drilled widths, and estimated true widths vary from 75-95%+ of drilled width. Core was halved with a rock saw and sample lengths between 0.3m and 1.5m within the mineralised zone were submitted to the lab (with the duplicate half being retained). QA/QC includes the use of blanks and standards (ave. 1 every 15 samples) and duplicates (ave. 1 every 24 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. Unless otherwise stated weighted average intercepts are calculated between the uppermost and lowermost samples within the main mineralised zone using a 0.5g/t cut-off and may include some internal waste.
Helio is a dynamic, technically-driven mineral exploration company, focused on high-quality project generation in southern Africa. Helio's main focus 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. and continues to pursue joint venture partnerships for its other projects in Namibia.
For additional information, please contact Richard Williams or Irene Dorsman at +1 604 638 8007 or by e-mail to or email@example.com.
HELIO RESOURCE CORP
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