|Tue May 12, 2009|
Diamond Drilling Resumes at the Porcupine Target, SMP Gold Project,
Lupa Goldfields, Tanzania
Helio Resource Corp. ("Helio" or the "Company") (TSX-V: HRC) is pleased to announce that the 2009 diamond drilling programme has commenced at the Porcupine target, SMP Gold Project, Tanzania.
The programme will initially focus on infill-drilling areas of existing diamond drilling (see long section at www.helioresource.com), and is designed to test the plunge direction of higher grade zones identified during last year's drill programme.
Additionally, a 5,000m RC drilling programme at the Porcupine Target is planned to resume in June. This will test the potential for wide zones of gold mineralisation along strike to the east of the Porcupine Target towards the Gap Target. Geochemical and geophysical anomalies, sporadic outcrop and intermittent small-scale artisanal workings between Porcupine and Gap suggest that gold mineralisation continues between the two targets, over a strike length in excess of 3km. This mineralised corridor then appears to extend a further 2km east of Gap to the Reefski Target. Drilling by Helio has intersected bedrock gold mineralisation at all three targets.
Samples from the RC drill programme initiated at Porcupine in late 2008 (see news release dated Nov 10, 2008) but which was not completed, due to the onset of the rainy season and mechanical problems with the drill rig, have now been submitted for analysis and results are expected within the next month.
Finally, a metallurgical sample from diamond drill core from the Porcupine Target has been submitted for testwork. Results will be reported as soon as they are available. On the basis of petrological and SEM (Scanning Electron Microscope) investigations by Helio the gold mineralisation at Porcupine is very similar to that observed at the Kenge Target, where metallurgical testwork conducted by SGS Lakefield Research Limited (see news release dated August 11, 2008) showed excellent gold recoveries of up to 96% through conventional processes.
ABOUT THE SMP GOLD PROJECT
Helio, through its 100% owned subsidiary BAFEX Tanzania Ltd., can earn a 100% interest in five contiguous licences, which cover a 35km strike length of the Saza Shear Zone. The project covers the New Saza Gold Mine, which was the second largest gold producer, behind the Geita Mine, in pre-Independence era Tanzania.
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 and Porcupine Targets. At Kenge, drilling has returned up to 22.0m grading 6.9g/t gold in the Main Zone and 48.7m grading 2.1g/t Au from the Mbenge Zone (see the Corporate Presentation on the Home Page of the Company's website at www.helioresource.com). The best mineralised intercept to date at the SMP was drilled at the Porcupine target (52.2m grading 3.3g/t Au).
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.
For additional information, please contact Richard Williams +1 604 638 8005 or by e-mail to firstname.lastname@example.org.
ON BEHALF OF THE BOARD OF DIRECTORS
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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