|Thu May 14, 2009|
Major New Geochemical Anomaly -- Dubwana -- discovered at the SMP Gold Project, Lupa Goldfields, Tanzania
Helio Resource Corp. ("Helio" or the "Company") (TSX-V: HRC) is pleased to announce the delineation of a major new gold-in-soil anomaly at the SMP Gold Project, Lupa Goldfields, SW Tanzania. The Dubwana Target is located approximately 2km to the north of the Porcupine Target where Helio has just resumed drilling (Press release dated 12 May 2009).
Helio conducted soil sampling on a 250m x 250m offset grid, taking over 850 samples covering the whole of the Gap licence portion of the SMP project area. The work resulted in the identification of a large soil anomaly, called Dubwana. The anomaly has dimensions in excess of 5.5km long x 1.3km wide, compared to approximately 4.5km long x 750m wide in the Porcupine-Gap soil anomaly.
Geological mapping and rock grab sampling has confirmed that the host rocks and style of mineralisation at the Dubwana anomaly are similar to those at Porcupine. Gold assays from grab samples taken from outcrop within the Dubwana Target range from 0.1g/t Au to 27.4g/t for mineralised quartz veins and up to 2.78g/t for sheared wallrock. A compilation map showing the geochemical soil anomaly is attached below.
The company is very excited about the new discovery and intends to drill this new target during 2009.
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
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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