|Tue Jun 16, 2009|
Extensive Gold in Soil Anomaly discovered on the Saza West Licence, SMP Gold Project, Lupa Goldfields, Tanzania
Helio Resource Corp. ("Helio" or the "Company") (TSX-V: HRC) is pleased to announce the results of a soil sampling programme undertaken on the recently acquired Saza West Licence (see Company press releases dated October 16, 2008 and April 22, 2009) at the SMP Gold Project, Tanzania.
A total of 576 samples were taken on a 250m x 250m offset soil sampling grid covering the entire 34km2 licence area.
The main anomaly discovered (named "Cheche West"), which is defined by a 25ppb threshold, has a footprint of over 4.2km x 1.2km, is open to the east, and is associated with the main structure (the Saza Shear Zone) that hosts the Saza Mine Number 1 shaft, which operated between 1939 and 1956. The highest value obtained was 1,424ppb. In addition, numerous other new zones of anomalous geochemistry were also discovered - see the attached map for details.
The company is very encouraged by these new results which continue to confirm the potential of Helio to keep generating numerous high-quality drill targets on the SMP project area. The presence of robust, untested geochemical anomalies adjacent to the old mine shafts is particularly encouraging.
Data Presentation on www.corebox.net
The Company also announces that it has signed an agreement with Corebox.net to display the Company's SMP Gold Project drill results in 3D. The website is accessible at www.corebox.net, and 3D views of drilling from the Kenge, Porcupine, Konokono and Kipanga targets can be viewed at www.corebox.net/properties/smp/.
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 along the Saza Shear Zone. All eleven targets have intersected bedrock-hosted gold mineralisation, the most advanced being the Kenge and Porcupine Targets (see the Corporate Presentation on the Home Page of the Company's website at www.helioresource.com). Drilling at Kenge 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. The best mineralised intercept to date at the SMP was drilled at Porcupine (52.2m grading 3.3g/t Au). The company is well-financed and is currently drilling at the Porcupine Target.
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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