|Tue Jan 11, 2005|
Helio Commences Drilling On The Otjitombo Copper-Gold-Cobalt Project, Namibia
|Helio Resource Corp. ("Helio" or the "Company") (TSX-V: HRC) is pleased to announce that it has initiated a 3000m+ combination reversed circulation and diamond drilling program at its wholly owned Otjitombo property, located in Northern Namibia.|
The Otjitombo property covers a 7km+ long NE-SW striking trend of copper-in-soil anomalies, which is open along strike both to the northeast and southwest. Copper ± gold ± cobalt mineralisation occurs in a series of veins and breccia bodies and also along sedimentary horizons as mantos. Mineralisation is coincident with an underlying magnetic anomaly, and recently completed IP geophysics over the eastern 3.5km of the trend shows all known outcropping copper mineralisation to be related to strong IP chargeability anomalies that extend both to depth and laterally beneath transported sand cover.
Outcropping mineralisation has been previously tested by trenching in three areas (called Target A, Target B and Auger), which are adjacent to strong IP chargeability anomalies:
• Target A 71m grading 1.59% Cu (1970s - no Au assays)
45m grading 1.02% Cu (1970s - no Au assays)
• Target B 59m grading 1.52% Cu (1970s - no Au assays)
• Auger 10m grading 2.67% Cu and 5.3g/t Au (Helio sampling)
Auger is located 2km on-strike from Targets A and B.
In the 1970s, a total of 52 percussion holes, on a 10-20m x 25m grid, were drilled on Target B for a total of 2,094m. Most of the percussion holes were drilled to a depth of 40m, with 47 of the holes being sub-vertical, and 5 holes inclined at -55°. Over 25% of the percussion holes intersected >0.5% Cu in the final or penultimate one-metre sample interval. Three of the holes returned the following intersections:
• 1.44% Cu over the entire 40m hole length;
• 1.10% Cu over the entire 40m hole length;
• 1.07% Cu over the entire 40m hole length.
During the 1970s phase of exploration only copper was assayed for.
Initial drill holes from the Helio campaign will be used to test and confirm historic drilling results. Subsequent drilling will be designed to test the IP chargeability anomalies and to extend the mineralised system along strike under cover.
Chris MacKenzie, Chartered Geologist and Helio's Executive Chairman, is the Qualified Person as designated by NI43-101, and he is directly responsible for overseeing all aspects of Helio's exploration activities, including sampling integrity and the implementation of a quality control programme including duplicate and blank samples.
For additional information, please contact Richard Williams at (604) 668 8356 or by email at email@example.com
ON BEHALF OF THE BOARD OF DIRECTORS,
"Richard D. Williams"
Richard D. Williams, P.Geo
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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