|HELIO RESOURCE CORP. : http://www.helioresource.com/ : QwikReport|
<< Drag to view the table >>
|PROJECT SIZE:||72,200 Ha. (722km2)|
|LICENCES:||2 Exclusive Prospecting Licences (EPL's): Otjimbojo and Wilhelmstal|
|OWNERSHIP:||Osino Resources Corp.|
|LOCATION:||Central Namibia, licences are located 20km east and in the same geological terrain of the Navachab Gold Mine, which has been sold by AngloGoldAshanti to QKR, a private equity firm, for a reported US$110M in 2014.|
GOLD KOP TARGET
Exploration in 2011 has mainly focused on the Gold Kop Target located 40km to the northeast of the Navachab mine. Exploration included drill-testing a 1.3km strike length of the main prospective horizon identified to date - a dolomitic marble hosting a combination of wide low-grade zones of mineralization and narrower zones of high-grade gold mineralization. Notable drill results include 50m grading 2.1g/t Au, 0.8% Cu and 14g/t Ag and 4m at 11.6g/t Au, 38m at 0.8g/t Au, and 1m at 32.9g/t Au. Intercepts are drilled width; more drilling is required to establish true width. Mineralisation drilled to date shows many similarities to AngloGold Ashanti's Navachab gold mine.
Almost 10,000m of drilling on 100m-200m spaced lines confirms potential to locate a sizeable gold target at Gold Kop - infill drilling required. Numerous other goldącopper‐in‐soil anomalies within 20km of Gold Kop yet to be drill tested, including Bull's‐Eye and Twin Peaks.
The tin prospect comprises two areas of surface and underground workings within the DGP, located about 1km apart, that were exploited sporadically between the 1930s and 1980s. Surface workings include placer tin production and hardrock costeans (long trenches / pits), and underground workings include several declines, to about 60m depth, and cross cuts apparently in preparation for mining. Grab samples have returned up to 1.6% Sn, 349ppm Ta, and 512ppm Nb, with the tin occurring in the form of cassiterite within granitic intrusives.
|Location||Southwest Africa, bordering the Atlantic Ocean between Angola, Botswana and South Africa||Population||2.25 (2012) million, growing 2% per year||Political System||Unitary semi-Presidential Republic based on multi party democracy with the South West African People's Organisation as the ruling and dominant political party|
|Copyright © 2017 by Helio Resource Corp. All rights reserved worldwide.|