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In Peru

Gaban Gold Project




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PROJECT SIZE: 

18,700 Hectares (187km2)

TARGET STYLE:

Orogenic shear hosted gold mineralisation - 3 auriferous shear zones have been identified to date

DRILL TARGETS:  

Soil sampling, mapping and trenching are planned for the remainder of 2019, with the objective of outlining areas for drill testing in 2020

TARGETS:  

Initial work will focus on the Picitiri, Yanamayo, and San Jose shear zones

OWNERSHIP:

100% - 28 concessions (22 granted, 6 under application), subject to NSR Royalty

LOCATION:   

San Gaban District of Puno, Peru

GEOLOGY:   

The Puno Orogenic Gold Belt ("POGB")


Highlights
Background

In September 2019, Helio acquired a 100% interest, subject to a 2% NSR, in the Gaban Gold Project and Tinka IOCG Project in Peru from Palamina Corp through the issuance of 10,000,000 common shares of Helio (see news release here).

Work done to date

Palamina completed five field programmes, conducting geological mapping, stream sediment sampling (80 samples), and rock sampling (183 samples).

In addition, an airborne magnetic and radiometric survey was flown over the Main Block of the property. The magnetic data indicates that the shear zones are associated with a consistent magnetic (TMI) low, and this area will be the focus of initial exploration work. Interpretation of the magnetic / radiometric data has identified numerous other targets that will be followed up with initial mapping / ground truthing.

The Southern Block has not been covered by airborne geophysics but does cover similar geology to the Main Block. Helio plans to conduct stream sediment sampling over the southern block in the 2020 field season.

Work Planned for the remainder of 2019

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Tinka I.O.C.G. Project

Coming Soon...


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This page was created on Mon Oct 21, 2019 at 4:00:02 AM Pacific Time.