Helio Resource Corp. (HRC:TSX-V) is a well-financed junior gold exploration company focused on developing the SMP Gold Project in Tanzania into a significant open-pittable gold resource.

Helio is currently conducting a two rig drill programme using the proceeds of a $6.2million financing completed with the IFC in February this year.

First results of the reconnaissance RC drill programme confirmed the existence of a third zone of extensive gold mineralisation at the Tumbili target, in addition to the zones already defined at Kenge and Porcupine.

Recent drill results from the Porcupine Target:

• extend the Main Zone with another 100m to the West and intercepted 104m @ 1g/t Au.
• intercepted high grades at the Quill zone (incl. 14m @ 4.5g/t Au and 2m @ 27.6g/t Au).
• confirmed the presence of a 900m strike length of a WNW-trending mineralised structure which leads into the main Porcupine target.