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Helio Resource Corp. (HRC:TSX-V) is a dynamic, technically-driven mineral exploration company, focused on high-quality project generation in southern Africa. Helio is actively exploring 27 prospective gold, base-metal and diamond properties in Namibia, Botswana, Mozambique and Tanzania.
Focus: SMP Gold Project in Tanzania
The main focus for the Company is the development of the SMP gold project in Tanzania. Four colonial-era gold mines are located within the project and Helio controls over 27km of the strike length of the Saza Shear Zone. Ongoing diamond and RC drilling has outlined the potential to develop a significant resource at the 2km-long Kenge target, located in the western part of the project area. Three mineralized sections have been identified, namely the Main Zone, SE Zone, and NW Zone, which combined have a strike length of 1.25km. (for detailed drill results click here)
In addition, reconnaissance exploration work has identified 10 additional targets, all of which have recently been tested by RC drilling and all hit mineralization. (for detailed drill results click here).
Partnerships
Helio now has 17 Namibian licences under option to well funded partners: 9 of its Namibian licences were optioned to Desert Minerals (UK) Ltd. in September 2007 and on March 13, 2008 Helio optioned 8 Namibian licences to TransAfrican Minerals Ltd. | | | |
- Apr 30, 2008: News Releases: Drilling Starts at the Porcupine Target, SMP Gold Project, Tanzania; Two Dr... more...
- Apr 14, 2008: News Releases: Helio Reports Further Drill Results from the Kenge Target - SMP Gold Projec... more...
- Mar 28, 2008: Media Coverage: Resource Opportunities more...
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