VANCOUVER, June 16 /CNW/ - Helio Resource Corp. ("Helio" or the
"Company") (TSX-V: HRC) is pleased to announce the results of a soil sampling
programme undertaken on the recently acquired Saza West Licence (see Company
press releases dated October 16, 2008 and April 22, 2009) at the SMP Gold
A total of 576 samples were taken on a 250m x 250m offset soil sampling
grid covering the entire 34km(2) licence area.
The main anomaly discovered (named "Cheche West"), which is defined by a
25ppb threshold, has a footprint of over 4.2km x 1.2km, is open to the east,
and is associated with the main structure (the Saza Shear Zone) that hosts the
Saza Mine Number 1 shaft, which operated between 1939 and 1956. The highest
value obtained was 1,424ppb. In addition, numerous other new zones of
anomalous geochemistry were also discovered. Details are presented in the
- SMP Gold Project Plan Map:
- Saza West Licence Map - Soil Sampling:
The company is very encouraged by these new results which continue to
confirm the potential of Helio to keep generating numerous high-quality drill
targets on the SMP project area. The presence of robust, untested geochemical
anomalies adjacent to the old mine shafts is particularly encouraging.
Data Presentation on www.corebox.net
The Company also announces that it has signed an agreement with
Corebox.net to display the Company's SMP Gold Project drill results in 3D. The
website is accessible at www.corebox.net, and 3D views of drilling from the
Kenge, Porcupine, Konokono and Kipanga targets can be viewed at
ABOUT THE SMP GOLD PROJECT
Helio, through its 100% owned subsidiary BAFEX Tanzania Ltd., can earn a
100% interest in five contiguous licences, which cover a 35km strike length of
the Saza Shear Zone. The project covers the New Saza Gold Mine, which was the
second largest gold producer, behind the Geita Mine, in pre-Independence era
Since June 2006, the Company has drill-tested eleven targets, nine of
which are hosted along the Saza Shear Zone. All eleven targets have
intersected bedrock-hosted gold mineralisation, the most advanced being the
Kenge and Porcupine Targets (see the Corporate Presentation on the Home Page
of the Company's website at www.helioresource.com). Drilling at Kenge has
returned up to 22.0m grading 6.9g/t gold in the Main Zone and 48.7m grading
2.1g/t Au from the Mbenge Zone. The best mineralised intercept to date at the
SMP was drilled at Porcupine (52.2m grading 3.3g/t Au). The company is
well-financed and is currently drilling at the Porcupine Target.
Chris MacKenzie, M.Sc., C.Geol., Helio's COO and a Qualified Person as
designated by NI 43-101, supervises the exploration at the SMP project,
including the sampling and quality assurance / quality control programmes, and
has reviewed the contents of this news release.
ON BEHALF OF THE BOARD OF DIRECTORS
"Richard D. Williams" "Chris MacKenzie"
Richard D. Williams, P.Geo Christopher J. MacKenzie, C.Geol.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Richard Williams, (604) 638-8005 or by e-mail