Helio: Latest Drill Results Confirm Main Zone Extension at Porcupine Target -
SMP Gold Project, Tanzania

    
    -  Main Zone extended 100m to the west
    -  High Grades Intersected at Quill Zone
    -  New Mineralisation outlined at NW and NE Zones

    TSX-V Trading Symbol: HRC                  Tel.: +1 604 638 8007
    E-mail: info@helioresource.com          Website: www.helioresource.com
    

VANCOUVER, July 26 /CNW/ - Helio Resource Corp. ("Helio" or the "Company") (TSX-V: HRC) is pleased to report all remaining results for the 2010 RC and diamond drill programme recently completed at the Porcupine Target, SMP Gold Project in the Lupa Goldfields, Tanzania.

Results come from 4 discrete zones of mineralisation, all from within the Porcupine Target area (see map below), namely:

    
    1.  Porcupine Main Zone
    2.  Quill Zone
    3.  Porcupine NE
    4.  Porcupine NW
    

Gold mineralisation was intersected in all four zones. Significant results from these areas include the following:

    
    -------------------------------------------------------
    ZONE      Hole No.  From (m)  Width (m)  Grade (g/t Au)
    -------------------------------------------------------
    MAIN       GPD 78     136        31           1.6
    -------------------------------------------------------
                  and     175        25           1.5
    -------------------------------------------------------
               GPD 92      21        84           0.8
    -------------------------------------------------------
                  and     207        44           2.0
    -------------------------------------------------------
               GPD 93      29       104           1.0
    -------------------------------------------------------
                  and     221        19           2.6
    -------------------------------------------------------

    -------------------------------------------------------
    QUILL     GPR 143      18        14           4.5
    -------------------------------------------------------
              GPR 144      44         2          19.4
    -------------------------------------------------------

    -------------------------------------------------------
    NE         GPD 76      21         7           1.3
    -------------------------------------------------------

    -------------------------------------------------------
    NW        GPR 150      52        14           0.9
    -------------------------------------------------------
              GPR 154      48         8           1.5
    -------------------------------------------------------
    

A total of eleven diamond drill holes (prefix GPD) and fourteen reverse circulation holes (prefix GPR) are reported here.

MAIN ZONE DRILLING

The diamond drilling focussed on the central portion of the Porcupine Main Zone, and three of these (GPD91-93) were drilled at the same orientation as GPD66, which intersected 79m @ 3.1g/t Au (see Company press release dated May 4, 2010). GPD91 was drilled in the hanging wall of the Main Zone, to test for NW-striking structures outside of the main mineralised envelope. GPD92 and 93 both intersected two wide zones of mineralisation, and confirm that the Porcupine Main Zone splits into two zones towards the west. The lower intercept in GPD92 appears to indicate the presence of a second high-grade shoot within the main Porcupine mineralisation envelope.

GPR146, which intersected 24m grading 1.6g/t Au is located approximately 65m to the SW of hole GPD41 on the attached long section.

    
    ----------------------------------------------
    Hole No.   From (m)  Width (m)  Grade (g/t Au)
    ----------------------------------------------
    GPD071*      118         1           0.4
    ----------------------------------------------
    GPD073        19         1           0.7
    ----------------------------------------------
       and        38         1           1.2
    ----------------------------------------------
       and       102         2           0.9
    ----------------------------------------------
    GPD078       136        31           1.6
    ----------------------------------------------
       and       175        25           1.5
    ----------------------------------------------
    GPD080        95         1           0.9
    ----------------------------------------------
       and       100         5           1.3
    ----------------------------------------------
    GPD091       149         1           2.4
    ----------------------------------------------
       and       193         2           0.9
    ----------------------------------------------
       and       226         1           1.6
    ----------------------------------------------
       and       263         3             1
    ----------------------------------------------
    GPD092        21        84           0.8
    ----------------------------------------------
       and       112         1             2
    ----------------------------------------------
       and       146         8           1.9
    ----------------------------------------------
       and       207        44             2
    ----------------------------------------------
       and       260         7           0.7
    ----------------------------------------------
       and       295         2             2
    ----------------------------------------------
       and       307         3           1.7
    ----------------------------------------------
    GPD093        29       104             1
    ----------------------------------------------
      Incl.       29         1          16.8
    ----------------------------------------------
       and       155         2           5.1
    ----------------------------------------------
       and       166         1           5.7
    ----------------------------------------------
       and       181         7           0.8
    ----------------------------------------------
       and       221        19           2.6
    ----------------------------------------------
      Incl.      237         1          15.2
    ----------------------------------------------
      Incl.      239         1          15.6
    ----------------------------------------------
    GPR145        54         2           0.7
    ----------------------------------------------
    GPR146        58        24           1.6
    ----------------------------------------------
    GPR147        38         2           6.2
    ----------------------------------------------
    GPR148        38         2           0.6
    ----------------------------------------------
       and        68         2           0.6
    ----------------------------------------------

    * not 0.5g/t Au cut-off
    

QUILL ZONE DRILLING

Following the drilling of an oriented diamond drill hole (GPD70) into the Quill target, it was identified that the Quill zone actually dips to the north/north-west. Previous drilling in this area (see Company press release dated October 14, 2009) missed the main target. Two RC holes (GPR143 and 144) were drilled from North to South into the Quill zone and intercepted high-grade gold over significant widths.

The NE-SW trending and Quill zone is located 250m NW of the main zone at Porcupine and has been traced over 120m along strike. Quill is open in both directions along strike and to depth.

    
    ----------------------------------------------
    Hole No.   From (m)  Width (m)  Grade (g/t Au)
    ----------------------------------------------
    GPD070        26         7           0.5
    ----------------------------------------------
       and        43        15           0.4
    ----------------------------------------------
       and       124         2           0.8
    ----------------------------------------------
       and       147         1           1.3
    ----------------------------------------------
    GPR143        18        14           4.5
    ----------------------------------------------
       and        18         2          27.6
    ----------------------------------------------
       and        44         4           1.1
    ----------------------------------------------
    GPR144        32        20           2.2
    ----------------------------------------------
       and        44         2          19.4
    ----------------------------------------------
       and        84         2             3
    ----------------------------------------------
    

PORCUPINE NW and NE ZONES

The majority of the RC drilling focussed on the strike extents and outlying areas of Porcupine. The results obtained have confirmed the presence of a 900m strike length of a WNW-trending mineralised structure which leads into the main Porcupine target, named Porcupine NW Zone. This structure varies between 2m and 40m wide, with grades usually in the range of 0.5-2g/t Au. This NW Zone remains open along strike to the NW, and to depth. So far, drilling has only tested this robust structure down to 50-70m depth.

    
    ----------------------------------------------------
    Hole No.   Zone  From (m)  Width (m)  Grade (g/t Au)
    ----------------------------------------------------
    GPD075      NE      58         2           1.4
    ----------------------------------------------------
    GPD076      NE      21         7           1.3
    ----------------------------------------------------
    GPR145      NW      24         2           0.6
    ----------------------------------------------------
       and      NW      54         2           0.7
    ----------------------------------------------------
    GPR149      NW      46         4           0.8
    ----------------------------------------------------
       and      NW      74         2           0.6
    ----------------------------------------------------
    GPR150      NW      52        14           0.9
    ----------------------------------------------------
    GPR151      NW      28         2           1.1
    ----------------------------------------------------
       And*     NW      42        46           0.2
    ----------------------------------------------------
    GPR152      NW      42        18           0.5
    ----------------------------------------------------
    GPR153      NW       2         2           1.1
    ----------------------------------------------------
       And      NW      16         2             2
    ----------------------------------------------------
       And      NW      70         2           0.7
    ----------------------------------------------------
       And      NW     102         2           0.6
    ----------------------------------------------------
    GPR154      NW      40         2           0.5
    ----------------------------------------------------
       And      NW      48         8           1.5
    ----------------------------------------------------
    GPR155      NW      40         2           0.7
    ----------------------------------------------------
    GPR156*     NW      16        54           0.3
    ----------------------------------------------------
    GPR157      NW      40        14           0.6
    ----------------------------------------------------

    * not 0.5g/t Au cut-off
    

A revised long section of the Porcupine Main Zone is presented in the link below: www.helioresource.com/i/pdf/2010-07-26_NRM1.pdf

A plan map showing the location of the four zones is presented at: www.helioresource.com/i/pdf/2010-07-26_NRM2.pdf

Results are also presented on the Company's website. Additionally, a revised 3D model will be available on www.corebox.net and through the Company's website: www.helioresource.com.

    
    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.

Since June 2006, the Company has drill-tested sixteen targets. Fifteen of the targets have intersected bedrock-hosted gold mineralisation, the most advanced being the Porcupine and Kenge Targets (see the Corporate Presentation on the Home Page of the Company's website at www.helioresource.com).

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. Intercepts are reported as drilled widths, true widths are estimated to be approximately 50-95% of the drilled widths (see the 3D Model on www.corebox.net for more clarity). For diamond drill core, continuous 1m samples were taken every through the main mineralised zone, and 2m samples were taken outside this. Samples were split with a core saw and one half was retained on site. For RC drilling, composite 2m samples were made by riffle splitting, and a reference sample retained for future work. All samples were submitted to the lab with internal QA/QC checks including the use of blanks and standards (ave. 1 every 17 samples) and duplicates (ave. 1 every 25 samples). Samples were assayed at the SGS Laboratory in Mwanza, Tanzania by 50g gold fire assay. As well as the Company's internal QA/QC programme, SGS also applied their own internal QA/QC programme, consisting of insertion of standards and duplicates. Unless otherwise stated, weighted average intercepts are calculated between the uppermost and lowermost samples within the main mineralised zone using a 0.5g/t Au cut-off and may include some internal waste.

    
                     ON BEHALF OF THE BOARD OF DIRECTORS

           "Richard D. Williams"                "Chris MacKenzie"
         Richard D. Williams, P.Geo     Christopher J. MacKenzie, C.Geol.
                    CEO                                COO
    

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.

SOURCE Helio Resource Corp.

For further information: For further information: please contact Richard Williams at +1 604 638 8005 or by e-mail to richard@helioresource.com or Chris MacKenzie at +44 789 4237424 or by e-mail to chris@helioresource.com.


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