Drill results from the Kenge Target NW Zone include:
13.5m @ 3.35g/t Au
8.8m @ 3.1g/t Au
14.8m @ 2.3g/t Au
13.7m @ 2.1g/t Au
16.6m @ 1.9g/t Au
12.3m @ 1.53g/t Au
12.1m @ 1.43g/t Au
TSX-V Trading Symbol: HRC Tel.: 604 - 638 8007
E-mail: firstname.lastname@example.org Website: www.helioresource.com
VANCOUVER, Jan. 15 /CNW/ -
Kenge Target Drilling Update
Helio Resource Corp. ("Helio" or the "Company") (TSX-V: HRC) is pleased to
report the latest drill results from twenty-six diamond drill holes from the
NW Zone of the Kenge Target at the SMP Gold Project, Lupa Goldfields, SW
Tanzania. The results confirm management's view that Kenge has the potential
to host a significant open-pittable gold deposit.
- All drill holes intersected zones of gold mineralisation typical for
the Kenge target.
- The new results confirm that the NW Zone is continuous with the Main
Zone from surface to a depth of 100m (not two separate zones as
- The combined strike length of the Main-NW Zone is now 1,400m.
- Mineralisation is still open to depth and along strike.
The results indicate the presence of higher grade material in the
vicinity of the old Razorback pit. Detailed results are presented in the links
Table of Drill Intercepts:
Long Section Kenge Target NW Zone:
2008 Diamond Drilling Programme Summary
As mentioned previously (Company Press Release November 10, 2008) all of
the planned 2008 diamond drilling was completed.
Results from 40 holes from the Kenge Target, five holes at the Konokono
Target and 21 holes from the Porcupine Target are still pending. All
outstanding samples from these holes are currently being processed in the lab
and will be reported once results are received.
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 34km strike length of
the Saza Shear Zone (see news releases dated December 19, 2005, September 11,
2006, and October 16, 2008). The project covers the New Saza Gold Mine, which
operated between 1939 - 1956, producing approximately 270,000 ounces of gold
at an average grade of 7.5g/t Au.
Since June 2006, the Company has drill-tested eleven targets, nine of
which are hosted by the Saza Shear Zone. All eleven targets have intersected
bedrock-hosted gold mineralisation, the most advanced being the Kenge Target,
which has returned up to 22.0m grading 6.9g/t gold in the Main Zone (Company
press release dated May 23, 2007). The thickest mineralised intercept at Kenge
is from the Mbenge Zone (48.7m @ 2.1g/t Au - Company press release dated
September 8, 2008). The thickest mineralised intercept to date at the SMP was
drilled at the Porcupine target (52.2m grading 3.3g/t Au - Company press
release dated July 21, 2008).
Recently, the Company announced excellent metallurgical results from the
SMP project, where recoveries of up to 96% were achieved by conventional
processes at the Kenge target (Company press release August 11, 2008).
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. Unless otherwise stated all
drill holes were oriented at -48 degrees or -60 degrees and were drilled
perpendicular towards the main structural trend. Intercepts are reported as
drilled widths, and estimated true widths vary from 65-98%+ of drilled width.
Core was halved with a rock saw and sample lengths between 0.3m and 2.0m
within the mineralised zone were submitted to the lab (with the duplicate half
being retained). QA/QC includes the use of blanks and standards (ave. 1 every
15 samples) and duplicates (ave. 1 every 24 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 cut-off and may include some internal waste.
Helio's main focus is the development of the SMP Gold Project in
Tanzania. As part of its strategic approach to project development, Helio has
optioned 9 of its Namibian licences to Desert Minerals (UK) Ltd. and continues
to pursue joint venture partners for its other projects in Namibia.
ON BEHALF OF THE BOARD OF DIRECTORS
"Richard D. Williams" "Chris MacKenzie"
Richard D. Williams, P.Geo Christopher J. MacKenzie, C.Geol.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Richard Williams or Irene Dorsman at (604)
638-8007 or by e-mail to email@example.com or firstname.lastname@example.org