Recoveries of 70% Possible
TSX-V Trading Symbol: HRC Tel.: +1 604 638 8005
E-mail: email@example.com Website: www.helioresource.com
VANCOUVER, May 26 /CNW/ - Helio Resource Corp. ("Helio" or the "Company")
(TSX-V: HRC) is pleased to announce the results of initial heap-leach
amenability testwork at the SMP gold project.
Previous metallurgical testwork on mineralised material from the Kenge
Target indicated that gold recoveries of up to 96% were achievable by
conventional processes (see Company press release dated August 11, 2008).
Following these highly encouraging results, further testwork was
undertaken to assess the likely response of the mineralisation to
heap-leaching. Testwork was undertaken by SGS Lakefield Research Limited
("SGS") in Ontario, Canada on material retained from previous work, which
ranged in size from 1.7mm to 3.35mm. Results from this phase of testwork
indicates that gold recoveries in the order of 70% gold are possible, coupled
with low reagent consumptions.
The company is very encouraged by these initial heap-leach tests and
intends to conduct further metallurgical testwork on other mineralisation from
the SMP gold project (specifically from the Porcupine Target) during the
course of the year.
Please refer to the Helio press release dated August 11, 2008, for more
information regarding the sample. A copy of the new metallurgical testwork
report is available on the Company's website 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 by 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 the Porcupine target (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: For additional information, please contact
Richard Williams, (604) 638-8005 or by e-mail to firstname.lastname@example.org.