TSX-V Trading Symbol: HRC Tel.: +1 604 638 8005
E-mail: firstname.lastname@example.org Website: www.helioresource.com
VANCOUVER, May 12 /CNW/ - Helio Resource Corp. ("Helio" or the "Company")
(TSX-V: HRC) is pleased to announce that the 2009 diamond drilling programme
has commenced at the Porcupine target, SMP Gold Project, Tanzania.
The programme will initially focus on infill-drilling areas of existing
diamond drilling (see long section at www.helioresource.com), and is designed
to test the plunge direction of higher grade zones identified during last
year's drill programme.
Additionally, a 5,000m RC drilling programme at the Porcupine Target is
planned to resume in June. This will test the potential for wide zones of gold
mineralisation along strike to the east of the Porcupine Target towards the
Gap Target. Geochemical and geophysical anomalies, sporadic outcrop and
intermittent small-scale artisanal workings between Porcupine and Gap suggest
that gold mineralisation continues between the two targets, over a strike
length in excess of 3km. This mineralised corridor then appears to extend a
further 2km east of Gap to the Reefski Target. Drilling by Helio has
intersected bedrock gold mineralisation at all three targets.
Samples from the RC drill programme initiated at Porcupine in late 2008
(see news release dated Nov 10, 2008) but not completed, due to the onset of
the rainy season and mechanical problems with the drill rig, have now been
submitted for analysis and results are expected within the next month.
Finally, a metallurgical sample from diamond drill core from the
Porcupine Target has been submitted for testwork. Results will be reported as
soon as they are available. On the basis of petrological and SEM (Scanning
Electron Microscope) investigations by Helio the gold mineralisation at
Porcupine is very similar to that observed at the Kenge Target, where
metallurgical testwork conducted by SGS Lakefield Research Limited (see news
release dated August 11, 2008) showed excellent gold recoveries of up to 96%
through conventional processes.
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. At Kenge, drilling 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 (see
the Corporate Presentation on the Home Page of the Company's website at
www.helioresource.com). The best mineralised intercept to date at the SMP was
drilled at the Porcupine target (52.2m grading 3.3g/t Au).
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.
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, (604) 638-8005 or by e-mail