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Helio Discovers Extensive Gold in Soil Anomaly on the Saza West Licence, SMP Gold Project, Lupa Goldfields, Tanzania
VANCOUVER, June 16 /CNW/ - Helio Resource Corp. ("Helio" or the "Company") (TSX-V: HRC) is please...
About this update from Winshear Metals Corp.
[{"type":"text","content":"\n\n\n\nVANCOUVER, June 16 /CNW/ - Helio Resource Corp. ("Helio" or the\n"Company") (TSX-V: HRC) is pleased to announce the results of a soil sampling\nprogramme undertaken on the recently acquired Saza West Licence (see Company\npress releases dated October 16, 2008 and April 22, 2009) at the SMP Gold\nProject, Tanzania.\n\n\nA total of 576 samples were taken on a 250m x 250m offset soil sampling\ngrid covering the entire 34km(2) licence area.\n\n\nThe main anomaly discovered (named "Cheche West"), which is defined by a\n25ppb threshold, has a footprint of over 4.2km x 1.2km, is open to the east,\nand is associated with the main structure (the Saza Shear Zone) that hosts the\nSaza Mine Number 1 shaft, which operated between 1939 and 1956. The highest\nvalue obtained was 1,424ppb. In addition, numerous other new zones of\nanomalous geochemistry were also discovered. Details are presented in the\nlinks below:\n\n\n- SMP Gold Project Plan Map:\n http://www.helioresource.com/i/pdf/2009-06-16_NRM1.pdf\n\n- Saza West Licence Map - Soil Sampling:\n http://www.helioresource.com/i/pdf/2009-06-16_NRM2.pdf\n\n\nThe company is very encouraged by these new results which continue to\nconfirm the potential of Helio to keep generating numerous high-quality drill\ntargets on the SMP project area. The presence of robust, untested geochemical\nanomalies adjacent to the old mine shafts is particularly encouraging.\n\n\nData Presentation on www.corebox.net\n\n\n-----------------\n\n\nThe Company also announces that it has signed an agreement with\nCorebox.net to display the Company's SMP Gold Project drill results in 3D. The\nwebsite is accessible at www.corebox.net, and 3D views of drilling from the\nKenge, Porcupine, Konokono and Kipanga targets can be viewed at\nwww.corebox.net/properties/smp/.\n\n\nABOUT THE SMP GOLD PROJECT\n\n\n--------------------------\n\n\nHelio, through its 100% owned subsidiary BAFEX Tanzania Ltd., can earn a\n100% interest in five contiguous licences, which cover a 35km strike length of\nthe Saza Shear Zone. The project covers the New Saza Gold Mine, which was the\nsecond largest gold producer, behind the Geita Mine, in pre-Independence era\nTanzania.\n\n\nSince June 2006, the Company has drill-tested eleven targets, nine of\nwhich are hosted along the Saza Shear Zone. All eleven targets ha...