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Helio Discovers Two New Gold Zones at the Porcupine Target, SMP Gold Project, Tanzania
Up to 72m+ @ 0.6g/t Au intersected TSX-V Trading Symbol: HRC Tel.: +1 604 638 8005 ...
About this update from Winshear Metals Corp.
[{"type":"text","content":"\n\n\n\n Up to 72m+ @ 0.6g/t Au intersected\n\nTSX-V Trading Symbol: HRC Tel.: +1 604 638 8005\nE-mail: [email protected] Website: www.helioresource.com\n\n\nVANCOUVER, June 1 /CNW/ - Helio Resource Corp. ("Helio" or the "Company")\n(TSX-V: HRC) is pleased to announce the results of the late 2008 programme of\nRC drilling completed on the Porcupine Target (see Company press release dated\nMay 12, 2009).\n\n\nHighlights\n----------\n\n- Two north south fences of RC drill holes (14 holes: 1,238m) were\n completed;\n\n- The two drill fences - A and B - were located 200m and 600m west,\n respectively, of the Porcupine Target Main Zone (see plan map\n attached);\n\n- Fence Line A intersected three zones of gold mineralisation,\n including:\n\n - Two new zones of gold mineralisation, located approximately 150m\n and 250m respectively to the north of the Main zone;\n\n - Drilling of the northernmost zone (the "Quill Zone")\n intersected 72m @ 0.6g/t Au, whilst the second new gold zone\n reported 46m @ 0.4g/t Au, (estimated true widths of 61m+ and\n 41m, respectively - see attached drill sections);\n\n - the western extension of the Main Zone (60m @ 0.5g/t Au - true\n width of 15m+, drilled sub-parallel to the structure);\n\n- Fence Line B intersected one zone of gold mineralisation\n (54m @ 0.3g/t Au - estimated true width of 45m), which is\n interpreted to be the westward extension of the Quill Zone (see\n attached section and plan map).\n\n\nThe RC drilling results confirm that thick zones of gold mineralisation\noccur over an 850m+ strike length at Porcupine, AND that mineralisation is\nstill open in both directions along strike and at depth. Furthermore, the\ndiscovery of these new zones clearly continues to demonstrate the excellent\nexploration potential of the SMP Gold Project to host a significant resource.\nTo date, systematic drilling by the Company has only tested less than 5% of\nthe prospective structures within the project area.\n\n\nThe Main Zone of Porcupine comprises a 450m+ strike length of gold\nmineralisation which has been diamond-drill tested to 260m depth, and\nintercepts up to 52m grading 3.3g/t Au have been reported (see Company press\nrelease dated July 21, 2008).\n\n\nThe initial assessment of the RC drill data indicates that these newly\ndiscovered zones of mineralisatio...