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Helio (HRC:TSX-V) Announces Initial Resource Estimate at SMP Gold Project, Tanzania
Helio (HRC:TSX-V) Announces Initial Resource Estimate at SMP Gold Project, Tanzania
About this update from Winshear Metals Corp.
[{"type":"text","content":"\n\n\n\n Nov. 30, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n >\n\n\nVANCOUVER, Nov. 30 /CNW/ - Helio Resource Corp (TSX-V: HRC) is pleased to report that it has received a NI 43-101 compliant resource estimate for the Porcupine and Kenge Targets at the SMP Gold Project in Tanzania, effective date November 30, 2010.\nThe estimate was completed by Golder Associates (UK) Ltd. (Golder), and represents the first resource estimate calculated for the SMP Gold Project. Golder has reported both a "restrained" and "unrestrained" resource, where the restrained resource has used spatial restrictions during estimation to limit the influence of certain high grade intercepts. Golder considers that for the purpose of public reporting it is appropriate to use the restrained model and a cut off of 0.5 g/t Au.\n\nHighlights from the Resource Report\n\n\n >\n\n\nThe following tables summarize the resource estimate for both unrestrained and restrained calculations, respectively.\n\n\n >\n\n\nThe estimate was calculated using the following estimation strategy and assumptions:\n\n\n >\n\n\nOn a target by target basis, the resource (rounded to the nearest 1,000t or 1,000 Oz Au) is reported as follows:\n\n\n >\n\n\nA plan view of the Porcupine Target showing the location of the Main Zone in relation to the Quill Zone is presented in the link below:\nwww.helioresource.com/i/pdf/2010-11-30_NRM1.pdf\n\nThe wireframe model for the Porcupine Resource is shown in the following link:...