Business
Helio: Infill Diamond Drilling Intersects 79m grading 3.1g/t AU at the Porcupine Target, SMP Gold Project, Tanzania
Helio: Infill Diamond Drilling Intersects 79m grading 3.1g/t AU at the Porcupine Target, SMP Gold...
About this update from Winshear Metals Corp.
[{"type":"text","content":"\n\n\n\n May 4, 2010 (Canada NewsWire Group) -- TSX-V Trading Symbol: HRC\n\n Helio Resource Corp. ("Helio" or the "Company") (TSX-V: HRC) is pleased to report the latest results from the 2010 diamond drill programme at the SMP Gold Project in the Lupa Goldfields, Tanzania.\nOne drill hole is reported herein, namely GPD-66. This hole was drilled across the main Porcupine zone on an azimuth of 220 degrees to test for north-east dipping structures within the south-west dipping main zone of mineralisation. The hole was planned after interpretation of structural data from diamond drill holes GPD63, 64 and 65 as reported in the Helio press release dated April 19, 2010.\nThis drill hole intersected a wide zone of gold mineralisation (as anticipated from previous drilling in the same area), which averaged:\n\n\n >\n\n\nThese results confirm that the Porcupine target hosts a number of variably oriented mineralised structures, and effective targeting of these can give rise to significant increases in gold grade.\n\nPrior to 2010, all previous drilling at Porcupine has been conducted on an azimuth of 340 degrees, perpendicular to the mapped structural trend. However, oriented core drilling in late 2009 indicated the need to test the target using a different orientation. Most of the structures in GPD66 are cut at a very high-angle to the core axis. A revised long section is shown at http://www.helioresource.com/i/pdf/2010-05-04_NRM1.pdf. In addition, a photograph showing the intersection angles of the mineralised quartz veins in relation to the drill core is shown on the Company's web site at www.helioresource.com/i/pdf/2010-05-04_NRM2.pdf.\nAdditional drilling is planned, using the same drill orientation, to confirm that the grade increase seen in GPD-66 is consistent throughout the Porcupine Target.\nResults are presented on the Company's website (www.helioresource.com), and a revised 3D model will be available on www.corebox.net by the end of this week.\n\n\n >\n\n\nHelio, 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.\nSince June 2006, the Company has drill-tested sixteen targets. Fifteen of the targets have intersected bedrock-hosted gold mineralisation, the most advanced being the Porcupine and Ke...