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Helio Intersects New Zone of Gold Mineralisation at Porcupine Target - SMP Gold Project, Tanzania
Helio Intersects New Zone of Gold Mineralisation at Porcupine Target - SMP Gold Project, Tanzania
About this update from Winshear Metals Corp.
[{"type":"text","content":"\n\n\n\n Jun. 2, 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. These results confirm the presence of a NW trending mineralised zone that appears to extend northwest from the Porcupine to the Quill Target over a strike length of at least 250m.\n\n\n >\n\n\nTwo drill holes are reported herein, GPD67 and GPD78. Results are tabulated below:\n\n\n >\n\n\nGPD67, collared approximately 100m north of the main zone of mineralisation at the Porcupine Target, was drilled from NE to SW on an azimuth of 220 into the footwall of the southeast-dipping main zone of mineralisation to test for NW-SE striking, NE-dipping structures.\nThe majority of veins encountered in the mineralised sections of the drill core were oriented at a high angle to the drill core, confirming the presence of a NW trending mineralised zone that appears to extend northwest to the Quill Target, where RC (reverse circulation) drilling intersected 72m grading 0.6g/t gold (see news release date June 1, 2009).\nA simplified plan map showing the location of GPD67 and the orientation of this new zone of mineralisation in relation to the main zone can be found at www.helioresource.com/i/pdf/2010-06-02_NRM1.pdf.\nThis drilling suggests that this northwest trending zone of mineralisation extends at least 250m to Quill.\n\nGPD78 was drilled from E to W, and was located 50m north of hole GPD65, which intersected 52m grading 3.7g/t Au (see company press release dated April 19, 2010). This hole was drilled to test the plunge direction and thickness of the higher grade core of mineralisation in the main zone, and also to test the intersection of main zone and the northwest trending zone identified in GPD 67.\n\nResults are presented on the Company's website, and a revised 3d model will be available within one week on www.corebox.net through the Company's website: www.helioresource.com.\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 hav...