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Helio: Latest Drill Results Confirm Main Zone Extension at Porcupine Target - SMP Gold Project, Tanzania
Helio: Latest Drill Results Confirm Main Zone Extension at Porcupine Target - SMP Gold Project, T...
About this update from Winshear Metals Corp.
[{"type":"text","content":"\n\n\n\n Jul. 26, 2010 (Canada NewsWire Group) -- \n\n \n \n \n >\n\n\nVANCOUVER, July 26 /CNW/ - Helio Resource Corp. ("Helio" or the "Company") (TSX-V: HRC) is pleased to report all remaining results for the 2010 RC and diamond drill programme recently completed at the Porcupine Target, SMP Gold Project in the Lupa Goldfields, Tanzania.\nResults come from 4 discrete zones of mineralisation, all from within the Porcupine Target area (see map below), namely:\n\n >\n\n\nGold mineralisation was intersected in all four zones. Significant results from these areas include the following:\n\n\n >\n\n\nA total of eleven diamond drill holes (prefix GPD) and fourteen reverse circulation holes (prefix GPR) are reported here.\n\nMAIN ZONE DRILLING\n\nThe diamond drilling focussed on the central portion of the Porcupine Main Zone, and three of these (GPD91-93) were drilled at the same orientation as GPD66, which intersected 79m @ 3.1g/t Au (see Company press release dated May 4, 2010). GPD91 was drilled in the hanging wall of the Main Zone, to test for NW-striking structures outside of the main mineralised envelope. GPD92 and 93 both intersected two wide zones of mineralisation, and confirm that the Porcupine Main Zone splits into two zones towards the west. The lower intercept in GPD92 appears to indicate the presence of a second high-grade shoot within the main Porcupine mineralisation envelope.\nGPR146, which intersected 24m grading 1.6g/t Au is located approximately 65m to the SW of hole GPD41 on the attached long section.\n\n >\n\n\nQUILL ZONE DRILLING\n\nFollowing the drilling of an oriented diamond drill hole (GPD70) into the Quill target, it was identified that the Quill zone actually dips to the north/north-west. Previous drilling in this area (see Company press release dated October 14, 2009) missed the main target. Two RC holes (GPR143 and 144) were drilled from North to South into the Quill zone and intercepted high-grade gold over significant widths.\nThe NE-SW trending and Quill zone is located 250m NW of the main zone at Porcupine and has been traced over 120m along strike. Quill is open in both directions along strike and to depth.\n\n\n >\n\n\nPORCUPINE NW and NE ZONES\n\nThe majority of the RC drilling focussed on the strike extents and outlying areas of Porcupine. The results obtained have confirmed the...