Business
Helio reports drill results from the Porcupine Target, SMP Gold Project, Tanzania
Drill results include: 46.0m @ 2.1g/t Au 44.1m @ 2.1g/t Au
About this update from Winshear Metals Corp.
[{"type":"text","content":"\n\n\n\n Drill results include:\n 46.0m @ 2.1g/t Au\n 44.1m @ 2.1g/t Au\n 37.0m @ 1.6g/t Au\n 31.7m @ 1.2g/t Au\n 27.5m @ 1.0g/t Au\n 16.8m @ 1.0g/t Au\n\nTSX-V Trading Symbol: HRC Tel.: 604 - 638 8007\nE-mail: [email protected] Website: www.helioresource.com\n\n\nVANCOUVER, Jan. 26 /CNW/ -\n\n\nPorcupine Target Drilling Update\n--------------------------------\n\n\nHelio Resource Corp. ("Helio" or the "Company") (TSX-V: HRC) is pleased\nto report the latest drill results from eleven diamond drill holes from the\nPorcupine Target at the SMP Gold Project, Lupa Goldfields, SW Tanzania. The\nresults confirm management's view that Porcupine has the potential to host a\nsignificant open-pittable gold resource, in addition to the potential\nsignificant gold resource the company is testing at the Kenge Target (Company\nPress Release dated January 15, 2009).\n\n\nHighlights\n----------\n\n- All eleven drill holes intersected gold mineralisation.\n\n- The new results confirm the continuity of robust mineralisation over\n a 250m+ strike length from surface to a depth of 200m.\n\n- Mineralisation is still open to depth and along strike.\n\nDetailed results are presented in the links below:\n\n - Table of Drill Intercepts:\n http://www.helioresource.com/i/pdf/2009-01-26_NRM1.pdf\n\n - Long Section Porcupine Target:\n http://www.helioresource.com/i/pdf/2009-01-26_NRM2.pdf\n\n - SMP Plan Map:\n http://www.helioresource.com/i/pdf/2009-01-26_NRM3.pdf\n\n\nA further ten diamond drill holes from Porcupine have been submitted to\nthe laboratory and results are expected within the next month.\n\n\n2008 Reverse Circulation Drilling Programme Summary\n\n\n---------------------------------------------------\n\n\nAs mentioned previously (Company Press Release November 10, 2008) a\nlimited RC drill programme was initiated to test the Porcupine Target over a\n1.5km strike length. Due to mechanical issues, drill rig breakdowns, and the\nonset of the rainy season, the programme has been suspended, and is planned to\nresume in April.\n\n\nGPD2\n\n\n----\n\n\nOriginal sampling of hole GPD2 returned an intersection of 49.8m @ 1.7g/t\nAu (Company Press Release dated July 21, 2008). The Company recently\nre-sampled the remaining half-core from this mineralised intercept as it\ncomprised extensively fractured and broken core. This exerci...