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Helio Reports First 2009 Drill Results from the Porcupine Target, SMP Gold Project, Tanzania:
- 42m @ 2.3g/t Au - 45m @ 2.1g/t Au TSX-V Trading Symbol: HRC Tel.: 604 - 638 8005
About this update from Winshear Metals Corp.
[{"type":"text","content":"\n\n\n\n - 42m @ 2.3g/t Au\n - 45m @ 2.1g/t Au\n\nTSX-V Trading Symbol: HRC Tel.: 604 - 638 8005\nE-mail: [email protected] Website: www.helioresource.com\n\n\nVANCOUVER, July 13 /CNW/ - Helio Resource Corp. ("Helio" or the\n"Company") (TSX-V: HRC) is pleased to announce the first results from the 2009\ndiamond drill programme at the Porcupine Target.\n\n\nThree diamond drill holes were completed, and the results demonstrate\nthat gold mineralisation remains open along strike and to depth. Follow-up\ndiamond drilling will commence in August. The results are tabulated below.\n\n\n-------------------------------------------------------------------------\nHole Intersection\n-------------------------------------------------------------------------\nGPD42 42.0m @ 2.3g/t Au from 230.0m\n-------------------------------------------------------------------------\nGPD42 incl. 1.0m @ 52.7g/t Au from 260.0m\n-------------------------------------------------------------------------\nGPD43(x) Hole not completed - Stopped in mineralisation\n-------------------------------------------------------------------------\nGPD44 45.0m @ 2.1g/t Au from 207.0m\n-------------------------------------------------------------------------\nGPD44 incl. 1.0m @ 21.8g/t Au from 209.0m\n-------------------------------------------------------------------------\n\nAn updated long section and cross section are presented in the links below\nand at www.helioresource.com:\n\n- Porcupine Target - Long Section:\n http://www.helioresource.com/i/pdf/2009-07-13_NRM1.pdf\n\n- Porcupine Target - Drill Hole Section 'B':\n http://www.helioresource.com/i/pdf/2009-07-13_NRM2.pdf\n\nOf the 44 diamond drill holes completed at Porcupine, 37 have been drilled\ninto the Porcupine Main Zone. All holes have intersected gold mineralisation,\nreflecting the strong continuity of mineralisation within the 450m strike\nlength tested to date. Hole GPD43 will be extended at a later date.\n\nABOUT THE SMP GOLD PROJECT\n--------------------------\n\n\nHelio, through its 100% owned subsidiary BAFEX Tanzania Ltd., can earn a\n100% interest in five contiguous licences, which cover a 35km strike length of\nthe Saza Shear Zone. The project covers the New Saza Gold Mine, which was the\nsecond largest gold producer, behind the Geita Mine, in pre-Independence era\nTanzania.\n\...