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Helio reports initial drill results from the Konokono Target, SMP Gold Project, Tanzania
Drill results include: 13.1m @ 3.7g/t Au TSX-V Trading Symbol: HRC
About this update from Winshear Metals Corp.
[{"type":"text","content":"\n\n\n\n Drill results include:\n 13.1m @ 3.7g/t Au\n\n TSX-V Trading Symbol: HRC\n\n\nVANCOUVER, Feb. 23 /CNW/ - Helio Resource Corp. ("Helio" or the\n"Company") (TSX-V: HRC) is pleased to report the first diamond drill results\nfrom the Konokono Target at the SMP Gold Project, Lupa Goldfields, SW\nTanzania.\n\n\nThe Konokono target is located approximately 8km west of Porcupine and\n5km east of Kenge - see the project map on the Company website at\nwww.helioresource.com.\n\n\nHighlights\n\n- All five drill holes intersected gold mineralisation.\n\n- The best mineralised intercept, 13.1m grading 3.7g/t Au, was received\n from the westernmost hole drilled at Konokono to date, SZD175\n\n- Mineralisation remains open to the west and to the east and to depth.\n\n- These new results confirm the potential of the SMP project area to\n host numerous such deposits along the 34km length of the\n Saza Shear Zone within the SMP.\n\n\nA total of 5 holes were drilled on an offset 50 x 50m grid, testing 100m\nof strike length of the Konokono target.\n\n\nThe nearest drilling to the west is approximately 1,400m away, where RC\ndrilling at the Kipanga target intersected 8m @ 1.44g/t Au (Company Press\nRelease dated January 31, 2008). Drilling by Anglo American in 1998 confirmed\ngold mineralisation occurring over a 300m strike length to the east.\n\n\nManagement is very pleased with these results, and notes that this\nfirst-pass diamond drill testing of the kilometre-long Konokono Target has\nreturned comparable results to those initially received from the SMP project's\ntwo most advanced targets; Porcupine and Kenge. Both Porcupine and Kenge have\nthe potential to host significant open-pittable gold deposits (see Company\nPress Releases dated January 26 and February 2, 2009).\n\n\nDetailed results are presented in the links below:\n\n\n- Table of Drill Intercepts:\n http://www.helioresource.com/i/pdf/2009-02-23_NRM1.pdf\n\n- SMP Plan Map showing location of targets identified and drill tested\n to date:\n http://www.helioresource.com/i/pdf/2009-02-23_NRM2.pdf\n\n\nABOUT THE SMP GOLD PROJECT\n\n\nHelio, through its 100% owned subsidiary BAFEX Tanzania Ltd., can earn a\n100% interest in five contiguous licences, which cover a 34km strike length of\nthe Saza Shear Zone (see news releases dated December 19, 2005, September 11,\...